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Yahoo! News: Business
25 Jul 2008 at 10:44am
Business
New home sales fall but stronger than expected
(Reuters)
Reuters - Sales of newly constructed U.S.
single-family homes were stronger than expected in June, and
inventories shrank to three-and-a-half-year low, a government
report showed on Friday, prov...
Consumers, home sales paint less gloomy picture
(Reuters)
Reuters - Consumer sentiment rebounded in July
from a 28-year low and business investment rose unexpectedly
last month, according to data on Friday that showed rare signs
of resilience for the U...
Wall Street rises after data eases economic jitters
(Reuters)
Reuters - Stocks rose on Friday as a slew of
economic reports showing stronger-than-expected consumer
sentiment and new home sales calmed nerves about growth and the
corporate profit outlook.
Consumer confidence rebounds from 28-year low
(Reuters)
Reuters - U.S. consumer sentiment recovered from
early 1980s lows in July as Americans received tax rebate
checks from the government but remained pressured by high
gasoline prices and falling h...
Fortune Brands profit tops lowered Wall St view
(Reuters)
Reuters - Fortune Brands Inc reported
operating profit that topped Wall Street's lowered expectations
on Friday after the consumer products maker warned that weak
consumer sentiment, the U.S. h...
New home sales drop 0.6 percent in June
(AP)
AP - Sales of new homes fell in June for the seventh time in the past eight months, more proof that the worst housing slump in decades is getting deeper.
SEC, Fed push for tougher bank regulation
(Reuters)
Reuters - The head of the Securities and
Exchange Commission said on Thursday that his agency should
oversee investment banks under a new regulatory regime aimed at
averting another credit crisis.
Economy - Thursday
(Investor's Business Daily)
Investor's Business Daily - Home loan rates rose sharply over the past week amid inflation fears, a rebound in stocks and Treasury yields, and tighter credit standards. The 30-year fixed-rate mortg...
U.S. retailer Boscov's fights for survival: report
(Reuters)
Reuters - U.S. department store chain Boscov's is
struggling to keep itself afloat as a drop in consumer spending
across the mid-Atlantic region has hammered its sales and
drained its cash, The ...
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