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Sep 29, 2014

RT Videos - September 29, 2014: 'West aims to vertically structure humanity' - Lavrov at UNGA 2014 (FULL SPEECH)

'West aims to vertically structure humanity' - Lavrov at UNGA 2014 (FULL SPEECH)

Published on Sep 29, 2014
Note: Audio Fixed in this version.
The US-led Western block rejects the principle of the equality of sovereign states secured by the UN Charter while advocating democracy in the international arena, said Russian Foreign Minister Sergey Lavrov addressing the UNGA. READ MORE:

VOA Video September 29, 2014: Israel’s PM: ISIS, Hamas Branches of Same Tree.

Israel’s PM: ISIS, Hamas Branches of Same Tree

Published on Sep 29, 2014
Israel’s prime minister urged the international community not to allow Iran to develop its nuclear capabilities, and tied the Jewish state's fight against Hamas militants in the Gaza Strip to the larger global fight against Islamic State militants. The U.S. disagreed. A State Department spokeswoman said Washington believes the Islamic State group poses a different threat. VOA's Margaret Besheer has more on the Israeli leader's address to the U.N. General Assembly on Monday, 

RT Video News - september 29, 2014: Civilians caught in Pentagon’s ISIS airstrikes

Civilians caught in Pentagon’s ISIS airstrikes

Published on Sep 29, 2014
Human Rights Watch and other international observers are criticizing the US for inflicting civilian casualties in its anti-Islamic State offensive in Syria. While the Pentagon states it has no credible evidence to support claims that its airstrikes are killing innocent non-combatants, those on the ground believe the evidence points to the US. RT’s Manila Chan has more details.

FDIC | Financial Institution Letter September 29, 2014: Technology Alert: GNU Bourne-Again Shell (Bash) Vulnerability.

Financial Institution Letter

Technology Alert: GNU Bourne-Again Shell (Bash) VulnerabilityFIL-49-2014
Summary:The FDIC, as a member of the Federal Financial Institutions Examination Council (FFIEC), is issuing the attached alert advising financial institutions of a material security vulnerability with Linux and Unix operating systems that could allow an attacker to gain control of a bank's servers remotely. The vulnerability is commonly known as the GNU Bourne-Again Shell (Bash) or "Shellshock" vulnerability.
Statement of Applicability to Institutions with Less than $1 Billion in Total Assets:This Financial Institution Letter (FIL) applies to all FDIC-supervised institutions.

NYT Video - September 29, 2014: Fast Food for Polar Bears

The Times Video
Monday, September 29, 2014


Polar bears have become a symbol of the danger of climate change, but in the Western Hudson Bay, scientists have found that our understanding of climate change may not be as simple as it seemed.
VideoIconWatch »
See the skyline without battling crowds, sample pastries from a secret gem, sip artisanal beers and soak up culture during a weekend in the Tuscan capital.
VideoIconWatch »

U.S. & Politics - Retro Report

The mystery of Colony Collapse Disorder has brought honeybees into the public eye. But the story of their plight - and its impact - is more complicated.
VideoIconWatch »


As auto lenders reach out to those with poor credit, they are increasingly using starter interruption devices, technology that allows them to remotely disable a car, to spur timely payment.
VideoIconWatch »

U.S. & Politics

Senator Kirsten Gillibrand says electing more women to Congress will help prevent gridlock in Washington.
VideoIconWatch »
Hana Beshara remembers the time she spent working on the illegal video downloading site NinjaVideo as one of adventure and camaraderie. 


Hana Beshara, a founder of NinjaVideo, once a popular illegal video downloading site, was known as Queen Phara to its users. Now she's putting her life back together after 16 months in prison.
VideoIconWatch »


The innovative musicians perform and discuss the special mystery of how a quartet communicates as part of an experiment capturing their sound and movement.
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Opinion - Op-Docs

Brown University faces questions about how it responds to a student's charge of sexual assault, two decades after similar accusations sparked a national reform movement.
VideoIconWatch »


Sam Sifton recreates a classic chicken and gravy dish from The Times's former food editor Craig Claiborne. This Southern recipe first appeared in the newspaper in 1983.
VideoIconWatch »

The Alfa Romeo 4C

Business - Driven

Alfa Romeo, which left the United States market two decades ago, makes a powerful return with its light, lithe 4C sports car.
VideoIconWatch »

Style - Vows

Breezy Jackson and Paul Koubek find love in adventure and adventure in love. They met while working in Antarctica and dated while scuba diving and rock climbing.
VideoIconWatch »

FTC | Enforcement Actions - September 29, 2014: Norm Thompson Outfitters and Wacoal America Settle FTC Charges Over Weight-Loss Claims for Caffeine-infused Shapewear.

