Market Movers and Legal Rulings Highlight Tobacco Settlement
Market movers show Range Resources up as cold weather boosts gas prices while Hunt Transportation shares slip on weak Q4. Florida court orders Reynolds to continue tobacco settlement payments amid Imperial Tobacco acquisition, ensuring state owed funds. Bondi sees ongoing obligations despite brand sales.
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Bondi
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Reynolds
Imperial Tobacco Group
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Reynolds American Inc
Jobless aid hold steady as Obamacare signups dip
Applications for unemployment benefits remained at 245,000 while the four week average rose to 237,750. HealthCare.gov signups dipped slightly to 8.7 million for next year, with 80,000 fewer enrollments than initial counts but near last year’s level. The AP reports.
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Labor Department
HealthCare.gov
Centers For Medicare and Medicaid Services
Stocks close up as Dow hits new record high
U S stock indexes posted a modest gain on Thursday lifting the Dow Jones industrial average to a fresh intraday high ahead of year end trading. Financial shares led gains as rising bond yields boosted banks while natural gas and crude prices moved higher. The S P 500 rose to 2687.54, the Dow to 24837.51, and Nasdaq reached 6950.10 with broad gains muted by consumer goods lag.
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Downtown Gastonia cheesesteak shop to close doors
Howard's Sandwich Shop owners Marcel and Alice Walker announce closing their nine month Gastonia location on West Main Avenue and relocating to Delaware to start a similar concept. Walker cites numerous variables, permitting confusion, opening-hour issues, and negative online reviews as factors in the decision. The Walkers plan to vacate by March 1 after a brief final closure.
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Howard's Sandwich
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Marcel Walker
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Eastridge Mall
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Concord
Homebuilders Optimistic as 2018 Growth Outlook Improves
Builder sentiment rises to the strongest since 1999 with housing starts and new home sales expected to grow about 10 percent in 2018. JP Morgan analysis and NAHB data suggest 2018 and perhaps 2019 will show continued strength, supported by improving core fundamentals for the housing market.
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U.S
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