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Private prison stock rises on election news
Nov 10, 2016 12:04 am
Bob Bryan in Business Insider reports that private prison companies stocks moved higher after the election of Donald Trump as the next U.S. president. Corrections Corporations of America rose 40 percent in initial trading and GEO Group rose 20 percent. In August, President Barack Obama and the Department of Justice announced that the federal government would stop using private facilities, with Hillary Clinton, Trump's Democratic opponent, supporting those measures too. Read the full story at Business Insider.