Archive for August, 2009

Broadway Federal Bank Receives $696,589 from the U.S. Treasury’s Bank Enterprise Award Program (Business Wire)

LOS ANGELES—-Broadway Federal Bank received a $696,589 Bank Enterprise Award from the Community Development Financial Institutions Fund , a department of the U.S. Treasury. Broadway is a community bank operating in the Los Angeles area that was recognized for the first time by the CDFI Fund for its record of community development lending and investing and commitment to financial literacy.

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Fitch Rates Missouri Highways & Transportation $600MM Bonds ‘AA-’; Outlook Stable (Business Wire)

NEW YORK—-Fitch Ratings assigns an ‘AA-’ rating to approximately $600 million Missouri Highways and Transportation Commission federal reimbursement state road bonds, series A & B 2009.

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Stocks end strong month with a bout of selling (AP)

After giving the stock market a big gain during August, investors still worried about the economy backtracked the final day of the month.

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Business Highlights (AP)

The Walt Disney Co. is buying Marvel Entertainment Inc. for $4 billion in cash and stock, bringing such characters as Iron Man and Spider-Man into the family of Mickey Mouse and WALL-E.

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Movers roundup: Citigroup, E-Trade (AP)

Shares of Citigroup Inc. fell more than 4 percent after the financial magazine Barron’s suggested the stock’s rise above the $5-a-share mark may have been overdone.

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Huntsman, Walt Disney, Shaw Group are big movers (AP)

The following stocks were among those that moved substantially or traded heavily Monday on the New York Stock Exchange: NYSE:

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Lehman shares jump in over-the-counter trading (AP)

Shares of Lehman Brothers Holdings Inc. jumped in over-the-counter trading Monday despite analysts warnings that prices will eventually dwindle down to nothing.

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Wall Street slips on China sell-off; energy, banks slide (Reuters)

U.S. stocks fell on Monday as concerns about the global economy’s health weighed on Wall Street following a sell-off in Chinese equities.

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Citigroup shares fall on Barron’s story (AP)

Shares of Citigroup Inc. fell more than 4 percent on Monday after the financial magazine Barron’s suggested the stock’s rise above the $5-a-share mark may have been overdone.

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Disney to acquire Marvel in $4 billion deal (Reuters)

Walt Disney Co on Monday agreed to buy Marvel Entertainment Inc for $4 billion in the biggest media deal of the year, banking on Marvel’s roster of superheroes to broaden its lineup of movie franchises that appeal to boys.

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