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Mortgage Rates Fall To Historic Lows

Updated: 05/31/2012 - Average U.S. rates on 30-year and 15-year fixed mortgages dropped to record lows again this week, with the 15-year loan dipping below 3 percent for the first time ever. Low rates have helped brighten the outlook for home sales this year.

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U.S. Economy Grows At 1.9 Percent

Posted: 05/31/2012 - The U.S. economy grew at an annual rate of 1.9 percent in the first three months of the year, slower than first estimated.

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Colleges' Bank Deals Saddle Students With Big Fees

Posted: 05/30/2012 - A public interest group says as many as 900 colleges are pushing students into using payment cards that carry hefty costs, sometimes even to access students' financial aid money.

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President Obama Signs Ex-Im Bank Bill Into Law

Posted: 05/30/2012 - President Barack Obama has signed legislation that renews the charter of the Export-Import Bank for three years and increases the bank’s lending cap to $140 billion from the current $100 billion.

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Sprint To Shut Nextel As Early As June 2013

Posted: 05/29/2012 - Sprint says it will shut down the Nextel network as early as June 30 next year, cutting off service for its characteristic walkie-talkie-like Nextel phones.

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Home Prices Rise In Most Major U.S. Cities

Posted: 05/29/2012 - Home prices rose in March from February in most major U.S. cities for the first time in seven months. The increase is latest evidence of a slow recovery taking shape in the troubled housing market.

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U.S. 30-Year Mortgage Rate Falls To New Record

Posted: 05/24/2012 - The average U.S. rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. Cheap mortgages have helped boost home sales modestly this year.

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Hewlett-Packard To Cut 27,000 Jobs

Posted: 05/23/2012 - The company, which is based in Palo Alto, Calif., expects to save as much as $3.5 billion annually from the job cuts and other austerity measures.

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Oil Near 2012 Low, Closes At $91.66

Posted: 05/22/2012 - Oil prices dropped near their lows for the year following warnings of a "severe recession" in Europe and an apparent easing of tensions over Iran's nuclear program.

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Private Group Buys Motel 6

Posted: 05/22/2012 - Accor says it has agreed to sell Motel 6 and another North American economy hotel brand to an affiliate of The Blackstone Group for $1.9 billion.

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U.S. Home Sales Up In April

Posted: 05/22/2012 - The National Association of Realtors says home sales rose 3.4 percent last month to a seasonally adjusted annual rate of 4.62 million.

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Facebook Stock Jumps In Public Debut

Updated: 05/18/2012 - Facebook is updating its status to "public company" as its stock jumps in its debut on the Nasdaq Stock Market.

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Study: Safety Inspections Don't Hurt Profits

Posted: 05/17/2012 - While businesses bemoan the cost of regulations, a new study suggests that enforcing workplace health and safety rules can save lives without sapping a company's bottom line.

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Facebook Prices IPO At $38 Per Share

Updated: 05/17/2012 - Facebook's initial public offering could be one of the largest in history if its stock prices at the high end of its expected range on Thursday.

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Postal Service To Begin Closing Plants This Summer

Posted: 05/17/2012 - The nearly bankrupt U.S. Postal Service is moving ahead with plans to close dozens of mail processing centers, saying it can no longer wait for Congress to decide how to cut postal costs.

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