FTC@100 Banner

Two marketers of women’s “shapewear” undergarments have settled Federal Trade Commission charges that slimming claims for their caffeine-infused products were false and not substantiated by scientific evidence. The proposed orders settling the FTC’s complaints bar Norm Thompson Outfitters, Inc., and Wacoal America, Inc., from making false and unsubstantiated claims about their shapewear and require them to pay a total of more than $1.5 million for consumer refunds.
“Caffeine-infused shapewear is the latest ‘weight-loss’ brew concocted by marketers,” said Jessica Rich, Director of the FTC’s Bureau of Consumer Protection. “If someone says you can lose weight by wearing the clothes they are selling, steer clear. The best approach is tried and true: diet and exercise.”
The FTC’s complaint against Norm Thompson Outfitters alleges the company deceptively advertised, marketed, and sold women’s undergarments infused with microencapsulated caffeine, retinol, and other ingredients, claiming the “shapewear” would slim and reshape the wearer’s body and reduce cellulite. The products, made with Lytess brand fabrics, were sold via mail order and on the company’s Norm Thompson Outfitters, Sahalie, Body Solutions, and Body*Belle websites.
Specifically, the FTC alleges that the company made claims that wearing its shapewear would eliminate or substantially reduce cellulite; reduce the wearer’s hip measurements by up to two inches and their thigh measurements by one inch; and reduce thigh and hip measurements “without any effort.” The complaint alleges that these claims are not true or substantiated by scientific evidence, and therefore violate the FTC Act.
The complaint against Wacoal America contains similar allegations. It charges that the company’s iPants supposedly slimmed the body and reduced cellulite. Specifically, the company made false and unsubstantiated claims that wearing iPants would: substantially reduce cellulite; cause a substantial reduction in the wearer’s thigh measurements; and destroy fat cells, resulting in substantial slimming. The complaint alleges that these claims are not true or substantiated by scientific evidence, and therefore also violate the FTC Act.
The proposed administrative consent orders settling the charges against Norm Thompson Outfittersand Wacoal America ban the companies from claiming that any garment that contains any drug or cosmetic causes substantial weight or fat loss or a substantial reduction in body size.  In addition, the companies are prohibited from making claims that any drug or cosmetic reduces or eliminates cellulite or reduces body fat, unless they are not misleading and can be substantiated by competent and reliable scientific evidence.
Finally, the orders require Norm Thompson Outfitters and Wacoal America to pay $230,000 and $1.3 million, respectively, that the FTC can use to provide refunds to consumers who bought the caffeinated shapewear.
Consumers should carefully evaluate advertising claims for weight-loss products. For more information, see the FTC’s guidance for consumers of products and services advertised for Weight Loss & Fitness.
The FTC is a member of the National Prevention Council, which provides coordination and leadership at the federal level regarding prevention, wellness, and health promotion practices. This case advances the National Prevention Strategy’s goal of increasing the number of Americans who are healthy at every stage of life.
The Commission vote to issue the complaints and accept the proposed consent orders was 5-0 in each case. The FTC will publish a description of the consent agreement packages in the Federal Register shortly. The agreements will be subject to public comment for 30 days, beginning today and continuing through October 29, 2014, after which the Commission will decide whether to make the proposed consent orders final.
Interested parties can submit written comments on the proposed settlements with Norm Thompson Outfitters and Wacoal America electronically or in paper form by following the instructions in the “Invitation To Comment” part of the “Supplementary Information” section of the Federal Register notice.
NOTE: The Commission issues an administrative complaint when it has “reason to believe” that the law has been or is being violated, and it appears to the Commission that a proceeding is in the public interest. When the Commission issues a consent order on a final basis, it carries the force of law with respect to future actions. Each violation of such an order may result in a civil penalty of up to $16,000.
The Federal Trade Commission works for consumers to prevent fraudulent, deceptive, and unfair business practices and to provide information to help spot, stop, and avoid them. To file a complaint in English or Spanish, visit the FTC’s online Complaint Assistant or call 1-877-FTC-HELP (1-877-382-4357). The FTC enters complaints into Consumer Sentinel, a secure, online database available to more than 2,000 civil and criminal law enforcement agencies in the U.S. and abroad. The FTC’s website provides free information on a variety of consumer topics. Like the FTC on Facebook, follow us onTwitter, and subscribe to press releases for the latest FTC news and resources.

