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Today's News
Minn. to open trade office in Germany
1 hour, 39 minutes ago
Gov. Mark Dayton says the state will open a European trade office in Germany to promote exports and foreign investment back in Minnesota. Dayton announced the new outpost Wednesday while traveling in Germany with a business delegation. It is one of three international offices the Legislature allotted money for in the new state budget. The other two locations have yet to be announced. Minnesota currently has a trade office in Shanghai, China.
Judge to hear new evidence in school finance case
1 hour, 39 minutes ago
Texas will crack open its already-decided school finance trial in January for new testimony on how the Legislature's recent restoration of classroom funding affects the case, a judge ruled Wednesday. Legislators also cut the number of standardized tests high school students must pass to graduate from a nation-leading 15 to five. The original case hinged on schools having to prepare the state's 5-plus million public school attendees for sky-high academic standards as their budgets shrank.
Barclays upgrades Cemex to "Overweight"
1 hour, 39 minutes ago
A Barclays analyst on Wednesday upgraded Cemex SA to "Overweight" from "Equal Weight," saying that the Mexican cement company's shares have the potential to rise. Theurer also noted that the U.S. housing market and cement-related spending are looking better. He noted that while new home construction rose less than expected in May, the trend remained positive. In addition, increases in building permits for future construction imply possible additional gains, he said.
S&P upgrades Realty Income
1 hour, 39 minutes ago
Credit ratings agency Standard & Poor's on Wednesday raised its corporate credit rating on Realty Income Corp. S&P raised the corporate credit rating one notch in investment-grade territory to "BBB+" from "BBB," indicating the company has adequate capacity to meet financial commitments. The outlook is stable.
