Citi News Sparks Market Upturn Then Slips Repeatedly
In 2009 Citi driven gains soared above 379 in a single session five times but each advance faded next session, with two declines by digits. By year end both Dow and S&P 500 had jumped about 20 percent but soon retreated. On Tuesday the S&P closed at 719.60, under half its October 2007 peak. Ben Halliburton of Tradirecovery questions near term return to 800 while Citi may lead and boost the economy.
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Hitachi to admit to fixing LCD prices
Hitachi Displays Ltd a Japan based firm agreed to plead guilty to fixing prices on LCD panels and will pay a 31 million dollar fine under a deal with the U S Justice Department. Kroger profits rise eight percent as shoppers shift to store brands and coupons with stock up ten percent on strong deli bakery and meat sales and higher net income to 3492 million on 1726 billion in sales
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Frugal living surges as recession reshapes spending
A growing cohort of frugal shoppers tightens belts amid recession. Amy VanDeventer from Colorado recycles clothes and cuts toiletries while others swap store brands for vinegar and DIY detergents. Experts note savings habits may outlast the downturn, with readers turning to blogs and tips to maximize value.
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