Colorado to get $205 million in foreclosure relief
Colorado Attorney General John Suthers says Colorado will get about $205 million as part of a multistate settlement with the nation's five largest national banks over home foreclosures.
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Box Office Preview: Audiences to take 'The Vow'
In what's shaping up to be a strong Valentine's weekend at the nation's theaters, four heartfelt newcomers are hoping to feel the love from smitten audiences.
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Summary Box: Early Greece rally fades; Apple rises
GREECE BANDS: U.S. stocks rallied in the morning after Greece announced it had reached a deal to cut costs and stave off a looming debt default. But stocks gave up much of their gains by the end of the day, and analysts warned that Europe still faces plenty of problems.
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Fidelity: 401(k) balances little changed over 2011
Workers stashed money away in their 401(k) retirement plans at a faster clip last year but didn't get an immediate reward for their savings strategy. Fidelity Investments, the nation's biggest 401(k) administrator, says the average account balance was essentially unchanged in 2011, compared with 2010.
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Rate on 30-year mortgage stays at record 3.87 pct.
The average rate on the 30-year fixed mortgage stayed at a record low this week, providing some added incentive for those looking to buy a home or refinance.
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Sweden: Europeans need to question pension habits
Europeans need to question their habits and have more flexibility if they want to secure the future of their generous pension systems, Sweden and Britain's prime ministers said Thursday at a summit in Stockholm.
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Summary Box: Mercedes helps Daimler 4q profit rise
CHINA CONNECTION: Strong sales of Mercedes luxury cars in China and the U.S. helped German automaker Daimler AG post a stronger than expected 57 percent increase in fourth quarter profits. The company made net profit of euro1.78 billion ($2.36 billion), ahead of the average forecast compiled by FactSet of euro1.30 billion.
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Holiday hits China auto sales in January
The year of the dragon rolled in with a whimper instead of a roar for China's auto industry. Car sales in the world's biggest auto market fell 24 percent in January from a year earlier, industry figures show.
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GM creates training center at Buffalo-area plant
General Motors has found a new use for a building that's sat vacant at its Buffalo-area manufacturing complex for seven years.
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Summary Box: PepsiCo to cut 8,700 jobs
THE NEWS: Pepsico Inc. plans to cut 8,700 jobs, about 3 percent of its 300,000 global work force, in a restructuring. The company also reported fourth-quarter earnings rose 4 percent. Adjusted results beat expectations.
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A look at possible money-market fund rules
The Securities and Exchange Commission is drafting proposals to further strengthen money-market mutual funds, two years after it approved an initial set of new rules in the wake of the financial crisis.
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Kodak to stop making cameras, digital frames
Picture it: Save for a few disposable point-and-shoots, Kodak is exiting the camera business.
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Katrina-Rita suit: Insurer offers $80M to settle
Louisiana's property insurer of last resort has offered to settle a dispute over the slow handling of claims from hurricanes Katrina and Rita in 2005 for up to $80 million.
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Oil falls to near $99 amid Greek bailout talks
Oil prices fell to near $99 a barrel Friday in Asia as encouraging news about the U.S. economy was tempered by European demands for Greece to make further spending cuts before getting a new bailout.
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Summary Box: Vodafone Q3 revenue flat
HOLD STEADY: Vodafone Group PLC, the world's largest mobile communications company, says revenue held steady in the final three months of 2011 as double-digit gains in India and Turkey were offset by slumps in Italy and Spain.
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World stocks slip as Greek bailout hangs in limbo
World stock markets dropped Friday after Europe's finance ministers demanded more spending cuts from Greece before clearing a euro130 billion ($170 billion) bailout to stave off the country's bankruptcy.
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FDA outlines path for lower-priced biotech drugs
The Food and Drug Administration is preparing to review the first lower-cost versions of biotech drugs, expensive medications which have never before faced generic competition.
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Fidelity: 401(k) balances little changed over 2011
Workers stashed money away in their 401(k) retirement plans at a faster clip last year but didn't get an immediate reward for their savings strategy. Fidelity Investments, the nation's biggest 401(k) administrator, says the average account balance was essentially unchanged in 2011, compared with 2010.
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Guerlain perfume heir accused of racism in trial
An heir to the Guerlain perfume empire went on trial Thursday in Paris on charges he made racist insults on national television.
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Federal agency looking at high-frequency traders
The Commodity Futures Trading Commission is looking at high-frequency traders to gauge their importance in the markets and consider possible new rules for them.
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