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U.S. markets news

Fed mulls policy exit, eyes end of asset purchases
WASHINGTON (Reuters) - The Federal Reserve has begun detailing how it plans to ease the U.S. economy out of an era of loose monetary policy, indicating it will end its asset purchases in October and appearing near agreement on a plan to manage ...
Fed likely to end bond-buying program in October  Washington Post
Selected highlights from the Fed minutes  MarketWatch
Bloomberg   Related articles »  
Hedge fund to give American Apparel a lifeline
Dov Charney, ousted three weeks ago, will remain with the company as a strategic consultant until an investigation into his behavior is concluded, American Apparel and Standard General said.
American Apparel gets hedge fund bailout  USA TODAY
American Apparel receives financing  SFGate
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On Campus: International test of teenage financial literacy shows room for ...
Results of a first-ever international test of 15-year-olds' financial savvy released Wednesday shows plenty of room for improvement in U.S.
American teens can't read a pay slip  MarketWatch
US Students Fail to Make the Grade on Financial Literacy  TIME
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FOREX-Dollar trips over Fed minutes, Aussie eyes jobs test
... * Dollar hits one-week lows vs currency basket. * Fed minutes indicate bond-buying will end in October. * Aussie eyes local jobs and Chinese trade data.
Dollar falls after FOMC minutes  MarketWatch
USD/JPY flattens as market digests Fed minutes  NASDAQ
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Improper payments by federal government top $100B
WASHINGTON (AP) - Tax credits for families that don't qualify. Medicare payments for treatments that might not be necessary. Unemployment benefits for people who are secretly working.
HHS Spent $62 Billion On Improper Payments In Health-Care Programs Last Year  Daily Caller
The wrong folks get billions in tax dollars  KRDO
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Banco Espirito Santo woes fail to fuel crisis fears
The holy spirit moves in mysterious ways. Or not so mysterious, in the case of Portugal's Banco Espirito Santo. Its shares fell more than half in four months after audit problems at the founding family investment company, its main shareholder, which on ...
UPDATE 4-Portugal's Espirito Santo family eyes debt relief measures  Reuters
Espirito Santo Creditors Doubt Containment After Missed Payments  Businessweek
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Gartner: Global PC Shipments Up 0.1% In Q2
(RTTNews.com) - Worldwide PC shipments grew 0.1% year-over-year to 75.8 million units in the second quarter of 2014, capping eight quarters of declining shipments, preliminary results from market research firm Gartner, Inc. ( IT ) showed Wednesday.
PCs see surprising gain in US as global decline slows  CNET
Worldwide PC shipment decline slowed in second quarter  The Seattle Times (blog)
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Sandwich chain Potbelly forecasts weaker-than-expected results
(Reuters) - Sandwich chain Potbelly Corp estimated second-quarter revenue and profit below analysts expectations, hurt by lower-than-expected comparable store sales and higher expenses, mostly for advertisements.
Greenberg: No Surprise in Potbelly's Flop  TheStreet.com
Potbelly shares plunge on lower forecast  Chicago Tribune
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United Continental says unit revenue higher than expected in second quarter
(Reuters) - United Continental Holdings on Wednesday said an important revenue measure rose more than expected in the second quarter because of better results in the United States and Asia.
Rosy Airline Outlook Improves Further  Wall Street Journal
Why United Continental (UAL) Stock Is Up After-Hours Today  TheStreet.com
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Detroit's Art May Be Worth Billions, Report Says
A new expert appraisal of the Detroit Institute of Arts' collection, which some creditors are demanding be sold to help pay municipal debts in the city's bankruptcy case, has found that the works could be worth $2.7 billion to $4.6 billion.
Report: Detroit art valued at more than $4.6B  Post-Bulletin
Report: DIA art worth more than $4.6 billion  WDIV Detroit
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