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Wall Street set for flat open on spending unease

Stocks headed for a flat open on Tuesday as government data pointing to a slower than expected recovery in consumer spending fueled caution even after strong quarterly earnings from Goldman Sachs Group
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Wall Street wilts on earnings jitters; techs gain

The Dow industrials and S&P 500 dropped on Friday on jitters that an economic recovery and corporate profits will be anemic after Chevron warned about second-quarter results and oil futures tumbled.
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Wall Street falls on recovery worries; earnings loom

U.S. stocks fell on Tuesday as investors turned cautious ahead of earnings season, and talk of a second stimulus package underscored worries about the U.S. economic recovery.
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Some U.S. manufacturers see benefit to going green

Some small and medium-sized U.S. manufacturers, once skeptical about conservation efforts, say they're seeing benefits to installing equipment and implementing practices that curb energy use and save money.
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Rally's fate hinges on Fed, home sales

Without further signs of life in the lackluster economy or hints from the Federal Reserve the outlook is improving, stocks' three-month rally may run into more obstacles next week.
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Green shoots in U.S. jobs, factories and indicators

The U.S. economy sprouted more green shoots of recovery in data released on Thursday, with weekly jobs figures showing unexpected improvement and the slumping factory sector revealing dramatic signs of a rebound.
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Trump makes bid for namesake casino company: report

Real estate tycoon Donald Trump has made a bid to buy New Jersey casino operator Trump Entertainment Resorts Inc, which in February logged its third bankruptcy filing, the Wall Street Journal reported on Tuesday.
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Playing by the beer rules in PA, distributors win in court

Several years ago, malt beer distributors in Pennsylvania were on the offensive, considering ways to allow the state to let them sell smaller quantities the alcohol, instead of the full case they’re limited to.
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Treasury won't pitch new insurance regulations: sources

The U.S. Treasury Department will not propose a new regulatory framework for the insurance industry when it outlines sweeping new rules for the financial services sector, sources familiar with the plans said on Tuesday.
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Airline capacity cuts may lead to higher fares

Plans by major U.S. airlines to slash the number of seats they sell may bolster fares this fall, further stabilizing prices that tumbled this year as economic weakness drained travel demand.
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Oil's spike, retail and jobless data lift Wall Street

U.S. stocks racked up gains across a wide array of sectors on Thursday, aided by rising commodity prices and improving labor market conditions, along with a sharp drop in interest rates.
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Oil prices and data lift Wall Street

Stocks rose on Thursday as rising oil and other commodity prices lifted energy stocks, while retail sales and weekly jobless claims data bolstered optimism for an economic recovery.
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U.S. college grads shun Wall Street for Washington

Wall Street may be losing its luster for new U.S. college graduates who are increasingly looking to the government for jobs that enrich their social conscience, if not their wallet.
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Wall Street rises, Wal-Mart boosts Dow

U.S. stocks rose in choppy trading on Friday as investors grappled with conflicting monthly jobs data, with the Dow industrials boosted after Wal-Mart said it was buying back more of its shares.
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U.S. bill could help merchants cut credit card fees

Merchants and retailers would be able to negotiate with banks to reduce costs associated with credit card purchases, according to legislation introduced on Thursday by lawmakers in the U.S. House of Representatives.
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U.S. begins Fannie Mae, Freddie Mac reform journey

U.S. lawmakers on Wednesday will open a debate that has stymied them for at least a decade: the future of Fannie Mae and Freddie Mac, the giant housing finance agencies nearly felled by the credit crisis.
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U.S. manufacturing shrinks at slower pace in May

The U.S. manufacturing sector showed improvement in May, contracting at a slower rate for the fifth straight month, while consumer spending slipped only slightly in April, according to reports Monday that offered more proof the deep recession is losing its bite.
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Falling profits mean more job loss

In the world of corporate profits, much like the broader economy, less bad is good these days. Unfortunately, it's not good enough to stem the rise in unemployment.

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