Dow News
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Farmers and food industry representatives are demanding a probe into the potential outcome of a new genetically modified crop in combination with the usage of the 2,4-D pesticide.
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The value of recent Wall Street cheerleading can be assessed pretty easily: Non existent. The “expected” drop in consumer spending produced a 2.5 percent drop on the Dow, and a return to the US dollar as a safe haven.
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The Canadian Food Inspection Agency and its U.S. counterpart, the EPA, recently approved a new GE corn created by Monsanto and Dow. Called SmartStax, Dow President Jerome Peribere said the corn represents "game changing technology."
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Dear Mr. Obama
, We are the heads of a few of your largest constituents, including Dow, GE and DuPont. This letter represents our sentiments in wishing to express our gratitude for your and Ms. Pelosi’s efforts on our behalf.
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Americans for Tax Reform today released a taxpayer time-line of President Obama's first 50 days in office. The results were hardly favorable to the new administration.
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The White House's stimulus package did nothing to calm investor anxiety as the two major economic gauges fell to lows not seen since 1997. The Dow Jones industrial average tumbled 250 points and the S&P 500 index lost 26 points.
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The theory of market analysis is that people know what they’re doing. The practice is that things built on cosmetic imagery tend to look like that. The NYSE just scraped the bottom again, and theories are doing more business than industries.
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Both the Dow Jones and the TSX composite index were down over 400 points when they closed today, stock markets elsewhere are having similar experiences.
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I think the fact is stock markets don’t know a thing about the financial markets. Everything that needed to be done has been done. The banks have their lifelines, and the derivatives in the US are now legally controllable. But stocks keep dropping.
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In the final hour Thursday the Dow tumbled down over 675 points. It is now in the lowest level in five years after a major credit ratings agency said it was thinking about cutting its rating on General Motors Corp.
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