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KNX Business Hour 11.06.2009
Stocks end the day and the week on an up note after getting off to a rough start on a worse than expected October jobs report showing the national unemploment rate hit 10.2 percent. The Dow closes above 10k for the second day in a row. The major averages
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KNX Business Hour 11.05.2009
More encouraging news on the economy including retail sales results, productivity and jobless claims over the past week, set off a rally on Wall Street. The dow posts its best one day gain since July and closes above 10-thousand. The Dow closed up more th
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KNX Business Hour 11.04.2009
Gold hits another record high just below $1100 an ounce on a weaker dollar. Stocks rally but finish mixed after the fed holds the line on short term interest rates and signals low rates will continue for "an extended period." Oil closes above 80 dollars a
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KNX Business Hour 11.03.2009
The price of gold closes at a new record high of $1084.90 an ounce after hitting as high as 1087 an ounce. This as the dollar firmed overseas. The Reserve Bank of India buys 200 metric tons of the yellow metal. Silver pops up 71 cents to 17.18 an ounce. A
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KNX Business Hour 11.2.2009
Stocks end the day higher in another volatile session. The latest readings on the economy include manufacturing activity hitting its highest level in three and a half years and pending home sales contracts surged in September. Ford posts a quarterly profi
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KNX Business Hour 10.30.2009
A pre halloween sell off on Wall Street as the market is spooked by the latest readings on consumer confidence and consumer spending. The Dow takes a 250 tumble after a gain of 200 points in the previous session. The volatility index takes its biggest one
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KNX Business Hour 10.29.2009
The stock market sees its best one day rally in three months on news the economy grew 3.5 percent in the third quarter signalling the longest recession since the great depression most likely ended between July and September. The price of oil popped above
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KNX Business Hour 10.28.2009
Stocks pull back on a disappointing reading on new home sales, a firmer dollar and a drop in the price of oil.
The Dow closes down 119 points. Foreclosures nationwide hit a new record high in the third quarter. Oil takes a more than 2 dollar tumble to cl
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KNX Business Hour 10.27.2009
One American automaker is ecstatic over the new Consumers Reports survey of most reliable cars and trucks...The producer of scream movie "Paranormal Activity tells how a less than 15-thousand dollar production became a Hollywood phenomenon...finally, cons
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KNX Business Hour 10.26.2009
Some credit card companies are boosting percentage rates ahead of the new laws kicking in, even as lawmakers consider a bill to put a freeeze on their actions...while some companies bury their head in the sand others see the weak economy as a time to expa
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KNX Business Hour 10.23.2009
More please, a call for the White House to extend tax credits for buying a home...students young and older learn new middle level skills at Long Beach City College as the need grows for those workers...Ice cream, we all scream as Farrell's the 60's icecre
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KNX Business Hour 10.22.2009
President Obama pushes for more aid to small business amid claims the White House has done very little for the nation's entrepreneurs so far...A worldwide survey says most business owners surveyed like the new Windows 7 operating system much better thatit
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KNX Business Hour 10.21.2009
Stocks pull back in the final hour of trading with the Dow dipping 92 points to close at 9949. The price of oil hits a new high for the year above 81 dollars a barrel. The government's pay czar is reportedly ordering executives at companies that received
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KNX Business Hour 10.20.2009
California Attorney General Gerry Brown tells the KNX Business Hour why he's filed a 200-million dollar lawsuit against State Street Bank...but will the suit ever get to court...also, a prediction that home prices will fall even further in California befo
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