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Rate on 30-year fixed mortgage rises to 3.98 pct. (AP)

WASHINGTON ? The average rate on the 30-year fixed mortgage rose this week for the first time in a month, though it remained below 4 percent for the eighth straight week. The low rates have had few...

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Nokia loss tempered by Windows phone launch

HELSINKI (AP) ? Mobile phone maker Nokia Corp. on Thursday posted a fourth-quarter net loss of ?1.07 billion ($1.38 billion) as sales slumped 21 percent even as the company’s first Windows smartphones...

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Market slips after rally as housing sputters (Reuters)

NEW YORK (Reuters) ? Wall Street dipped on Thursday as housing and financial stocks declined after weaker-than-expected housing data gave investors reason to pause after a recent rally. Housing-related...

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Chinese consumers becoming more emotional: study

Chinese consumers will become more emotional and individualistic this decade, as the Asian giant’s economic engine shifts gear from investment to consumption, a new survey showed Wednesday. “Meet the...

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Lonmin says more than half of workers back at some shafts

JOHANNESBURG (Reuters) – More than half of the workers at some of Lonmin‘s South African Marikana mine shafts reported for work on Saturday, the company said, as it seeks to resume full operations in...

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USGS Release: Isaac Expected to Change Sandy Coasts from …

Sandy beaches and barrier islands along the northern Gulf of Mexico are highly vulnerable to beach and dune erosion as Hurricane Isaac makes landfall this week, according to a new U.S. Geological...

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What earnings reports have revealed about ads

Several companies that sell advertising have been reporting their quarterly earnings. Here are highlights from selected Internet and media companies and what they say about the state of spending on...

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Advocates: 39 states’ obesity rates to pass 50 pct

Graphic shows projected obesity rates in states across the nation Graphic shows projected obesity rates in states across the nation NEW YORK (AP) ? A group campaigning against obesity predicts that by...

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Texas Instruments to cut 1,700 jobs to reduce costs

NEW YORK (Reuters) – Texas Instruments is eliminating 1,700 jobs or almost 5 percent of its global workforce to cut costs in its wireless business as it moves away from making smartphone application...

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US budget negotiations setback drives stocks down

PARIS (AP) ? A failed attempt find a compromise in U.S. budget negotiations sent global stock markets plummeting Friday, as investors feared the world’s largest economy could teeter into recession if...

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