Jan. 10 2011 | Klaus Kleinfeld, chairman and CEO of Alcoa, discusses the aluminum producer's earnings and outlook with CNBC's Maria Bartiromo.
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Monday, January 10, 2011
Bangladesh : investors riot after crash
Investors in Bangladesh have taken to the streets as the Dhaka stock exchange recorded huge losses for a second day in a row.
Scores of people have been injured in violent clashes with police, and trading has been suspended.
Al Jazeera's Nicolas Haque reports from Dhaka.
Scores of people have been injured in violent clashes with police, and trading has been suspended.
Al Jazeera's Nicolas Haque reports from Dhaka.
Market Recap: January 10th, 2011
The major U.S. equity indices are trading lower Monday as Europe's debt troubles resurfaced on renewed bailout talk involving Portugal.
Portugal will be dealing with a major debt refinancing later this week. The country is scheduled to conduct a bond auction, with Spain and Italy expected to follow suit.
Finance ministers of the E.U. are scheduled to meet next Monday in Brussels.
In corporate news, Alcoa (NYSE:AA) and Apollo (NASDAQ:APOL) are scheduled to report earnings after the market closes.
Duke Energy (NYSE:DUK) shares are trading 1.52% lower after the company announced plans to buy Progress Energy (NYSE:PGN) for $13.7 billion in stock.
The Dow Jones Industrial Average (DJI) is trading 0.33% lower at 11,636.12, the S&P500 (INX) is trading 0.24% lower at 1,268.50, and the Nasdaq Composite (IXIC) is trading 0.10% lower at 2,700.41.
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