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Weekly Market Wrap: October 31, 2014 By Clip Syndicate The forty-fourth trading week of 2014 comes to a close with the S&P 500, NASDAQ composite and Dow Jones all higher in early-afternoon trading on Friday. Most actively traded stocks include Groupon (GRPN) up 20.3%, Bank of America (BAC) higher by 0.65%, American Realty Capital (ARCP) down 4%, Facebook (FB) up 1.2% and Intel (INTC) higher by 3.8%. ...Read More »
Friday Sector Laggards: Precious Metals, Oil & Gas Exploration & Production Stocks By Clip Syndicate In trading on Friday, precious metals shares were relative laggards, down on the day by about 4%. Helping drag down the group were shares of Kinross Gold (KGC), off about 10.4% and shares of Almaden Minerals (AAU) down about 9.7% on the day. ...Read More »
AbbVie Says Strong Results Lessen Need For Big Deal By Clip Syndicate AbbVie, which this month abandoned its planned $55 billion purchase of Dublin drugmaker Shire reported impressive quarterly earnings on demand for its Humira arthritis drug and said it could deliver strong long-term growth without rushing into another big merger attempt. The Chicago drugmaker, which significantly boosted its full-year earnings forecast, said it had earned $506 million, or 31 cents per share, in the third quarter. ...Read More »
Dow Movers: CVX, INTC By Clip Syndicate In early trading on Friday, shares of Intel (INTC) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.7%. Year to date, Intel registers a 28.9% gain. ...Read More »
Chevron Quarterly Profit Jumps 13 Percent By Clip Syndicate Chevron said on Friday its quarterly profit rose 13 percent as lower crude oil prices boosted its refinery operations, helping to offset sagging results in its oil and gas production. The company posted net income of $5.59 billion, or $2.95 per share, compared with $4.95 billion, or $2.57 per share, in the year-ago period. Production fell nearly 1 percent to 2.57 million barrels of oil equivalent per day as new wells failed to offset declines at old wells.

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Hungary Suspends Internet Tax After Huge Protests By Clip Syndicate Hungary's prime minister says the government will suspend a planned tax on Internet usage and reconsider the matter next year after backlash. Two protests within the past week attended by tens of thousands of people were sparked by a scheme to make Internet service providers pay $0.62 per gigabyte of Internet traffic, later proposed to be capped at different monthly rates for individual and business users. ...Read More »
Continental AG CEO Says Audi Recall No Threat To Guidance By Clip Syndicate Continental said a fault with airbags installed at premium sportscar maker Audi could cost a double-digit million euro amount to fix, a sum which the German automotive supplier could absorb without revising its earnings guidance. "We are the supplier of the system", Continental's Chief Executive Elmar Degenhart told journalists in Munich on Thursday evening, in remarks which were embargoed for Friday. ...Read More »
Futures Rally After BOJ Ramps Up Stimulus By Clip Syndicate U.S. stock index futures rallied on Friday after the Bank of Japan significantly ramped up its stimulus program just days after the U.S. Federal Reserve wound down its own package of economic incentives. * The BOJ's board voted 5-4 to accelerate purchases of Japanese government bonds, increasing its holdings at an annual pace of 80 trillion yen, or $723.4 billion, while tripling its purchases of exchange-traded funds and real-estate investment trusts.

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Uptown Normal Projects Continue to Boost Local Economy By Clip Syndicate A recent study by Good Jobs First says Normal is helping to revitalize the construction industry. ...Read More »
US Stocks Are Mixed In Midday Trading By Clip Syndicate U.S. stocks drifted in Thursday trading as a parade of big companies turn in quarterly results. The Dow Jones industrial average climbed more than 100 points, almost entirely thanks to a strong gain for Visa, the Dow's highest-priced stock. The Standard & Poor's 500 index picked up five points, or 0.3 percent, to 1,988 as of 12:10 p.m. Eastern time. The Nasdaq composite fell four points, a fraction of a percent, to 4,545.

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