Stocks Surrender Early Gains
Stocks declined on Monday, with a number of financial and energy stocks under pressure. General Motors
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PowerRating) is in the news, after United Auto Workers union members walked off the job this morning. The nationwide strike is the first in 37 years for GM (full story).
Microsoft
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PowerRating) announced it was in talks to acquire a 5% stake in Facebook, that would value the company at about $10 billion.
Mahmoud Ahmadinejad, the President of Iran, spoke at Columbia University and was able to hog most of today’s media spotlight.
The U.S. dollar continued to decline, hitting yet another record low versus the euro.
Crude oil closed lower, for the second straight session, while gold declined fractionally.
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