Contact Information

Mitchell J. Katz
Office of Public Affairs
David M. Newman, FTC
Western Region, San Francisco
More news from the FTC >>

U.S. Department of Commerce | Press Release: U.S. Secretary of Commerce Penny Pritzker Statement on Latest Round of Job-Driven Training Grants

Press Release

Monday, September 29, 2014
News Media Contact:
Office of Public Affairs, 202-482-4883

U.S. Secretary of Commerce Penny Pritzker issued the following statement on today’s announcement of the winners of $450 million in job-driven training grants that are part of the Trade Adjustment Assistance Community College and Career Training (TAACCCT) competitive grant program.
"These grants are an important tool in our efforts to help Americans better compete in a fast-moving global economy. Today's announcement specifically builds on this Administration's strong commitment to working directly with the private sector to develop effective training programs that will prepare workers with the skills employers seek. We know that encouraging partnerships between employers and community colleges is an approach that works.

Improving the linkages between training programs and employer needs is something I have worked on for years, and we have made it a top priority for the U.S. Department of Commerce for the very first time.  Since I took office roughly 15 months ago, the need for improved workforce development is an issue that has been raised by nearly all of the 1,200 CEOs and business leaders I have met. They agree that this is an issue we must address to support American workers, help U.S. businesses grow, and continue the country's economic comeback. It is an honor to help lead this important effort with Vice President Biden, Labor Secretary Perez, and Education Secretary Duncan."
Today, Vice President Joe Biden, Secretary of Labor Thomas Perez and Secretary of Education Arne Duncan announced the latest recipients of $450 million in job-driven training grants going to nearly 270 community colleges across the country. The Trade Adjustment Assistance Community College and Career Training (TAACCCT) competitive grant program has invested nearly $2 billion in hundreds of community colleges all across the country that have partnered with companies and national industry associations to expand job-driven training programs. To find out more about today’s announcement and the latest round of TAACCCT winners please visit

FDIC | Announcements - September 29, 2014: FDIC Announces Settlement With Merrick Bank, South Jordan, Utah, for Unfair and Deceptive Practices

Press Release

FDIC Announces Settlement With Merrick Bank, South Jordan, Utah, for Unfair and Deceptive Practices

September 29, 2014
Media Contact:
LaJuan Williams-Young
Office: (202) 898-3876
The Federal Deposit Insurance Corporation (FDIC) today announced a settlement with Merrick Bank, South Jordan, Utah, (Bank) for unfair and deceptive practices related to marketing and servicing of credit card "add-on products," in violation of Section 5 of the Federal Trade Commission (FTC) Act.
This action results from a review of the Bank's credit card products by the FDIC. As part of the settlement, the Bank stipulated to the issuance of a Consent Order, Order for Restitution, and Order to Pay Civil Money Penalty (collectively, FDIC Order). The FDIC Order requires the Bank to pay a civil money penalty (CMP) of $1.1 million, and restitution of approximately $15 million to harmed consumers. Consumers who are eligible for relief under the settlement are not required to take any action to receive compensation.
The Bank marketed the "PAYS Plan," a payment protection credit card add-on product that was sold from 2008 to 2013 to consumers who had a Bank credit card. The PAYS Plan provided a benefit payment towards a consumer's monthly credit card payment following certain life events such as involuntary unemployment, disability, and hospitalization.
The FDIC determined that the Bank violated federal law prohibiting unfair and deceptive practices by, among other things:
  • misrepresenting that the PAYS Plan "Monthly Benefit" would equal the consumer's "Minimum Payment Due";
  • misrepresenting that the PAYS Plan would protect the consumer's credit rating;
  • misrepresenting that PAYS Plan payments would be made automatically;
  • failing to adequately disclose material conditions and restrictions related to the PAYS Plan;
  • failing to adequately disclose the terms and conditions for accessing the PAYS Plan hospitalization benefit; and
  • requiring permanently disabled consumers to recertify their disabled status each month.
The FDIC Order requires the Bank to take affirmative steps to correct the violations, and to ensure compliance in the future with all consumer protection laws, including the FTC Act.
A copy of the FDIC's Order is available at the FDIC's website at

GATA | THE GATA DISPATCH - September 29, 2014: Financial writer talks about hangup in publication of report on silver market rigging and Singapore bourse to start kilobar gold trading to lure investors.

