Finance
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JPMorgan reports higher earnings, finishes reviewJan 16, 2013 5:27 am - NEW YORK — JPMorgan Chase, the country’s biggest bank by assets, says its fourth-quarter earnings shot up 55 percent over the year. The bank made $5.3 billion after pay...
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Report: Germany to repatriate gold from U.S., FranceJan 15, 2013 9:51 am - BERLIN — A German newspaper reports the country’s central bank will repatriate parts of its massive gold reserves worth about $200 billion at current market rates from s...
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6 ways to put those unwanted gift cards to useJan 12, 2013 10:00 pm - NEW YORK — Gift cards are easily forgotten. All too often they're placed in drawers or stuffed into wallets, never to be seen again. Some $1.7 billion of the $110 billi...
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Treasury rejects trillion-dollar coinJan 12, 2013 7:06 pm - WASHINGTON — Forget about the government minting a $1 trillion coin to solve its debt-limit crisis. Treasury Department spokesman Anthony Coley said Saturday that neithe...
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Storm commission urges flood walls for subwaysJan 12, 2013 12:22 pm - ALBANY, N.Y. — A commission formed to examine ways to guard against storms like Sandy released a report Friday that calls for flood walls in subways, water pumps at airp...
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Hostess to sell breads to Flower Foods for $390 millionJan 11, 2013 6:00 pm - NEW YORK — Hostess said Friday it has a deal to selling most of its bread business, including the Wonder and Nature’s Pride, to Flowers Foods Inc. for $390 million. The ...
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Taco Bell tests ‘$1 Cravings’ value menuJan 11, 2013 4:20 pm - NEW YORK — Taco Bell is testing a new value menu that could put it in more direct competition with the Dollar Menu at McDonald’s. The Mexican-fast-food chain is testing ...
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Fitch downgrades Illinois outlook to ‘negative’Jan 11, 2013 3:35 pm - Illinois faces a possible downgrade by Fitch Ratings on $26.2 billion of general-obligation debt after lawmakers this week failed to repair the nation’s worst- funded st...
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Wells Fargo’s net rises, but mortgages slowJan 11, 2013 6:23 am - NEW YORK — Wells Fargo, the country’s biggest mortgage lender, reported a 25 percent increase in fourth-quarter earnings Friday, beating analysts’ expectations for both ...
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U.S. banks to pay $8.5B in mortgage settlementJan 08, 2013 10:13 am - WASHINGTON — Hundreds of thousands of Americans stand to benefit from the latest mortgage-abuse settlement, but consumer advocates say U.S. banks may be getting the best...