May 20, 2013

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Schapiro Stepping Down From SEC; Successor Tapped

Mary Schapiro will step down as chairman of the Securities and Exchange Commission next month after a tumultuous tenure in which she helped lead the U.S. government's regulatory response to the 2008 financial crisis.

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Fewer Holiday Catalogs But Still Plenty In Mail

Despite the flood around the holidays, annual catalog circulation by retailers has actually dipped substantially because of a postage increase, a weak economy and more shoppers making purchases online.

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Bernanke Warns Congress To Avoid 'Fiscal Cliff'

Federal Reserve Chairman Ben Bernanke is warning Congress and the Obama administration to strike a budget deal to avert tax increases and spending cuts that could trigger a recession next year.

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NY Feds Claim Most Lucrative Insider Trading Case

Federal authorities in New York have charged a former hedge fund portfolio manager with what they call the most lucrative insider trading scheme in U. S. history, with benefits reaching more than a quarter of a billion dollars.

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Stocks Open Lower; HP Takes A Hit

Stocks are opening lower on Wall Street. Hewlett-Packard is down after saying that a British company it bought for $10 billion last year lied about its finances.

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Home Sales Soaring In Wichita

Sales of existing homes in the Wichita metro area surged 17.3 percent from September to October and 37.1 percent from October 2011

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