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German unemployment (GRUECHNG) fell more than forecast in December as exports of cars and machinery boomed and one of the mildest winters on record helped support jobs in construction.
The number of people out of work fell a seasonally adjusted 22,000 to 2.89 million, the Nuremberg-based Federal Labor Agency said today. Economists forecast a decline […]
Gunmen have freed three foreign workers, two from the U.S., kidnapped from a ship supplying a Chevron Corp. offshore oil field near Nigeria’s coast, authorities said Friday.
The U.S. Embassy in Abuja and Chevron separately confirmed the release of the kidnapped workers from contractor Edison Chouest Offshore, based in Galliano, Louisiana. A spokesman for Edison Chouest […]
Egypt’s benchmark stock index is extending its gains for the third consecutive day, after landmark parliamentary elections eased investor sentiment about the country’s political instability.
The Egyptian Exchange’s EGX30 index was up about 1.25 percent by 1:15 p.m. local time on Thursday, climbing to 4,070 points. The index posted gains slightly under 1 percent on Wednesday […]
Economist Mario Monti won pledges of support Sunday to lead a new technocratic government to try to rescue Italy from financial disaster, including from Silvio Berlusconi’s conservative party.
But Berlusconi’s ally, the Northern League, said it would become an opposition party rather than back Monti.
After days of being pummeled by international investors skittish about Italy’s massive […]
The Centers for Disease Control and Prevention has reported a third Colorado death linked to listeria in cantaloupes, bringing the nationwide death toll in the outbreak to as many as 17 people.
The CDC said Friday that 84 people in 19 states have become ill after eating Colorado cantaloupes. That number includes 15 deaths, the CDC […]
U.S. stocks are rising modestly at midday, but doing little to wipe out heavy losses from a brutal week of selling.
Investors have been racked by growing fears that the economy is headed for another recession. Europe appears no closer to solving the debt crisis that threatens some of its biggest banks. U.S. political leaders are […]
Fixed mortgage rates hovered at record lows for a third straight week and are likely to fall further in the coming weeks.
Freddie Mac says the average rate on the 30-year fixed mortgage was unchanged at 4.09 percent this week. That’s the lowest rate seen since 1951.
The average rate on the 15-year mortgage ticked down to […]
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Lennar Corp.’s fiscal third-quarter net income dropped 31 percent as the company delivered fewer homes.
But the homebuilder said Monday that demand is picking up somewhat, driven by low home prices and low interest rates.
The company earned $20.7 million, or 11 cents a share, for the three months ended Aug. 31. That compares with net income […]