Wall Street than the Ireland takes a bailout

NEW YORK – Stock price fell Monday as investors worried about application Ireland, this help financial neighbours may not be the last plan needed rescue in Europe.

After falling into a financial crisis caused by increasing losses in three of its nationalised banks Ireland officially asked neighbours dimanche.Le plan rescue aid of the European Union and the international monetary fund will likely $ 100 billion.

Demand grew out of stocks higher in the Euro Stoxx 50, an index of blue chip companies in countries that use the euro Europe.Mais, fell by 0.7% in afternoon trade it.

The Dow Jones industrial average was recently in more than 80 points.

This is the second time that the EU has come to the rescue of one of its 16 members that use the euro. In may, the EU and the IMF committed 140 billion in Greece to prevent the country involved his dette.Membres euro area were willing to mutually support finance hoping to avoid a financial crisis that could cause the value of the euro to fall.

Request the Ireland helper does not put an end to issues facing the euro area. Colleagues, Portugal Spain, the Italy must also cope with heavy debt and investors fear that they may also need a financial lifeline, putting additional pressures on the budgets of the .the EU members ' euro decreased by 0.6% against the dollar.

"It was difficult for the EU to move forward and stay ahead of the concerns of the market, despite substantial amounts, they are clearly willing to spend," said Robert Tipp, Chief Strategist for prudential fixed income securities investment.Announcement Ireland could ask for help contributed to stock losses because it was not detailed enough to restore the confidence of investors, he said.

Reference China's Shanghai composite index decreased 0.2 percent 100.Le dollar gained 0.1% against a basket of six currencies.

The United States stocks fell in trade at the beginning.The Dow Jones industrial average fell 49.30 or 0.4%, 11, wider 154.25.La S & P 500 has dropped 4.64 or 0.4%, 1,195.09. The technology Nasdaq composite index fell 3.09 or 0.1% of 2,515.03.

Investors will sort through a plate full of economic data this week but trade will be shortened by the feast of Thanksgiving Thursday.

Include reports to be released Tuesday and Wednesday sales home in October, an update of the feelings of consumers and the revisions earlier estimates of gross domestic product third quarter.

Some economists expect the final reading on economic growth in the country for the third quarter will be slightly higher than the increase of 2.0% previously estimated.

A survey of business economists published Monday revealed that many believe that the u.s. economy will continue to grow slowly with high unemployment rates.The National Association of business economists survey revealed that the participants that the US economy will grow at 2.7 percent this year.Previously, the Group expects that the growth of 2.6%.

The Group expects the economy to grow 2.6% in 2011.At this rate, growth will be unlikely to make a large dent in the unemployment rate now stands at 9.6%.

Tyson Foods Inc. announced beat Analyst estimates and received 213 million, or 57 cents per share, for the last quarter.Meat producer lost 457 million dollars, or $1.23 per share, there is an an.Actions society grew by 3.7% to $Electr.

Netflix Inc. film rental company said there will be transition to focus on the broadcasting of TV and movies online, a departure from his model built around mailing DVDs to customers by courrier.Il announced it raised the price of DVD subscription plans and launch soon streaming continuous-only cheaper plan .Ses United States shares rose $12.95, or 7.4% at $185.79 .Actions its has more than tripled this year.

Insurer health Humana Inc. announced plans to buy healthcare private company Concentra Inc.790 Millions of dollars in cash deal not a not yet pass the Humana réglementaire.Actions approval acquired 1.77 million dollars, or 3.1%, to $57.79.

Computer giant Hewlett - Packard Co. will publish its third quarter earnings report after the ferme.Il market will be the first report of Hewlett-Packard earnings since the former Chief Executive Mark Hurd has resigned in August in the middle of the allegations of harassment sexuel.Il has been replaced by the financial director Leo Apotheker.

? 2010 The Associated rights Press.Tous réservés.Ce hardware cannot be published, broadcast, rewritten or redistributed.


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