Archive for December 15th, 2009

Wall St seen down as inflation fears creep (Reuters)

Wall Street was headed for a lower open on Tuesday as producer prices rose more than expected, igniting fears of inflationary pressures, and a gauge of manufacturing activity in New York state unexpectedly plunged in December.

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Producer prices surge, factory activity slows (Reuters)

U.S. producer prices rose faster than expected in November, while a gauge of manufacturing in the New York state unexpectedly fell this month, creating a potential headache for the Federal Reserve.

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Efforts under way to make Web more accessible (AP)

Imagine not being able to use a mouse to open a Web browser or a keyboard to type an e-mail. What if you couldn’t distinguish colors on a computer screen or type the distorted letters in order to buy concert tickets or enroll in a class?

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Mo. reported inflated food stamp figures to feds (AP)

Missouri acknowledged Monday that it reported inflated numbers of food stamp recipients to the federal government, calling into question millions of dollars of bonuses paid to the state for running one of the nation’s top-flight programs.

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14 Airlines Sign Landmark MOU for Camelina-based Renewable Jet Fuel & Green Diesel (Business Wire)

SEATTLE—-Seattle-based AltAir Fuels today announced it has entered into a Memorandum of Understanding with 14 major airlines from the United States, Mexico, Canada and Germany, led by the Air Transport Association , to negotiate the purchase of up to 750 million gallons of renewable jet fuel and diesel derived from camelina and produced by AltAir Fuels.

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Cabela’s Inc. Announces Successful Completion Of Second Amendment To Its Revolving Credit Facility (Business Wire)

SIDNEY, Neb.—-Cabela’s Incorporated announced today it has successfully completed the second amendment to its Second Amended and Restated Credit Agreement. The amendment allows the Company to contribute up to $225 million of capital to World’s Foremost Bank, the Company’s wholly-owned bank subsidiary, in calendar year 2010 plus up to $25 million of capital in any fiscal year.

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November wholesale inflation up more than expected (AP)

Inflation at the wholesale level surged in November, reflecting price jumps in energy and other products. The bigger-than-expected increase is certain to raise the attention of Federal Reserve policymakers beginning a two-day meeting on interest rates.

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Vermont AG seeks clues on dairy monopoly claims (AP)

Vermont’s attorney general said Monday he wants more information from dairy farmers who say they have been squeezed by milk processors, and that he will review whether to take action or ask federal authorities to investigate the alleged anticompetitive activity.

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Securities Class Action Filings Remain High in Credit Crisis Era (Business Wire)

NEW YORK—-The credit crisis, now in its third year, and related financial sector turmoil continued to fuel new federal securities class action filings in 2009, according to NERA Economic Consulting’s bi-annual report, Recent Trends in Securities Class Action Litigation: 2009 Year-End Update, released today.

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Ahead of the Bell: US Energy shares jump (AP)

Shares of U.S. Energy Corp. climbed in Tuesday premarket trading after the diversified natural resource company said a well in the Williston Basin in North Dakota began initial production.

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