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U.S. markets news

Settlement brightens outlook for Bank of America, fund managers say
NEW YORK (Reuters) - Bank of America's decision to pay $16.7 billion to settle charges stemming from the sale of mortgage-backed securities may finally allow the company to put last decade's housing bubble behind it, fund managers and analysts say.
Bank of America settlement to create third-quarter loss  MarketWatch
Illinois will receive $300 million in Bank of America settlement [Chicago ...  Businessweek
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UPS stores hit by hackers, customer credit card data at risk
The UPS Store was hacked earlier this year, with malware that attempted to spirit away customer personal information and credit card data found at 51 retail locations in the U.S .
UPS Store hacked; no fraud detected  Buffalo News
UPS Discloses Credit Card Breach At 51 Retail Locations  CRN
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UPDATE 3-Family Dollar spurns Dollar General bid on antitrust concerns
(Adds details, antitrust comments; updates shares). By Sruthi Ramakrishnan, Devika Krishna Kumar and Lawrence Hurley. Aug 21 (Reuters) - Family Dollar Stores Inc rejected a $9 billion buyout offer from Dollar General Corp that it said could run foul of ...
Dollar-Store CEOs Clash Over Events Before Rejected Deal  Businessweek
Family Dollar Rejects Dollar General Offer  ABC News
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Mortgage Rates Fall to Lowest Level of the Year
Mortgage Rates Gene J. Puskar/AP WASHINGTON -- Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its low for the year.
Average US 30-year mortgage rate at 4.10 percent  The Detroit News
Average US 30-year mortgage rate at 4.10 pct  Valley morning Star
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Sears more 'irrelevant by the day'
Shares of the struggling retailer plunged over 8% Thursday after its second quarter loss fell short of already-low Wall Street expectations.
Sears 'unacceptable' results hit retailer  Financial Times
Sears CEO: Retailer's Loss, Revenue Decline 'Unacceptable'  Forbes
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US Existing-Home Sales Up 2.4% in July
The U.S. housing recovery gained traction in July as sales of previously owned homes rose to their highest level in 10 months. Sales of existing homes increased 2.4% from June to a seasonally adjusted annual rate of 5.15 million, the National Association of ...
US housing recovery appears to be back on track  SFGate
Florida Home Prices Rise, Despite Waning Investor Condo Interest  World Property Channel
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RPT-GLOBAL ECONOMY-Business growth slows in China and Europe, but ...
(Repeats to fix USN). * U.S. factory activity expansion speeds up. * Business activity growth slows in China and Europe. By Jonathan Cable, Xiaoyi Shao and Ryan Vlastelica.
Eurozone government borrowing costs hit record lows  Financial Times
Eurozone business growth slows in August, PMI data shows  BBC News
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Nestle announces new animal welfare standards
Nestle will require suppliers to provide more space for farm animals, minimize pain in veterinary practices and welcome independent auditors.
Nestle Vows to Treat Animals Better Worldwide
Nestl´┐Ż Announces Farm Animal Welfare Commitment  AgWeb
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S&P 500 Tops Record, Nears 2000 Amid Confidence in Fed
U.S. stocks rose, sending the Standard & Poor's 500 Index to an all-time high, as data boosted optimism in the economy amid speculation the Federal Reserve will continue to support the recovery.
'Hissy Fit' Risk to Markets Seen If Hawks Prevail in Fed  Businessweek
US stocks rise, pushing S&P 500 to intraday record  MarketWatch
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Chavez Propaganda Tool for Sale as Crisis Worsens: Andes Credit
A decade ago, Hugo Chavez started using Venezuela's Citgo Petroleum Corp. to provide heating oil to the poor in the U.S. to spread his socialist message.
As Venezuelan deliveries wane, allies tap traders for pricey fuel  Reuters Africa
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