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Jehu Hand/Hand & Hand

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U.S. Stocks Close Higher For 2nd Day, Show Gain On Week
the so-called "fear index"--as measured by the CBOE Volatility Index fell 14% to 26.10.

A larger-than-expected upward revision to U.S. gross domestic product data, showing that U.S. economy grew at a faster 3.7% in the second quarter (, helped lift the spirits of investors that have been unsettled by a spate of volatility. Weekly data on jobless claims (, which pointed to continued strength in the labor market, added to the optimism.

"Today's revision means the U.S. economy is growing faster and [the] consumer spending portion points to a stronger growth in the second half of the year. With this kind of growth, we expect $135 earnings per share by the end of 2016," said Phil Orlando, chief equity strategist and senior portfolio manager at Federated Investors.

That translates to a 35% rise in the S&P 500 from its current level by the end of 2016, according to Orlando.

Global equity markets rallied following a 5.3% surge in the Shanghai Composite overnight, snapping a losing streak that wiped out nearly a quarter of its value in a week. That jump cheered investors world-wide, as fears about China have been blamed for much of the recent intense selling around the globe.

See: U.S. investors shouldn't fear China's slowdown (

Even so, some China watchers are questioning what drove the move and suggest the Chinese government intervened again. Read more: China's mystery rally (

Investors had fled from stocks largely due to a lack of confidence in the Chinese government's handling of its financial markets, and the perception that the government was spending all its political capital on propping up the stock market rather than investing in its domestic economy, said John Canally, chief economic strategist for LPL Financial.

"They're clumsy and not used to reacting to markets," Canally said. "They're new to this."

The rally in U.S. stocks implies that investors are treating the recent actions out of China much like they did the 1998 Asian markets crisis, when U.S. stocks sold off initially, then bounced back, Canally said.

On Wednesday, the S&P 500 jumped 3.9% as the Dow surged 619 points ( The benchmark S&P stands 8.9% off its May record close, after finishing down 12.4% from that level on Tuesday.

Other markets:Asian markets rebounded (, while European stocks also traded higher (

Crude oil ( settled 10% higher, while gold ( settled slightly lower. The dollar ( strengthened by 0.7%.

Economic news: The U.S. economy grew at a faster 3.7% annual pace ( in the second quarter, up from the initial estimate of growth at a 2.3% clip, the Commerce Department said Thursday.

New applications for U.S. unemployment benefits fell by 6,000 to 271,000 in the seven days ended August 22, the first decline after four straight weekly gains.

Pending home sales rose 0.5% in July after an upward revision to June's numbers, the National Association of Realtors said Thursday.

The weekend will bring the Federal Reserve's annual conference in Jackson Hole, Wyo (, where the central bank might offer fresh clues about a possible interest-rate hike. On the Fed front on Thursday, Kansas City Fed President Esther George said the market turmoil "complicates" any decision to raise rates, but she repeated her long-held call for a rate increase.

Individual movers and shakers: Prominent investor Carl Icahn revealed a roughly 6.8% stake ( in Freeport-McMoRan, Inc. (FCX) late Thursday after the company earlier in the day cut its capital spending plans for 2016 by 29% and said it would also eliminate some jobs. Shares jumped nearly 29% to lead the S&P 500 gainers and also popped higher after in after-hours trade when the stake was announced.

Tesla Motors Inc. (TSLA) shares rallied 8% after Consumer Reports gave the electric car maker's Model S sedan a 103-point score out of 100.

Tiffany & Co.(TIF) slumped 2% after its disappointing quarterly earnings report. Dollar General Corp.(DG) slid 3% following its quarterly results.

.--Victor Reklaitis in London contributed to this article.


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(END) Dow Jones Newswires

August 27, 2015 17:06 ET (21:06 GMT)

Copyright (c) 2015 Dow Jones & Company, Inc.
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samsamsamiam Member Level  Tuesday, 04/24/12 08:25:26 PM
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Post # of 94469 
Jehu Hand/Hand & Hand

Lots of interesting companies



Name: Jehu Hand, Secretary



Except as set forth below, as of September 30, 2011 the Company is not aware of any current of pending litigation which would effect the Company’s operations.

On March 18, 2011 (filed on March 30, 2011) all claims against the Company in the case styled: Advanced Multilevel Concepts, et al. v. VitaminSpice, et al. (California Superior Court, Orange County, Docket Number 30-2010-00423757, filed November 18, 2010) were dismissed on jurisdictional ground. On June 8, 2011 Plaintiffs re-filed the previously dismissed case in California in Federal Court in the Eastern District of Pennsylvania, Case, CV-113718. The Company has filed a motion to dismiss the entire case and has asserted multiple counterclaims against Plaintiffs and third party claims against Jehu Hand, the company’s’ corporate counsel until his termination for cause in July 2010. The company will aggressively pursue this litigation, defenses and counterclaims, against Jehu Hand, Jehu’s Shell Company’s, Ken Nail and Irv Pyun.

On August 8, 2011 Jehu Hand, Jeremiah Hand, John Robison, IBT South Florida / Ray Suprenard, and Esthetics World Filed an involuntary Bankruptcy Petition (United States Bankruptcy Court Eastern District of Pennsylvania Case No 11-16200MDC) The company believes this petition has no merit and was filed in bad faith. The company has moved to dismiss the petition on multiple independent grounds, and has sought sanctions against the Petitioners. Jeremiah Hand claimed $262,701 from a default judgment in a North Carolina Court ( 11 CV 000507). This Default Judgment has been set aside as of September 6, 2011 by the Judge in North Carolina. In all cases there are disputes regarding the petitioners. The company will pursue this litigation aggressively and has requested Sanctions in papers filed with the court. The company has discovered a significant relationship between Jehu Hand and Kevin Lee Woodbridge who was incarcerated on securities fraud by the SEC.

As of September 30, 2011, two pending suits existed as against the company as follows: (i) On March 9, 2011, a legal action was commenced in the General Court of Justice, State of North Carolina, County of Orange captioned Learned J. Hand v. VitaminSpice, et al. (Docket Number 11 cv 000507). The suit alleges violation of Article 8 of the Uniform Commercial Code with regard to a “stop order” placed on 50,000 of stock of the plaintiff. The company was not served properly, and plaintiff has agreed to vacate a default judgment (ii) Robison v. VitaminSpice, et al. (Supreme Court of Pennsylvania, Court of Common Pleas, Chester County, Docket Number 10 13170, Filed November 1, 2010). The Plaintiff alleges that is had an agreement with the Company whereby it loaned the sum of $50,000 to the Company and that the Company has failed to repay the loan and issue 50,000 shares of the Company’s common stock to the Plaintiff. The Company disputes the enforceability of the alleged agreement and believes the suit has no merit and has asserted numerous defenses

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