A maker of energy-efficient lighting elements is expanding and plans to add 575 jobs in the next three years.
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Investors celebrated news of another jump in home sales by propelling the Dow Jones Industrial average to its first close above 9,000 since January.
Some pullback is to be expected a day after the Dow Jones industrial average jumped 498 points, or 6.8 percent, after the government detailed a plan to take over up to $1 trillion in bad mortgage securities.
Careful to blame only himself, a "deeply sorry and ashamed" financier Bernard Madoff pleaded guilty yesterday to pulling off what could be the biggest, most spectacular swindle that Wall Street has ever seen and was sent to jail in handcuffs to the applause of his furious victims. "I realized that my arrest and this day would inevitably come," Madoff said in a courtroom crammed with many of the investors that he cheated out of billions of dollars.
Wall Street ended a tumultuous two-week run relatively quietly yesterday, finishing another back-and-forth session mixed as investors were cheered by signs of easing in the credit markets and managed to absorb lackluster economic news with equanimity.
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