Stock futures point to modestly lower opening
NEW YORK (AP) _ Stocks are set to continue their slide as the dollar
is strengthening, and after a week of mixed economic reports. Futures
are modestly lower.
Overseas, Asian markets declined, but European markets rose
modestly ...Read More
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D.R. Horton fiscal 4th-quarter loss narrows
FORT WORTH, Texas (AP) _ D.R. Horton Inc. says its loss in its
fiscal fourth quarter narrowed despite a plunge in revenue as the
homebuilder wrote down fewer costs.
The loss for the quarter ended in September was $231 ...Read More
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J.M. Smucker 2nd-quarter profit more than doubles
ORVILLE, Ohio (AP) _ J.M. Smucker says its second-quarter profit
more than doubled on growth from its Folgers acquisition and as
consumers eat at home more.
The nation's top maker of jams and jellies and producer of Jif
peanut butter also raised its 2010 profit guidance ...Read More
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Venezuela government intervenes in 4 banks
CARACAS, Venezuela (AP) _ Venezuela's government has taken over
management of four private banks, citing noncompliance with banking
regulations.
Finance Minister Ali Rodriguez announced the government has
intervened in the small banks Canarias, Confederado, Bolivar and
Banpro after determining they were not complying with various
regulations ...Read More
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Stocks futures indicate lower opening
NEW YORK (AP) _ Stock futures are pointing toward a lower opening
following the lead of overseas markets and ahead of a weekly report
on unemployment.
Investors looking for a signs of an improving economy will focus
Thursday on the Labor Department's weekly unemployment report ...Read More
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AP Poll: Support for curbs on malpractice lawsuits
WASHINGTON (AP) _ An Associated Press poll says most Americans want
Congress to deal with malpractice lawsuits driving up the cost of
medical care.
Yet, Democrats are reluctant to press forward on an issue that would
upset a valuable political constituency _ trial lawyers _ even if
President Barack Obama says he's open to changes ...Read More
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Sears posts 2nd consecutive quarterly loss
HOFFMAN ESTATES, Ill. (AP) _ Sears Holdings lost money for the
second consecutive quarter as customers spent elsewhere despite a
series of early holiday season promotions designed to bring them back
to the retailer's brands ...Read More
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Starwood Hotels to move HQ from New York to Conn.
STAMFORD, Conn. (AP) _ Starwood Hotels & Resorts Worldwide Inc. says
it will move its headquarters from White Plains, N.Y., to Stamford,
Conn., in January 2012, with the help of millions of dollars in
incentives from the state of Connecticut ...Read More
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