Financial writer talks about hangup in publication of report on silver market rigging

Submitted by cpowell on Monday, September 29, 2014. Section: Daily Dispatches
 Monday, September 29, 2014
Talk-show host Dave Janda of WAAM-1600AM in Ann Arbor, Michigan, last week interviewed financial journalist William Cohan about complications in arranging publication of a report Cohan has written about silver market manipulation, a report arising from evidence presented by London metals trader Andrew Maguire. Cohan says there is a dispute over what sort of news organization should get the report. The interview is 24 minutes long and can be heard at Janda's Internet site here:

SEC | Enforcement Actions - September 29, 2014: Two Former Wells Fargo Employees Charged With Insider Trading in Advance of Research Reports Containing Ratings Changes.

SEC Seal

09/29/2014 12:05 PM EDT

The Securities and Exchange Commission today announced insider trading charges against two former Wells Fargo employees involved in an alleged scheme to profit by buying or short selling a stock before research analyst reports were published containing a ratings change.

Research analysts typically produce reports with a recommendation or rating of a stock or other security they’ve reviewed.  When an analyst alters a prior view on the prospects of a security, a new report is issued with a ratings change.  The SEC’s Enforcement Division alleges that while Gregory T. Bolan Jr. worked as a research analyst at Wells Fargo, he tipped a trader at the firm, Joseph C. Ruggieri, in advance of several market-moving ratings upgrades or downgrades that he made in certain securities.  The tips enabled Ruggieri to generate more than $117,000 in profits. 

“Instead of abiding by firm policies that specifically prohibited trading ahead of published research, Ruggieri used information obtained from Bolan to make profitable trades in advance of six separate research reports,” said Sanjay Wadhwa, Senior Associate Director of the SEC’s New York Regional Office.  “The repeated nature of these violations demonstrates an utter disregard for our insider trading laws.”

According to the SEC’s order instituting a litigated proceeding before an administrative law judge, Bolan also tipped a close friend with nonpublic information about his upcoming ratings changes.  The friend, who is now deceased, generated approximately $10,000 in profits in a personal brokerage account by trading ahead of three ratings changes.

“Bolan gave two traders a sneak preview into his upcoming ratings changes and provided them an unfair and illegal advantage on the rest of the markets,” said Daniel M. Hawke, Chief of the SEC Enforcement Division’s Market Abuse Unit.

The SEC’s Enforcement Division alleges that after receiving Bolan’s tips, Ruggieri either purchased the relevant company’s stock ahead of Bolan’s upgrades or sold the stock short ahead of Bolan’s downgrades.  Ruggieri closed his overnight positions in those securities for a profit shortly after Bolan’s ratings changes were made public and the stock prices had moved.  From April 2010 to March 2011, Bolan published a total of eight research reports with a ratings change or initiation of coverage with an “outperform” or “underperform” rating.  Ruggieri traded profitably ahead of six of these reports in a manner that did not fit in his typical trading pattern.  Aside from this trading ahead, Ruggieri had only a handful of overnight positions in securities that had been rated within the six months prior to his trading.

The SEC’s Enforcement Division alleges that by engaging in the misconduct described in the SEC’s order, Bolan and Ruggieri willfully violated Section 17(a) of the Securities Act of 1933 and Section 10(b) of the Securities Exchange Act of 1934 and Rule 10b-5.  The administrative proceeding will determine what relief, if any, is in the public interest against Bolan and Ruggieri, including disgorgement of ill-gotten gains, prejudgment interest, financial penalties, and other remedial measures.

