PENNSYLVANIA

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U.S. consumer prices flat, inflation pressures muted

U.S. consumer prices were flat in July versus June, but fell over the past 12 months by the most since 1950, according to government data that suggested benign inflation pressure even amid signs the recession may be winding down.
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U.S. mortgage applications drop as loan rates rise

U.S. mortgage applications fell last week, reflecting a drop in demand for home refinancing loans as interest rates soared to their highest levels since June, data from an industry group showed on Wednesday.
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Toll Brothers shares rise as outlook brightens

Luxury home builder Toll Brothers Inc said on Wednesday it expects to report a 42 percent drop in third-quarter homebuilding revenue, but said net signed contracts increased in the quarter and said home buyers are less concerned about prices.
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Toll Brothers sees drop in homebuilding revenue

Luxury home builder Toll Brothers Inc said on Wednesday it expects to report a 42 percent drop in third-quarter homebuilding revenue, but said net signed contracts increased in the quarter.
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Four more victims recovered from New York air crash

Four more bodies were pulled from the Hudson River on Sunday and divers searched for the other two victims of a collision between a small plane and a helicopter that killed nine people, including five Italian tourists.
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Nine victims identified after crash over Hudson

The bodies of seven people killed in a crash between a sightseeing helicopter and a small plane over the Hudson River have been recovered, the National Transportation Safety Board said today.
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U.S. loses fewer jobs in July, jobless rate eases

The U.S. unemployment rate fell in July for the first time in 15 months as employers cut far fewer jobs than expected, giving the clearest indication yet that the economy was turning around from a deep recession.
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Payrolls fall less in July, jobless rate eases

The U.S. unemployment rate fell in July for the first time in 15 months as employers cut far fewer jobs than expected, providing the clearest indication yet that the economy was turning around.
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Four shot dead at Pennsylvania gym

A man walked into a suburban Pittsburgh gym on Tuesday evening and opened fire in a Latin dance class, killing three women before turning his weapon on himself and taking his own life, police said.
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Law firms weigh shareholder claims against Huron

Two law firms are investigating potential shareholder claims against Huron Consulting Group Inc concerning possible securities violations after the company disclosed an accounting scandal on Friday
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Ex-Qwest chief Nacchio may get reduced jail time

Ex-Qwest Chief Executive Joseph Nacchio could get his six-year prison sentence and $52 million penalty for insider trading reduced, after an appeals court said on Friday he was improperly sentenced.
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FirstMerit posts lower Q2 profit; eyes acquisitions

FirstMerit Corp reported a lower-than-expected quarterly profit, weighed down by higher provisions for bad loans and charges, and said it was looking for Federal Deposit Insurance Corp (FDIC)-assisted deals for banks with assets of up to $5 billion.

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