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Nexstar Broadcasting increases dividend 26.3%

Nexstar Broadcasting Group Inc. said it is increasing its dividend by 26.3% to 24 cents per share beginning with the first quarter of 2016. The dividend is payable on Feb. 26, 2016 to the shareholders of record as of Feb. 12, 2016. This is the third consecutive annual cash dividend increase, according to Perry Sook, chief executive of the company. Nexstar shares are down 7.8% for the past 12 months while the Nasdaq is down 5.9% for the same period.

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U.S. stock futures rally, tracking sharp gains for oil prices

U.S. stock futures shot higher early Friday, as crude oil prices continued to climb. Dow Jones Industrial Average futures rose 157 points, or 1%, to 15,944, while S&P 500 futures jumped 20.25 points, or 1%, to 1,881. Nasdaq 100 futures gained 51.25 points, or 1.2%, to 4,181.25. Stocks finished higher on Thursday, aided by a rebound for oil prices. Gains came as U.S. crude oil climbed $1.31, or 4.4%, to $30.83 a barrel, while Brent crude jumped $1.48, or 5%, to $30.73 a barrel.

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North Korea detains U.S. college student over ‘hostile act’: reports

North Korea says it has detained a U.S. college student, claiming the person committed a “hostile act against the state,” according to media reports Friday. State-run KCNA news agency said the detainee, who has not been named, is a university student from Virginia, and U.S. embassy official in South Korea’s capitol of South said they were aware of the incident.

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Valero Energy board hikes dividend by 20%

Valero Energy Corp. said late Thursday its board approved a 20% hike to the oil company’s quarterly dividend. The board raised the dividend to 60 cents a share from 50 cents a share. The new dividend is payable March 3 to shareholders of record as of Feb. 9. Valero shares rose 0.9% to $63.99 after hours.

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