Archive for August 26th, 2009

Oil falls towards $71 on U.S. stockbuild; China eyed (Reuters)

Oil fell toward $71 on Thursday, extending losses by more than $3 after touching a 10-month high this week, as rising crude and diesel stocks eclipsed healthy economic data from the United States and Europe.

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3,900 stimulus checks went to prison inmates (AP)

The federal government sent about 3,900 economic stimulus payments of $250 each this spring to people who were in no position to use the money to help stimulate the economy: prison inmates.

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Research and Markets: The Chinese Hospital Pharmaceutical Market Outlook To 2014: Policy Environment, Healthcare System, Market Structure, Competitive Landscape, Growth Opportunities (Business Wire)

DUBLIN—-Research and Markets has announced the addition of the “The Chinese Hospital Pharmaceutical Market Outlook To 2014: Policy Environment, Healthcare System, Market Structure, Competitive Landscape, Growth Opportunities” report to their offering.

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3,900 US stimulus checks went to prison inmates (AP)

The federal government sent about 3,900 economic stimulus payments of $250 each this spring to people who were in no position to use the money to help stimulate the economy: prison inmates.

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E-18 Corp. Engages Trilogy Capital Partners to Lead Financial Communications (Business Wire)

MINNEAPOLIS—-E-18 Corp. today announced that its wholly owned subsidiary SquareOne Medical, Inc., doing business as Protectus Medical Devices , has engaged Trilogy Capital Partners to lead the Company’s financial marketing and investor relations initiatives.

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Northern Trust buys back warrants to exit TARP (AP)

Northern Trust Corp. said Wednesday it paid $87 million to repurchase a stock warrant issued to the federal government last fall, completing the final step to exit the Treasury Department’s bank rescue program.

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Agric. Secretary assesses Calif. water problems (AP)

U.S. Secretary of Agriculture Tom Vilsack promised California farmers Wednesday he’ll press for solutions to the water crisis hitting the state’s San Joaquin Valley, one of the most prolific farm regions in the world.

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Northrop Grumman gets $3.44B Air Force deal (AP)

Northrop Grumman Corp., the nation’s second largest defense contractor, received a $3.44 billion contract from the Air Force to provide services for the B-2 weapon system, the Pentagon said late Wednesday.

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Energy companies want to buy closed Ford plant (AP)

Two alternative energy companies planning to buy a closed Ford Motor Co. factory near Detroit want to convert it into the country’s largest renewable energy park, with at least 2,800 workers building storage batteries, solar panels and possibly wind turbines.

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Stocks eke out small gains, Dow higher for 7th day (AP)

The stock market is running out of reasons to go higher. After rocking between gains and losses Wednesday, the Dow Jones industrials managed to rise for a seventh straight day, marking another high for the year.

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