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AP Top Business News At 4:29 p.m. EST
Reports on consumer confidence, GDP tug at stocks NEW YORK (AP) -- A disappointing report on consumer confidence and a more sober read on the economy pulled stocks from 13-month highs Tuesday....
Fed: super-low rates could fuel speculative bubble WASHINGTON (AP) -- The Federal Reserve doesn't expect the recovery will be strong enough to quickly drive down the jobless rate, and acknowledged its efforts to keep the rebound going could feed a new speculative bubble....
Banks earn $2.8B in 3Q; FDIC says dangers persist WASHINGTON (AP) -- The apparent end of the recession and stabilizing financial markets have not cured the banking industry, as souring and past-due loans have reached the highest levels in 26 years, the Federal Deposit Insurance Corp. said Tuesday....
Saab future unclear as sale to Swedish firm fails DETROIT (AP) -- A Swedish automaker has backed out of a deal to buy Saab from General Motors Co., casting serious doubt on the future of the troubled brand....
Facebook creates dual-class stock structure NEW YORK (AP) -- Facebook has created a dual-class stock structure designed to give founder Mark Zuckerberg and other existing shareholders control over the company....
Reports on GDP and consumers signal modest rebound WASHINGTON (AP) -- The economy is growing modestly, with consumers too wary about spending to invigorate the recovery....
CPSC chief pledges swift action after crib recall WASHINGTON (AP) -- The head of the Consumer Product Safety Commission on Tuesday promised swift action to get dangerous products off the market, acknowledging that the agency didn't move quickly enough on a record recall of more than 2 million cribs linked to four deaths....
Crude prices sink to $76 per barrel Oil prices fell to around $76 a barrel Tuesday with new data showing a slow U.S. economic recovery and consumer confidence that remains lukewarm at best....
Heinz 2Q profit falls 16 percent PORTLAND, Ore. (AP) -- H.J. Heinz Co.'s says its business is thriving in emerging markets but the recession continued to drag down its U.S. and European sales during the second quarter as shoppers limited spending or chose lower-priced products....
Top 2 booksellers report losses, their shares fall NEW YORK (AP) -- Barnes & Noble Inc. and Borders Group Inc., the nation's two largest brick-and-mortar book sellers, both posted quarterly losses Thursday and forecast a difficult holiday season, saying competition from discount chains and online retailers is stiffening....
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