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Business :: Finance

US Bank Earnings up 7.3 Percent in 3Q

| By Ken Sweet | Thursday Nov 27, 2014
Helped by an increase in commercial, industrial and auto loans, U.S. bank earnings rose 7.3 percent in the July-September quarter from a year earlier, as banks reduced their expenses and continued to lend out more money.

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US Stocks Inch Further into Record Territory

| By Steve Rothwell | Nov 25
The stock market eked out another record close Monday as investors remained confident that stimulus from central banks would revive global growth. Retail stocks rose ahead of the crucial holiday season.

US 30-Year Mortgage Rates Drop to 3.99 Percent

| By Josh Boak | Nov 21
Average U.S. long-term mortgage rates continued to tick down this week, remaining close to yearlong lows.

The National Organization for Marriage is $2.5 Million in Debt

| By Jason St. Amand | Nov 20
The National Organization for Marriage, which promised to never ever give up defending same-sex marriage bans across the country, are $2.5 million in debt, according to the group's 2013 tax filing documents.

US Retail Sales Rise on Autos, Online Purchases

| By Christopher S. Rugaber | Nov 17
U.S. retail sales rose at a modest pace in October, evidence that recent job gains and lower gas prices are lifting consumer spending.

Court Awards NY Stripper $10 Mil in Back Wages

| By Jennifer Peltz and Colleen Long | Nov 16
Dancers at a strip club are due more than $10 million in back wages and tips, a federal judge ruled Friday after the dancers sued to be paid at least a minimum wage.

Obama on GOP Shutdown Threat: Nonsense!

| Nov 16
President Barack Obama says the threat of a government shutdown by Republicans doesn't affect the timing of his executive action on immigration.

Pros, Cons of Mobile-Payment Systems

| By Anick Jesdanun | Nov 12
Apple Pay, Google Wallet and a few other services use a wireless technology called near-field communication, or NFC. With Apple Pay, the phone unlocks automatically when you hold it near the NFC reader on the merchant's payment system.

India to Foreign CEOs: 'We're Waiting for You'

| By Katy Daigle | Nov 7
India's finance minister is urging foreign investors to help plug enormous gaps in the country's infrastructure blamed for holding back growth. "We are waiting for you," Arun Jaitley told a roomful of international and Indian CEOs.

Time Warner Boosts Annual Guidance

| By Mae Anderson | Nov 6
Time Warner is raising its guidance for the full year, boosted by a tax settlement and better-than-expected third-quarter results driven by strong subscription revenue from its Turner and HBO units. Shares rose 3 percent in midday trading.

US Stocks Slide as Oil's Slump Hits Energy Stocks

| By Steve Rothwell | Nov 5
Stocks were mostly lower on Tuesday, led by a drop in energy stocks as the price of oil continued to fall. Investors were also disappointed by earnings outlooks from companies including Priceline and Michael Kors.

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