Kmart backs Martha Stewart brand after prison sentence
Kmart Holding Co. reaffirmed its loyalty to Martha Stewart Living Omnimedia after Stewart received a five month prison term for lying about a stock sale. The Troy based retailer said MSLO is a valued partner and expects to continue the mutually beneficial relationship. Analysts note Martha Stewart products help differentiate Kmart from Wal-Mart and Target, with surveys showing most former buyers still purchase the line.
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Detroit
Kmart Holding Co
Martha Stewart
Martha Stewart Living
Omnimedia
Kmart
MSLO
Stewart
Wal-Mart
Stocks fall as CPI gains fade, profits worry lingers
Investors shifted from inflation relief to earnings risk after a CPI uptick, sending tech and small cap shares lower and ending a third straight losing week for Dow S&P 500 and Nasdaq. Oil price jumps and geopolitical worries weighed, while core inflation eased and rate hikes faded from immediacy.
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NEW York
Labor Department
Daniel Portanova
Gartmore Separate Accounts LLC
Dow Jones
Standard & Poor
Federal Reserve
Chris Wolfe
J.P. Morgan Private Bank
Grain futures slip as soybeans slide and wheat steadies
In Chicago trading, soybean futures dropped on Friday with corn dipping slightly and wheat unchanged. September wheat ended at 3.33 a bushel, September corn at 2.39, and August soybeans at 7.07 a bushel after declines.
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Chicago
Chicago Board of Trade
Eastern Cornbelt hog carcass prices slip at Stockyards
Eastern Cornbelt carcass prices fell with bids ranging 70.50 to 85.91 per bushel equivalent. Negotiated purchases totaled 12,809 Illinois Direct Hogs. Trading was steady with moderate demand and offerings across weight classes from 300 to over 600 pounds. Boar prices ranged from 35.00 to 40.00 for under 300 pounds and 10.00 to 16.00 for over 300 pounds.
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