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Business » Bull of the Day: Alexion Pharmaceuticals Inc. (NASDAQ:ALXN) $189.09 +0.48%JFD Brokers - March 20, 2015, 15:45 GMTAlexion Pharmaceuticals Inc. (NASDAQ:ALXN) shares surged +0.48% during yesterday’s session, closing at $189.09. The share price was trading in a wide range between the psychological level of $170.00 and the key resistance level of $188.20. The rally over the last few days has been particularly aggressive, pushing the share price above some significant obstacles including
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US homebuilder confidence declined unexpectedly in March, as supply chain issues and labour shortages clouded an otherwise positive assessment of the overall market. The housing market index, courtesy of the National Association of Home Builders, dropped two points to 53 in February. Economists forecast an increase of one point to 56. A reading above 50
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Employment in Canada was little changed in February, while the unemployment rate rose to a five-month high as the impact of declining oil prices hit the province of Alberta. Overall employment in Canada declined by 1,000 in February, following a gain of 35,400 the previous month, Statistics Canada reported today in Ottawa. A median estimate
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US business inventories were unchanged in January and were revised down in December, suggesting businesses had less incentive to restock their shelves at the start of the year. Business inventories – an indicator of stockpiles held by manufacturers, retailers and wholesalers that is used to calculate gross domestic product – were unchanged at $1,761.7 billion
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Business » US Wholesale Inventories Rise Faster Than Forecast in JanuaryH.S. Borji - March 10, 2015, 14:09 GMT
US wholesale inventories rose faster than forecast in January after cooling at the end of the year, although sales remained weak, offering a mixed picture of the recovery at the start of the year. Wholesale inventories climbed 0.3 percent to $548.7 billion at the end of January, following no change the previous month, the Commerce
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Business » US Employment Surges in February, Unemployment Rate Falls to 6 ½ Year LowH.S. Borji - March 6, 2015, 14:20 GMT
US employment rose faster than forecast in February as the unemployment rate fell to a more than six-and-a-half year low, adding further evidence the labour market was heading toward full employment and raising speculation the Federal Reserve may be open to a June rate adjustment. Employers added 295,000 nonfarm payrolls last month, following a downwardly
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Business » Uncategorized » US Factory Orders Decline Unexpectedly in JanuaryH.S. Borji - March 5, 2015, 15:11 GMT
New orders for US factory goods declined unexpectedly in January, a sign weak energy prices and waning international demand continued to pressure domestic factory production. US factory orders declined 0.2 percent in January following a downwardly revised drop of 3.5 percent in December, the Commerce Department reported in Washington. A median estimate of economists called
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Business » Canadian Economy Grows Faster Than Forecast in Fourth QuarterH.S. Borji - March 3, 2015, 14:37 GMT
The Canadian economy accelerated faster than expected in the fourth quarter, as household spending and industrial production offset a decline in exports, a sign the world’s eleventh largest economy was weathering the storm of plunging energy prices. Canada’s real gross domestic product rose 0.6 percent in the fourth quarter, following an upwardly revised gain of
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Business » RBA Holds Benchmark Interest Rate at 2.25%, Defying ForecastsH.S. Borji - March 3, 2015, 10:24 GMT
The Reserve Bank of Australia unexpectedly held its overnight rate on Tuesday, a sign policymakers were adopting a wait-and-see approach before easing monetary policy in the coming months to shore up a fledgling domestic economy. The overnight rate was kept at 2.25 percent on Tuesday, unchanged from the February meeting. The Bank slashed interest rates
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US manufacturing activity in February slowed to its lowest level in more than a year, as new orders and overall production expanded at a slower rate. The Institute for Supply Management’s gauge of national service activity declined 0.6 percentage point to 52.9 in February. A median estimate of economists called for a slide to 53.1.
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