Social Security to deliver first raise since 2009
About 55 million beneficiaries are set to receive a 3.5 percent COLA in January, the first increase since 2009. The payment hike will boost average checks by roughly $38 monthly, though higher Medicare Part B premiums may offset gains.
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Washington
Congress
David Certner
AARP
Certner
Social Security Administration
Mark Zandi
Moody’s Analytics
U.S
Barack Obama
Web Phillips
National Committee
Goldman Sachs Posts Fourth Quarter Loss
Goldman Sachs Group Inc reports a 428 million dollar quarterly loss in Q3 as investment banking revenue falls amid wild market swings. Analysts expected worse andMarket volatility raises questions about the firm’s strategy amid a tougher global economy and tighter controls. Chief Financial Officer David Viniar insists the economy and markets will improve, despite ongoing uncertainty.
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New York
Goldman Sachs
Goldman
Wall Street
Goldman Sachs Group Inc
Ken Thomas
David Viniar
Vimar
Grain futures mixed as Wheat rises and oats fall in Chicago
Grain futures on the Chicago Board of Trade were mixed with Wheat for December up to $6.25 a bushel, December corn up to $6.44, December oats down to $3.39, and November soybeans down to $12.51, reflecting varied early activity in the market.
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Chicago
Chicago Board of Trade
Associated Press
Stockyards Peoria Hogs Trading Report Summary
The Associated Press notes moderate activity at the Stockyards Peoria market. Barrows and gilts 230-260 lb bring 60.50 to 61.00. 270-280 lb 59.00 to 60.50. Lows 300-400 lb 54.00. 400-500 lb 54.00. 500-700 lb 56.00. Boars over 300 lb 21.00. under 300 lb 27.00.
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Associated Press
Aescorp
AkSteel
AMD
AlcatelLuc
Alcoa
Bcosantsa
BkofAm
Bknymel
BostonSci
BrMySq
Csxs
Cvscare
Nawuman Ove Wwash Toe
Caterpillar
Jpmorgch
Cemex
Johnin
ChesEng
InprNtwk
CocaCola
Kraft
ConocPhil
Lwsands
Corning
Lennara
CredSuiss
LincNat
DR Horton
Lowes
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Mgmrsts
Macys
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Merck
Discover
MetLife
Disney
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NokiaCp
Duke € Ngy
Patriot Coal
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Pfizer
ExxonMbl
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New normal higher fees take hold at banks
Banks struggle to earn money as rates stay low and new rules curb traditional fees. Citibank plans 20 monthly charges for low balance accounts while debit card fees spread. Wells Fargo, JPMorgan Chase, SunTrust, Regions and others test or impose monthly debit card fees. Anti Wall Street protests amplify anger at banks and fee strategies.
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Bank of America Corp
Barack Obama
Consumers Union
Norma Garcia
Financial Services Program
Citi
Wells Fargo & Co
New Mexico
Nevada
Oregon
Washington
Georgia
Jpmorgan Chase & Co
Wisconsin
SunTrust Banks Inc
Regions Financial Corp
Alabama
Closing Stocks Show Wide NYSE Activity On Tuesday
NYSE listed stocks populate a broad closing table led by Gerdau and Goldman Sachs with mixed moves. Notable movers include Caterpillar and JPMorgan Chase with gains, while Ford Motor and Exxon Mobil press lower. The list covers U.S. banks, techs, energy, and consumer names offering a snapshot of the day’s trading.
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Social Security
BY Stephen Ohlemacher
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