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Posted inBusiness

Investors still pulling out of stock funds

BOSTON – Mutual fund shareholders continued to take a conservative approach to investing last month, possibly reacting to the threat of going over the “fiscal cliff.” Investors pulled cash out of stock funds in November for the ninth consecutive month, fund industry consultant Strategic Insight said on Thursday. Bond funds attracted new cash for the […]

Posted inBusiness

Chinese companies risk ouster from exchanges

BEIJING – A mounting dispute between Washington and Beijing over access to records of Chinese companies with U.S.-traded shares might force major corporate names such as oil giant PetroChina and search engine Baidu to withdraw from U.S. stock exchanges. The dispute highlights the clash between heightened U.S. anti-fraud efforts and official Chinese secrecy despite Beijing’s […]

Posted inBusiness

Briefcase

Status of ‘fiscal cliff’ talks keeps the markets guessing NEW YORK – Stocks sank most of the day Thursday after more signs of tension emerged in federal budget talks. They recovered some of the loss after a late report that President Obama and the House speaker would meet. The Dow Jones industrial average finished down […]