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Investments

Kodak prices placement of senior notes

Eastman Kodak Co. priced a private placement of $500 million worth of 9.75 percent senior secured notes due 2018, the company announced late Wednesday.

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SPOTLIGHT: Rate of decline slows for home prices

The national median sale price of existing single-family homes continued to drop in the final quarter of 2009, but the rate of decline was the smallest in more than two years, the National Association of Realtors reports. The median price ...

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S&P raises Kodak’s rating outlook

Standard & Poor’s Ratings Services gave Eastman Kodak Co. a boost, revising its “B-” corporate rating outlook from negative to stable.

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Mom finds flexibility in managing properties

By interweaving threads of past work experience with new knowledge and training, Michelle Sweetland transformed herself from a management executive in food service to a business owner in real estate investment. The two careers are not that dissimilar, Sweetland explains. ...

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Stocks outpaced bond funds in fourth quarter

Stock portfolios outperformed locally managed municipal bonds in the fourth quarter, with the Bryce Capital Growth Fund leading the way. Four locally managed mutual funds outpaced the Standard & Poor’s 500-stock index. The growth fund managed by Bryce Capital Management ...

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Local stocks post gains in double-digits

Local stocks were on pace with national trends in what turned out to be a herky-jerky 2009, with 49 local issues on the New York Stock Exchange up by an average of 19 percent and 29 stocks on the Nasdaq ...

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Graham gets kudos for stock performance

Graham Corp. has been named one of the best performing stocks of the decade on the Russell 3000 index by a financial research group.

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Stock market posts rebound in 2009

As trading in 2009 neared its close, the U.S. stock market overall appeared certain to post a big comeback for the year. Among some of the most closely watched local stocks, Paetec Holding Corp. closed 2009 with a bang—a triple-digit increase for the year. Paychex Inc. also was a big gainer.

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Executive pleads guilty in tax case

Joseph Ryan, vice president and director of research at Brighton Securities Inc., has been suspended indefinitely from the firm after pleading guilty to a misdemeanor charge of failing to file a state tax return.

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Constellation defends against GModelo legal action

Represenatives for Constellation Brands Inc. said Wednesday a lawsuit filed Tuesday in New York federal court against the firm by GModelo, an indirect subsidiary of Mexico’s Grupo Modelo S.A.B. de C.V., lacks merit.

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Spotlight: N.Y. has fewer ‘underwater’ mortgages

Some 23 percent of all U.S. residential properties with mortgages were in negative equity as of September 2009, according to a report from First American CoreLogic. Borrowers with negative equity, also described as "underwater" or "upside down," owe more on ...

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Xerox closes on $2 billion debt offering

Xerox Corp. said Friday it has closed on a $2 billion offering of unsecured notes. Of the notes, $1 billion will mature in February 2015 and bear interest at a fixed-rate coupon of 4.25 percent; $650 million will mature in December 2019 at 5.625 percent; and $350 million will mature in December 2039 at 6.75 percent, the company said.

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