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  • Wall street picks up on hopes Greece will avoid defaulting; Tiffany, TiVo gain

    Wed 8:52 pm

    Wall street picks up on hopes Greece will avoid defaulting; Tiffany, TiVo gain

    U.S. stocks rallied as technology and healthcare stocks gained and as investors hoped that Greece would avoid defaulting on its debt. The S&P 500 (INDEXSP:.INX) rose 1 percent to 2,125 at 3:41 p.m. in New York. The 30-company Dow Jones Industrial Average (INDEXDJX:.DJI) increased 0.8 percent to 18,181, while the tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) jumped 1.5 percent to 5,106. 

  • General Electric said to be in talks to sell fleet financing unit to Canadian Element

    Wed 7:40 pm

    General Electric said to be in talks to sell fleet financing unit to Canadian Element

    General Electric wants to cut its reliance on its finance businesses, except for those backing the aircraft and other industrial units

  • TSX rises as BMO, NBC report stronger earnings, hike dividend

    Wed 6:24 pm

    TSX rises as BMO, NBC report stronger earnings, hike dividend

    Canadian shares rose after Bank of Montreal and National Bank of Canada reported better-than-expected earnings and announced dividend increases. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.4 percent to 15,110.50 at 12:56 p.m. in Toronto. Three shares advanced for every two issues that declined as six out of the ten main share groups were in the positive territory.

  • U.S. stock-index futures rise as dollar eases, Greece concerns abate

    Wed 2:03 pm

    U.S. stock-index futures rise as dollar eases, Greece concerns abate

    U.S. stock-index futures were higher today as the dollar eased back from its largest gain in two years and as worries about Greece receded. Futures for the Dow Jones Industrial Average rose 0.1 percent to 18,073, while those for the S&P 500 index were up 0.1 percent to 2,107. Futures for the Nasdaq 100 index climbed 0.1 percent to 4,485.