Archive for June 11th, 2009

Airline passengers could get a 1-2-3 punch (AP)

Corporate travel and ticket sales of premium seats are down. Overall demand is weak. And fuel prices are rising — again. The one-two-three punch could be bad news for consumers this fall, as airlines face pressure to raise fares or cut more capacity to cover their costs.

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Claims dismissed against Aurora Organic Dairy (AP)

A federal judge has dismissed consumer lawsuits alleging milk bought from Aurora Organic Dairy didn’t meet standards for being labeled organic.

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Americans’ wealth drops $1.3 trillion (CNNMoney.com)

Americans saw $1.3 trillion of wealth vaporize in the first quarter of 2009, as the stock market and home values continued to decline, according to a government report released Thursday.

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CORRECTING and REPLACING Eliot Spitzer to Appear on THIRTEEN’s It’s the Economy, NY, June 18 (Business Wire)

NEW YORK—-Subheadline of release should read: Other Guests Include Mayor Bloomberg And President of Hearst Magazines Cathie Black

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State seeks federal help for Delaware autoworkers (AP)

State officials expressed optimism about getting federal help for Delaware’s automobile workers after meeting Thursday with representatives of the Obama administration.

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State seeks federal help for Del. autoworkers (AP)

State officials expressed optimism about getting federal help for Delaware’s automobile workers after meeting Thursday with representatives of the Obama administration.

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Exxon brought in on Alaskan pipeline project (AP)

Exxon Mobil will partner with TransCanada to help build a massive pipeline capable of bringing natural gas from Alaska to the lower 48 states, the companies said Thursday.

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CDC shares jump on video game revenue (AP)

CDC Corp. said Thursday it has seen a 45 percent rise in average daily revenue from its multiplayer online game “Yulgang” since the latest update for the game was released.

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Citi Trends shares rise on upgrade (AP)

Shares of Citi Trends Inc. rose on Thursday after an analyst said the retailer, which focuses on urban apparel, has the potential to double its store base and upgraded the stock.

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Homebuilder shares fall on foreclosure report (AP)

Shares of the nation’s homebuilders slid Thursday afternoon after a report showed May home foreclosure rates remained at elevated levels, causing one analyst to speculate that surging unemployment and rising interest rates could cripple chances of a quick housing recovery.

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