Losses Top Gains as Market Slumps in Heavy Trading
Wall Street opened amid disconcerting economic and military news as the Dow fell 10.69 to 836.64, marking its steepest drop since November. Volume reached 10.8 million shares with losses led by major names and several low-priced issues showing strength.
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Business News Blamed for Worst Loss in 3 Months
A sharp drop on the New York Exchange marked the worst three month loss as traders reacted to shifting policy signals and earnings concerns. Analysts cited market-wide declines spanning several sectors and pressure on energy and financial stocks.
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Business News
Tax help boom grows with IRS backed services
A New York AP report outlines a thriving income tax information industry driven by individuals and firms paying for forms and filing help. It notes 80,000 professional practitioners, 5 to 30 million returns handled, and growing chains, with many tax preparers operating in varied retail settings. The piece also highlights loose leaf codes from publishers aiding updates and the rise of computer prepared tests as tax complexity expands.
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Woman Fined 103 for Pike Speeding and License Violation
Rosalie Crisper, 30, of 708 Trumbull Avenue, pleaded guilty in Circuit Court to speeding 90 to 160 mph on the Connecticut Turnpike January 30 and failing to carry her driving license. Judge George Wise fined $100 for speeding and $3 for the license violation after police pursued the eastbound vehicle from exit 19 to exit 24 at high speed.
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