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Record-low mortgage rates make refinancing (or re-refinancing) look tempting (Aug-13, 23:00 EDT )-- With mortgage interest rates setting record lows almost every week for more than two months, two questions naturally come to mind: How low can they go? And should I refinance -- again? Mortgage - Business - Financial Services - United States -...
Stairs can pose a problem as you get older, so take steps now to ease the climb (Aug-13, 23:00 EDT )-- Eventually, the 17 steps became too much for Karl Schwengel. Recreation - Shopping - Toy - Organizations - Robot
Fed's Hoenig: Keeping rates low "dangerous gamble" (Reuters) (Aug-13, 21:15 EDT )-- Reuters - The Federal Reserve is undertaking a "dangerous gamble" by keeping rates at near zero for so long, and it must start raising rates or risk damaging the nascent U.S. recovery, a top Federal Reserve official said on Friday.
Student lender Nelnet settles lawsuit for $55M (AP) (Aug-13, 15:59 EDT )-- AP - Student lender Nelnet has agreed to pay $55 million to settle a whistle-blower lawsuit that accused the company and nine other lenders of defrauding the U.S. government out of $1 billion.
Summary Box: Auto sales boost weak retail sector (AP) (Aug-13, 15:22 EDT )-- AP - SALES UP: Retail sales rose 0.4 percent in July, the first increase after two months of declines. The strength came from a big jump in auto sales and higher gasoline prices.
Fed official sees bigger risks in future, not now (AP) (Aug-13, 15:03 EDT )-- AP - When it comes to the economy, Thomas Hoenig seems more worried about the future than the present.
Fed dissenter slams ultra low rate policy (AFP) (Aug-13, 14:50 EDT )-- AFP - The lone dissenter on the US Federal Reserve's policy-making body lashed out Friday at its decision to keep interest rates at virtually zero percent, warning such a policy could boomerang.
In a sluggish economic summer, no easy fix ahead (AP) (Aug-13, 14:48 EDT )-- AP - The Federal Reserve has little power left to lift the economy out of its rut. Congress, with an election looming, has no appetite for more stimulus. Shoppers are reluctant to spend, and businesses are slow to hire.
U.S. banks starting to develop plans for complying with financial overhaul law (Aug-13, 14:31 EDT )-- Wheels are in motion at the country's biggest banks to eliminate lucrative parts of their businesses banned by the financial overhaul legislation signed into law last month. United States - Financial services - Business - Banking Services - Banks...
A look at economic developments around the globe (AP) (Aug-13, 13:56 EDT )-- AP - A look at economic developments and activity in major stock markets around the world Friday:
Moody's upgrades Church & Dwight on strong metrics (AP) (Aug-13, 13:39 EDT )-- AP - Moody's Investors Service has upgraded Church & Dwight Co. Inc.'s ratings to investment grade on the company's strong credit metrics and growth despite the tough economy.
ChaCha, kgb bank on human-powered search engines for cellphones, mobile devices (Aug-13, 13:09 EDT )-- Need to know the weather forecast for Boise, Idaho? Trying to settle a bar bet about the colors of the Zambian flag? Wondering which Pauly Shore movie came first, "Encino Man" or "Son in Law?" ChaCha - Search - Web Design and Development -...
Fed economist: US must avoid mistakes of the past (AP) (Aug-13, 11:35 EDT )-- AP - The success of Congress' financial reforms depends on how well regulators implement them, the head of the Federal Reserve's 10th District said Friday.
Buffett's Investing Enemies, and How to Beat Them (The Motley Fool) (Aug-13, 11:00 EDT )-- The Motley Fool - I learned this lesson the hard way, biking down a steep hill as a kid -- before helmets or hand brakes or pretty much any other safety measure were thought necessary for kids riding bikes down steep hills.
India eyes Google and Skype in security crackdown (Aug-13, 10:18 EDT )-- MUMBAI, India -- India may ask Google and Skype for greater access to encrypted information once it resolves security concerns with BlackBerrys, which are now under threat of a ban, according to a government document and two people familiar with the...
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Auto sales boost otherwise weak retail sector (AP) (Aug-13, 09:51 EDT )-- AP - Americans spent less at most retail stores in July and inflation remained tame as high unemployment and weak job growth fueled fears of a slowing economic recovery.
Retail sales tepid but sentiment finds a footing (Reuters) (Aug-13, 09:40 EDT )-- Reuters - Retail sales rebounded in July but showed hints of lingering economic softness, as did inflation data showing underlying price pressures stuck at their lowest level since the 1960s.
Germany drives record recovery, but experts fear 'peak' (AFP) (Aug-13, 09:36 EDT )-- AFP - Powerhouse Germany posted its best growth since reunification on Friday, driving Europe past the United States in a four-year record but analysts warned the recovery could be peaking out.
