Daily Archives: August 29, 2012

Sears Ousted from S&P 500

Troubled retailer Sears Holdings (NASDAQ: SHLD), which was formed by a 2005 merger of Sears and Kmart, was thrown out of the S&P 500 as of  September 4. It will be replaced by ...
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Fed’s Beige Book Describes Gradual Growth

The U.S. economy expanded “gradually” in July according to today’s release of the Federal Reserve’s Beige Book. The expansion included most regions of the country and sectors of the economy, ...
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Profiting from the U.S. Drought

Higher commodities prices and payments to farmers who purchased crop insurance have led the U.S. Department of Agriculture to conclude that total farm profits will rise this year to $122.2 ...
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24/7 Wall St. Closing Bell — August 29, 2012: Markets Rise on Slim Economic News (WPI, SCHN, IBM, BIDU, IDXX, TFM, GCO, HNZ, ISLE, JASO, JOY, YGE, ZLC, LTRX, P, TIVO, VRA, TD, YELP, MCP, NOK)

The three major U.S. stock indexes opened slightly higher this morning following an upward revision to the U.S. second quarter GDP growth reading to 1.7%, above the 1.5% preliminary reading ...
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Chinese Firm Files for Approval to Buy Canadian Oil & Gas Company

When China’s Cnooc Ltd. (NYSE: CEO) made its offer of $15.1 billion to acquire Canada-based Nexen Inc. (NYSE: NXY), the offer quickly brought to mind Cnooc’s failed 2005 $18.5 billion ...
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U.S. Borrowers Getting Better at Managing Debt

Ever since the financial crisis of 2008-2009, U.S. households have borrowed less and paid debt more quickly than in the years before the crisis. Between 2000 and 2007, Americans were ...
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Internet Music Still Dances to Big Labels’ Tune (SIRI, P, SNE, AAPL, AMZN, GOOG)

Internet music services are stuck in a period of relatively quiet turmoil as the companies deal with rising content costs and fierce competition with one another and with some very ...
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New Car Sales on Upswing (GM, F, TM, HMC)

In 2011, new car and light truck sales in the U.S. came in at about 13 million units sold. According to TrueCar.com, forecast sales for August put new light vehicle ...
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If You Like Your Job, You’re in the Minority

Almost 60% of Americans would change careers according to a recent survey conducted by Yahoo! Finance and Parade magazine. That’s just one of a number of startling results: Most Americans ...
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Apple Store Specialists Now Online

Apple Inc. (NASDAQ: AAPL) has launched a new online service that allows potential iPhone or iPad customers to ask questions of an Apple Store specialist. "You can talk directly to ...
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Crude Inventories Rise, Price Slips

The U.S. Energy Information Administration (EIA) released its weekly petroleum status report this morning. U.S. commercial crude inventories rose by 3.8 million barrels last week, bringing the total U.S. commercial ...
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The Best Paying Jobs You Can Get With a High School Diploma

Having a college education dramatically improves one’s chances of finding employment, a recent report released by Georgetown University shows. Also, those with just a high school diploma, according to the ...
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Reality Sets In for Nokia and RIM After Patent-Boost Fades

    Apple Inc. (NASDAQ: AAPL) won a decisive patent case victory over Samsung, and it is no surprise that Apple is asking that at least eight Samsung products not ...
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Today’s Market Winners and Losers

Stocks are up slightly Wednesday, with the Dow Jones Industrial Average up 0.02%, the Nasdaq up 0.03% and the S&P 500 up 0.07%. Today's big winner is a retailer who ...
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Pending Home Sales Jump to Two-Year High

The National Association of Realtors (NAR) this morning released its data on pending home sales in July. The index rose from 99.3 in June to a two-year high of 101.7. ...
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