The SEC’s investigation was conducted by Sandeep M. Satwalekar, Charles D. Riely, and John Marino of the SEC’s Market Abuse Unit in New York, as well as Peter A. Lamore and Alexander M. Vasilescu of the New York Regional Office.  The case has been supervised by Mr. Hawke and Mr. Wadhwa.  The SEC’s litigation will be led by Mr. Vasilescu and Mr. Satwalekar.

The SEC appreciates the assistance of the Financial Industry Regulatory Authority.

WSJ | Most Actives Closing on September 29, 2014.

Most Actives Closing
Most Active Stocks by Volume
4:32 pm ET 09/29/2014
Ford Motor (F)80,497,678$15.11-1.22-7.47
Bank of America (BAC)66,752,86817.01-0.02-0.12
Petroleo Brasileiro ADS (PBR)55,158,66614.70-1.76-10.69
Janus Capital Group (JNS)50,421,66614.70-1.19-7.49
Rite Aid (RAD)43,209,7244.95-0.27-5.17
Athlon Energy (ATHL)37,694,94558.3211.5924.80
General Electric (GE)30,211,06025.42-0.21-0.82
Ambev ADS (ABEV)26,847,6476.57-0.22-3.24
Advanced Micro Devices (AMD)26,739,7943.55-0.05-1.39
Vale ADS (VALE)24,820,23610.87-0.32-2.86
Alibaba Group Holding ADS (BABA)23,123,90288.75-1.71-1.89
Civeo (CVEO)21,783,93612.84-12.63-49.59
General Motors (GM)19,425,22332.22-0.95-2.86
Itau Unibanco Holding ADS (ITUB)19,313,80414.24-1.30-8.37
Pfizer (PFE)19,064,61729.770.050.17
Petroleo Brasileiro ADS A (PBRA)17,724,85815.37-1.98-11.41
Alcoa (AA)17,193,88615.93-0.26-1.61
McDonald's (MCD)16,359,38196.221.521.61
Oracle (ORCL)16,326,04238.44-0.51-1.31
Alpha Natural Resources (ANR)15,242,3632.26-0.10-4.24
Twitter (TWTR)15,135,85251.74-0.15-0.29
EMC (EMC)14,750,16828.83-0.10-0.33
AT&T (T)13,817,58835.23-0.05-0.14
Exxon Mobil (XOM)13,636,33994.43-1.00-1.05
Citigroup (C)12,798,95452.05-0.44-0.84
TIBCO Software (TIBX)72,768,630$23.654.1421.22
Apple (AAPL)48,699,343100.11-0.64-0.64
Zynga (ZNGA)36,379,9082.79-0.04-1.41
Yahoo! (YHOO)35,259,52140.52-0.14-0.34
Micron Technology (MU)33,860,09634.500.671.98
Facebook Cl A (FB)32,801,52579.000.210.27
PowerShares QQQ Trust Series 1 (QQQ)31,322,51898.65-0.13-0.13
Intel (INTC)28,515,77734.900.641.87
Cisco Systems (CSCO)28,335,85025.120.120.48
VelocityShares Daily 2x VIX Short Term ETN (TVIX)26,592,5023.170.258.56
GoPro (GPRO)26,577,99190.948.8410.77
Microsoft (MSFT)25,664,09146.440.030.06
DreamWorks Animation SKG Cl A (DWA)19,237,89528.185.8226.03
Sirius XM Holdings (SIRI)18,337,2703.50-0.01-0.28
VelocityShares Daily Inverse VIX Short Term ETN (XIV)17,921,99138.79-1.94-4.76
Exelixis (EXEL)13,137,2991.590.031.92
21st Century Fox Cl A (FOXA)13,039,85234.15-0.29-0.84
Groupon (GRPN)12,769,6106.670.010.15
BlackBerry (BBRY)12,364,03610.23-0.03-0.29
Comcast Cl A (CMCSA)12,185,99254.160.140.27
Staples (SPLS)10,330,42512.15-0.32-2.61
American Realty Capital Properties (ARCP)9,924,14512.370.000.00
Himax Technologies ADS (HIMX)9,689,5649.820.555.93
Frontier Communications (FTR)9,087,5146.480.142.13
Brocade Communications Systems (BRCD)8,695,60110.880.080.74
SPDR S&P 500 ETF Trust (SPY)88,687,389$197.54-0.36-0.18
