Finance
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Narrow profit for Bank of America beats expectationsOct 17, 2012 8:30 am - NEW YORK — Bank of America said Wednesday that it narrowly turned a profit from July through September, good enough to beat Wall Street expectations. The bank earned $34...
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Citi beats expectations after loss on brokerageOct 15, 2012 10:56 am - NEW YORK — Citigroup says it has beat Wall Street predictions for quarterly earnings after stripping out a big loss on its retail brokerage and other one-time charges. ...
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Wells Fargo earnings rise in 3Q as loan book growsOct 12, 2012 9:22 am - Wells Fargo posted record earnings in the third quarter as the bank increased mortgage lending and pocketed more fees. Wells, the nation’s biggest mortgage lender, expa...
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Profits soar at 2 largest mortgage lendersOct 12, 2012 6:00 am - NEW YORK — Is the mortgage market really back? The country's two biggest mortgage lenders, Wells Fargo and JPMorgan Chase, reported Friday that a surge in home lending p...
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5 tips for dealing with looming cap gains tax hikeOct 07, 2012 7:20 am - The impending jump in capital gains taxes has prompted a flood of nervous calls to financial advisers in recent months. Less than three months remain until the maximum r...
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US consumer credit up $18.1 billion in AugustOct 05, 2012 4:00 pm - WASHINGTON — Americans boosted their borrowing in August by the largest amount in three months with strong gains in the category that covers auto and student loans and i...
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Fed open to linking rate hike to economic gaugeOct 05, 2012 6:23 am - WASHINGTON — The Federal Reserve wants to find a clearer way to signal to the public when it might start raising interest rates. The Fed has told investors that it plans...
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Draghi nudges Spain to take up bond planOct 04, 2012 11:00 am - FRANKFURT, Germany — European Central Bank President Mario Draghi nudged Spain and its European partners to take up bank's offer of help with the country's high debt cos...
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Chanel heads up imaginative day of Paris showsOct 02, 2012 6:00 pm - PARIS — “Don’t take things too seriously,” said Karl Lagerfeld standing next to a towering wind turbine inside Paris’ Grand Palais, “especially not fashion.” Chanel’s ve...
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Economy showing resiliencyOct 02, 2012 3:57 pm - WASHINGTON — The U.S. economy is looking more resilient, thanks in part to encouraging signs for the two most expensive purchases most Americans make: cars and homes. Ch...