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Business

  • Lake City parent's quarterly earnings up 22%
    Lakeland Financial Corp. today reported record second-quarter earnings of $11.3 million, or 68 cents per diluted common share, a 22 percent increase from the $9.2 million, or 56 cents a share, posted for the same three months of 2013.
  • NCI Fort Wayne workers eligible for federal assistance
    Former employees of NCI Fort Wayne LLC, a subsidiary of Nyloncraft Inc., are certified to receive federal benefits through the Trade Adjustment Assistance program, state officials announced today.
  • Column: Cattle stampede higher
    Cattle futures shot into all-time highs again this week, reaching $1.58 per pound on Thursday.
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U.S. economic indicators show gains

WASHINGTON – A measure of the U.S. economy designed to signal future activity increased in December from November, suggesting growth may strengthen in 2013.

The Conference Board said Thursday that its index of leading indicators rose 0.5 percent in December, the best showing since September.

In November, the index was unchanged. The gauge is designed to anticipate economic conditions three to six months out.

A decline in applications for unemployment benefits, gains on Wall Street and increases in applications for building permits drove the index higher in December.

Standard & Poor’s 500 index traded above 1,500 Thursday morning, this was the first time since December 2007.

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