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Wednesday Evening Business Brief

September 19, 2012, 5:06 PM

Wednesday Evening Business Brief
  • Wall Street's key averages gained ground, although off their best levels of the session. The Dow rose 13 points to 13,578. The S&P added 2 points to 1,461, while the Nasdaq gained 5 points to 3,183.
  • There were two reports today indicating that the housing market is doing better. The National Association of Realtors says sales of previously-owned homes rose nearly 8 percent in August to the highest in over 2 years. Also, builders broke ground on 2.3 percent more homes and apartments in August compared to July.
  • Kroger is recalling spinach sold at grocery stores in 15 states due to possible Listeria contamination.  Fresh Selections Tender Spinach brand was sold in 10-ounze packages and had a "best if used by" date of Sept. 16.
  • Both the union representing about 8,500 ground workers at Southwest Airlines and the airline are asking federal mediators to break a standoff in contract talks. The Transport Workers Union says that there's been almost no progress made in 14 months of negotiations. Both sides say they asked the National Mediation Board to step in.
  • The federal government says the U.S. seafood catch reached a 17-year high last year, with all fishing regions of the country showing increases in both the volume and value of their harvests. Commercial fishermen last year caught more than 10 billion pounds of fish and shellfish valued at a record $5.3 billion.

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