US stocks plunge

Lacklustre earnings reports from Dow Jones industrials General Electric and Citigroup sent stocks nosediving on Wall Street today.

US stocks plunge
Fri, 20 Jan, 2006 - 22:31

Lacklustre earnings reports from Dow Jones industrials General Electric and Citigroup sent stocks nosediving on Wall Street today.

Soaring energy prices compounded the US market’s gloom over earnings, with crude oil returning to a four-month high on concerns about Iran’s nuclear arms dispute.

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CourtsBusinessHeathrowPlace: USPlace: Wall StreetPlace: IranPerson: Rick PendergraftPerson: PendergraftPerson: Susan MalleyPerson: MalleyEvent: New Year’s rallyOrganisation: LacklustreOrganisation: Dow JonesOrganisation: General ElectricOrganisation: CitigroupOrganisation: IranOrganisation: MotorolaOrganisation: GEOrganisation: Schaeffer’s Investment ResearchOrganisation: DowOrganisation: NasdaqOrganisation: New York Mercantile ExchangeOrganisation: University of MichiganOrganisation: Federal ReserveOrganisation: Malley Associates Capital ManagementOrganisation: Wall StreetOrganisation: XilinxOrganisation: Philadelphia semiconductorOrganisation: AlbertsonOrganisation: SuperValuOrganisation: Wall Street JournalOrganisation: New York Stock Exchange
<p>Cork-founded information and communication technologies company PFH Technology has posted turnover of €178.5m, up 18% on the previous year, with operating profits increasing to €19.8m.</p>

Profits rise to €19.8m at Cork-headquartered PFH Technology

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