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As stocks hit new highs, is the market overheating?
NEW YORK -- Wall Street will be watching Ben Bernanke's testimony before Congress on Wednesday, hoping the Federal Reserve chairman will offer clues as to when the central bank may begin turning off its spigot of easy money. Investors will also be...Tags: Virgin Group, Ltd., Federal Reserve, Central Bank, Money and Monetary Policy, Prices
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Freddie Mac: Mortgage rates rise; average 30-year loan at 3.51%
Mortgage rates rose this week, with a widely watched survey reporting that lenders were offering 30-year fixed-rate loans at an average of 3.51%, up from a near-record low of 3.35% two weeks ago. The survey, released Thursday by mortgage financier...
Tags: Mortgages, Freddie Mac, Financial and Business Services, Loans
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Bay Area median home price tops half-million-dollar mark — again
The median home price in the San Francisco Bay Area moved above the half-million-dollar threshold last month — a sign of just how hot that market is getting. The median price for a home in the nine-county area was $510,000 in April, up 17% from...
Tags: Homes, Prices, House Building
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Morale hits a new low on Egypt stock market
CAIRO — His phone doesn't ring and his charts are gloomy. But every day Mostafa Ismail, a financial broker with a hangman's demeanor, steps into the Egyptian stock exchange hoping for positive blips. They are rare in a nation where revolution...
Tags: Hosni Mubarak, Revolutions, Orascom Group, Inc., Religion and Belief, Economy, Business and Finance
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California's housing market surges in April
California’s housing market surged last month as prices jumped from Southern California to the San Francisco Bay Area. The state’s median home price in April ticked up 3.5% from the previous month and soared 22.7% from the same month a...
Tags: Real Estate Buyers, Homes, Services and Shopping, Prices, Foreclosures
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Dow continues to sizzle, topping 15,000 for the first time
NEW YORK — Another day, another milestone on Wall Street. The red-hot Dow Jones industrial average barreled past 15,000 to close Tuesday at its highest point in history. It marked the 16th record close for the blue-chip index this year and...
Tags: Walter Hamilton, ING Group, Wal-Mart Stores, Inc., Companies and Corporations, Economy, Business and Finance
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LinkedIn shares plunge after first-quarter earnings release
SAN FRANCISCO — LinkedIn Corp. has consistently beat Wall Street expectations since its initial public stock offering two years ago. The professional networking service did it again Thursday, reporting first-quarter revenue and net income that...
Tags: Quarterly or Semiannual Financial Statements, Social Media
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J.C. Penney ad: 'What matters with mistakes is what we learn'
J.C. Penney is pleading publicly for its customers to come back to its stores, releasing a new commercial apologizing for a jumble of changes instituted by recently ousted chief executive Ron Johnson. The 30-second video went live on YouTube, Facebook...
Tags: JC Penney Company Inc., Ron Johnson, Social Media, Goldman Sachs Group, Inc., Media Industry
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J.C. Penney woes may persist as Best Buy rebounds
For a while, J.C. Penney and Best Buy seemed to be doppelgangers. The two retailers struggled with intensifying competition after years of comfortable stagnation. Beset by Wall Street skepticism and shaky consumer loyalty, each made sweeping attempts at...
Tags: Richard Schulze, Quarterly or Semiannual Financial Statements, Companies and Corporations, Marketing, Economy, Business and Finance
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Are your mortgage modification terms worth continuing payments?
Financially strapped homeowners who are close to foreclosure may want to face the music now rather than continuing to struggle with their monthly payments. There's a high probability of losing the house anyway, even with the government's help. According...
Tags: Mortgages, Financial and Business Services, Federal Reserve, Central Bank, Economy, Business and Finance
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Stocks fall nearly 1% on anxiety about Friday's employment report
NEW YORK -- The first day of May gave investors reasons to worry about a sluggish economy, sending stocks down nearly 1% Wednesday. The Dow Jones industrial average fell 138.85 points, or 0.94%, to 14,700.95 at the closing bell on Wall Street. The...
Tags: Unemployment Rate, Federal Reserve, Employment, Employment Opportunities, Automatic Data Processing, Inc.
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Investors snap up $17 billion in Apple bonds
First came the frenzy for iPhones and iPads. Now there's a scramble for iBonds. Apple Inc. sold $17 billion in bonds Tuesday, a gargantuan deal that ranked as the largest in global corporate history. And even though the securities are paying...
Tags: IBM, Employment, Companies and Corporations, Economy, Business and Finance, Finance
May 20, 2013
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May 10, 2013
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May 1, 2013
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