NEW JERSEY

Amid housing downturn, Toll downsizes its homes

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Toll Brothers Inc, which dominates the market for large, expensive houses known as McMansions, is shrinking its square footage as the worst housing market downturn since the Great Depression grinds on.

Stock futures down; sovereign debt woes weigh

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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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Website's instant posts of Wall Street research banned

A Manhattan federal judge on Thursday barred the financial news service Theflyonthewall.com from issuing immediate news about analyst research from several Wall Street banks, often before recommendations are shared with clients.
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MGM Mirage NJ exit greases wheels for HK listing

MGM Mirage's plan to exit the mature Atlantic City market in favor of booming Macau removes a year of overhang from the company and should clear the way for a share offering in Hong Kong by June.
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Ex-NY bank president first accused of TARP fraud

The former president of New York's privately held Park Avenue Bank was arrested on Monday on fraud charges, the first person accused of attempting to steal U.S. government bailout funds in the financial crisis.
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Snowstorms curb industrial output, rebound seen

U.S. industrial production braked sharply in February, held back by severe winter storms that slammed parts of the country, while manufacturing activity in New York state stalled this month.
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MGM Mirage to sell stake in New Jersey casino

MGM Mirage said on Friday it will sell its 50 percent interest in the Borgata Hotel in Atlantic City in a settlement with New Jersey, which objects to the casino owner's partner in a separate venture in Macau.
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Citi, AIG, leap with other bailed-out firms

Shares in several big financial companies bailed out by the U.S. government rose on Wednesday on what analysts said were momentum bets and short-covering on hopes the entities were on the road to recovery.
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Wall Street rallies late on retail sales

Stocks rose on Thursday as better-than-expected monthly sales from retailers and a drop in the number of Americans filing claims for jobless benefits pointed to stabilization in the economy.
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How does healthcare play out politically?

By pushing Congress for final passage of U.S. healthcare reform, President Barack Obama is gambling voters will reward Democrats for the accomplishment rather than punish them in November congressional elections.

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