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Dow drops more than 200 points with Apple leading the decline

Thursday April 28, 2016 – U.S. stocks fell Thursday following reports of slower economic growth in the U.S. and mixed earnings reports. The U.S. government said the economy didn’t grow as much as expected in the first three months of this year. Facebook reached an all-time high after a strong quarterly report, and several companies are moving on deal news. The Dow ...

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U.S. economy slows sharply in first quarter as spending weakens

  Thursday April 28, 2016 – U.S. economic growth slowed sharply in the first quarter to its slowest pace in two years as consumer spending softened and a strong dollar continued to undercut exports, but a pick-up in activity is anticipated given a buoyant labor market. Gross domestic product increased at a 0.5 percent annual rate, the weakest since the first ...

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Yahoo Reshuffles Board in Truce With Rebellious Shareholder

  Thursday April 28, 2016 – Yahoo has reached a truce with an activist investor threatening to oust CEO Marissa Mayer and the rest of its board, removing a major distraction as the company evaluates bids to buy its Internet operations. The agreement announced Wednesday will give the rebellious shareholder, Starboard Value, four seats on Yahoo’s board. The company is diluting ...

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Hopes Of Turning Abandoned Properties Into Affordable Homes In Baltimore,

  Tuesday April 26, 2016 – Baltimore’s poorest neighborhoods have long struggled with a lack of decent housing and thousands of abandoned homes. But things recently took a turn for the worse: Five vacant houses in the city collapsed in high winds several weeks ago, in one case killing a 69-year-old man who was sitting in his car. The city needs ...

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Sales of New U.S. Homes Fall for Third Month Straight Month

  Monday April 25, 2016 – Purchases of new homes in the U.S. unexpectedly declined in March for a third month, reflecting the weakest pace of demand in the West since July 2014. Total sales decreased 1.5 percent to a 511,000 annualized pace, a Commerce Department report showed Monday. The median forecast in a Bloomberg survey was for a gain to ...

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Fixed mortgage rates hold steady, hovering at three-year lows

Thursday April 21, 2016 – Mortgage buyer Freddie Mac says average long-term U.S. mortgage rates stayed near 2016 lows this week, potentially good news for the housing market as the spring home-buying season begins. The benchmark 30-year fixed-rate mortgage edged up to 3.59 percent from 3.58 percent last week. The 15-year fixed-rate mortgage slipped to 2.85 percent, lowest since May 2013, ...

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Low Rates Help Increase Mortgage Applications to 9-Week High

  Wednesday April 20, 2016 – U.S. mortgage applications edged up to their highest level in nine weeks as interest rates on 30-year fixed-rate mortgages hovered at their lowest in more than a year, a Mortgage Bankers Association data showed on Wednesday. The latest increase in home loan requests followed Tuesday’s disappointing news on housing starts which fell by a steeper-than-forecast ...

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