Finance
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Countrywide CEO settles with SEC for $67.5 milOct 14, 2010 11:00 pm - LOS ANGELES — Countrywide Financial Corp. co-founder Angelo Mozilo has agreed to a $67.5 million settlement to avoid trial on civil fraud and insider trading charges tha...
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Bank of America sued by Chicago-area bankOct 14, 2010 11:00 pm - Federal Home Loan Bank of Chicago sued lenders including Bank of America Corp. claiming their failure to disclose relaxed subprime mortgage underwriting standards, led i...
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Banks seize 288K homes in Q3Oct 13, 2010 11:00 pm - LOS ANGELES -- Lenders seized more U.S. homes this summer than in any three-month stretch since the housing market began to bust in 2006. But many of the foreclosures ma...
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Survey: Investment managers see double-dip recession unlikelyOct 13, 2010 11:00 pm - Institutional investment managers' expectations for global growth improved in the third quarter and more than two-thirds of those surveyed believe a double-dip recession...
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Dominick's parent profit surpasses estimates as tax expenses declineOct 13, 2010 11:00 pm - Safeway Inc., which has its Dominick's grocery chain based in Oak Brook, Thursday posted third-quarter profit that topped analysts' projections as income-tax expenses dr...
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Morningstar launches Portfolio Management ServicesOct 13, 2010 11:00 pm - Morningstar Inc., a provider of investment research, today said it has launched Morningstar Portfolio Management Services, a new enterprise portfolio management and per...
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Slooooow recovery expectedOct 13, 2010 11:00 pm - Economic forecaster Robert Genetski warned more than 500 members of the suburban business community Thursday to expect to grapple with the economy for a while longer. “...
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Mortgage refinancing requests climb 21 percentOct 12, 2010 11:00 pm - NEW YORK — Applications for mortgage refinancings jumped last week, while purchase applications fell. The Mortgage Bankers Association said Wednesday overall application...
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Poll: Weak economic growth expected through 2011Oct 10, 2010 11:00 pm - WASHINGTON -- Top forecasters say the economy will grow this year and next at a slower pace than previously thought, weakened by governments and consumers spending less ...
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CUB: You're wasting money on some mobile phone plansOct 10, 2010 11:00 pm - If you haven't looked at your wireless phone bill lately, take a good look right now. You just might be spending an average of $359 too much every year. The Citizens Uti...