Finance
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Egan-Jones cuts U.S. debt ratingSep 14, 2012 4:40 pm - NEW YORK — Egan-Jones is downgrading its rating on U.S. debt to AA- from AA, citing Federal Reserve plans to try to stimulate the economy. The credit rating agency says ...
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Fed seeking to create wealth, not just cut ratesSep 14, 2012 4:34 pm - WASHINGTON — The Federal Reserve wasn’t just trying to drive interest rates lower when it announced a third round of bond purchases Thursday. It also wants to make Ameri...
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Illinois foreclosures surgeSep 13, 2012 5:09 pm - Illinois soared to the highest foreclosure rate in the U.S. last month as job losses mounted, luring investors like Waypoint Real Estate Group LLC that scoured the state...
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Fed to spend $40B a month on bond purchasesSep 13, 2012 12:16 pm - WASHINGTON — The Federal Reserve says it will spend $40 billion a month to buy mortgage-backed securities for long as necessary to stimulate the still-weak economy and r...
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Average on 30-year US mortgage stays at 3.55 pct.Sep 13, 2012 11:33 am - WASHINGTON — The average rate on the 30-year fixed mortgage held steady this week, staying slightly above the lowest level on record. Low mortgage rates have aided a mod...
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Expectations high for major Fed action ThursdaySep 12, 2012 10:59 am - WASHINGTON — If the world’s investors are right, the Federal Reserve is about to take a bold new step to try to invigorate the U.S. economy. And many expect the Fed to u...
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IRS windfall another whistleblower win for law firmSep 11, 2012 8:17 pm - By Paul Farhi/The Washington Post WASHINGTON — Stephen Kohn had 104 million reasons to be happy on Tuesday. But America’s taxpayers should be happy, too, he said. Kohn...
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Gov’t receives $2.7B from latest AIG share saleSep 11, 2012 4:02 pm - WASHINGTON — The Treasury Department says it has received an additional $2.7 billion from the sale of American International Group stock. The sale comes one day after th...
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Retail group says it opposes card fee settlementSep 11, 2012 4:00 pm - NEW YORK — The National Retail Federation is opposing a proposed $7.25 billion settlement that Visa Inc., MasterCard Inc. and major banks have agreed to pay retailers fo...
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Morgan Stanley to buy Citi’s Smith Barney stakeSep 11, 2012 10:10 am - NEW YORK — Morgan Stanley and Citigroup settled a dispute Tuesday over the value of the brokerage firm Morgan Stanley Smith Barney, which they jointly own. The deal cle...