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Lower energy and food costs fuel big drop in wholesale prices
WASHINGTON -- Big drops in the cost of food and energy pushed wholesale prices down 0.7% in April, the largest monthly decline in more than three years, the Labor Department said Wednesday. The slide in the producer price index, the largest since...
Tags: Energy, Prices
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Dow closes above 15,000 for first time [video chat]
NEW YORK -- The Dow Jones industrial average on Tuesday closed above 15,000 points for the first time, clearing a psychological hurdle as stocks continue a strong rally this year. It was only three months ago when the Dow, the iconic blue-chip index for...
Tags: Credit Ratings, Central Bank, Stock Market, ING Group, Money and Monetary Policy
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Warren Buffett says economy slowly improving, calls Bernanke 'gutsy'
WASHINGTON -- Billionaire investor Warren Buffett said he sees the economy slowly improving and hailed Federal Reserve Chairman Ben S. Bernanke as "gutsy" for the actions the central bank has taken to boost growth. Buffett told CNBC on Monday that he...
Tags: Central Bank, Warren Buffett, Ben Bernanke, Stock Market, Financial Markets
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Warren Buffett: 'Economy moving forward'
Warren Buffett said the U.S. economy is gradually improving, crediting Federal Reserve Chairman Ben Bernanke's efforts to stimulate it. "The economy is moving forward, but at a slow pace," Buffett said on CNBC Monday after Berkshire Hathaway's annual...Tags: Ben Bernanke, Warren Buffett, CNBC (tv network), Money and Monetary Policy, Economy, Business and Finance
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Bush deserves the criticism he's getting
When I read Stanley J. Glinka's recent letter defending the presidency of George W. Bush I wanted to laugh, but it was 6 a.m. and I did not want to wake up my still sleeping wife ("Stop blaming Bush," May 1). Now I know how people like Michele...Tags: Sarah Palin, Freddie Mac, Michele Bachmann, Petroleum Industry, Fannie Mae
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Connecticut's Job Losses: How Much Is It Changing Labor Force Participation?
Economists at the Federal Reserve ran a study to isolate how much the shrinking labor force has to do with demographic changes — fewer high school and college students working part-time jobs, and Baby Boomers reaching retirement age — and...Tags: Connecticut Labor Markets
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Families reduced their debt load in first quarter to 2006 level
WASHINGTON -- American families reduced their debt load in the first three months of the year by 1%, bringing it down to pre-recession levels after an uptick in the last quarter of 2012, the Federal Reserve said Tuesday. Outstanding household debt,...
Tags: Bank of America Corp., Loans, Credit and Debt, Social Issues, Consumers
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Obama's budget puts the onus on Ryan
WASHINGTON — When it comes to deficit reduction, President Barack Obama may have correctly taken the measure of Alan Simpson and Erskine Bowles and U.S. corporate leaders; that's a reason why any deficit deal is more remote than ever. Two and a...Tags: U.S. Senate, Fiscal Cliff, Social Security, John Boehner, Government Health Care
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Sen. Warren goads Fed, SEC, DOJ to explain no-fault bank deals
Sen. Elizabeth Warren, having chastised bank regulators for failing to put Wall Street giants on trial, is demanding to see any analyses that the U.S. Department of Justice, the Federal Reserve and the Securities and Exchange Commission have conducted...Tags: Trials, Ben Bernanke, Elizabeth Warren, Business Institutions, Eric Holder
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TransUnion: Credit quality of mortgage borrowers nationwide has improved
Widely reported mortgage delinquency rates are being weighed down by older mortgages and loans long past due, and more recent mortgages are performing at pre-housing-bubble norms, according to an analysis of national lending data by TransUnion....Tags: Loans, Chicago Mortgages, Banking, Mortgages
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Bloomberg in damage-control mode over client snooping
Officials at Bloomberg, the New York financial news and information service, scrambled to deal with an unfolding customer privacy scandal after admitting its journalists had snooped on business clients for years through its network of terminals ubiquitous...
Tags: Journalism, European Central Bank, Economy, Business and Finance, Goldman Sachs Group, Inc., Thomson Corporation
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Europe could drop interest rate below zero on excess bank deposits
WASHINGTON -- The European Central Bank could reduce the interest rate it pays on excess bank deposits to below zero to boost growth in the recession-plagued region, a top official said. The comments over the weekend by Italian Central Bank chief...
Tags: Central Bank, European Central Bank, Money and Monetary Policy, CNBC (tv network), Economy, Business and Finance
May 15, 2013
|Story| Los Angeles Times
May 7, 2013
|Story| Los Angeles Times
May 6, 2013
|Story| Los Angeles Times
May 6, 2013
|Story| Allentown Morning Call
May 5, 2013
|Story| Baltimore Sun
May 14, 2013
|Story| Hartford Courant
May 14, 2013
|Story| Los Angeles Times
May 14, 2013
|Column| Allentown Morning Call
May 14, 2013
|Story| Los Angeles Times
May 13, 2013
|Story| Chicago Tribune
May 14, 2013
|Story| Los Angeles Times
May 13, 2013
|Story| Los Angeles Times
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