Archive for July 27th, 2009

Stocks edge higher on mixed signs about economy (AP)

Investors are still building on a stock market rally even when the news isn’t all great. Stocks edged higher after zigzagging in subdued trading Monday on mixed reports about the economy and corporate earnings.

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Fitch Rates West Contra Costa USD, California’s $120MM GOs ‘A-’; Outlook Negative (Business Wire)

SAN FRANCISCO—-Fitch Ratings assigns an ‘A-’ rating to West Contra Costa Unified School District , California’s $120 million 2009 general obligation bonds, consisting of election of 2005, series C, and election of 2005, series D .

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Minnesota’s small-grain crops advance (AP)

Minnesota’s small-grain crops are ripening but development remains behind the five-year average. In its weekly crop report for Minnesota, the U.S. Department of Agriculture says 24 percent of spring wheat was ripe as of Sunday, a 10-percentage-point increase over a week earlier.

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Task force head says gov’t wants to sell car stock (AP)

The federal government plans to sell its shares in General Motors Co. and Chrysler Group LLC as soon as it can, the head of the autos task force told a congressional panel Monday.

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To ease price swings, US may limit energy trading (AP)

Critics say federal regulators have long let speculation in energy markets inflict financial pain: triggering wild price swings, hurting gasoline wholesalers, damaging airlines and squeezing consumers.

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CF Industries Holdings, Inc. Reports Net Earnings Of $213.0 Million, Or $4.33 Per Diluted Share, For Second Quarter 2009 (Business Wire)

DEERFIELD, Ill.—-CF Industries Holdings, Inc. :

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Owens & Minor 2nd Quarter 2009 Revenue Tops $2 Billion with Strong Operating Earnings & Cash Flow (Business Wire)

RICHMOND, Va.—-Owens & Minor today reported financial results for the second quarter ended June 30, 2009, including record quarterly revenue of $2.01 billion, improved 13.7% when compared to revenue of $1.77 billion in the second quarter of 2008.

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Nearly 10 percent of health spending for obesity (AP)

Obesity’s not just dangerous, it’s expensive. New research shows medical spending averages $1,400 more a year for an obese person than for someone who’s normal weight.

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Rent-A-Center, Inc. Reports Second Quarter 2009 Results (Business Wire)

PLANO, Texas—-Rent-A-Center, Inc. , the nation’s largest rent-to-own operator, today announced revenues and earnings for the quarter ended June 30, 2009.

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Obama declares new era of cooperation with China (AP)

President Barack Obama declared a new era of “cooperation, not confrontation” with China on Monday, even though two days of high-level talks were not expected to resolve differences over the two nations’ yawning trade gap and China’s unease over soaring U.S. budget deficits.

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