Archive for January, 2012

Rebound Predicted

Friday, January 20th, 2012

Jamie Dimon and Lloyd Blankfein predict that Wall Street will recover from a third consecutive quarterly drop in combined trading and investment banking revenue

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BofA Swings to Profit as Capital Builds

Friday, January 20th, 2012

Bank of America Corp., the second- largest U.S. lender, swung to a fourth-quarter profit as the company sold assets and built capital faster than expected.

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Fed Officials Open to Further Easing

Friday, January 20th, 2012

The New York and Atlanta Fed presidents say they are monitoring an array of economic risks that could justify additional monetary stimulus

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S&P 500 Rises Most Since ’87

Friday, January 20th, 2012

U.S. stocks are off to the best start in 25 years as investors speculate Federal Reserve Chairman Ben S. Bernanke has done enough to insulate the economy from Europe’s debt crisis.

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Phoenix Housing Prices Rise as Bargains Dry Up

Friday, January 20th, 2012

Property values have rallied as foreclosures fall, bank-owned inventory drops, and visiting buyer find fewer homes on discount

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U.S. Home Sales Rise 5% to 4.61 Million Pace in December

Friday, January 20th, 2012

Sales of previously owned U.S. homes rose for a third month in December to the highest level since January 2011, a sign the housing market ended last year with momentum.

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U.S. Housing Starts Dropped More Than Forecast in December

Friday, January 20th, 2012

Builders began work on fewer houses than forecast in December, capping the worst year on record for single-family home construction and signaling recovery in the industry will take time.

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Soros Proves Nothing Rotten in Denmark for Home Loans: Mortgages

Friday, January 20th, 2012

Billionaire George Soros’s assertion that Denmark’s $480 billion mortgage credit system can weather any crisis better than any country where mortgages are bought and sold is proving the rule for international investors.

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U.S. Stocks Decline as Google Tumbles on Disappointing Results

Friday, January 20th, 2012

U.S. stocks declined, snapping a three-day rally in the Standard & Poor’s 500 Index, amid disappointing quarterly results at companies including Google Inc., American Express Co. and General Electric Co.

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A Greek Default: It’s a-Comin’

Friday, January 20th, 2012

Talks are under way, but settlement options look a lot like—a default

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