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Stocks move higher; S&P 500 at record high
NEW YORK — U.S. stocks were on pace for a fourth straight day of gains Thursday, putting the Standard & Poor’s 500 index on track to beat its record high close set last month. Investors were encouraged by a report that the number of people seeking unemployment benefits remains at a multi-year l...
By Ken Sweet The Associated Press FULL STORY
 
Bank of America agrees to nearly $17B settlement
WASHINGTON — The government has reached a $16.65 billion settlement with Bank of America over its role in the sale of mortgage-backed securities in the run-up to the financial crisis, the Justice Department announced Thursday. The deal calls for the bank, the second-largest in the U.S., to pay a ...
By Pete Yost and Marcy Gordon The Associated Press FULL STORY
U.S. housing recovery seems back on track
WASHINGTON — A fourth straight monthly increase in sales of existing homes provided the latest evidence Thursday that the U.S. housing market is rebounding from a weak start to the year. Housing has been a drag on an otherwise strengthening economy, in part because a harsh winter delayed many sa...
By Christopher S. Rugaber The Associated Press FULL STORY
 
Family Dollar rejects Dollar General offer
Family Dollar has rejected a takeover bid from dollar-store competitor Dollar General, saying it would be too hard for the deal to pass antitrust regulators. Family Dollar’s board said it supports its existing deal to be acquired by Dollar Tree. Family Dollar Stores Inc. Chairman and CEO Howard L...
By Michelle Chapman The Associated Press FULL STORY
Ticketfly buying WillCall for on-premise data
LOS ANGELES — Ticketfly Inc., a San Francisco-based technology company among several posing a challenge to Ticketmaster, is acquiring WillCall Inc., a crosstown rival that turns your smartphone into a mobile wallet at live events. The move is meant to expand WillCall’s data-collection and payme...
The Associated Press FULL STORY
 
Sears 2Q loss widens on sluggish sales
HOFFMAN ESTATES, Ill. — Sears Holdings Inc. recorded a hefty second-quarter loss Thursday on another sales slump, raising more concerns about the future of a company that once was a staple of American shopping. The company, which operates Sears and Kmart, said it plans to do more cost-cutting to ...
The Associated Press FULL STORY
Deals only a click away for back-to-school season
NEW YORK — It’s mid-August, and parents are scrambling to outfit their kids with backpacks, gadgets and jeans as the clock winds down toward the first day of school. But don’t fret. This season, stores are offering new services and apps to cater to time-starved, smartphone-savvy parents to he...
The Associated Press FULL STORY
  
 
  


 
 
 
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