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Retail sales up healthy 3.9% in May
Despite slower job gains and signs of flagging consumer confidence, consumers hit the malls in May to refresh their wardrobes as the summer shopping season begins. Major chain stores posted a 3.9% sales increase in May compared with the same month a year...
Tags: Thomson Corporation, Zumiez Incorporated, Walmart, Nordstrom, Inc., The Wet Seal Incorporated
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Consumer confidence plunges in May
Americans' confidence in the U.S. economy suffered the biggest drop in eight months as worries about the weak jobs, housing and stock markets rattled them again. The decline comes after a few months of optimism amid some positive economic news.
The...Tags: Stock Market, Economic Indicator, Consumers, Labor Markets
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Facebook tanks to post-IPO low below $30 as other stocks rise
Wall Street returned from Memorial Day weekend without any more love for Facebook Inc., sending the newly public company’s stock down nearly 8% to a new post-IPO low. The social networking company was trading down 7.9% at $29.40 midday Tuesday in...
Tags: NASDAQ, Stock Market, Financing and Stock Offerings, Mark Zuckerberg, Morgan Stanley Dean Witter & Company
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Consumer confidence dipped in May, Conference Board says
WASHINGTON — Reading the attitudes of American consumers is getting to be as complicated as divining the preferences of American voters. Just as President Obama and presumptive Republican nominee Mitt Romney keep switching places in daily...
Tags: Economic Indicator, Consumers, Mitt Romney, Barack Obama
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Former Cudahy city manager may have taken improper raises
The former city manager of Cudahy, who worked his way from janitor to the top of the municipal ladder, appears to have improperly given himself annual cost-of-living raises meant for rank-and-file workers, according to city records. George Perez, who was...
Tags: Ricardo Lara, Crime, Law and Justice, Justice System, Lawyers
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World's most powerful radio telescope to be shared by 3 nations
World NowWorld's most powerful radio telescope to be split between South Africa, Australia and NZ: South African politicans and scientists were jubilant Friday after a decision to locate the Square Kilometer Array (SKA) radio telescope in South Africa, Australia... -
Consumer confidence surged in May to highest level since 2007
WASHINGTON -- Despite Europe's economic troubles, American consumers are feeling better about the economy than at any time since the start of the Great Recession. Consumer confidence surged in May to its highest level since October 2007, the ninth-...
Tags: Economic Indicator, Consumers
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Europe debt crisis dragging world economies down
WASHINGTON — The Eurozone debt crisis is intensifying a global slowdown, with new signs that even powerhouse Germany may be faltering, adding to worries about China and other major pillars of economic growth. Analysts worry that economies and...
Tags: International Economic Institution, World Bank Group, Finance, Economy, Business and Finance, France
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Stocks open mixed ahead of long weekend
Stocks were mixed in early trading on Wall Street amid continuing concerns over the European debt crisis but positive U.S. consumer confidence data. The Dow Jones industrial average was down 37 points, or 0.3%, to 12,493 shortly after the opening bell....
Tags: Economic Indicator, Financing and Stock Offerings, Consumers
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Britain's deep double-dip raises questions about austerity
We knew it was bad, but news out from across the pond indicates that uncertainty in Europe might be slamming the economy there even more than had been thought. Revised data show that Britain’s gross domestic product contracted more than previously...
Tags: Economic Indicator, Europe, United Kingdom, Personal Investing, World War II (1939-1945)
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More green shoots in housing market
WASHINGTON -- More green shoots are appearing in the nation's long-dormant housing market. Sales of new homes rose 3.3% in April from March to a seasonally adjusted annual pace of 343,000, the Commerce Department reported Wednesday. That was slightly...
Tags: Foreclosures, Services and Shopping, Real Estate Sales, Land Price, Real Estate
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Negative equity remains a drag on housing market
Even as a tentative housing recovery in the Southland appears underway, a big stumbling block remains: the vast number of underwater homeowners.
Nearly 1 in 3 homeowners with a mortgage in Los Angeles County owes more on the loan than the property is...Tags: Mortgages, Services and Shopping, Real Estate Sellers, Real Estate, Homes
May 31, 2012
|Story| Los Angeles Times
May 29, 2012
|Story| AP Member Choice Complete
May 29, 2012
|Story| Los Angeles Times
May 29, 2012
|Story| Los Angeles Times
May 28, 2012
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May 25, 2012
| Los Angeles Times
May 25, 2012
|Story| Los Angeles Times
May 25, 2012
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May 25, 2012
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May 24, 2012
|Story| Los Angeles Times
May 23, 2012
|Story| Los Angeles Times
May 24, 2012
|Story| Los Angeles Times
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