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Commodity Review for June 20th ,2011

Posted by johntrade 246 days ago Business
Stocks are down due to a delay in loans to Greece and now news that Italy's credit rating may be downgraded, which may lead to selling risky assets. Euro zone ministers want Athens to introduce austerity measures before $17 billion in emergency loans is given. The deadline is the middle of July before Greece would default.Ford announced that it is going to spend $1 billion to create a new line of vehicles for its Lincoln line. GE came to a deal with labor unions that covers over 15,000 workers for four years.

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