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Trading at Noon: Dow rises above 13,000

Tuesday, February 21, 2012 - 03:03

Feb. 21 - The Dow industrial average crossed the 13,000 level for the first time in nearly four years on signs of improvement in the economy and stabilization of Europe's debt crisis.

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Checking and on trading at -- in the Dow crossed thirteen 1000 threshold this morning. At that high since Lehman Brothers was still in business and Barack Obama was a US senator made 2008 to be exact. The fact that milestone for us our argument -- matches enthusiasm wanes over deals helped Greece avoid -- march default. Reading what we have a minicamp on the S&P 500 though we've got materials up. Just about nine tenths of 1%. First and time to get out at borders exclusive behind US powered generator eighty -- is an expert business in China. Says the company is looking to sell all or part of its business there. -- ES was the first American power producer Andrew China in the early 1990s. But it recently hired an investment bank -- eyes on the sale. While the rest of corporate America is banking on China for growth eighty S is looking for an exit and -- deal worth between 30400. Million dollars. Why Reuters reports state controlled pricing which coal fired power producers like eighty gas have little or no control over. Snapper some stocks to watch holiday bargains and -- massive discounts would shoppers back to Wal-Mart but the enticements hurt its fourth quarter profit. Wal-Mart earnings weighing on the Dow and we have shares off nearly 1%. Kraft Foods earnings in line with Wall Street expectations the maker of Oreo Cookies and my personal favorite Kraft -- I mean she is. Forecasting earnings growth at least 90% this year even as here's -- portfolio of brands and gets ready to split into later this year Kraft shares. Right now are up just a little bit about one point 7%. Finally how -- the world's largest home improvement chain real estate Bellwether beat lofty expectations as a warm winter boosted sales -- think missing out -- -- snow shovel sales -- hurt but apparently buyers. Moving apps and purchases the retailer giving him better than expected profit outlook for the current year. We have shares of Home Depot up just about one half percent. Hello -- -- let me be seeing some signs of real estate recovery you can chalk up yet another victim of the market's down. -- and Alice filing for bankruptcy the commercial real estate firm which manages 250 million square feet with over 3000 employees. Didn't have enough money to make it through march BGC partners which is part of Cantor Fitzgerald and headed I can't -- CEO Howard -- Stepping in to I that's that's that's operations expected to continue without the distraction. TNT cable network already explosive but the Dutch shipping company as investors. Betting on a bidding war. Let's strap attached to -- hit an all time high yesterday moving up more than 60%. Following a six point 45 billion dollar bid. From EP ST NT rejecting the offer analysts think that UPS's move could set a price floor for another attractive bid. With most looking to add back to fly into the next. That's up for treating -- man I'm Jen Rogers this is.

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Trading at Noon: Dow rises above 13,000

Tuesday, February 21, 2012 - 03:03