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    Business Sub-Categories
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    Business Headlines
    Economy - Thursday (Investor's Business Daily)
    Investor's Business Daily - Home loan rates fell over the last week as Treasury yields fell sharply amid financial woes and views that the Fed won't hike rates this year. The 30-year fixed-rate mortgage fell to 6.26% for the week ended July 17 from 6.37% a week earlier, Freddie Mac said. The 15-year fixed-rate fell 13 basis points to 5.78% this week. The 5-year Treasury-indexed adjustable-rate mortgage edged down to 5.8%, while the 1-year ARM fell 7 ticks to 5.10%. Treasury yields have picked up in the last few days. -- read full article
    Thu, 17 Jul 2008 22:46:49 GMT - Yahoo! News: Business
    Google's Q2 Profit Falls Shy Of Views Amid Soft Economy (Investor's Business Daily)
    Investor's Business Daily - Google (NasdaqGS:GOOG - News) apparently isn't recession-proof. -- read full article
    Thu, 17 Jul 2008 23:00:35 GMT - Yahoo! News: Business
    Wipro Q1 profit misses forecast, remains cautious (Reuters)
    Reuters - India's No.3 information technology outsourcer, Wipro Ltd , missed forecasts with a 15 percent rise in quarterly profit and expressed caution in the near term due to slowing Western economies, echoing its larger rivals. -- read full article
    Fri, 18 Jul 2008 08:15:19 GMT - Yahoo! News: Business
    Qantas cuts 4 pct of workforce, prunes growth plan (Reuters)
    Reuters - Australia's top airline, Qantas Airways Ltd , will cut 4 percent of its workforce and scrap its growth plan for the coming year, saying the business would be at risk if it fails to offset soaring fuel prices. -- read full article
    Fri, 18 Jul 2008 07:05:22 GMT - Yahoo! News: Business
    Home starts up on one-time event, still weak (Reuters)
    Reuters - Housing starts took a surprising jump in June, the government reported on Thursday, but only because of a change in New York's building code that briefly obscured a drop in single-family home-building. -- read full article
    Thu, 17 Jul 2008 22:21:03 GMT - Yahoo! News: Business
    Freddie Mac mulling $10 bln share offer: report (Reuters)
    Reuters - Mortgage giant Freddie Mac is considering raising capital by selling as much as $10 billion in new shares to investors, The Wall Street Journal reported, citing people familiar with the matter. -- read full article
    Fri, 18 Jul 2008 07:04:29 GMT - Yahoo! News: Business
    Microsoft profit outlook misses view, shares fall (Reuters)

    A Yahoo sign is seen in Times Square in New York. Microsoft and Carl Icahn fired back at Yahoo on Monday as the corporate raider continues a quest to overthrow the struggling Internet firm's board and form an alliance with the software giant.(AFP/Getty Images/File/Chris Hondros)Reuters - Microsoft Corp posted a quarterly profit and outlook below Wall Street expectations on Thursday, citing "tough" economic conditions, and its shares fell 6 percent.


    -- read full article
    Fri, 18 Jul 2008 00:58:26 GMT - Yahoo! News: Business
    Treasury prices fall as stock market rebounds (AP)
    AP - Treasury prices fell Wednesday as a drop in oil prices and better-than-expected results from Wells Fargo & Co. drew investors back into the pummeled stock market. -- read full article
    Wed, 16 Jul 2008 21:33:42 GMT - Yahoo! News: Business
    Fannie Mae, Freddie Mac shares jump again (Reuters)

    This May 2, 2007 file photo shows the Fannie Mae building in Washington. For years, mortgage giants Fannie Mae and Freddie Mac tenaciously worked to nurture, and then protect, their financial empires by invoking the political sacred cow of homeownership and fielding an army of lobbyists, power brokers and political contributors. Now, new attention is being focused on the bruised mortgage companies as the Bush administration presses its rescue plan to Congress. (AP Photo/Manuel Balce Ceneta, File)Reuters - Investors snapped up shares of Freddie Mac and Fannie Mae for a second day on Thursday after Freddie pulled off its second successful debt sale following Sunday's announcement of a U.S. rescue plan for the two housing finance companies.


    -- read full article
    Thu, 17 Jul 2008 16:32:58 GMT - Yahoo! News: Business
    UBS to stop offshore banking for U.S. residents (Reuters)
    Reuters - Swiss bank UBS AG will discontinue offshore banking and securities services to U.S. residents through its branches, a UBS executive said on Thursday at a congressional hearing on offshore tax havens. -- read full article
    Thu, 17 Jul 2008 17:08:51 GMT - Yahoo! News: Business
    Oil's price drop, JPMorgan profit boost stocks (Reuters)

    Lehman Brothers trader Scott Mazzella, center, confers with other traders as they gather around his station during early trading at the New York Stock Exchange, Thursday, July17, 2008. Wall Street extended its rally into a second session Thursday after stronger-than-expected quarterly reports from JPMorgan Chase & Co. and United Technologies Corp. gave investors some reassurance about the health of the economy. (AP Photos/Bebeto Matthews)Reuters - Stocks climbed more than 1 percent on Thursday as oil prices dropped sharply for the third day, while banks rallied after stronger-than-expected results from JPMorgan Chase & Co.


    -- read full article
    Thu, 17 Jul 2008 18:24:32 GMT - Yahoo! News: Business
    JPMorgan beats forecasts, warns on mortgages (Reuters)
    Reuters - JPMorgan Chase & Co posted a smaller-than-expected drop in earnings on resilient stock and bond underwriting revenue, sending its shares surging, but the company cautioned that the mortgage market and the economy are getting worse. -- read full article
    Thu, 17 Jul 2008 17:53:51 GMT - Yahoo! News: Business
    Home starts still weak despite surprising jump (Reuters)
    Reuters - Housing starts took a surprising jump in June, the government reported on Thursday, but only because of a change in New York's building code that briefly obscured a drop in single-family home building. -- read full article
    Thu, 17 Jul 2008 16:21:18 GMT - Yahoo! News: Business
    Wal-Mart highlights locally grown program in Okla. (AP)

    In this June 5, 2008 file photo, a customer checks out at Wal-Mart Store in Rogers, Arkansas, on Thursday, June 5, 2008. The Labor Department on Wednesday, July 16, 2008 reported that consumer prices jumped 1.1 percent last month, much worse than had been expected. Energy prices rocketed upward by 6.6 percent, reflecting big gains for gasoline, home heating oil and natural gas. (AP Photo/April L. Brown, file)AP - Wal-Mart, the nation's largest retailer, has pledged to buy more produce from local farmers as it kicked off a campaign to highlight the fruits and vegetables grown in Oklahoma and sold in its stores.


    -- read full article
    Thu, 17 Jul 2008 08:02:33 GMT - Yahoo! News: Business
    Economy - Tuesday (Investor's Business Daily)
    Investor's Business Daily - As interest rates continue to fall, an index of home loan demand increased to 522.2 for the week ended July 11, up from 513.4 a week earlier, according to the Mortgage Bankers Association. Refinancing activity grew 6.9%, but applications for loans to buy a home dipped 1.7%. The average 30-year fixed mortgage rate fell to 6.22%. -- read full article
    Wed, 16 Jul 2008 22:51:03 GMT - Yahoo! News: Business
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