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By Sinead Carew NEW YORK (Reuters) - Cingular Wireless, the No. 1 U.S. mobile service, is aiming to extend the increasing popularity of online communities to cellphones with Rabble, a service aimed at connecting like-minded young people, the companies said on Thursday. Rabble, run by San Diego-based Intercasting Corp, now has deals with the two biggest U.S. mobile services, giving it a ...

SAN FRANCISCSO (Dow Jones) -- Canada's benchmark index fell Wednesday battered as energy, gold and precious metals prices fell, causing sharp losses among some of the market's most actively traded stocks. The S&P/TSX Composite Indexfell 79.39 points, or 0.6%, to 11,737.07. The S&P/ TSX 60 Index of blue chips fell 0.7% and the S&P/TSX Venture Composite lost 1.6% . The energy secto ...

SAN FRANCISCO (Dow Jones) -- Hughes Supply, in likely its last financial report before being brought into the Home Depot fold, said Wednesday its fourth- quarter profit jumped 58% on surging demand in its water and sewer and utilities segments. The construction and repair product maker (HUG) posted a profit of $32.8 million, or 49 cents a share, up from $20.7 million, or 31 cents a share, a yea ...

SAN FRANCISCO (Dow Jones) -- Stock markets throughout the Americas lost ground Wednesday, despite an expected interest-rate cut in Brazil, as investors worried that rising rates in the U.S. could sway investors to reduce their foreign exposure. In Sao Paulo, the main index rebounded from its lowest levels as the Dow Jones Industrial Average (DJI) swung to a positive finish late in the session,  ...

SAN FRANCISCO (Dow Jones) -- U.S.-listed shares of Asian companies finished lower Wednesday despite Wall Street's late-session advance. The Bank of New York Asia American Depositary Receipt Index fell 0.18 points, or 0.1%, to 136.19. The overall Composite ADR Index rose 0.08 points to 140.64. Earlier, financial markets across Asia fell, extending sharp declines from earlier in the week as in ...

SAN FRANCISCO (Dow Jones) -- Emerging-markets hedge funds have generated big returns so far in 2006 on the back of surging Latin American stock markets. The Hennessee Hedge Fund Index, which tracks more than 1,000 managers, advanced 0.73% in February. The index is up 4.25% so far this year, ahead of U.S. equity-market benchmarks such as the S&P 500 Index (SPX) and the Nasdaq Composite Index ...

A late rally saw US equities recoup early losses to finish higher on Wednesday as fears over inflation gave way to the positive impact of falling energy prices. // In the absence of any major US economic data, stocks initially traded lower as investors focused once again on 10-year US Treasury yields, which held near 21-month highs. Rising yields on the benchmark note have raised fears over the  ...

Technology stocks came to life in afternoon trading Wednesday, but still closed with mixed results on another round of dealmaking in the sector and Google Inc.'s latest gaffe. Lexar Media Inc. (LEXR) surged $1.74, or more than 24% to close at $8.83 after it agreed to be acquired by Micron Technology Inc. for $700 million in stock. The deal is part of Micron's bid to become a bigger player in the  ...

Treasury prices closed slightly lower Wednesday, pushing yields up a bit, after two Federal Reserve officials gave upbeat descriptions of the economy, intensifying speculation that the central bank may have to keep lifting rates for some time. However, Wednesday's price losses were minor compared to recent routs in the Treasury market that pushed yields to multi-year highs. Treasury prices w ...

Germany on Wednesday became the latest country to issue inflation-linked bonds, taking advantage of the strong demand for assets that protect investors against rising consumer prices. // For the first time, the country issued €5.5bn of inflation-linked bonds, or linkers, at a real yield over inflation of 1.543 per cent. This was 207 basis points (2.07 percentage points) below Wednesday’s yield on the 2016 conventional fixed-rate Bund, suggesting “break-even” inflation at just over 2 per cent.  ...