Archive for October 5th, 2009

Business Highlights (AP)

The U.S. service sector grew in September for the first time in 13 months, an encouraging sign for the fledgling economic recovery, although jobs remain scarce.

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Sector Snap: Airlines rise on traffic (AP)

Airline stocks rose Monday as three carriers reported that September traffic was higher than a year ago and planes were more full.

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Coach, Dow Chemical, RPM International 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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US OKs rules for canceling erroneous stock trades (AP)

Federal regulators have approved new rules for stock exchanges for nullifying erroneous trades deemed wildly out of sync with current prices.

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Wall St. rises on services data, earnings optimism (Reuters)

Stocks bounced back from a four-day losing streak on Monday, as optimism about upcoming earnings gathered steam and data showed the economy’s critical services sector expanded for the first time since August 2008.

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Hanesbrands shares rise on upgrade (AP)

Shares of Hanesbrands Inc. rose on Monday after an analyst said the company is poised for growth in fiscal 2010 and upgraded the stock to “Strong Buy.”

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Nasdaq seeks comments on corporate governance (AP)

The Nasdaq Stock Market is seeking comments from listed companies and investors regarding corporate governance “best practices.”

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General Dynamics shares rise after analyst upgrade (AP)

Shares of General Dynamics Corp. rose Monday as an analyst upgraded the defense contractor on an anticipated recovery in its Gulfstream private jet business.

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Major business events scheduled for Tuesday (AP)

Major business events and economic events scheduled for Tuesday: WASHINGTON — The Energy Information Administration releases its winter fuels outlook.

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Sector Snap: Banks rise after sector upgrade (AP)

The banking sector got a boost Monday after Goldman Sachs Group Inc. raised its view on large banks to “Attractive” from “Neutral,” saying they are on relatively better footing than regional banks.

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