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Montgomery Zoo Adds New Gator Exhibit!

Posted: 08/22/2014 - There is a new home for one type of animal at the Montgomery zoo. Now visitor's will have an up close and personal look at alligators!

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  • Market leaders seen taking S&P 500 to 2,000

    A Wall Street sign is pictured in the rain outside the New York Stock ExchangeReaching it ahead of schedule is the latest affirmation that stocks are widely preferred to bonds, even with further upside seen as limited as the Federal Reserve remains on track to end its bond-buying stimulus program in October.. The level has more psychological than fundamental significance, and it could prompt market participants to consider whether their holdings have become stretched. The "2,000 (level) has no fundamental significance outside of suggesting that stocks are fully valued and getting more so all the time," said David Joy, chief market strategist at Ameriprise Financial in Boston. Both defensive and cyclical stocks have led at times, but traders expect technology and healthcare names, the market's current leaders, to drive it over 2,000. "Now is not the time to seek out value over growth," said Jeff Mortimer, director of investment strategy for BNY Mellon Wealth Management in Boston.


  • Fed's Yellen calls for caution on rates; Draghi says ECB ready to act

    Janet Yellen, Chair of the Federal Reserve enters the opening reception of the Jackson Hole Economic Policy Symposium in Jackson HoleBy Howard Schneider JACKSON HOLE Wyo. (Reuters) - The Federal Reserve should move cautiously in deciding when to raise interest rates given the U.S. In a speech at the Fed's annual central bank conference, Yellen laid out in detail why she feels the unemployment rate alone is inadequate to evaluate the strength of the jobs market and why the central bank needs to step gingerly. Her remarks were followed by a speech by the head of the European Central Bank, Mario Draghi, who said the ECB was ready to use all the tools at its disposal to lift euro zone inflation if it continued to drop. Together, the comments from Yellen and Draghi underscored how both central banks were wrestling with the complexities of labor markets still-wracked by the 2007-2009 financial crisis.


  • Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion

    Goldman Sachs sign is seen above floor of the New York Stock Exchange shortly after the opening bell in the Manhattan borough of New YorkGoldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. Under the settlement with the Federal Housing Finance Agency, the conservator for the two government-controlled mortgage finance companies, Goldman Sachs said it agreed to pay $3.15 billion to repurchase mortgage-backed securities from Fannie and Freddie. The FHFA, which valued the settlement at $1.2 billion, said the accord "effectively makes Fannie Mae and Freddie Mac whole on their investments in the securities at issue." The $1.2 billion reflects the amount that Goldman will pay, minus the estimated current value of the securities being bought back from Fannie and Freddie.


  • Argentina slams U.S. judge as 'imperialist,' peso halts rout

    People walk in Buenos Aires' financial districtBy Jorge A. Otaola and Richard Lough BUENOS AIRES (Reuters) - Argentina on Friday accused the U.S. District Judge Thomas Griesa blocked payments to holders of issued under U.S. Griesa ruled that measures proposed by Argentina's president late on Tuesday to make debt payments locally and push bondholders to bring their debt under Argentine law violated past court rulings. President Cristina Fernandez's measures, if enacted and executed, would potentially allow Argentina to skirt Griesa's court orders and thus resume interest payments on an estimated $29 billion in restructured bonds.


  • Ackman, other shareholders ask Allergan to call special meeting

    William Ackman, founder and CEO of hedge fund Pershing Square Capital Management, speaks to the audience about Herbalife company in New YorkBy Svea Herbst-Bayliss and Caroline Humer BOSTON/NEW YORK (Reuters) - Investors owning 31 percent of shares of Allergan Inc have asked the company to call a special shareholder meeting, activist shareholder William Ackman said on Friday, giving the hedge fund manager a victory in his fight to acquire the Botox maker. Ackman, whose Pershing Square Capital Management is Allergan's largest shareholder, said 35 shareholders including some of Allergan's "longest-standing" and "largest" investors handed in paperwork on Friday to compel Allergan to call the meeting. Pershing Square and Valeant Pharmaceutical International Inc made a $52 billion hostile offer for Allergan in April.


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