Category: Economy

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Federal Reserve exits from QE3 program as economic outlook improves

The Federal Reserve said on Wednesday that it will end its quantitative easing program, essentially bringing to zero it purchases of Treasurys and mor...
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Conference Board’s U.S. consumer confidence index rises to 94.5 in October

Confidence by U.S. consumers rose in October boosted by continued decline in gas prices and further improvement in the job market, according to a clos...
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U.S. durable goods orders falls 1.3 percent in September as demand slows

Durable goods orders to U.S. manufacturers dropped 1.3 percent in September, which marked the second consecutive decline, as demand fell for several p...
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U.S. building permits rise 2.8 percent to 1.031M units in September

The number of building permits in the U.S. issued last month was revised up to a 2.8 percent increase to an annual pace of 1.031 million units, accord...
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Amgen Inc. Q3 profit tops estimates; increases 2014 guidance

Amgen Inc. said Monday that third-quarter profit topped analysts' estimates and increased its forecast for 2014 as some drug sales exceeded estimates.
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Sacramento representatives to meet with MLS officials for expansion team bid

Sacramento Republic FC officials and Mayor Kevin Johnson will head to New York for a meeting with MLS Commissioner Don Garber Tuesday, for updates on ...
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Microsoft release Q1 fiscal year 2015 report, earnings fairly strong

Microsoft has released its earnings report in the first quarter of its fiscal year 2015 and the figures are doing pretty well in the different divisio...
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Ford Motor Co. reports 34 percent drop in Q3 profit

U.S. car maker Ford Motor Co. said on Friday that its third-quarter profit fell 34 percent from a year ago, due to weaker revenue and volume.
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S&P affirms Russia’s credit rating; keeps outlook at negative

Standard & Poor's rating agency kept its sovereign rating for Russia unchanged, dispelling fears of a potential downgrade to junk status, and said the...
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U.S. new home sales rise 0.2 percent to 467K in September

Sales of newly built homes in the U.S. increased slightly in September after a sharp rise in August, the strongest performance during the recovery des...