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Midday Market Report: 2/26/13

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  • Description

    Macy's reports fourth-quarter profit of $730 million

  • Duration 1:23
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-- -- for retail earnings -- is reporting a fourth quarter -- 730.

Million dollars it's relatively new strategy at tailoring merchandise to local markets real -- up over the winter holidays and home Depot's fourth quarter net income surging 32%.

Helped by strong US -- ultimately get superstar -- in the home improvement retailer also buying back stock and boosting its quarterly dividend by 34%.

The S&P case Shiller index tracking home prices and when he cities rose two tenths of 1% in December from November better unexpected.

Prices over the past year rose six point 8% Atlanta and Detroit -- the biggest gains on an annual basis since 1991.

Index committee chairman David Blitzer warns however that quote of these movements combined with other housing data.

Suggest that while housing is on the upswing in some of the strongest numbers may have already been seen.

And the way to -- federal and state budget gaps increasing graduation rates.

The alliance for excellent education says high school dropouts are costing some one point eight billion dollars in lost tax revenue every year.

Nationally and 90% graduation rate would bring in more money because -- typically earn more money then dropouts.

More a lot on Fox Business stock Kong in New York on -- -- --

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