iShares MSCI Emerging Markets ETF (EEM)69,309,26141.56-0.86-2.03
iShares MSCI Brazil Capped ETF (EWZ)50,317,20343.72-2.77-5.96
Barclays Bank iPath S&P 500 VIX Short Term Futures ETN (VXX)45,081,71330.811.444.90
Select Sector SPDR-Financial (XLF)35,934,42623.21-0.08-0.34
iShares MSCI Japan ETF (EWJ)31,681,68311.84-0.07-0.59
iShares Russell 2000 ETF (IWM)28,739,698111.03-0.09-0.08
iShares China Large-Cap ETF (FXI)23,476,15938.27-0.92-2.35
Market Vectors ETF Trust Market Vectors Gold Miners (GDX)21,194,23421.75-0.23-1.05
iShares MSCI EAFE ETF (EFA)17,107,46264.17-0.60-0.93
Direxion Daily Small Cap Bear 3x Shares (TZA)15,776,95716.190.040.25
Select Sector SPDR-Energy (XLE)15,396,21991.77-0.21-0.23
VelocityShares 3x Inverse Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (DGAZ)13,734,2663.66-0.26-6.63
iShares U.S. Energy ETF (IYE)12,753,44752.20-0.12-0.23
First Trust Energy AlphaDEX Fund (FXN)11,441,55026.28-0.06-0.23
ProShares Ultra VIX Short-Term Futures ETF (UVXY)11,328,97028.942.629.95
Select Sector SPDR-Health Care (XLV)10,193,78564.26-0.14-0.22
Vanguard FTSE Emerging Markets ETF (VWO)9,811,62641.62-0.91-2.14
Vanguard Total Bond Market ETF (BND)9,772,62981.950.100.12
VelocityShares 3x Long Natural Gas ETN linked to the S&P GSCI Natural Gas Index Excess Return (UGAZ)9,586,68916.060.986.50
Direxion Daily Small Cap Bull 3x Shares (TNA)9,416,84166.47-0.11-0.17
iShares MSCI Taiwan ETF (EWT)8,976,41315.22-0.15-0.98
Market Vectors Russia ETF Trust SBI (RSX)8,784,29822.62-0.71-3.04
PowerShares Senior Loan Portfolio (BKLN)8,583,37524.270.000.00
ProShares UltraShort S&P500 (SDS)8,366,94224.550.100.41
SPDR S&P 500 ETF Trust (SPY)88,143,109$197.54-0.36-0.18
Ford Motor (F)80,497,67815.11-1.22-7.47
TIBCO Software (TIBX)72,293,74723.654.1421.22
iShares MSCI Emerging Markets ETF (EEM)68,897,69241.56-0.86-2.03
Bank of America (BAC)66,752,86817.01-0.02-0.12
Petroleo Brasileiro ADS (PBR)55,158,66614.70-1.76-10.69
Janus Capital Group (JNS)50,421,66614.70-1.19-7.49
iShares MSCI Brazil Capped ETF (EWZ)50,175,90443.72-2.77-5.96
Apple (AAPL)48,012,301100.11-0.64-0.64
Barclays Bank iPath S&P 500 VIX Short Term Futures ETN (VXX)44,813,80430.811.444.90
Rite Aid (RAD)43,209,7244.95-0.27-5.17
Athlon Energy (ATHL)37,694,94558.3211.5924.80
Select Sector SPDR-Financial (XLF)35,850,40523.21-0.08-0.34
Zynga (ZNGA)34,969,4292.79-0.04-1.41
Yahoo! (YHOO)34,417,69440.52-0.14-0.34
Micron Technology (MU)33,337,83234.500.671.98
Facebook Cl A (FB)32,197,07879.000.210.27
iShares MSCI Japan ETF (EWJ)31,615,76111.84-0.07-0.59
PowerShares QQQ Trust Series 1 (QQQ)31,099,83598.65-0.13-0.13
General Electric (GE)30,211,06025.42-0.21-0.82
iShares Russell 2000 ETF (IWM)28,596,949111.03-0.09-0.08
Intel (INTC)28,261,27134.900.641.87
Cisco Systems (CSCO)28,141,30425.120.120.48
Ambev ADS (ABEV)26,847,6476.57-0.22-3.24
Advanced Micro Devices (AMD)26,739,7943.55-0.05-1.39
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x - stock is trading ex-dividend
Source: WSJ Market Data Group