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London, Shawwal 16, 1436, Aug 1, 2015, SPA -- Witnesses say a display plane has crashed during a car and music show in northwest England. There was no immediate word on the condition of the pilot...

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Wall Street Closing
Washington, Jumada I 3, 1434, Mar 15, 2013, SPA -- U.S. stocks closed down Friday, as the Dow ended modestly lower following a surprise drop in a measure of consumer confidence.
In U.S. economic news, the Thomson Reuters/University of Michigan index of consumer sentiment for March unexpectedly fell, raising worries about the impact of higher income tax rates on household spending. The Bureau of Labor Statistics said the consumer price index (CPI) rose 0.7 percent last month, driven mainly by a spike in energy prices. CPI was expected to have risen 0.5 percent, according to a Briefing.com consensus, but the annual inflation rate is still just 2 percent, within the range that the Federal Reserve (Fed) finds to be comfortable. Also, industrial production rose more than expected in February, after being flat in the prior month, according to the Fed.
In international economic news, European Union officials agreed to give Portugal more time to meet targets for reducing its debt. Japanese Parliament confirmed the appointment of Haruhiko Kuroda as Bank of Japan governor, raising expectations of swift monetary easing.
In corporate news, Bank of America shares rose after it announced plans to repurchase $10.5 billion of common stock and preferred shares. Wells Fargo said it would increase its quarterly dividend payment to 30 cents per share, starting in the second quarter. J.P. Morgan and Goldman Sachs both dipped after the Fed approved their capital plans, but with conditions attached. Shares of BB&T, one of only two banks to have its capital plans rejected, also fell.
The dollar weakened against the euro, the pound, and the yen. Light sweet crude oil for April delivery gained 42 cents to $93.45 a barrel on the New York Mercantile Exchange. Gold futures moved up $1.90 to $1,592.60 an ounce.
The Dow Jones industrial average dropped 25.03, or 0.17 percent, to 14,514.11. The broader Standard & Poor’s 500 index lost 2.53, or 0.16 percent, to 1,560.70. The technology-heavy Nasdaq composite index fell 9.86, or 0.30 percent, to 3,249.07.

--SPA
23:34 LOCAL TIME 20:34 GMT
 

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London, Shawwal 16, 1436, Aug 1, 2015, SPA -- Witnesses say a display plane has crashed during a car and music show in northwest England. There was no immediate word on the condition of the pilot or injuries among spectators. The plane went down Saturday during CarFest at Oulton Park, a motor-racing...
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Yangon, Shawwal 16, 1436, Aug 1, 2015, SPA -- Heavy rains in Myanmar have caused more flooding and left nine people dead, devastating several townships and forcing more than 18,000 people into temporary shelters, officials said Saturday. Much of the country has been hit by flooding and landslides...
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New Delhi, Shawwal 16, 1436, Aug 1, 2015, SPA -- At least 20 people died in a landslide triggered by heavy monsoon rains in north-eastern India, police said Saturday. The deaths occurred at a village in Manipur state's Chandel district, dpa quoted regional police chief Hirojit Singh...
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Amman, Shawwal 16, 1436, Aug 1, 2015, SPA -- Jordan's Minister of Foreign Affairs Nasser Judeh and Oman's Foreign Minister Youssef Bin Alawi Abdullah Saturday discuss Jordanian-Omani ties and challenges facing the Middle East. During the talks, the top diplomats agreed on the need...
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Islamabad, Shawwal 16, 1436, Aug 1, 2015, SPA -- Pakistan's Army Chief of Staff Gen. Rachel Sharif met here today with US Special Envoy for Pakistan and Afghanistan Daniel Feldman. During the meeting, they discussed the security situation in the region as well as the ongoing cooperation...
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