Archive for June 23rd, 2009

Stocks close mixed as investors wait on the Fed (AP)

Investors are holding off making big moves while they wait for the Federal Reserve. Stocks ended little changed Tuesday, a day after the major indexes had their worst day in two months.

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Business Highlights (AP)

Nationwide home sales may have finally hit bottom, new data shows, but a host of thorny problems are hindering any recovery.

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Oracle software sales beat forecasts, shares rise (Reuters)

Oracle Corp’s quarterly earnings beat market expectations as profit margins hit a record high and software sales fell less than anticipated, sending its shares up 2.5 percent.

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TJX reaches settlement with states on data theft (AP)

The parent company of retailers T.J. Maxx and Marshall’s will pay $9.75 million in a settlement with multiple states related to a massive data theft that exposed tens of millions of payment card numbers.

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S&P gains on bargain hunting, but Boeing hits Dow (Reuters)

The S&P 500 rose on Tuesday as investors hunted for bargains a day after a steep sell-off, but another delay for Boeing’s 787 Dreamliner kept the Dow in the red.

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Boeing, Boston Scientific, Huntsman are big movers (AP)

Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and Nasdaq Stock Market: NYSE:

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Sector Snap: Airline shares lose more ground (AP)

Airlines shares lost ground again on Tuesday, as the broader market moved lower. The AMEX Airline Index lost about 2 percent, with 10 of 13 component stocks lower.

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ConAgra shares rise as analyst boosts rating (AP)

Shares of ConAgra Foods Inc. rose Tuesday after an analyst upgraded the food maker to “Buy” from “Neutral,” citing greater promotional activity and moderating input inflation.

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CapitalSource shares rise on upgrade (AP)

Shares of commercial lender and money manager CapitalSource Inc. rose more than 5 percent Tuesday after it was upgraded to “Buy” by a UBS Investment Research analyst.

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Terex shares rise as analyst upgrades manufacturer (AP)

Shares of Terex Corp. jumped Tuesday as an analyst upgraded the heavy equipment manufacturer, saying the stock has reached a reasonable value after pulling back since late May.

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