Archive for September 28th, 2009

Oil rises toward $67, eyes equities, Iran (Reuters)

Oil rose more than 1 percent toward $67 a barrel on Monday as U.S. equities jumped and news emerged that Iran was test-firing missiles.

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The period of insane market volatility is over (CNNMoney.com)

Wall Street will celebrate a not-so-happy anniversary on Tuesday.

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Oil rises ahead of economic reports (AP)

Oil prices rose Monday, rebounding after an earlier drop as the dollar lost ground and investors waited for more clues on the strength of the U.S. economic recovery.

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Ohio AG takes lead role in Bank of America lawsuit (AP)

Bank of America Corp. executives improperly concealed billions of dollars in losses and billions in bonuses paid by Merrill Lynch before a shareholder vote on their proposed merger, Ohio’s attorney general argued in a class-action securities lawsuit he described as among the largest in history.

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Corporate takeover news lifts Wall Street (Reuters)

U.S. stocks rose on Monday, halting a three-day losing streak, as a spurt of corporate takeovers in the technology and healthcare sectors fueled optimism about share values.

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Religious life won’t be the same after downturn (AP)

Organized religion was already in trouble before the fall of 2008. Denominations were stagnating or shrinking, and congregations across faith groups were fretting about their finances.

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Project is tracking economy in NH’s North Country (AP)

A new project tracking the economy in New Hampshire’s isolated North Country will provide more precise information about the region to interested businesses, families, charities and lawmakers, Plymouth State University officials said Monday.

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Aetna Announces Coverage For H1N1 Vaccinations (Business Wire)

HARTFORD, Conn.—-Aetna announced today that it will provide first-dollar coverage for the administration of the H1N1 flu vaccine for all of its fully-insured health plan members, and for all members of self-funded plans unless directed otherwise by the plan sponsor.

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Fitch Affirms Greenfield Union School District, Kern County, CA’s GOs at ‘A+’; Outlook Stable (Business Wire)

SAN FRANCISCO—-In the course of routine surveillance, Fitch Ratings affirms the ‘A+’ rating of Greenfield Union School District, Kern County, California’s $18.6 million of outstanding general obligation bonds.

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Movers roundup: Techwell, FairPoint Communications (AP)

Shares of Techwell Inc. briefly jumped to a 52-week high after an analyst upgraded the chip designer following the company’s improved third-quarter guidance.

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