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Rite Aid tops fourth-quarter expectations, logs 6th straight profit and prepares for growth

Rite Aid has left the recovery ward and appears ready to break into a sprint after booking its sixth straight quarterly profit and making a deal to strengthen the drugstore chain's foothold in the burgeoning health clinic market. Shares that had slumped below $1 by late 2012 soared above $7 Thursday morning after the retailer topped Wall Street expectations for the fourth quarter.

US stocks fall after weak Chinese trade data

US stocks Thursday moved lower in early trade as investors weighed weak Chinese trade data and an encouraging report on US jobless claims. About 30 minutes into trade, the Dow Jones Industrial Average edged down 11.69 points (0.07 percent) to 16,425.49. The broad-based S&P 500 dipped 4.49 (0.24 percent) to 1,867.69, while the tech-rich Nasdaq Composite Index fell 31.51 (0.75 percent) to 4,152.39. March trade data for China, the world's second-largest economy, showed imports dropped 11.3 percent and exports fell 6.6 percent.

US stocks fall after weak Chinese trade data

US stocks Thursday moved lower in early trade as investors weighed weak Chinese trade data and an encouraging report on US jobless claims. About 30 minutes into trade, the Dow Jones Industrial Average edged down 11.69 points (0.07 percent) to 16,425.49. The broad-based S&P 500 dipped 4.49 (0.24 percent) to 1,867.69, while the tech-rich Nasdaq Composite Index fell 31.51 (0.75 percent) to 4,152.39. March trade data for China, the world's second-largest economy, showed imports dropped 11.3 percent and exports fell 6.6 percent.

Constellation Brands, Intuitive Surgical, Facebook, Alcoa and E-Trade are big market movers

NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Alcoa Inc., up 47 cents to $13 Industry analysts raise their price targets for the aluminum maker's stock after the company weathered a rough patch in the recent quarter. Harman International Industries Inc., up $1.81 cents to $107.26 After a sharp sell-off of its shares, Raymond James upgraded the lighting and audio company. Constellation Brands Inc., down 84 cents to $80.64

Constellation Brands, Intuitive Surgical, Facebook, Alcoa and E-Trade are big market movers

NEW YORK, N.Y. - Stocks that moved substantially or traded heavily Wednesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Alcoa Inc., up 47 cents to $13 Industry analysts raise their price targets for the aluminum maker's stock after the company weathered a rough patch in the recent quarter. Harman International Industries Inc., up $1.81 cents to $107.26 After a sharp sell-off of its shares, Raymond James upgraded the lighting and audio company. Constellation Brands Inc., down 84 cents to $80.64

Fannie, Freddie shareholders lobby against U.S. housing reform bill

By Margaret Chadbourn WASHINGTON (Reuters) - A coalition of investors in Fannie Mae <FNMA.OB> and Freddie Mac <FMCC.OB> on Wednesday launched an effort to stop Congress from moving ahead with a U.S. housing finance reform bill, arguing it would deny them a fair share in any remaining value in the two companies.

European stocks stage rebound

Europe's main stock markets rebounded on Wednesday after two days of losses as optimistic investors eyed the upcoming US results season, dealers said. London's benchmark FTSE 100 index jumped 0.90 percent to stand at 6,650.17 points in afternoon deals. In Paris, the CAC 40 index won 0.50 percent compared with Tuesday's closing values to 4,446.82 points and Frankfurt's DAX 30 gained 0.43 percent to 9,531.47.

Mortgage applications fell last week as refinance down: MBA

NEW YORK (Reuters) - Applications for U.S. home mortgages fell last week as refinancing slipped, an industry group said on Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 1.6 percent in the week ended April 4. The MBA's seasonally adjusted index of refinancing applications fell 4.9 percent, while the gauge of loan requests for home purchases, a leading indicator of home sales, rose 2.7 percent.

Marrying after 30? Open your heart - and wallet

By Geoff Williams NEW YORK (Reuters) - When Jessica Yingling and Christopher Mahoney get married this May, they will be footing the bill for their wedding. "It just seemed wrong to ask for or take money from our parents for a wedding," says Yingling, who is 36. Her husband-to-be is 38. "We're doing well in our careers, and everyone is an adult. If we want a big wedding, or anything for that matter, we should pay for it."

CVS to pay $20 million to settle SEC fraud charges

By Jonathan Stempel (Reuters) - CVS Caremark Corp, which operates the second-largest U.S. drugstore chain, will pay $20 million to settle U.S. Securities and Exchange Commission charges that it defrauded investors in 2009 by concealing significant financial setbacks and accounting improperly for an acquisition.
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