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Asian shares mixed pending US jobs report, Fed decision

jobs report

TOKYO (AP) — Asian shares were mixed Friday as investors awaited a U.S. jobs report later in the day and action from the U.S. Federal Reserve later in the month. KEEPING SCORE: Japan’s benchmark Nikkei 225 added 0.3 percent to 16,589.97 in morning trading. South Korea’s Kospi fell 0.1 percent to 1,982.49. Hong Kong’s Hang Seng added 0.2 percent to ...

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US factory orders up 1.9 percent in April, best in 6 months

factory orders

WASHINGTON (AP) — Orders to U.S. factories increased by the largest amount in six months but much of the strength came from a rise in demand for commercial aircraft. A key category that tracks business investment plans fell. Factory orders increased 1.9 percent in April, the biggest gain since a 2.4 percent rise in October, the Commerce Department reported Friday. ...

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US stocks, dollar slide after weak jobs report

stocks

U.S. stocks moved lower in early trading Friday after a key government jobs report showed hiring slowed in May, a sign of economic weakness that could dissuade the Federal Reserve from raising interest rates this month. The dollar fell sharply against most major currencies, while bond prices surged as investors sought safety in U.S. government-backed debt. Financial and consumer stocks ...

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PG&E fined $24.3M for poor record keeping on gas pipelines

SAN FRANCISCO (AP) — State regulators are seeking $24.3 million in penalties from California’s largest utility for failing to maintain accurate records of its natural gas distribution system. The California Public Utilities Commission said Wednesday that it has already fined Pacific Gas and Electric Company $10.8 million for a 2014 natural gas explosion that destroyed a cottage in Carmel. The ...

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After an early wobble, US stocks close higher

U.S. stocks rebounded from an early slide Thursday, nudging the Standard & Poor’s 500 index and Nasdaq composite to their highest close of the year. Health care companies led the comeback. Energy stocks declined the most following a meeting of OPEC ministers that ended without an agreement on crude production cuts. A late-afternoon reversal delivered the second gain in two ...

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Energy, utilities lead a slide in stocks; oil prices fall

U.S. stock indexes edged lower in morning trading Thursday, paring some of their early losses. Energy companies were down following a drop in the price of oil after a meeting of OPEC ministers ended without an agreement on crude production cuts. Utilities also fell. KEEPING SCORE: The Dow Jones industrial average fell 20 points, or 0.1 percent, to 17,769 as ...

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US stocks eke small gains after listless day of trading

stocks

U.S. stocks perked up after a downbeat start to eke out a small gain Wednesday. Consumer companies were among the big gainers on a day when investors sized up a mixed bag of new data on the U.S. manufacturing, housing and automobile industries. Telecommunications stocks lagged the rest of the market. Investors have been looking for clues in the latest ...

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UMH Properties to Host Baseball Great Dwight “Doc” Gooden Autograph Signing in Monticello, NY

Dwight Gooden

UMH Properties, Inc. announces that Dwight “Doc” Gooden, the three-time World Series champion pitcher, will make an appearance June 18th from 12-2pm at the UMH community, Kinnebrook Estates, 351 State Route 17B, Monticello, New York. Gooden will sign fans’ own sports memorabilia or free photos of the four-time Major League all-star that visitors will receive after touring a UMH model home.  During a storied ...

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Survey finds modest economic growth in many regions

economic growth

WASHINGTON (AP) — The Federal Reserve said Wednesday that the economy grew at a modest pace in much of the country from April to mid-May, despite headwinds ranging from slower consumer spending to ongoing weakness in the manufacturing and the energy sectors. The Fed’s latest survey of business conditions found that half of its 12 regions described growth as modest, ...

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US bank earnings dip 2 percent in 1Q amid low oil prices

low oil prices

WASHINGTON (AP) — The impact of low oil prices has continued to hobble the finances of U.S. banks, which posted increased loan losses in the first quarter driven by a huge jump in delinquent energy loans. U.S. bank earnings dipped 2 percent in the first three months of the year to $39.1 billion from $39.8 billion a year earlier, data ...

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