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  • Wall Street tanks on renewed Greece concerns, new China trading regulations

    Fri 8:53 pm

    Wall Street tanks on renewed Greece concerns, new China trading regulations

    U.S. stocks sank today following a global weakness in equities weighed by renewed Greece concerns and new Chinese trading regulations. The S&P 500 (INDEXSP:.INX) sank 1.1 percent to 2,082 at 3:38 a.m. in New York. The 30-company Dow Jones Industrial Average (INDEXDJX:.DJI) fell 1.4 percent to 17,852, while the tech-heavy Nasdaq Composite (INDEXNASDAQ:.IXIC) surrendered 1.4 percent to 4,933.

  • Argentina focused Madalena increases 2014 production by 165%, adds significant conventional reserves

    Fri 7:07 pm

    Argentina focused Madalena increases 2014 production by 165%, adds significant conventional reserves

    Madalena Energy (CVE:MVN) (OTC:MDLNF), which is an Argentina focused oil and gas energy company, increased its conventional oil and gas reserves on its conventional assets alone by 297% in 2014 through a highly accretive acquisition and successful horizontal drilling in Argentina.

  • TSX retreats with crude price; miners gain

    Fri 5:55 pm

    TSX retreats with crude price; miners gain

    Canadian shares fell for a second day as energy producers weakened on a drop in crude prices, while miners gained as bullion climbed above $1,200 per ounce. The Standard & Poor’s/TSX Composite Index (TSE:OSPTX) fell 0.4 percent to 15,333 at 12:22 p.m. in Toronto. Three shares declined for every two issues that advanced as nine out of ten main share groups were in the negative territory.

  • AmEx reports mixed results hurt by stronger dollar; shares slump

    Fri 2:49 pm

    AmEx reports mixed results hurt by stronger dollar; shares slump

    American Express (NYSE:AXP), a payment-card company, reported higher-than-expected profit rise in the first quarter, but said results were hurt by a stronger dollar. Net income climbed 6.5 percent to $1.53 billion, or $1.48 per share, in the January-to-March quarter, from $1.43 billion, or $1.33 per share, a year earlier, the New York-based company said in a statement late yesterday.