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Post by bot on Nov 8, 2011 22:37:55 GMT -5
Italy's PM Silvio Berlusconi to resign: reports from MarketWatch.com - MarketPulse SAN FRANCISCO (MarketWatch) -- Italian Prime Minister Silvio Berlusconi plans to resign after the country's 2012 budget is approved, according to media reports Tuesday, citing the office of Italy's president. Earlier, Berlusconi had lost his majority during a key parliamentary vote, increasing the likelihood of a confidence vote or resignation. U.S. stocks swung to positive territory with financial stocks leading the way following the news. The Dow Jones Industrial Index rose 0.4%, the S&P 500 Index advanced 0.6%, and the Nasdaq Composite Index grew by 0.7%.
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