Finance
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Citigroup drops after report bond-trading revenue to declineSep 23, 2013 11:04 am - Citigroup Inc. fell the most since June, the fourth-worst performance in the Standard & Poor’s 500 Index, after a newspaper reported that the bank’s third-quarter bond-t...
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Rock-bottom mortgage rates evaporating on recovery in U.K.Sep 22, 2013 6:25 am - Rock-bottom mortgage rates may be a thing of the past in the U.K. as banks’ borrowing costs surge amid growing evidence that an economic recovery is taking hold. Five-ye...
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Harvard launches $6.5 billion capital campaignSep 21, 2013 6:54 pm - BOSTON — Harvard University launched a $6.5 billion capital campaign Saturday that, if successful, would be the largest fundraising effort in the history of higher educa...
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Burst of IPOs follows market gainsSep 21, 2013 5:06 am - The stock market has been heating up, driving demand for IPOs. There have been 140 initial public offerings of stock this year, up 46 percent from the same time in 2012...
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U.S. 30-year mortgage rate dips to 4.50 percentSep 19, 2013 4:26 pm - Average U.S. rates on fixed mortgages declined this week amid signs the economic recovery is slowing. Mortgage buyer Freddie Mac said Thursday that the average rate on t...
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Wells Fargo to lay off 1,800 mortgage employeesSep 19, 2013 4:07 pm - NEW YORK — Wells Fargo plans to lay off an additional 1,800 employees from its mortgage department, after cutting about 2,300 jobs from the same unit in August. Spokesma...
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Detroit bankruptcy foes beg for judge's helpSep 19, 2013 4:00 pm - DETROIT — It all came down to three minutes. It took decades of mismanagement to build the massive problems that plunged Detroit into bankruptcy. Lawyers will spend mont...
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Home sales hit 6½-year high but could slow soonSep 19, 2013 3:52 pm - WASHINGTON — U.S. home sales rose last month to the highest level since February 2007 as buyers rushed to close deals before mortgage rates increased further. Yet the ga...
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Employers look to cut back on spousal coverageSep 15, 2013 6:41 am - Your company may be having second thoughts about the health insurance it offers to your spouse. That means you might wind up paying more for that coverage or have to swi...
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Obama to use Lehman anniversary to cite progressSep 14, 2013 1:47 pm - WASHINGTON — President Barack Obama is marking the fifth anniversary of the Lehman Brothers collapse by trying to lay claim to an economic turnaround and warning Republi...