The Dow industrials rose for a fourth straight day, ending 12.85 points higher, led by a 3.4% gain in GE. The Nasdaq and S&P 500 ended lower.
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A lingering chapter of the 2008 financial crisis closed Friday when Washington Mutual, J.P. Morgan and federal regulators settled a dispute over billions of dollars in assets.
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The allegations lodged by a bankruptcy-court examiner have raised questions about whether prosecutors could build a case against former Lehman executives.
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Credible efforts by Greece's government to clean up its finances have so far negated the need for any bailout from the European Union, French Finance Minister Christine Lagarde said Friday.
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Janet Yellen and two other likely nominees are expected to be a key counterweight to the Fed's most 'hawkish' policy makers.
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Treasurys' narrow trading range is a boon to investors, U.S. companies and consumers, but a wide swath of market participants and dealers suffer.
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The dollar weakened sharply against most rivals as reports that the Obama administration plans to nominate Federal Reserve Bank of San Francisco President Janet Yellen for vice chairman of the Federal Reserve Board prompted concerns that monetary policy may stay loose for a while.
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Investors await a key statement from the Federal Reserve next week.
This week, the Dow Industrials rose 58.49 points, or 0.55% to 10624.69, the Nasdaq Composite gained 41.31 points, or 1.78% to 2367.66 and the S&P 500 added 11.29 points, or 0.99% to 1149.99.
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The report by the court-appointed examiner for the bankrupt Lehman Brothers analyzes the bank's demise with forensic thoroughness. But it is also a depressing reminder of how much remains unknown about the near-collapses of AIG, Fannie Mae, Freddie Mac, Citigroup, Bear Stearns and Bank of America's Merrill Lynch.
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If European politicians are serious about banning speculative trading in sovereign credit-default swaps, they had better be prepared for the results. Practically and theoretically, such a ban could backfire.
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The Dow industrials rose for a fourth straight day, ending 12.85 points higher, led by a 3.4% gain in GE. The Nasdaq and S&P 500 ended lower.
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Treasurys' narrow trading range is a boon to investors, U.S. companies and consumers, but a wide swath of market participants and dealers suffer.
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Crude-oil futures fell as conflicting signals about the U.S. economic recovery undermined the oil market's latest try for a 2010 high, ending down 87 cents at $81.24 a barrel.
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The dollar weakened sharply against most rivals as reports that the Obama administration plans to nominate Federal Reserve Bank of San Francisco President Janet Yellen for vice chairman of the Federal Reserve Board prompted concerns that monetary policy may stay loose for a while.
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Active portfolio managers have outperformed many exchange-traded funds, thanks to surging small-cap stocks.
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Violence broke out between police and protesters in Athens as 30,000 people gathered to demonstrate against the government's austerity program as part of a nationwide general strike.
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A federal judge released a scathing report on Lehman's collapse that raps executives, auditor Ernst & Young and banks for lapses that sparked bankruptcy.
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A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
Prices of luxury real estate are finally starting to rise, as bargain hunters swoop in. Some of the best deals are in second homes with pricesoff as much as 40%. See slideshow.
A word from Google's CEO and a question about the future of Apple.


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U.S. household debt fell 1.7% last year, its first annual drop since records began in 1945, amid defaults that could clear the ground for a stronger recovery.
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