Finance
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Freddie Mac earns $5 billion in second quarterAug 07, 2013 11:50 am - WASHINGTON — Freddie Mac earned $5 billion from April through June, the seventh straight profitable quarter for the mortgage giant. The second-quarter gain reported Wed...
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Failed Wilmette bank's managers arraigned; suburban stores alleged victimsAug 06, 2013 8:15 pm - The leaders of a state-chartered bank in Wilmette that failed in 2012 were formally arraigned Tuesday on fraud charges alleging a criminal shakedown scheme and using ban...
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Taco Bell expanding test of waffle taco, breakfastAug 06, 2013 5:01 pm - NEW YORK — Taco Bell says it’s expanding its small test of waffle tacos, as it prepares to take its breakfast menu national sometime next year. The fast-food chain says ...
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Washington Post sale ends Buffett’s stake in paperAug 06, 2013 5:00 pm - OMAHA, Neb. — Warren Buffett’s company’s longtime stake in the Washington Post newspaper will end when the publication is sold to Amazon.com founder Jeff Bezos. Buffett’...
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McDonald's franchisees rebel as chain raises feesAug 06, 2013 4:00 pm - McDonald's Corp., already struggling to sell burgers in the U.S., now must contend with a brewing franchisee revolt. Store operators say the company, looking to improve ...
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Stocks slide on weak profitsAug 06, 2013 3:53 pm - NEW YORK — Warnings of weaker profits helped pull the stock market down on Tuesday, despite some positive economic news. American Eagle plunged after the retailer slash...
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Oak Brook’s Inland Real Estate Investment names new CEOAug 05, 2013 11:15 am - Inland Real Estate Investment Corp. of Oak Brook, named Mitchell A. Sabshon Chief Executive Officer, succeeding Robert Parks, who will continue as chairman of the compan...
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Hedge funds: from rock stars to fallen stars?Aug 04, 2013 7:36 am - NEW YORK — Hedge funds were once the rock stars of the financial industry. The smartest people worked for them. The wealthiest gave them their money. They were an easy p...
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Financial considerations for homebuyers over 40Aug 04, 2013 7:26 am - LOS ANGELES — It’s often the most daunting and emotionally taxing item on one’s financial to-do list: Buying a home. Most people wade into homeownership for the first t...
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Following Bernanke means using precedent of unprecedented policyAug 04, 2013 6:48 am - WASHINGTON — The success of the next Federal Reserve chairman, be it Janet Yellen, Lawrence Summers or someone else, will depend less on their grounding in monetary poli...