German business confidence unexpectedly rebounds

German business confidence rebounded this month in an unexpectedly strong showing that sends a hopeful signal for more robust growth in Europe's biggest economy, a closely watched survey found Friday.

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Smooth confirmation hearing for Pritzker

Obama's commerce secretary pick, Penny Pritzker, gets smooth confirmation hearing in Senate

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Asia stock markets edge up after big sell-off

Asian stock markets stage mild recovery after China factory data sparked big sell-off

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Average US mortgage rates rise for 3rd week

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Wyden: FracFocus a 'constructive' tool on drilling

Wyden calls industry-funded website 'constructive' as feds consider fracking rules

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Applications for US unemployment aid fall to 340K

US unemployment aid applications drop 23,000 to 340,000, a sign of improvement in job market

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House immigration group resolves dispute

House immigration group sees resolution on disagreements as lawmakers return home to voters

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New rules for labeling meat go into effect in US

New meat labels go into effect, telling consumers where animals were born, raised, slaughtered

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US new home sales up 2.3 percent in April

US new home sales rise 2.3 percent in April while median home prices hit record high

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ECB's Draghi: 'Imperative' to set up new bank body

ECB's Draghi: Europe's banking reform must include agency to wind down busted banks

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Money market fund assets rose to $2.601 trillion

Total U.S. money market mutual fund assets rose $19.53 billion to $2.601 trillion for the week that ended Wednesday, according to the Investment Company Institute.

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US rate on 30-year mortgages rises to 3.59 pct.

Average US rate on 30-year mortgage rises to 3.59 pct.; 15-year up to 2.77 pct.

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US rate on 30-year mortgages rises to 3.59 pct.

Average rates on fixed mortgages rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery.

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Ralph Lauren's 4Q profit rises 35 pct

Ralph Lauren's 4Q profit rises 35 pct, but posts sales shortfall

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House backs variable rate student loans

House approves student loan rates linked to financial markets despite a veto threat

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Stocks end lower as investors reassess Fed worries

Stocks end lower after bumpy trading day, investors reassess Fed worries, China economy

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Big stores nix credit card settlement, file suit

Major retailers opt out of fee-fixing settlement with Visa and MasterCard, file own lawsuit

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Sony mulls hedge fund's entertainment sale idea

Sony CEO says board mulling hedge fund boss Loeb's proposal to spin off entertainment business

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IMF chief Lagarde in court in fraud probe

IMF chief Lagarde appears in court in French fraud investigation over arbitration deal

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Appellate court: Berlusconi ran illegal scheme

Appeals court says Berlusconi headed illegal operation to avoid taxes on movie rights

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