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By Lorraine Woellert, Bloomberg |
May 16, 2013
Starts of new U.S. homes fell more than forecast in April to a five-month low, indicating a pause in the industry’s progress as builders slowed work on apartments. Building permits surged to an almost five-year high.
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By Lorraine Woellert, Bloomberg |
May 15, 2013
Confidence among U.S. homebuilders improved in May for the first time in five months as buyers rush to take advantage of near record-low mortgage rates.
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By Andrew Harris |
May 6, 2013
Several banks have restrained market competition for credit default swaps, a union pension plan claims.
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By Charles Skorina |
May 6, 2013
Public universities endowment funds when compared to private Ivy league schools show some surprises: both good and bad.
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By Joshua Zumbrun and Jeff Kearns, Bloomberg |
May 2, 2013
The Federal Reserve said it will keep buying bonds at a monthly pace of $85 billion while standing ready to raise or lower purchases as economic conditions evolve.
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By Alex Kowalski, Bloomberg |
April 30, 2013
Residential real-estate prices increased in February by the most since May 2006, showing the U.S. housing market is strengthening.
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By Cheyenne Hopkins |
April 24, 2013
More legislation is needed to rein in biggest U.S. banks because the Dodd-Frank Act has failed to guard taxpayers, the bill’s sponsors said.
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By Joshua Zumbrun and Steve Matthews |
April 20, 2013
Federal Reserve Governor Jeremy Stein said liquidity regulation is essential to stability, while noting a need for a more moderate approach to oversight.
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By Laura Marcinek and Donal Griffin, Bloomberg |
April 19, 2013
Bank of America Corp. and JPMorgan Chase & Co. led the six largest U.S. banks in boosting combined first-quarter profit 45%. Investors dumped the stocks.
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By Hugh Son, Bloomberg |
April 17, 2013
Bank of America Corp. reported first-quarter profit that missed analysts’ estimates as lower mortgage banking income and higher legal costs slowed the firm’s turnaround. The shares dropped 3% in early trading.
