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SAN FRANCISCO (Dow Jones) -- Canadian stocks rallied on Thursday with prices for materials stocks leading the advance as gold prices closed above $580 an ounce for the first time in three sessions. The S&P/TSX Composite Index rose 100 points, or 0.9%, to end at 11,719.09. Eight of the TSX's 10 sectoral groups advanced. The materials sector outpaced the rest, gaining 2% on a 2.7% advance in  ...

WASHINGTON (AFX) - If the Federal Communications Commission votes as planned on AT&T Inc.'s acquisition of BellSouth Corp. on Friday, it means the agency's Republican chairman compromised with two outspoken Democrats who sought significant changes in the deal. Past comments from Democratic commissioners Michael Copps and Jonathan Adelstein and word from people familiar with the negotiatio ...

NEW YORK (AFX) - The Dow Jones industrial average broke through 11,900 to close at a record high Thursday, boosted by optimism over the health of corporate earnings. The index's gain marked its fifth record close in two weeks; the Dow also set a record intraday high. The markets were upbeat Thursday, with investors focusing on positive news from well-known consumer brands such as McDonald's  ...

Mexican stocks rallied to an all-time high Thursday, bouncing back sharply after a bout of profit-taking the previous day. Brazil's markets were closed for a national holiday. The buying spree in Mexican equities picked up steam during late-morning trade as the Dow Jones Industrial Average (DJI) surpassed the 11,900-mark for the first time ever. The IPC also set a fresh intraday high of 22,711  ...

SYDNEY (XFN-ASIA) - Share prices are expected to open higher following strong gains on Wall Street overnight where investors were encouraged by positive third-quarter earnings reports and the Federal Reserve's Beige Book showing continuing economic growth in the US, dealers said. They said merger and acquisition activity will also lend support to the market with focus on the financial services se ...

TOKYO (XFN-ASIA) - Share prices are expected to open firmer after the Dow Jones Industrial Average hit another all-time high following a mild retreat Wednesday, although profit-taking ahead of the weekend may cap gains, dealers said. Uncertainty over the prospect for crude oil prices may also continue to weigh on investor sentiment here, despite a modest rebound overnight, dealers said. Local pla ...

SAN FRANCISCO (Dow Jones) -- A reading of U.S.-listed shares of European companies was pulled higher Thursday as Wall Street rallied following a string of positive financial reports and metals stocks climbed amid gains in most metals prices. The Bank of New York Europe ADR Index rose 1.3% to 155.69 and the Bank of New York Composite ADR Index gained 1.3% to finish at 154.47. The Dow Jones In ...

Mutual-fund investors understandably emphasize a fund manager's track record. The best managers are skilled soloists, attuned to market opportunities and aligned with shareholders. Or maybe not. New research indicates that a fund's brightest star isn't the manager after all. As columnist Mark Hulbert explains in this week's lead story, "It's the Fund Company, Not the Manager," the employer i ...

BOSTON (Dow Jones) -- Big Pharma is expected to unveil moderately quarter earnings next week as most of the industry's largest players report their third quarter financial results. For the past couple of years, the major pharmaceutical makers have been battered by the onslaught of generic competition for their top-selling products in the wake of the expirations of key patents. In an effort to k ...

NEW YORK (AFX) - PepsiCo Inc. says higher costs for oranges pressured profits in the latest quarter and are expected to cut into the soft drink and snack foods maker's earnings after the government reported the worst crop in 16 years. The outlook sent shares of PepsiCo, which makes Tropicana Pure Premium and Tropicana Season's Best, lower on Thursday even though its third-quarter net income j ...