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2 weeks ago

Volatile apartment sector reduces US home building

WASHINGTON (AP) — U.S. home construction plunged in August, led by steep decline in the volatile apartment category. But single-family house construction, a larger and more stable portion of the market, fell only modestly….

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2 weeks ago

Fed keeps rates low, but brace for the inevitable

WASHINGTON (AP) — Record-low interest rates will be around for at least a few more months, the Federal Reserve made clear Wednesday….

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2 weeks ago

Stocks creep higher after jobless claims drop

NEW YORK (AP) — The U.S. stock market headed up in early Thursday trading as investors received more encouraging news on the economy. The slight gains come a day after the Federal Reserve signaled that it’s in no rush to raise interest rates….

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2 weeks ago

Average US 30-year mortgage rate at 4.23 percent

WASHINGTON (AP) — Average long-term U.S. mortgage rates surged this week, marking their largest one-week gain this year….

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2 weeks ago

Wal-Mart to increase holiday hiring by 10 pct

NEW YORK (AP) — Wal-Mart Stores Inc. says it plans to hire 60,000 temporary holiday workers for the crucial holiday season, an increase of 10 percent from last year….

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2 weeks ago

Ireland economy grows 7.7 percent, leads eurozone

DUBLIN (AP) — Ireland’s economy is growing at a rapid pace last experienced at the tail-end of the Celtic Tiger boom, government statisticians reported Thursday as economists declared an end to the country’s financial doldrums….

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2 weeks ago

Yellen says US families need to boost savings

WASHINGTON (AP) — The Great Recession showed that a large number of American families are “extraordinarily vulnerable” to financial setbacks because they have few assets to fall back on, Federal Reserve Chair Janet Yellen said Thursday…

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2 weeks ago

Bayer to split off polymer division with IPO

BERLIN (AP) — German pharmaceuticals and chemicals company Bayer AG said Thursday it plans to spin off its polymer division with a separate stock listing….

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2 weeks ago

US stocks buoyed after Fed continues low rates

NEW YORK (AP) — U.S. stocks are opening higher a day after the Federal Reserve made clear it would keep interest rates at record lows for a while….

KDWN

2 weeks ago

Volatile apartment sector reduces US home building

WASHINGTON (AP) — U.S. home construction plunged in August, led by steep decline in the volatile apartment category. But single-family house construction, a larger and more stable portion of the market, fell only modestly….