Stocks close higher after jobs, housing reports
Stocks ended higher for the third consecutive session after reports on housing, manufacturing and jobs all indicated that the economy continues to grow.
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Low interest rates squeeze pension funds
The plunge in interest rates has put the nation’s public and private pension funds badly underfunded, leaving pension fund managers with a giant hole to fill.
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Life Inc.: Proof that we can't work any harder
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HSBC in clearest warning over relocation
Warning given over British banks moving their headquarters abroad if UK government-appointed Commission on Banking were to decide that big groups should be broken up
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Lenders shunned on stress tests doubts
Leading UK and continental European companies eschewing banks from Spain, Italy and even Germany because they do not believe the Europe-wide assessments gave a true picture of their financial health
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Rally resumes after supportive US data
Traders are again adding to risky bets following a batch of supportive US data, but the mood is markedly less ebullient than witnessed during the previous session’s “melt up”, when better-than-expected Chinese and American factory data powered a wholesale rush into stocks
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New Jobless Claims Decline
Fewer workers filed new claims for unemployment benefits last week, the second week in a row such claims declined and a rare bright spot in an otherwise grim job market.
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Putin Extends Wheat-Export Ban
The Russian prime minister's move helped push up the price of wheat and sparked fears of supply shortages and broader unrest over rising food costs.
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ECB Raises Growth Forecast
The European Central Bank raised its central forecast for 2010 economic growth in the euro zone after leaving its benchmark interest rate unchanged at a record-low of 1%, as expected.
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U.S. Officials Head to Beijing
U.S. National Economic Council Director Lawrence Summers and Deputy National Security Adviser Thomas Donilon will travel to Beijing this weekend for high-level talks as the U.S. and China work to iron out tensions on issues ranging from currency policy to military ties to Iran.
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