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Chubb Reports Drop In Q2 Earnings
Chubb Corp. (CB) reported a drop in second quarter earnings on Thursday after the bell. |
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Crocs Cuts Q2 Expectations
Crocs (CROX) cut its secomd quarter earnings expectations on Thursday after the close. The footwear maker cited a challenging marketplace in the U.S. for the drop. Revenues are also expected to be lower than earlier anticipated. |
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Weak Economic Data Contributes To Sharply Lower Close On Wall Street
Stocks plunged on Thursday following the release of some troubling economic data that reignited concerns over the health of the economy. The data prompted investors to lock in profits from the rally seen in the past several days. |
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INTERVIEW: Mark Vitner Of Wachovia: Worst Of Housing Slump Is Clearly Behind Us
In an interview with RTT News, Mark Vitner, senior economist at Wachovia says despite the fact that existing home sales for June fell more than expected, it is “clear that the worst is behind us.” Vitner says it is too soon to call a bottom, but says we’re “nearing it.” In fact, he forecasts a bottom after another “rough” six to nine months. |
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Existing Home Sales Dip 2.6% In June
Existing home sales fell more than expected in the month of June, according to a report released by the National Association of Realtors on Thursday, with many potential home buyers waiting on the sidelines. |