Retail sales rise slightly in U.S. (Aug-13, 09:17 EDT )-- Retail sales rose slightly and the cost of living in the United States climbed in July for the first time in four months in hopeful signs that the economic recovery may be stabilizing. Business - Retail - Retail Trade - Consulting - Salesmanship
Business inventories up 0.3 percent in June (AP) (Aug-13, 09:13 EDT )-- AP - Inventories held by businesses rose for a sixth straight month in June but sales declined for a second month in a row.
Consumer prices rise after 3 straight declines (AP) (Aug-13, 08:30 EDT )-- AP - Consumer prices rose in July by the most since last August as energy costs increased for the first time in five months.
Germany leads eurozone to stronger growth (AP) (Aug-13, 08:25 EDT )-- AP - The economy of the 16 countries that use the euro grew by a better-than-expected 1 percent during the second quarter as growth engine Germany expanded at its fastest pace since reunification two decades ago.
INSTANT VIEW: U.S. retail sales up in July, CPI higher (Reuters) (Aug-13, 08:05 EDT )-- Reuters - U.S. retail sales rose in July in a hopeful sign for the economy, but the gains were concentrated in auto and gasoline station sales, suggesting underlying momentum in consumer spending remains tame.
J.C. Penney cuts outlook on consumer weakness (AP) (Aug-13, 08:04 EDT )-- AP - J.C. Penney Co. cut its profit outlook for the rest of the year, a sign of jitters that Americans, still stinging from the recession and worried about jobs, aren't going to spend more any time soon.
German juggernaut propels euro zone GDP jump (Reuters) (Aug-13, 06:02 EDT )-- Reuters - European economic growth accelerated sharply in the second quarter of 2010 as Germany's best performance since reunification more than made up for the struggles of Spain, Ireland and recession-ravaged Greece.
Germany sees fastest growth since reunification (AP) (Aug-13, 05:47 EDT )-- AP - Germany's economy surged ahead in the second quarter, growing 2.2 percent — the fastest pace for at least two decades and beating market forecasts — as a global recovery fed demand for its exports.
OPEC sees continued supply overhang on slow demand (Reuters) (Aug-13, 05:37 EDT )-- Reuters - Demand for oil will continue to grow slowly in 2011, when world economic expansion is projected to be slightly lower than this year's, OPEC said on Friday.
Euro zone records strong GDP growth in second quarter (Reuters) (Aug-13, 05:35 EDT )-- Reuters - Euro zone gross domestic product grew at its fastest pace in more than three years in the second quarter, boosted by a strong performance by Germany and France, but concerns remain that the rebound could falter.
Japan PM and BOJ governor may meet next week on yen (Reuters) (Aug-13, 04:41 EDT )-- Reuters - Japanese Prime Minister Naoto Kan and Bank of Japan Governor Masaaki Shirakawa may meet as early as next week to discuss the yen's strength and possible responses, although likely options are seen as limited.
German growth surges in Q2 (Reuters) (Aug-13, 03:51 EDT )-- Reuters - German gross domestic product grew 2.2 percent in the second quarter, the biggest gain since reunification, driven by investment and exports, the Federal Statistics Office said on Friday.
Elizabeth Warren, likely to head new consumer agency, provokes strong feelings (Aug-12, 23:00 EDT )-- Somewhere along the line, Elizabeth Warren became a symbol. Elizabeth Warren - United States - Home - Consumer Information - Advocacy and Protection
Fights, teens among challenges as D.C.'s Gallery Place entertainment area matures (Aug-12, 23:00 EDT )-- This article was reported and written by staff writers Christian Davenport, J. Freedom du Lac, Michael S. Rosenwald, Brigid Schulte, Ian Shapira, Annys Shin and Kevin Sieff. Gallery Place – Chinatown - United States - Washington DC -...
Foreclosures surge 9 percent in July as banks crack down (Aug-12, 23:00 EDT )-- LOS ANGELES -- The number of U.S. homes lost to foreclosure rose sharply in July, as lenders took back more properties from homeowners who had been in default for months on end. Foreclosure - RealtyTrac - United States - Business - Conferences
General Motors CEO Ed Whitacre stepping down, to be replaced by Dan Akerson (Aug-12, 23:00 EDT )-- General Motors took an unexpected detour Thursday, as its chief executive said he is stepping down just days before the company plans to file what may be the biggest initial public offering of stock in U.S. history. General Motors - Dan Akerson -...
Solar plan in China's Inner Mongolia highlights pitfalls for U.S. firms (Aug-12, 23:00 EDT )-- With great fanfare, an Arizona-based energy company signed a preliminary agreement with China last fall to build the world's largest solar-power plant in the Mongolian desert. Energy - United States - Business - Renewable - Solar
Stocks drop for third straight day on weak economy, corporate earnings (Aug-12, 23:00 EDT )-- U.S. stocks fell Thursday for the third straight day as weak economic data and disappointing corporate earnings reports continued to feed investors' fears that the global recovery has stalled. Asia - Business and Economy - History - Germany -...
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