Archive for December 20th, 2012

Nike 2nd quarter net income falls

December 20, 2012
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BEAVERTON, Ore. (AP) — Nike says its second-quarter net income fell 18 percent as the European economy remained weak and growth slowed in China. But the results topped Wall Street expectations and Nike’s stock rose more than 4 percent in aftermarket trading.
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News Summary: NYSE plans a sale, Scholastic slips

December 20, 2012
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A CHRISTMAS MIRACLE?: In Washington, hopes faded that Republicans and Democrats would work out a budget compromise before Christmas. If they don’t reach a deal before the end of the month, higher taxes and government spending cuts will kick in.
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Midwest storm sparks 25-vehicle crash

December 20, 2012
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DES MOINES, Iowa (AP) — The first widespread snowstorm of the season began a slow crawl across the Midwest on Thursday, creating treacherous driving conditions that, in Iowa, led to a 25-vehicle pileup that killed one person.
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Daily funerals a sad routine in Newtown

December 20, 2012
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NEWTOWN, Conn. (AP) — A season that should be a time of joy has been marked by heart-wrenching loss in Newtown, as more victims from the massacre of 20 children and six adults are laid to rest.
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ConAgra 2Q profit rises 17 pct on acquisitions

December 20, 2012
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OMAHA, Neb. (AP) — ConAgra posted a 17 percent rise in net income for the second quarter Thursday after a $5 billion acquisition this year of Ralcorp.
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Wall Street opens flat on "cliff" deadlock

December 20, 2012
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NEW YORK (Reuters) – Stocks opened little changed on Thursday amid uncertainty over fiscal talks as President Barack Obama threatened to veto a controversial Republican plan, suggesting a deal wouldn’t come as soon as many investors had hoped.
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Newtown residents ready to step out of media glare

December 20, 2012
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Newtown residents ready to step out of media glare

Hundreds of reporters from around the world converged on Newtown, Conn., after the shooting at Sandy Hook Elementary …NEWTOWN, Conn.– Message to the media: It’s time to go away.
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Midwest hit by its first major snowstorm of season

December 20, 2012
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DES MOINES, Iowa (AP) — The Midwest‘s first major snowstorm of the season was sweeping across several states early Thursday, shuttering schools, creating treacherous roadways and threatening to slow down one of the nation’s busiest airports ahead of the holiday weekend.
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Asian shares slip as US budget talks sour, BOJ eases

December 20, 2012
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TOKYO (Reuters) – Asian shares retreated from near 17-month highs on Thursday and commodities fell as negotiations to avert a U.S. fiscal crunch turned to personal taunts, putting at risk a timely solution as well as the health of the world’s largest economy.
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TEXT-S&P summary: Tokio Marine Life Insurance Singapore Ltd.

December 20, 2012
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(The following statement was released by the rating agency) Dec 20 -
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