| U.S. Economy Headlines |
| Wall St. flat as oil drops as GE gains
(Reuters)
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| Reuters - Stocks were little changed in a seesaw
session on Tuesday as a pullback in oil prices calmed inflation
concerns and rekindled optimism about corporate profits but
sent energy shares lower.
-- read full article |
| Tue, 08 Jul 2008 18:26:36 GMT - Yahoo! News: Economy News |
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| Pending home sales tumble in May
(Reuters)
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| Reuters - Pending sales of previously owned
U.S. homes plummeted by 4.7 percent in May, far more than
expected and a sign of more trouble ahead for the beleaguered
housing market, a real estate trade group report showed on
Tuesday.
-- read full article |
| Tue, 08 Jul 2008 14:35:06 GMT - Yahoo! News: Economy News |
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| Fed plans new rules to protect future homebuyers
(AP)
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| AP - The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs.
-- read full article |
| Tue, 08 Jul 2008 17:12:00 GMT - Yahoo! News: Economy News |
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| ConocoPhillips 2Q production falls as planned
(AP)
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| AP - ConocoPhillips, the third-largest U.S. oil company, said Tuesday its global production fell as expected in the second quarter because of planned maintenance, but it benefited from higher oil and natural gas prices. -- read full article |
| Tue, 08 Jul 2008 17:14:06 GMT - Yahoo! News: Economy News |
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| SEC finds shortcomings in credit raters
(Reuters)
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| Reuters - Credit rating agencies did not
properly manage their conflicts of interests when assigning
ratings to structured products such as mortgage-backed
securities, a report by the U.S. Securities and Exchange
Commission said on Tuesday. -- read full article |
| Tue, 08 Jul 2008 17:30:20 GMT - Yahoo! News: Economy News |
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| Congress frets as its ratings plummet
(The Christian Science Monitor)
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| The Christian Science Monitor - Members of Congress are used to working in an institution that gets no respect, but a recent plunge to the bottom of confidence ratings – and a week back home with constituents riled over gas prices – is raising alarms even on thick-skinned Capitol Hill. -- read full article |
| Tue, 08 Jul 2008 08:00:00 GMT - Yahoo! News: Economy News |
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| Jobs market in for weak spell
(Reuters)
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| Reuters - The Conference Board said on Monday
there was little reason to expect the U.S. labor market to
recover in the months ahead after its jobs index fell in June
to its lowest since late 2004. -- read full article |
| Mon, 07 Jul 2008 14:52:25 GMT - Yahoo! News: Economy News |
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