U.S. Labor Market Cools as Jobless Claims Rise: Economy - Bloomberg 
The number of Americans applying for unemployment benefits rose to a one-month high and companies hired fewer workers than forecast, casting doubt on the vigor of the labor market. First-time claims for unemployment insurance payments increased by ...
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Foreclosures made up 26% of U.S. home sales in first quarter
Homes in some stage of foreclosure accounted for more than one in four home sales during the first three months of the year, according to a report released Thursday.Distressed properties that were either in default, scheduled for auction or bank-ow...
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Foreclosures made up 26% of U.S. home sales in first quarter
Banks typically get about 20% more for a short sale than they would for a foreclosed home. In addition, short sale deals get done much more quickly than foreclosures, which can take years to unload, during which expenses, like property taxes and insu...
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U.S. Steps Up Pressure on Europe to Resolve Euro Crisis
The dollar, which has been rising against most other major currencies as investors sought safe haven, fell Thursday. The euro rose to $1.2404 from $1.2367 late Wednesday in New York, while the British pound rose to $1.5484 from $1.5478. The dollar fe...
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U.S. bonds edge higher in Asia on Europe fears
The U.S. economy has taken a backseat to Europe's debt crisis, but investors still await key employment data on Friday for the latest signal on labor conditions.
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U.S. Commerce Backs Whirlpool
The announcement could represent just a temporary victory for Whirlpool in its efforts to combat increasing price competition in home appliances, since the company faces several more steps before winning any import relief. Once Commerce makes a final...
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U.S. May Avert Plunging Over Fiscal Cliff in 2013: Economy - Bloomberg
The U.S. will avoid plunging off a fiscal cliff in 2013, according to economists surveyed by Bloomberg News, as lawmakers find enough common ground in budget negotiations to avert a recession. This so-called cliff includes the expiration of income-...
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Common Ground Seen Holding U.S. Back From Cliff: Economy - Bloomberg
The U.S. will avoid plunging off a fiscal cliff in 2013, according to economists surveyed by Bloomberg News, as lawmakers find enough common ground in budget negotiations to avert a recession. This so-called cliff includes the expiration of income-...
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Consumer Confidence in U.S. Fell in May to Four-Month Low - Bloomberg
Confidence among U.S. consumers unexpectedly fell in May to the lowest level in four months as optimism about employment prospects faded. The Conference Board�s index decreased to 64.9 this month from a revised 68.7 in April, figures f
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CHART: How The Recovery Act Boosted U.S. Manufacturing
Once again showing that the conservative claim regarding the “failure” of the 2009 Recovery Act (i.e. the stimulus) has no teeth behind it, Center for American Progress Senior Fellow Christian Weller notes that since the Act’s passage, U.S. manufactu...
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