Global auto industry recovering: report

July 31, 2009 11:46 pm· Comments Off on Global auto industry recovering: report 

OTTAWA, Aug. 1 — The global auto industry is starting to recover from months of declines, pushed by strong demands in such countries as China and Germany, a Canadian report said on Friday.

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Wall Street ends mixed on GDP report

July 31, 2009 11:46 pm· Comments Off on Wall Street ends mixed on GDP report 

NEW YORK, Aug. 1 — Wall Street capped mixed on Friday, after the U.S. government reported that the U.S. economy shrank at a slower pace in the second quarter, while consumer spending tumbled at the same time.

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Gold surges above 950 dollars on plummeting greenback

July 31, 2009 11:46 pm· Comments Off on Gold surges above 950 dollars on plummeting greenback 

CHICAGO, Aug. 1 — Gold futures on the COMEX Division of the New York Mercantile Exchange went back above 950 dollars on Friday due to a much lower dollar. Silver and platinum both finished higher.

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Oil extends rally on better-than-expected economic data

July 31, 2009 11:46 pm· Comments Off on Oil extends rally on better-than-expected economic data 

NEW YORK, Aug. 1 — Oil prices extended rally on Friday after data showed U.S. economy contracted in a slower pace in the second quarter, spurring speculation the economy is recovering from the recession.

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U.S. economy contraction slows, signaling recession eases

July 31, 2009 11:46 pm· Comments Off on U.S. economy contraction slows, signaling recession eases 

WASHINGTON, Aug. 1 — The U.S. economy fell at a more subdued 1.0 percent pace in the second quarter, a strong signal that the worst recession since the Great Depression has eased.

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Total Q2 net profit declines

July 31, 2009 11:46 pm· Comments Off on Total Q2 net profit declines 

PARIS, Aug. 1 — French oil company Total reported Friday that its adjusted net profit dropped 54 percent to 1.72 billion euros (about 2.38 billion U.S. dollars) in the second quarter, down from 3.72 billion a year earlier, due to the sharp decline in oil prices.

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Canada economy shrinks 0.5 percent in May

July 31, 2009 11:46 pm· Comments Off on Canada economy shrinks 0.5 percent in May 

OTTAWA, Aug. 1 — Decrease in manufacturing and energy production dragged Canada's economy to shrink further in May, Statistics Canada reported Friday.

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IMF says worst over for U.S. economy

July 31, 2009 11:46 pm· Comments Off on IMF says worst over for U.S. economy 

WASHINGTON, Aug. 1 — The sharp decline in the U.S. economy "was ending," but recovery "was likely to be sluggish," according to a report released by the International Monetary Fund (IMF) on Friday.

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World records set at swimming worlds

July 31, 2009 11:46 pm· Comments Off on World records set at swimming worlds 

ROME, Aug. 1 — Following is a list of the world records set at the world swimming championships after Friday's races:

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U.S. A(H1N1) deaths reach 353, hospitalizations over 5,500

July 31, 2009 11:46 pm· Comments Off on U.S. A(H1N1) deaths reach 353, hospitalizations over 5,500 

HOUSTON, Aug. 1 — The A(H1N1) flu death toll in the United State has reached 353 with hospitalizations of 5,514, according to the latest statistics released by the federal Centers for Disease Control and Prevention (CDC) in Atlanta on Friday.

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