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News summary: Cos. walk a fine line with celebs

Submitted by Fox First at Ten on October 18th

By The Associated Press PUTTING ITS FOOT DOWN: Nike Inc. has stood by athletes through a number of scandals over the years, but this week it became the first company to sever ties with Armstrong in the wake of allegations that he used illegal drugs to boost his performance. HIGH FIVE: At least

News Summary: Fund manager sees reason for caution

Submitted by Fox First at Ten on October 18th

By The Associated Press ATYPICAL RECORD: The Appleseed Fund is a stock mutual fund that has been one of the best performers over the latest 5-year period, yet among the worst over three years. It's a result of the fund's defensive investing approach, which can help or hinder performance

News Summary: Supervalu says it's in active talks

Submitted by Fox First at Ten on October 18th

By The Associated Press THE NUMBERS: Grocery store operator Supervalu lost $111 million, or 52 cents per share, in the quarter ended Sept. 8, while revenue dropped 5 percent to $8.04 billion. THE COMPANY: Supervalu's chains include Albertsons, Cub Foods, Jewel-Osco and Save-A-Lot. It's

Appleseed mutual fund, at a glance

Submitted by Fox First at Ten on October 18th

By The Associated Press Here's a look at the Appleseed Fund, one of the strongest performers in the mid-cap value stock mutual fund category over the latest 5-year period, according to Morningstar. Just two of the hundreds of funds in its peer group have topped its nearly 7 percent average

Fund manager: Plenty of reason to be cautious now

Submitted by Fox First at Ten on October 18th

By MARK JEWELLAP Personal Finance Writer BOSTON (AP) - The Appleseed Fund is unusual, and not just because of its strict socially-responsible investing mandate. Just as noteworthy is Appleseed's atypical record. The mutual fund has been one of the best performers over the latest 5-year

Chipotle 3rd quarter results miss expectations

Submitted by Fox First at Ten on October 18th

DENVER (AP) - Restaurant chain Chipotle Mexican Grill Inc. said Thursday that its third-quarter net income rose 20 percent as traffic grew and it opened more stores. But the results fell short of Wall Street expectations and the company's stock fell 13 percent in aftermarket trading. The Denver

Capital One's profit vaults 47 percent in 3Q

Submitted by Fox First at Ten on October 18th

By ALEX VEIGAAP Business Writer LOS ANGELES (AP) - Capital One Financial Corp.'s net income vaulted 47 percent in the third quarter, as the lender's acquisition of online bank ING Direct and HSBC's U.S. credit card business helped boost its loan revenue. The results released

News Summary: Beans, corn up on weather worries

Submitted by Fox First at Ten on October 18th

By The Associated Press GAINING GRAINS: Prices rose for wheat, corn and soybeans as adverse weather hit key farming regions in Brazil and Argentina. Although it's early in the season, some investors questioned whether the problems will wind up hurting the harvest. ECONOMIC MIX: Other

News Summary: Morgan Stanley earnings jump

Submitted by Fox First at Ten on October 18th

By The Associated Press BY THE NUMBERS: Morgan Stanley reported higher net income and revenue, after stripping out an accounting charge. The bank earned more revenue across most of its units, including underwriting bonds. AFTER THE DOWNGRADE: The bank said that clients had "re-engaged" after

Military members face student loan debt problems

Submitted by Fox First at Ten on October 18th

By LOLITA C. BALDORAssociated Press WASHINGTON (AP) - Members of the military are having trouble grappling with the confusing patchwork of student loan benefits they can receive and often end up taking on tens of thousands more dollars in debt than they needed to, says a new government report.