Feds give $1 mln in aid to repair collapsed bridgeFri, 24 May 2013 20:57:26 GMT
WASHINGTON - U.S. Secretary of Transportation Ray LaHood on Friday announced that the government is allocating $1 million in federal emergency funds to Washington State to help repair the Interstate 5 bridge. A section of the four-lane interstate bridge, located 60 miles north of Seattle, collapsed into the water Thursday, disrupting travel in both directions. "We are doing everything possible to restore mobility as quickly as possible and expedite repairs," said LaHood. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.
Pandora shares fall late on profitability concernsFri, 24 May 2013 20:10:33 GMT
SAN FRANCISCO -- Pandora Media Inc. shares turned south in afternoon trading Friday, closing with a loss of 73 cents a share, or 4.3%, at $16.43. On Thursday, the online radio company reported better-than-expected first-quarter results and gave an upbeat second-quarter forecast. Pandora's shares hit a 52-week-high of $19.37 early Friday before questions about the quality of its results weighed on the stock. "Pandora needs to show further monetization gains in order to reach sustainable profitabilty," said Dougherty & Co. analyst Steven Frankel, in a research note. "The mission is far from complete. Penetrating the local ad market will be an important next step."Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move.