Financial Markets Closing

Posted on September 05, 2012, 8:07 pm
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ECB’s bond buying plan said to pledge unlimited, sterilized bond buys to assuage concerns about printing money. The plan is believed to focus only on government bonds and target short-dated maturities up to three years. Regarding the ECB interest rate announcement, economists are split over a rate cut and no change. 

Supervalu to close 60 stores on slumping sales.

Fedex fell in U.S. trading after projecting its first quarterly earnings decline since 2009 on lower demand for express packages.

Facebook CEO Zuckerberg will not sell stock for at least a year.

 

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