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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
Mar 08, 2016
Page
6
Pier 1 Imports rose 1.60 to 7.08 after stronger than expected fourth quarter sales. Chevron gained 2.74 to 90.67 as oil prices continued a weekslong recovery.
U S consumers increased borrowing by 10.5 billion in January at a 3.58 percent annual rate, the slowest pace in nearly three years. Revolving debt such as credit cards declined from December while total borrowing reached 3.54 trillion dollars per Federal Reserve data released Monday.
Susan Camacho files in Gaston County court asking for access to Joan Fabrics financial records and liquidation. She seeks removal of Elkin McCallum as CEO, appointment of court overseer, jury trial, and more than 25 thousand dollars in damages. Peggy McCallum’s 2014 death and Kerry McCallum’s stake add complexity.
Federal Reserve figures show Stanley Fischer signaling inflation may be edging higher, a potential prerequisite for more rate hikes. Lael Brainard cautions that a stronger job market might not lift inflation amid low oil prices and a strong dollar.
New York state Comptroller Thomas DiNapoli reported that average Wall Street bonuses fell 9 percent last year to 146,200 dollars as industry profits declined 10.5 percent. Revenues weakened especially from trading and underwriting, hitting the lowest profit level since 2011, according to the AP.
A global steel industry downturn driven by China slows US mining towns. In Aurora Minnesota population 1600 the local iron plant closed in 2001 and nearby services vanished with the drug store and grocery store shuttered. Three of Minnesota's six iron mines idle, direct layoffs exceed 2000 and broader losses top 3000 jobs, impacting blue collar wages of 60 thousand dollars.
The page lists a set of footnote codes used in stock tables. It defines a through dd codes such as a extra dividends not included b annual rate plus stock c liquidating dividend e amount declared or paid in last 12 months i various current annual rate adjustments and sums from splits and years k dividends in arrears m rate changes p initial dividend with unknown yield t preceding 12 months plus stock dividend t stock payment value on ex-distribution date q closed end fund no P/E shown oc P/E exceeds 99 and dd indicates loss in last 12 months.
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