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In the wide and varied family of the thousands and thousands of funds out there, the exchange-traded fund is one of the more consumer-friendly ones.
Unlike mutual funds, exchange-traded funds, or ETFs, behave more like stocks. You can buy
into an ETF at any time, and sell it whenever you feel like it. And like a stock, an ETF's value can rise and fall--depending
on what the ETF is invested in.What do ETFs invest in? Well, they're typically linked to an index like the Dow Jones Industrial
Average or the S&P 500. So, if you had an ETF that trades the same companies that make up the Dow or the S&P, it will
rise and fall in value pretty much the same amount as the Dow or S&P.
You can also buy ETFs that invest in other
types of products, like bonds, currencies, gold or other commodities. The ETF market has grown considerably in the past few
years, so there is no shortage of ETFs to invest in.
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Tuesday, July 22, 2008
Brinker International Announces Favorable Ruling From California Court of Appeal
Comtex
DALLAS, July 22, 2008 /PRNewswire-FirstCall via COMTEX/ ----Brinker International, Inc. (NYSE: EAT) announced today that a California Court of Appeal has issued an opinion in Brinker Restaurant Corp. v. Superior Court of San Diego County which included rulings favorable to the company related to meal and rest breaks. In its opinion, the Court found that Brinker had the obligation to "make available" meal and rest breaks to its employees, but did not have the obligation to "ensure" that they were taken. In doing so, the Court ruled that the case cannot proceed as a class action.
"We are pleased that the Court of Appeal ruled that the trial court should not have certified a class in this case, and agrees with Brinker's understanding of the legal standards for providing meal and rest breaks," stated Roger Thomson, Executive Vice President and General Counsel of Brinker International. "We look forward to the case's return to the trial court for action on the remaining individual issues."
About Brinker International
Brinker International, Inc. is one of the world's leading casual dining restaurant companies, serving more than 1 million guests daily. Founded in 1975 and based in Dallas, Texas, Brinker owns or franchises more than 1,800 restaurants in 24 countries and employs more than 120,000. Brinker restaurant brands include Chili's Grill & Bar, Romano's Macaroni Grill(R), On The Border Mexican Grill & Cantina(R) and Maggiano's Little Italy. The company was named one of FORTUNE Magazine's Most Admired Companies in 2006 and was honored by the magazine as one of the Top 50 Employers for Minorities and the Top 50 Employers for Women. For more information visit http://www.brinker.com.
SOURCE Brinker International, Inc.
http://www.brinker.com
Copyright (C) 2008 PR Newswire. All rights reserved ********************************************************************** As of Friday, 07-18-2008 23:59, the latest Comtex SmarTrend� Alert, an automated pattern recognition system, indicated a DOWNTREND on 05-22-2008 for EAT @ $20.85. For more information on SmarTrend, contact your market data provider or go to www.mysmartrend.com SmarTrend is a registered trademark of Comtex News Network, Inc. Copyright � 2004-2008 Comtex News Network, Inc. All rights reserved.
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