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The Markets
NASDAQ 4456.02
4,457.94 (-)
NYSE 11016.24
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S&P 1983.53
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Key Carolina Companies
| Symbol Lookup | AP Market Summary
The Senate voted Wednesday to advance an election-year bill limiting tax breaks for U.S. companies that move operations overseas. But big hurdles remain.
Sealed Air Corp., a Fortune 500 company known for making Bubble Wrap, announced Wednesday that it will move its headquarters to Charlotte, bringing 1,262 jobs.
U.S. stock indexes were mostly higher in midday trading Wednesday as investors weighed positive earnings in the technology sector against disappointing news out of aircraft giant Boeing and other companies. Biotechnology stocks were among the biggest gainers.

Increased production of passenger jets helped push up Boeing's profit by 52 percent in the second quarter, topping Wall Street's expectations.

Regulators have voted by a narrow margin to end a longtime staple of the investment industry — the fixed $1 share price for money-market mutual funds — at least for some money funds used by big investors.

PepsiCo raised its forecast for the year on Wednesday and said its new Lay's potato chips — including a cappuccino variety — should help boost its profit in the months ahead.

Delta Air Lines Inc. said Wednesday that second-quarter earnings rose 17 percent, topping analysts' expectations, as passengers flew more miles at higher average fares and fuel spending declined.

Charlotte-based Sonic Automotive Inc. reported a strong second quarter, as revenue from preowned vehicles drove profit to more than double from the same quarter last year.

Apple's growth prospects are looking brighter as anticipation builds for the upcoming release of the next iPhone, a model that is expected to cater to consumers yearning for a bigger screen.

A New Jersey company plans 250 jobs in a new Charlotte office designed to help financial services companies comply with a growing number of regulations emerging from the financial crisis.

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