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Bank regulators closed a Georgia-based bank Friday, marking the 21st bank to be shuttered this year, according to a statement from the FDIC.
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The unemployment rate jumped last month in 49 states, with Michigan leading the way, the U.S. government reported on Friday. Nebraska was the only state to escape rising joblessness.
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Stocks slipped Friday as investors took a step back after a nearly three-week long advance that has propelled the major gauges off of multi-year lows.
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Consumer spending rose in February, rebounding for the second month in row after falling for 6 straight months, according to government figures released Friday.
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A Manhattan art dealer was arrested Thursday on an indictment charging that he stole $88 million from clients and investors, including tennis champion John McEnroe, authorities said.
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Marie Antoinette was no mistress of the high seas, but she'd probably feel quite welcome this weekend in the blue waters of the eastern Caribbean.
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Stocks surged Thursday, extending the rally that has propelled the major gauges up more than 20% each in just 2-1/2 weeks.
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U.S. cities from Duluth, Ga., to Los Angeles are being hit with a double whammy: Not only are they rapidly losing their retail businesses, but many are also struggling to replace these vacant storefront with new businesses.
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