NEW YORK (Reuters) – U.S. home prices plunged at a record pace in January while consumer confidence held just above record lows in March, according to data on Tuesday that showed no signs of a bottom for the lengthy recession.
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Record drop in home prices keeps U.S. consumers glum
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A New Look at The Peter Principle
The Conficker worm, a nasty computer infection that has poisoned millions of PCs, will start ramping up its efforts Wednesday to use those machines for cybercrimes. It’s unclear whether everyday PC users will even notice, but this is as good an excuse as any…
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Don’t fret about Conficker: Here’s what to do
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The Changing Employer-Employee Relationship
WASHINGTON (Reuters) – Years of inaction dramatically raised the economic costs of the U.S. financial crisis, highlighting the need for a new approach, a top Federal Reserve policy-maker said on Tuesday.
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Stern says inaction raised financial crisis costs
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U.S. Home Prices Drop 19%
LONDON (Reuters) – The World Bank announced a $50 billion program on Tuesday to counter a decline in global trade and Britain called on G20 leaders to supply “the oxygen of confidence” to drag the world economy out of recession.
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World Bank offers trade boost ahead of G20
NEW YORK (Reuters) – Shares of Lennar Corp fell as much as 15.6 percent on Tuesday, a day after the No. 2 U.S. homebuilder reported a wider quarterly loss.
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Lennar shares plunge on loss, home price data
NEW YORK (Reuters) – Stocks rose on Tuesday despite gloomy economic data, with March on track for its best month in six years, as developments in Europe helped banks and investors scooped up shares of big-cap technology companies.
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Wall Street gains as banks, tech climb
A gun possession case against New York Giants star Plaxico Burress was adjourned Tuesday until June, but his attorney said the matter could be resolved sooner if a plea agreement can be reached. Burress accidentally shot himself in the leg with an unlicensed…
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Plaxico Burress’ gun case adjourned
Federal health officials say a potential blockbuster diabetes drug from Novo Nordisk appears to work. But they say questions remain about its effect on the heart and other organs. Results from the Danish drugmaker show the drug liraglutide helped control…
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FDA notes heart events, tumors with Novo drug
NEW YORK (Reuters) – U.S. consumer confidence rose slightly in March but remained near record lows as the economy remained weak and job prospects grew increasingly uncertain.
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U.S. consumer confidence barely above record low
Officials say that for the first time in at least two decades, Las Vegas-area property tax revenues will drop below the previous year’s. The decrease in projected Clark County property tax revenues comes as no surprise to tax officials say 717,000 of the…