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  • Cannabis Industry Singled Out?

    mj indoorgrowMason County PUD#3's new rate schedules have members of the I-502 Industry concerned. The members feel they have been singled out, and will have the highest PUD electrical rate structure levied on them.  The I-502's are not asking for special treatment, just equal treatment given… Read More +

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  • Audit: Room For Improvement On Welfare Benefits

    olympiaA state audit of the Department of Social and Health Services' food and financial assistance programs to low-income residents found the state could save or recover an estimated $1 million in benefits paid out to people who are ineligible because they either make too much money… Read More +

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  • Sherman, Baldwin Dig At NFL In Press Conference

    lynchbaldwin nflWith the help of a cardboard cutout, the Seattle Seahawks' Richard Sherman and Doug Baldwin took digs at the NFL during a news conference on Tuesday after the league issued a $100,000 fine to teammate Marshawn Lynch for not speaking to the media. Sherman and Baldwin made mention of everything

    Read More
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Stocks Rebound into Positive Territory

b_250_0_16777215_00_images_obgrabber_2014-01_6dbd03e2f6.jpgiStock/Thinkstock (NEW YORK) -- A surge in Facebook shares helped the tech-heavy Nasdaq Composite to a nearly 2-percent rebound Thursday, while the Dow Jones Industrial Average saw a triple-digit bounce back as well. On Wednesday, the blue chips index dropped nearly 200 points after the Federal Reserve announced it is continuing to pull back a bit on its bond buying stimulus program.

 

For only the second time in the last eight days that the industrial average has finished in positive territory, the Dow closed the day up 109 points at 15,848.61.  The tech-heavy Nasdaq closed the session at 4,123.13.
 
Investors Thursday were cheered by news that the economy grew 3.2 percent in the fourth quarter of last year. Additionally, there were a number of strong earnings reports and what some analysts are calling the Facebook halo effect.
 
Facebook shares surged more than 14 percent Thursday after reporting blockbuster earnings. Fifty-three percent of the company’s ad revenues are now coming from mobile devices like smartphones and tablets. Over the last six months, shares of the social network have jumped more than 60 percent.
 
Under Armour was another big winner in Thursday trading. The athletic apparel maker is cheering this brutal winter because the company’s sales jumped 28 percent last quarter due, in part, to strong sales driven by the growing popularity of the brand’s cold weather sports apparel. The stock Thursday is up 23 percent -- almost $20 a share.
 
Copyright 2014 ABC News Radio

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