Rob Williams News
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Northeastern nuclear-power generation declined, snapping the longest string of gains since December, after Entergy Corp. cut output to the 651-megawatt Vermont Yankee 1 reactor.
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Entergy Corp. shut the Pilgrim 1 nuclear reactor near Plymouth, Massachusetts, to repair a “minor leak,” said Rob Williams, a company spokesman.
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U.S. companies are selling the fewest long-maturity bonds in almost two years as a strengthening economy cuts investor appetite for the debt.
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Nuclear-power production in the U.S. is at the lowest seasonal levels in nine years as drought and heat force reactors from Ohio to Vermont to slow output.
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Treasuries snapped a gain before a private report that analysts said will show the U.S. services industry, which makes up almost 90 percent of the economy, grew at almost the fastest pace in a year.
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Entergy Corp. connected the Pilgrim 1 nuclear reactor in Massachusetts to the electric grid after completing repairs, a company spokesman said.
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Corporate bonds capped their best two-year global performance ever as signs of an accelerating U.S. recovery outweighed concern the European Union will fail to contain its fiscal crisis.
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Treasuries snapped a two-day gain before a government report forecast to show American employers added more than 200,000 jobs for a fourth month.
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Police evicted the last Occupy London campaigners from Finsbury Square near the city’s financial district, eight months after the income inequality demonstrations began in the U.K. capital.
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BlackRock Inc., Fidelity Investments and Charles Schwab Corp., which together manage more than $5 trillion, are all bullish on corporate debt.
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