September 03, 2009 13:00 ET Reports Strong Market Movers: Oracle Corp, Costco Wholesale Corp, CitiGroup Inc, Sun Microsystems

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The global recession is coming to an end faster than first thought a few months ago and may already be over according to the OECD (Organization for Economic Co-operation and Development) on Thursday. Stocks in China rose the most in six months, driving the yen and Treasuries lower, on speculation the Chinese government will adopt measures to boost equities after the Shanghai Composite Index had fallen into a bear market. The European Central Bank left interest rates at a record low and which may signal the ECB is in no rush to withdraw emergency stimulus measures as the economy shows signs of recovering.

Oracle Corp.'s $7.4 billion acquisition of Sun Microsystems Inc. was put on hold as the European Commission opened an in-depth investigation of the deal two weeks after U.S. regulators approved the deal. Oracle shares were off $.27 to $21.50 while Sun Microsystems were down $0.19 to 9.13 at noon. Costco shares were up more than 8% to $54.87 and Citigroup Inc was up at noon.

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