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2 hours, 18 minutes ago NEW YORK (Reuters) - Prices of U.S. single-family homes plunged a record 16.3 percent in July from a year earlier, extending declines that have plagued the housing market for two years, according to the Standard & Poor's/Case-Shi..
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By Burton Frierson 7 minutes ago NEW YORK (Reuters) - Prices of U.S. existing homes suffered a record drop in August and the rate of sales tumbled, offering little sign of improvement in the source of the financial crisis in the United States.
The pace..
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By Steven C. Johnson Mon Sep 22, 10:07 PM ET NEW YORK (Reuters) - Stocks tumbled on Monday as investors worried a $700 billion bailout for the financial sector may not resuscitate a slumping economy, while a record spike in oil prices renewed concern ab..
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By Julie Haviv 1 hour, 30 minutes ago NEW YORK (Reuters) - U.S. home foreclosures and the rate of homes entering foreclosure rose to record highs in the second quarter, the Mortgage Bankers Association said on Friday.
"The national foreclosure numbers..
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1 hour, 54 minutes ago WASHINGTON (Reuters) - Home builder sentiment was stuck at a record low in August, as stringent lending and a flood of foreclosed homes dragged on the real estate market, according to data from the National Association of Home Bui..
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Mon Aug 18, 3:38 AM ET SYDNEY (Reuters) - Top miner BHP Billiton (BLT.L) (BHP.AX), bidding for rival Rio Tinto (RIO.L) (RIO.AX) in what would be the world's second-biggest takeover, posted a 12.4 percent rise in full-year net profit to a record $15.4 bi..
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47 minutes ago NEW YORK (Reuters) - American consumers' confidence fell in the latest week to within 2 points of its record low and is on pace for its second-worst year in 22 years of measurements, a survey showed on Tuesday.
The ABC News Consumer Comf..
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By John Parry 16 minutes ago NEW YORK (Reuters) - Banks borrowed a record amount of funds from the Federal Reserve in the latest week as the year old credit crisis took a persistent toll, while the commercial paper market continued to contract, signalin..
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By Tom Bergin and Michael Erman 52 minutes ago LONDON/NEW YORK (Reuters) - Exxon Mobil Corp (XOM.N) broke its own record for the highest-ever quarterly profit for a U.S. company on Thursday, joining other major oil companies in posting stronger earnings..
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15 minutes ago NEW YORK (Reuters) - Exxon Mobil Corp (XOM.N) said on Thursday soaring oil prices pushed its second-quarter earnings up 14 percent, again breaking its own record for the highest-ever profit by a U.S. company.
Net income in the quarter ro..
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By Jeremy Pelofsky and Richard Cowan 18 minutes ago WASHINGTON (Reuters) - The Bush administration on Monday plans to project the U.S. budget deficit will soar to a new record of nearly half a trillion dollars in fiscal 2009 as the economic outlook dark..
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By JEANNINE AVERSA, AP Economics Writer 4 minutes ago WASHINGTON - The United States' trade deficit narrowed in May as exports including industrial supplies and consumer goods climbed to all-time highs.
The latest snapshot of trade activity, repo..
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Fri Jul 4, 5:17 AM ET TOKYO - Japan's key stock index extended its longest slide in more than a half-century, as record oil prices intensified concerns over the impact on corporate earnings and consumer demand.
The benchmark Nikkei 225 Stock Average lo..
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By Richard Leong 32 minutes ago NEW YORK (Reuters) - Stock futures pointed to a slightly higher opening on Monday as oil prices retreated from last week's record highs, helping ease inflation worries.
Traders returning from the three-day July 4 holiday..
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1 hour, 29 minutes ago DETROIT (Reuters) - Shares of General Motors Corp (GM.N) tumbled to a 54-year low while smaller rival Ford Motor Co (F.N) shares fell as much as 10 percent on Monday on concerns record oil prices would further hit U.S. demand for..
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Fri Jun 27, 3:50 PM ET NEW YORK (AFP) - Oil prices briefly struck fresh record highs over 142 dollars on Friday as the US dollar remained weak, and as world stock markets tumbled amid economic jitters marking the end of a volatile week.
The jump in oil..
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By Jane Merriman 1 hour, 27 minutes ago LONDON (Reuters) - Oil rose more than $3 a barrel on Monday to a new record above $143, propelled by heightened market fears of conflict between Israel and Iran over Tehran's nuclear program.
A fall in the U.S. d..
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Fri Jun 27, 7:01 AM ET LONDON (AFP) - European stocks mostly fell on Friday as oil prices shot to record levels, but losses were less than falls on other global markets hit by soaring crude costs and a weak US economy.
Concerns are growing among invest..
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1 hour, 34 minutes ago NEW YORK (Reuters) - The Dow Jones industrial average (.DJI) of stocks slid on Friday into bear market territory as investors fretted about the impact of record oil prices and mounting credit losses in the financial sector.
To be..
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By Jane Merriman and Santosh Menon 46 minutes ago LONDON (Reuters) - Oil leapt to a new record high above $142 a barrel on Friday, extending gains after surging nearly 4 percent in the previous session, as tumbling global stock markets helped to trigger..
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