News: Stocks dragged down by banks, energy companies








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Friday, February 24, 2017
Business


Stocks dragged down by banks, energy companies

NEW YORK – U.S. stocks are declining Friday morning as investors again look for safer places to put their money. Business technology company Hewlett Packard Enterprises is falling after it announced weak sales. Bond prices are dropping and yields are rising. That’s sending interest rates lower, which hurts banks.

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JCPenney closing up to 140 stores, cutting 6,000 jobs. Here’s what we know

In an effort to streamline its operations, increase profitability and better compete with online retailers, JCPenney announced Friday that it plans to close 130 to 140 underperforming stores in the coming months and sell two distribution centers including one in Buena Park and another in Lakeland, Fla.

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Ready Pac Foods bought by French company who says Irwindale jobs are safe

Bonduelle, a world leader in ready-to-eat canned and frozen vegetables, has entered into an agreement to buy Ready Pac Foods in a move that will expand the French company’s U.S. presence.

Pending regulatory review and approvals, the deal is expected to close by the end of March.

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UCLA Extension shows off new, high-tech Woodland Hills campus

WOODLAND HILLS >> UCLA Extension banners now flutter across Woodland Hills’ Warner Center.

Six weeks before classes start at the UCLA Extension’s new Woodland Hills Warner Center campus, university officials opened the doors of its dozen classrooms Thursday for a walk-through by the general public.

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SpaceX makes space station delivery, Russian cache to follow

CAPE CANAVERAL, Fla. – SpaceX made good on a 250-mile-high delivery at the International Space Station on Thursday, after fixing a navigation problem that held up the shipment a day.

Everything went smoothly the second time around as the station astronauts captured the SpaceX Dragon cargo ship as the two craft sailed over Australia.

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More Americans apply for unemployment, but level still healthy

WASHINGTON – More Americans applied for unemployment benefits last week, but claims remained at a low level consistent with a healthy job market.

THE NUMBERS: The Labor Department said Thursday that 244,000 Americans applied for jobless aid last week, up by 6,000 from the previous week. The four-week average, a less volatile measure, fell by 4,000 to 241,000, lowest since July 1973.

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Deportation fears can mean big business for immigration consultant scams

Fears over President Donald Trump’s stance on immigration has sent many undocumented immigrants in search of services to help them legalize their U.S. status.

But many are falling prey to unscrupulous “notarios" or “immigration consultants" who lack the legal expertise to help clients. Using false advertising and fraudulent contracts, they present themselves as being qualified and often ask for hefty up-front fees that can sometimes range as high as $10,000 or more.

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LA County’s manufacturing jobs have been replaced by lower paying work

L.A. County’s manufacturing sector has suffered massive job losses over the last decade, but a new report points to worse news – those positions have been replaced by jobs that pay less than half as much.

That’s the sweep of a new report released Wednesday by the

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