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March 27, 1992 | From Reuters
Cash-strapped Chrysler Corp. has sold nearly half its stake in Mitsubishi Motors Corp. for about $205 million. Mitsubishi said Chrysler sold 43.6 million shares Thursday to 11 Japanese companies, about half of which belong to the Mitsubishi group, and institutional investors in Europe. The purpose of the sale was to strengthen Chrysler's financial situation and generate funds for new investments, the statement said. The transactions cut Chrysler's stake in Mitsubishi Motor Cars from 10.99% to 5.
July 9, 1995 | Reuters
Art James Laycock, accused of involvement in a $25-million fraud, has been arrested in Britain at the request of U.S. officials, British police said Friday. The Serious Fraud Office said that Laycock was arrested by the Devon and Cornwall police in western England at the request of the U.S. Attorney in Boston. The SFO said criminal proceedings are under way in Boston against Laycock and two others, Harold Glantz and Norman Epstein.
December 21, 1998 | From Reuters
U.S. assets, especially the dollar, are expected to suffer today following the impeachment of President Clinton but a major sell-off on global markets is not in store, analysts said. The House of Representatives impeached Clinton on Saturday, setting the stage for the second Senate trial in U.S. history to determine whether a president should be removed from office. The news will weigh on the dollar but only be a mild negative for stocks and Treasuries, analysts said.
November 7, 1989 | From Associated Press
Shares in Euro Disneyland SCA rose sharply Monday, the first day of official trading on London and Paris stock exchanges. Euro Disneyland, which is half-owned by Walt Disney Co., has sold about $1 billion worth of stock to investors throughout Europe to help pay for a new Disney theme park to be opened in France in 1992. Euro Disneyland shares closed at 879 pence, or $13.80, a share in London, up from the offer price of 707 pence, or $11.
April 11, 2010 | By Tom Petruno
Mutual funds that focus on small and mid-size stocks were at the top of the leader board in the first quarter. That's a classic bet on a stronger U.S. economy, because smaller firms tend to be more dependent on the domestic economy for their sales and earnings -- as opposed to blue-chip companies that operate world- wide. Funds that own small-capitalization value stocks -- shares believed to be undervalued relative to a firm's earnings or assets -- recorded a total return of 9.3%, on average, according to Morningstar.
July 5, 2001 | From Associated Press
Stocks fell overseas Wednesday, pulled lower chiefly by the technology and telecommunications sectors. U.S. markets were closed for the Independence Day holiday. They will reopen today. In Japan, the 225-issue Nikkei stock average declined 1.5%, weighed down by selling in blue-chip technology shares, including Sony, Matsushita Electric Industrial, Hitachi, TDK and NEC.
March 31, 1998 | TOM PETRUNO
Mutual fund fever is sweeping Europe. With short-term bank and bond yields in much of Europe lower than even U.S. interest rates, individual investors in Europe have been shoveling cash into stock funds at a brisk pace in search of higher returns. Salomon Smith Barney Inc. analyst A.
July 24, 2002 | From Bloomberg News
The dollar resurged Tuesday and gold tumbled, both hinting that fear levels on Wall Street may be about to recede. The dollar scored its biggest one-day gain in 10 months against the euro, with the latter ending in New York at 98.9 cents, down from $1.01 on Monday. The greenback also rallied against the yen, closing at 117.54 yen, versus 116.35 Monday. In commodities trading, near-term gold futures plunged $10.90 to $312.70 an ounce in New York.
June 12, 2012 | By Joe Bel Bruno
Greece looks close to bolting from the European Union with national elections this weekend. Spain's banks were just bailed out, and Italy might be next. And, closer to home, Wall Street is still reeling about May's crummy jobs report. So you'd think U.S. stocks would be tanking? Nope. Welcome to the bad-news rally: The Dow Jones industrial average shot up more than 160 points on Tuesday. Right now, some traders out there are betting that economic and political signals continue to worsen, leading to another financial crisis.
February 26, 2003 | From Reuters and Times Staff Reports
European blue-chip stocks closed at their lowest level in more than six years Tuesday as war fears were compounded by financial worries about some major companies. The FTSE Eurotop index of the Continent's 300 largest stocks ended down 2.9% at 754.35, its weakest close since January 1997. The index has plunged 11.3% this year, more than double the decline of the U.S. Standard & Poor's 500 index. In dollar terms, adjusted for the buck's weakness against the euro, the FTSE Eurotop 300 is down 8.
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