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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Aug 25, 2016
Page
6
Market activity shows declines in major indices with the Dow and S&P mixed. Equity gauges list thin gains in some sectors while commodities trade with gains in gold and silver, and oil edges higher amid cautious trading on the floor.
Intuit Inc drops 3.99 to 109.85 after forecasts miss expectations. Freeport-McMoRan declines 0.90 to 11.08 as mining stocks fall after Glencore’s disappointing results.
July sales of existing homes dropped 3.2 percent to a 5.39 million seasonally adjusted annual rate, the National Association of Realtors said. Pfizer Inc. continues acquisitions, this time acquiring AstraZeneca's portfolio of antibiotics and antifungals in a deal valued above $1.5 billion after its Allergan merger collapse.
Ford is recalling more than 88 000 cars and sport utility vehicles in North America because a faulty fuel pump can cause the engines to stall without warning. The Associated Press reports the defect could leave drivers stranded and requires dealer repairs.
Hungry Howie's Pizza plans its 20th North Carolina store at Kendrick Crossing in Gastonia, with a takeout only eatery costing about 130000 dollars. The center's 53000 square foot Harris Teeter store nears October opening as exterior signs and vinyl wraps appear.
Dividend footnotes cover extra dividends paid and omitted amounts over the last two months. It details current annual rate changes, declaration status, and stock dividend in kind with approximate value. Notes indicate a closed end fund with no price‑earnings ratio and potential P/E over 99.
The Obama administration signaled a phaseout of certain private prisons, triggering a selloff among investors. Geo Group and Corrections Corp of America saw shares tumble over 30 percent on August 18 as markets digested the policy move.
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