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Stocks slip following homebuilding slowdown
Stocks slip following homebuilding slowdown
Indexes slipped in the early going on Wall Street after the government reported that homebuilding slowed down during the first month of the year. The Dow Jones industrial average was down 12 points at 14,023 shortly after the opening bell Wednesday. The Standard & Poor's 500 index was down three po

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Ahead of the Bell: Deckers Outdoor
Ahead of the Bell: Deckers Outdoor
Shares of Deckers Outdoor slipped in premarket trading Wednesday as an analyst cut her rating for the maker of Ugg boots, citing its stock price. Corinna Freedman of Wedbush lowered Deckers to "Neutral" from "Outperform." In a client note, the analyst said that the company is trading within 1 perce

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News Summary: Soybeans rebound from two-week slump
News Summary: Soybeans rebound from two-week slump
ON THE REBOUND: Soybeans rebounded, following two weeks of losses, after Argentina didn't the rain that was forecast over the weekend. The beans had been falling on expectations of a bumper crop in South America. SNOW WHEAT: Wheat fell on forecasts of snow reaching the Plains. That would give the so

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AIG offers to buy back up to $1.25B in bonds
AIG offers to buy back up to $1.25B in bonds
AIG said Tuesday that it wants to buy back up to $1.25 billion of its bonds in a move to cut down its debt. The insurer is making a "tender offer," meaning it will pay to buy back bonds from any bondholders who hold a certain class of bonds and are willing to sell. American International Group Inc.

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News Summary: Talk of mergers sends stocks higher
News Summary: Talk of mergers sends stocks higher
MORE DEALS: Talk of more deal-making is sending stock prices higher Tuesday, putting the Dow Jones industrial average within reach of its record high. Reports that retailers Office Depot and OfficeMax are discussing a merger come after big corporate deals were announced recently. OVER THERE: Investo

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Soybeans rise as Argentina misses out on rain
Soybeans rise as Argentina misses out on rain
Soybean prices rose sharply after Argentina didn't get rains that had been forecast over the weekend, just as the crop there is nearing harvest. March soybeans rose 45.75 cents to $14.7025 a bushel as markets reopened after the Presidents Day holiday Monday. The gain of 3.2 percent was the biggest

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Rates rise at weekly Treasury bill auction
Rates rise at weekly Treasury bill auction
Interest rates on short-term Treasury bills rose in Tuesday's auction with rates on three-month bills rising to the highest level since October. The Treasury Department auctioned $35 billion in three-month bills at a discount rate of 0.115 percent, up from 0.085 percent last week. Another $30 billi

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Dollar flat ahead of Federal Reserve minutes
Dollar flat ahead of Federal Reserve minutes
The dollar was mixed Tuesday, a day ahead of the release of minutes of the Federal Reserve's latest policy meeting. The U.S. currency fell against the euro and rose against the British pound. The euro edged up to $1.3389 from $1.3355 on Monday. The British pound slipped to $1.5423 from $1.5516. The

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S&P 500 ends higher, extending streak
S&P 500 ends higher, extending streak
The S&P 500 kept its winning streak alive, just. The Standard & Poor's 500 ended the week nearly two points higher, enough to give it a seventh straight week of gains. That's the longest stretch of advances in more than two years. The index lost 1.59 points to end at 1,519.79 Friday. For the week i

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