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Fed Beige Book: Price pressures elevated or rising
(Reuters)
Reuters - The pace of U.S. economic activity
slowed somewhat through mid-July and price pressures were
elevated or increasing across the country, the U.S. Federal
Reserve said on Wednesday in a report showing evidence of
inflation warning signs across the country.
Top drug companies' earnings beat forecasts
(Reuters)
Reuters - The world's two biggest drugmakers,
Pfizer Inc and GlaxoSmithKline Plc , both beat
expectations for quarterly earnings on Wednesday, as did Wyeth
, indicating the sector's resilience.
Boeing's profit drops but it sticks to outlook
(Reuters)
Reuters - Boeing Co reported a
bigger-than-expected 19 percent drop in quarterly profit on
Wednesday as it took a charge on a delayed military plane
contract and suffered effects of its troubled 787 Dreamliner
program.
Wall Street edges up as oil drops, financials gain
(Reuters)
Reuters - Stocks rose on Wednesday as financial
shares climbed on hopes lawmakers will approve the rescue plan
for mortgage finance companies Fannie Mae and Freddie
Mac and the price of oil fell.
Creditors say fraud possible in SemGroup collapse
(Reuters)
Reuters - A group of SemGroup LP
creditors on Wednesday raised the prospect that unauthorized
energy trading may have caused the $3.2 billion loss that sank
the 12th-biggest privately held U.S. company.
Waiters pick up part of LongHorn's labor costs
(AP)
AP - With the cost of everything from air conditioning to whipped cream rising, many restaurants have been raising prices. LongHorn Steakhouse is passing on part of the tab to its servers.
Investor's Quiz: Was Pullback To 10-Week Line Proper?
(Investor's Business Daily)
Investor's Business Daily - The company at this time was heavily traded and owned by dozens of mutual funds.
Ethan Allen quarterly profit drops 46 percent
(Reuters)
Reuters - Furniture retailer Ethan Allen
Interiors reported a 46 percent drop in quarterly
profit on Wednesday, hurt by declining sales and charges to
restructure and close some of its design centers.
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