Stocks rally on Microsoft ruling and rate cut
Stocks rise as Wall Street cheers a federal appeals court reversal on Microsoft antitrust findings and a smaller than expected Fed rate cut. The Dow adds 131.37 to 10566.21, with gains across tech and blue chips. Oracle, PMC-Sierra, Alcoa, American Express and Wal-Mart climb while investors await clearer economy signs.
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Wise signs partnership with federal agencies to promote small business growth
Governor Wise signed a pact among SBA West Virginia District Office USDA Rural Development HUD WV Development Office and WV Economic Development Authority to boost small business access to capital and technical help. The ceremony occurred at Tudor's Biscuit World Lavalette with officials citing joint loans and program linking to spur economic growth.
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Jobless claims fall for third straight week
U S Labor Department data show new unemployment claims for the week ending June 23 dropped by 16 000 to 388 000 the lowest since early May. The four week moving average also declined to 416 000. Analysts note slowing job cuts yet warn rate may rise ahead amid earnings pressures and energy costs.
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