Archive for December 22nd, 2009

Extended Outage at Seabrook Plant and Poor Wind Resource Will Affect FPL Group’s 2009 Adjusted Earnings (Business Wire)

JUNO BEACH, Fla.—-FPL Group, Inc. said today that an extended outage at the company’s Seabrook Station nuclear power plant and a continuing poor wind resource are exerting downward pressure on the company’s expected 2009 adjusted earnings.

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Stocks rise for 3rd day after jump in home sales (AP)

Stocks pushed higher for a third straight day after a surprisingly strong report on housing provided the latest evidence that the economy is picking up speed.

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Fitch Affirms Redwood City Public Financing Auth, CA Water Revs at ‘A+’; Outlook Stable (Business Wire)

AUSTIN, Texas—-Fitch Ratings takes the following rating action on Redwood City Public Financing Authority, California as part of its continuous surveillance effort:

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Nasdaq seeks info from Koss after shares frozen (AP)

The Nasdaq Stock Market said Tuesday it has changed the status of Koss Corp.’s trading halt to a request for additional information, after the exchange froze trading in the shares Monday on pending news.

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Cintas 2Q down 20 percent, shares fall (AP)

Cintas Corp. said Tuesday that its fiscal second-quarter profit dropped 20 percent as the nation’s high unemployment rate reduced demand for its uniforms and other supplies.

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Business Highlights (AP)

All signs suggest the economic recovery will end the year on firmer footing despite a report Tuesday that the economy grew at a 2.2 percent pace in the third quarter, less than previously thought.

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Movers roundup: Bed Bath & Beyond, Ford (AP)

Shares of Bed Bath & Beyond rose after a Morgan Stanley analyst said the housewares retailer is poised to gain market share during the economic recovery.

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Wall Street advances on optimism about housing sector (Reuters)

The S&P 500 logged another 14-month high on Tuesday as stocks rallied on a surge in existing home sales, which indicated more stabilization in housing and boosted optimism about the economic recovery.

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Investor’s Corner: Buy Stocks Within An Acceptable Zone (Investor’s Business Daily)

A stock needs to be in a buying range before you snap up shares, or your risk increases significantly.

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AMR, KB Home, Ticketmaster are big movers (AP)

The following stocks were among those that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market:

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