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Top Stories Telecom Report: China growth in 3G subscriptions easing China’s three telecom operators reported weaker subscriber additions in April for the key 3G segment, though whether the drop marked a trend remained uncertain.
Asia Markets: Asia stocks rally, with resource, tech shares up Asia stocks rally, tracking overnight gains in the U.S., with many indexes up 1% or more as resource and tech shares help lead the advance.
Currencies: Dollar edges back up as euro slips The dollar resumes a path higher on Tuesday after taking a leg down in the prior session.
Bill Mann's Canada: Canadian Pacific proxy fight a turning point The stockholder showdown at Canadian Pacific Railway’s annual meeting, which led to the ouster of the railroad’s top two execs, marked an important turning point in the way Canadian corporate board members are likely to deal with impatient stockholders, especially the major ones.
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May 22, 2012 3:37 AM EDT
Once again, it was earnings versus the economy. This seems to be the favored feud these days. Durable Goods for June, a piece of lagging economic data, unexpectedly fell by 1.0%. Expectations were for a gain of 1.0%, so a healthy miss. Unfortunately, this can be a very volatile number. Civilian aircraft orders can and did skew the number, falling 25.6% in June. Transports, in total, were down 2.4%. In a related piece of data, Dow component Boein... full story >>