Archive for February 8th, 2010

Stocks trade mixed as European debt woes remain (AP)

Stocks traded mixed Monday as investors remained wary about the strength of the economic recovery and mounting debt in Europe.

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Analyst upgrades Disney as economy improves (AP)

An analyst upgraded Walt Disney Co. on Monday, citing an improving economy that should give a lift to its business. But he also warned that the entertainment company’s earnings will lag its peers due to weakness in its film studios and theme parks.

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CORRECTING and REPLACING Certain DWS Closed-End Funds Declare Monthly Distributions (Business Wire)

NEW YORK—-The Prior Dividend figures in the last column of the table were incorrect.

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Pa. gov’s budget to pack big boost in school aid (AP)

When Ed Rendell delivers his annual budget speech for the last time Tuesday, the Pennsylvania governor known for bringing a kitchen-sink full of priorities is expected to outline a narrower set of goals.

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Wyoming lawmakers prepare to craft tighter budget (AP)

After nearly a decade of runaway budget surpluses fueled by Wyoming’s last energy boom, state lawmakers now are in a distinctly more somber mood as they gather in Cheyenne this week to start crafting a budget for what experts predict will be a lean next couple of years.

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Analysis: Very slow job growth may be ahead in La. (AP)

When it comes to good news about the Louisiana economy, there basically isn’t any if one is among the 46,900 residents who lost their jobs in 2009. And how soon they will be able to find employment is a huge question mark after the first month of 2010.

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THE INFLUENCE GAME: Toyota’s powerful DC friends (AP)

The lawmakers now investigating Toyota’s recall include a senator who was so eager to lure the Japanese automaker to his state that he tramped along through fields as its executives scouted plant sites, and a congresswoman who owes much of her wealth to a Toyota supplier.

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Sector Snap: Airline stocks mostly up (AP)

Shares of the leading U.S. airlines were mostly higher in midday trading Monday as the broader market wavered. The Amex airlines index was recently up 1.5 percent, with nine of its 13 components higher.

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Hasbro optimistic about 2010; shares soar (Reuters)

Hasbro Inc posted a much stronger-than-expected quarterly profit and said the momentum in its games and its toys for boys would help 2010 profit and revenue rise, sending its shares up nearly 14 percent.

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S&P, Nasdaq rise, but debt worries limit gains (Reuters)

U.S. stocks edged higher on Monday as several bellwether shares rose on brokerage upgrades and comments about improving economic conditions, though persistent worries about euro zone sovereign debt problems limited gains.

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