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Newspaper
The Gaston Gazette
Location
Gastonia, North Carolina, United States of America
Date
May 06, 2016
Page
6
Weight Watchers International rose 0.36 to 12.88 as it lifted its full year forecast. Fitbit fell 3.22 to 13.88 after posting solid results but signaling higher spending on research, development, and sales.
Belmont Sisters of Mercy and Benedictine Sisters of Virginia press Mercy Investment Services request Duke Energy disclose lobbying activity. Investors will vote on whether Duke should reveal lobbying and membership in industry groups. Duke states it files reports and expanded information efforts.
Long term U S mortgage rates fell this week after the Federal Reserve held rates steady. Freddie Mac reported the 30 year fixed rate at 3.61 percent, down from 3.66 percent, well below last year’s 3.80 percent and boosting spring home buying prospects.
The federal government will require e cigarettes and their ingredients to undergo review before sale. Regulators will assess device design and nicotine liquids to curb teen use and protect consumers. Health secretary Sylvia Burwell warns against undermining progress toward a tobacco free generation.
The FDA issues rules extending traditional tobacco restrictions to e cigarettes hookah tobacco and nicotine gels. Minors would be banned from buying the products with penalties and enforcement expanding. Retailers face August sales bans and later compliance with two years for company submissions and a further year for review.
GM and Ford report highest ever North American profits and strong operating margins in Q1 2016, building on 2015 records. Yet shares stall as investors doubt further gains in a cyclical auto market. Global markets show upside, while costs cuts and tech bets shape future profits.
The Consumer Financial Protection Bureau proposes banning mandatory arbitration clauses to ease suing banks. The rule targets class-action disputes across credit cards accounts and other financial services, but allows individual arbitration to continue for single-claim cases.
Notes describe extra dividends not included, annual rate changes after a revert dividend, and the last 12 months’ dividends. It covers stock splits, declared or paid amounts, ex-distribution cash value, and the classification of a closed-end fund with P E indicators and recent performance details.
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