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Home loan demand down 2nd week as rates rise

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U.S. mortgage applications fell for a second straight week, with demand for home loan refinancing sinking to its lowest level in a month as interest rates jumped, data from an industry group showed on Wednesday.
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Stock futures down; sovereign debt woes weigh

Stock index futures pointed to a lower open on Wall Street on Wednesday, with futures for the S&P 500 down 0.6 percent, Dow Jones futures down 0.3 percent and Nasdaq 100 futures down 0.4 percent.
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Stocks down, euro above lows before ECB verdict

World stocks slipped on Thursday while the euro held above a recent 9-month low against the dollar as the European Central Bank prepared to announce next steps in stimulus withdrawal after its policy meeting.
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Greece steps help euro, push debt premium down

The euro rose against the dollar and Greek borrowing costs fell to their lowest level since mid-February as Greece's cabinet approved new steps to fight a budget deficit, seen as key to secure EU fiscal support. European shares, however, were flat as traders said most of the news had been priced in and ahead of U.S. jobs data, though world stocks gained, on track to gain for the fourth consecutive day and near their five-week high.
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McDermott profit up, revenue down; shares fall

McDermott International Inc reported higher quarterly net income on Monday as offshore oil and gas work offset weakness in power generation systems, but it posted revenue well short of analysts' estimates.
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Fed's Kohn to step down

Federal Reserve Vice Chairman Donald Kohn, a 40-year veteran of the U.S. central bank, will step down in late June, giving President Barack Obama a freer hand to reshape the institution.
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MTN says Nhleko to step down as CEO by 2011

Phuthuma Nhleko, Chief Executive Officer of South African mobile phone group MTN (MTNJ.J), will step down as CEO and group president in March 2011, the group said on Monday.
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White House social secretary Rogers to step down

White House social secretary Desiree Rogers, who faced criticism after a two uninvited guests attended a state dinner in November, will be resigning next month, she told Chicago Sun-Times columnist Lynn Sweet on Friday.

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