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Stocks close narrowly mixed after jobs report
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Jobs breakdown
Dec. 7: A panel of experts on CNBC analyses the latest employment report for November.
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Market update
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• DJIA 13625.58 +5.69 +0.04%
• NASDAQ 2706.16 -2.87 -0.11%
• S&P 500 1504.66 -2.68 -0.18%
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SYMBOL LAST CHANGE % CHANGE
FTSE (London) 6554.90 +69.30 +1.07%
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Nikkei 225 (Tokyo) 15956.37 +82.29 +0.52%
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Data: MSN Money and ComStock
updated 6:08 p.m. ET Dec. 7, 2007
NEW YORK - Wall Street paused from its big rally Friday, with stocks closing narrowly mixed after the government's November labor report showed tepid job growth as well as a pickup in inflation. The major indexes ended the week higher, with the Dow Jones industrials having gained nearly 900 points over nine trading days.
The Labor Department reported 94,000 jobs were added to payrolls in November and that the unemployment rate held steady at 4.7 percent. Thomson/IFR analysts had set a median projection of 100,000 new jobs. The report also showed that average hourly earnings increased 0.5 percent in November, compared with forecasts for a more-modest 0.3 percent.
The report at least temporarily chilled a rally that has left the Dow only 538 points, or 3.8 percent, below the record close it reached on Oct. 9.
Saturday, December 8, 2007
Friday, December 7, 2007
go get it
The new year will begin on a costly note for car buyers with major players, including Maruti Suzuki, Hyundai Motors and General Motors, planning to increase prices of the vehicles by as much as Rs 12,000.
The companies are citing higher costs of raw materials such as lead and aluminium, besides rising freight charges as well as petroleum products, among the reasons for increasing the vehicle prices.
According to dealer sources, Maruti Suzuki India Ltd has told its distributors to gear up for an increase in prices across all models by up to Rs 12,000. The price hike would be applicable on dispatches of vehicles from the date of announcement of the hike in January. When contacted, officials of the country's biggest carmaker declined to comment.
Sources said Maruti has also written to its dealers that it will shut down production facilities for maintenance activities during December 24-31 and the dealers should plan their bookings accordingly.
Maruti's nearest rival Hyundai Motors India Ltd is also planning a price hike of up to two per cent across different models by December-end or January next year. Hyundai's lowest price car is the Santro non-AC which comes for Rs 2.72 lakh, while the high-end Sonata Embera is priced Rs 15.71 lakh.
Sources said HMIL may also revise the price of its recently introduced global car 'i10', which has been priced at Rs 3.39 lakh onward.
While Hyundai officials declined to comment, General Motors India (GMI) confirmed it will be revising prices.
"We will be hiking prices of our products between 1-2 per cent across all models by January," GMI Vice-President Marketing and Sales Ankush Arora told PTI.
He said increase in diesel prices along with input costs have made it necessary to hike the car prices.
The companies are citing higher costs of raw materials such as lead and aluminium, besides rising freight charges as well as petroleum products, among the reasons for increasing the vehicle prices.
According to dealer sources, Maruti Suzuki India Ltd has told its distributors to gear up for an increase in prices across all models by up to Rs 12,000. The price hike would be applicable on dispatches of vehicles from the date of announcement of the hike in January. When contacted, officials of the country's biggest carmaker declined to comment.
Sources said Maruti has also written to its dealers that it will shut down production facilities for maintenance activities during December 24-31 and the dealers should plan their bookings accordingly.
Maruti's nearest rival Hyundai Motors India Ltd is also planning a price hike of up to two per cent across different models by December-end or January next year. Hyundai's lowest price car is the Santro non-AC which comes for Rs 2.72 lakh, while the high-end Sonata Embera is priced Rs 15.71 lakh.
Sources said HMIL may also revise the price of its recently introduced global car 'i10', which has been priced at Rs 3.39 lakh onward.
While Hyundai officials declined to comment, General Motors India (GMI) confirmed it will be revising prices.
"We will be hiking prices of our products between 1-2 per cent across all models by January," GMI Vice-President Marketing and Sales Ankush Arora told PTI.
He said increase in diesel prices along with input costs have made it necessary to hike the car prices.
Thursday, December 6, 2007
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Are you ready to make a commitment to be successful-both financially and personally ?The mail order business is the way to succeed in all ways.
Are you ready to make a commitment to be successful-both financially and personally ?The mail order business is the way to succeed in all ways.
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