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Sentiment, inflation expectations rise in May

Consumer sentiment rose a bit in May from April but was roughly unchanged from levels since February, while the one-year inflation expectations also climbed, a survey showed on Friday.

Consumer spending flat in April

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Consumer spending was unexpectedly flat in April after six straight months of gains, but growing consumer confidence in the economic outlook suggested consumption will remain strong this quarter.

State jobless rates ease in April

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U.S. state April unemployment rates were higher than a year ago in most states but fell from March 2010 levels in dozens of states, the Labor Department reported on Friday, as recession-fueled joblessness eased.
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April foreclosures ebb, suggesting high plateau

Foreclosure activity fell in April as lenders repossessed homes at a record pace but started far fewer new actions against struggling homeowners, signaling a plateau in loan failures, RealtyTrac said on Thursday.
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Obama government defends healthcare law in court

(Reuters) - The Obama administration has urged a court to reject an attempt to block a controversial new law overhauling the U.S. healthcare system, saying it was constitutional and any challenge was premature.
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Stronger evidence pollution damages heart: report

(Reuters) - The evidence is stronger than ever that pollution from industry, traffic and power generation causes strokes and heart attacks, and people should avoid breathing in smog, the American Heart Association said on Monday.
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Frayed investors eye skittish stocks

The extreme market volatility of recent days has shaken investors, who still are seeking a clear explanation of what sent U.S. stocks into Thursday's dizzying intraday spiral.
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Pulte posts narrower quarterly loss

No. 1 U.S. homebuilder PulteGroup Inc posted a far narrower than expected quarterly loss on Wednesday and said it expects to record a profit for 2010 overall, as the housing market pulls out of a brutal downturn.
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Obese kids more apt to be bullied, study confirms

NEW YORK (Reuters Health) - Obese children in grades 3 through 6 are more apt to be bullied by their classmates than children who are trim, regardless of their gender, race, social skills, or academic achievement, a study published today in Pediatrics shows.
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U.S. regulators seize three Puerto Rico banks

U.S. regulators seized three Puerto Rican banks on Friday and sold their deposits to other banks, costing the Federal Deposit Insurance Corp insurance fund $5.3 billion -- one of the largest hits in the banking crisis.
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Dow Chemical profit, revenue spike; shares jump

Dow Chemical Co posted a stronger than expected first-quarter profit on Wednesday as higher pricing and volume pushed revenue up around the globe, news that lifted shares more than 5 percent.
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California leads in borrowing for jobless benefits

As he filled out forms in a re-employment center in the parking lot of his union hall, 61-year-old repairman Albert Hinojosa spoke about his uncertain future after losing a job he held for almost a quarter of a century.
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Regulators seize eight banks

U.S. regulators on Friday seized eight banks with assets totaling more than $6 billion, raising the tally this year to 51 failed banks and adding to the carnage of small institutions that is expected to peak this year.
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Goldman Sachs charged with fraud by SEC

Goldman Sachs Group Inc was charged with fraud by the U.S. Securities and Exchange Commission over its marketing of a subprime mortgage product, igniting a battle between Wall Street's most powerful bank and the nation's top securities regulator.
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Home construction rises, consumer morale ebbs

Permits to build new U.S. homes surged in March to a 17-month peak and construction activity was the most vigorous in more than a year, providing fresh evidence that economic prospects are brightening.
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EUR/USD – weak again ???

Good morning dear traders, how was your trading yesterday? This way I imagine a trading day: you put your orders into the trading platform and go for a walk with your dog. When you come back, the trade is completely running for you.
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Stock futures signal losses; eyes on GE, BofA

Stock index futures pointed to a lower open on Wall Street on Friday, with equities poised to reverse recent strong gains after Google's results, and ahead of General Electric and Bank of America earnings.
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Florida says challenge to healthcare reform widens

(Reuters) - Five more states are joining a Florida-led group of states in a lawsuit challenging President Barack Obama's overhaul of the U.S. healthcare system, Florida's attorney general said on Wednesday.

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