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Hubbell Reports Strong Second Quarter
Friday, July 25, 2008 (93 reads)
Orange-based construction-equipment manufacturer Hubbell Inc. reported net income of $61.5 million in the second quarter, up 15 percent from the same period a year ago.
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National New Home Sales Down Slightly In June
Friday, July 25, 2008 (116 reads)
Sales of single-family homes in June fell 0.6 percent compared to May, to 530,000 from 533,000 on a seasonally adjusted basis, according to the U.S. Census Bureau and Department of Housing and Urban Development.
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Freddie Mac Portfolio Jump Helps Soothe Investors
Friday, July 25, 2008 (102 reads)
New orders for long-lasting U.S. manufactured goods rose unexpectedly in June on a surge in defense orders, while a large jump in a key Freddie Mac portfolio was also higher than forecast in signs of economic resilience, a government report showed Friday.
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Stormy Environment Costs W.R. Berkley $110 Million
Thursday, July 24, 2008 (121 reads)
Increased storm losses, a more competitive insurance environment, a return to more conservative underwriting standards and continued price deterioration cost Greenwich insurer W.R. Berkley Corp. more than $110 million year-over-year in the second quarter.
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Investors Grab Fannie, Freddie After House Vote
Thursday, July 24, 2008 (128 reads)
Investors snapped up shares of mortgage finance giants Fannie Mae and Freddie Mac before Wall Street opened Thursday, a day after the House of Representatives passed a massive rescue package to shore up the struggling housing market.
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