Richard Roth, D-Riverside, and Stephen Knight, R-Palmdale, would expand the tax credit to Northrop. It sailed through the Legislature this week, including a 73-0 Assembly vote Monday and 32-4 Senate vote Wednesday. Northrop Grumman said it would create 1,500 new jobs in Palmdale under the $55 billion bomber contract, even without a tax subsidy. But the company objected to the tax credit being originally offered to only one bidder, saying the Legislature was putting it at a competitive disadvantage. Both Northrop and Lockheed have facilities near Palmdale in the desert northeast of Los Angeles. The credits only apply if one the bomber contract is awarded and the winner builds it in California.
Friday Sector Leaders: Energy, Consumer Products - Forbes
Within that group, Kinder Morgan ( NYSE: KMI ) and EOG Resources ( NYSE: EOG ) are two large stocks leading the way, showing a gain of 3.4% and 2.2%, respectively. Among energy ETFs , one ETF following the sector is the Energy Select Sector SPDR ETF ( AMEX: XLE ), which is international etf bews letter up 0.4% on the day, and up 9.51% year-to-date. Kinder Morgan Inc., meanwhile, is up 18.00% year-to-date, and EOG Resources, Inc. is up 26.98% year-to-date.
Wicked Strong Won Not Wreaking This South Korea ETF - Yahoo Finance
Ares Management (ARES) reported Q2 earnings of $0.33 per share and revenue of $131.6 million, which was up 47% from a year prior. ARES was steady at $17.99 in pre-market trading. SPDR S&P International Technology Sector ETF (IPK) was also flat. Among semiconductor ETFs, SPDR S&P Semiconductor (XSD) and Semiconductor Sector Index Fund (SOXX) were unchanged after posting losses in the previous session.
dollar. DXKW was up 0.7% Thursday and DBKO was down 0.8%. FKO and EWY do not hedge their currency risk, so an appreciating won would make the Korean won-denominated assets worth more in U.S. dollar terms.