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Market Update : 
Two Downgrades on Apple
Author: Elena Todorova
123jump.com
Last Update: 1:39 PM EST December 14 2005

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Oil inventories rose by 900,000 barrels for the week ended Dec 9, climbing to 321.2 million barrels, following an advance of 2.7 million last week. The U.S. October trade deficit unexpectedly rose to an all-time high of 4.4% in October to $68.9 billion as oil shipments soared and the U.S. set deficit records with China, Europe, Canada and Mexico. The Labor Dept report showed that import and export prices in November fell 1.7% and 0.9% respectively.

 
Argon ST, Inc. (STST: chart), a maker of systems and sensors for military applications, announced that Q4 net income soared 95% to 29 cents a share from the year-ago period matching analysts’. Sales more than doubled. Argon envisages fiscal 2006 revenue in the range of $330 million to $345 million.
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