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Business News
US stocks close in on tiny gains after 2-day climb
NEW YORK (AP) -- U.S. stocks are mostly higher Thursday afternoon after big gains over the last two days. Utilities and phone companies are rising the most as bond yields slip. Chemicals companies and banks are down. Retailers including Dollar Tree and Costco, which have been pummeled in recent weeks, traded higher after strong earnings reports....
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Markets Right Now: Stocks trade sideways on Wall Street
NEW YORK (AP) -- The latest on developments in global financial markets (all times local):...
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Sears posts wider loss, looks at options for Kenmore, others
NEW YORK (AP) -- Long-struggling retailer Sears says it plans to try to leverage its strongest brands like Kenmore and Craftsman to help sustain itself as it posted a larger first-quarter loss Thursday and said sales fell at its Kmart and namesake stores....
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Average 30-year US mortgage rate rises to 3.64 percent
WASHINGTON (AP) -- Long-term U.S. mortgage rates rose this week but remained at low levels that could entice purchasers amid the current home buying season....
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Pending US home sales hit highest level since February '06
WASHINGTON (AP) -- Americans signed more contracts to buy homes in April for the third straight month, driving pending home sales to the highest level in more than a decade....
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