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Stock market sinks amid fears over emerging markets

US stocks opened sharply lower Friday amid persistent worries over emerging market economies and a handful of earnings disappointments by US companies. About 40 minutes into trade, the Dow Jones Industrial Average tumbled 180.40 points (1.14 percent) to 15,668.21. The broad-based S&P 500 fell 15.47 (0.86 percent) to 1,778.72, while…

Toyota net profit tumbles 99% in April-June

Japan’s Toyota Motor on Tuesday said net profit plunged 99 percent in April-June on the impact of the March disasters, but raised its full year net profit forecast 39 percent on recovery hopes. The world’s biggest automaker stumbled to a net profit of 1.16 billion yen ($14.9 million) in the…

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