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Caring for an ailing or aging parent is never easy, but the challenges only multiply when Mom and Dad live far away.
Nearly 7 million Americans care for an elderly relative from a distance, reports the National Alliance for Caregiving (NAC). If you’re among them, you know full well the guilt and anxiety of […]
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Core Real Estate Investments of Phoenix has acquired about 60 percent of the Manchester Highlands shopping center in Manchester, Mo., from its developer, Pace Properties, for $48.5 million.
Mid-America Real Estate Corp. of Oakbrook Terrace, Ill., represented Pace in the deal and announced the sale Wednesday.
Manchester Highlands is located on Manchester Road at Highway 141.
Core, which […]
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Fannie Mae says that its financial condition has vastly improved over previous quarters, but the mortgage finance company still requested more government assistance.
The government-run company said Thursday it lost $1.2 billion in the second quarter, down significantly from an $11.5 billion loss in the prior quarter. Last quarter’s loss was the smallest since the […]
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About 40 executive MBA students from the W.P. Carey School of Business at Arizona State University learned from state lawmakers when they participated in a two-day mock budget exercise at the Arizona Capitol.
Students played the roles of legislators and lobbyists as they tried to pass their own mock budget on the Senate floor.
Gov. Jan Brewer, […]
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Treasury prices fell Thursday as risk appetite returned to the markets after reassuring remarks out of Europe.
What prices are doing: The benchmark 10-year note fell 1-5/32 to 101-19/32, pushing the yield up to 3.31% on Thursday from 3.18% late Wednesday. Bond prices and yields move in opposite directions.
The 30-year bond dropped 2- 5/32 to […]
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Retailers are poised for a major victory in the Wall Street reform bill currently pending in Congress. The Senate adopted an amendment late Thursday that will slap sharp restrictions on the fees issuers levy every time a buyer pays with a debit card.
Called "interchange" fees, the charges typically consume 1% to 3% of every […]
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Goldman Sachs defended its controversial employee bonuses and multi-billion dollar relationship with AIG in its annual report released Wednesday, while downplaying its short-selling in the mortgage market.
Much of the letter was devoted to describing Goldman’s (GS, Fortune 500) role in the financial crisis and the recession, praising its own "strong performance" in 2009, which […]
Yacht exporters are riding a weaker dollar and reduced prices to new markets, while domestic sellers are seeing signs that the market’s doldrums are coming to an end.
Yacht exports to Northern Europe were healthy before the recession since the dollar was still weaker than the Euro. But the international financial tidal wave left fewer buyers, […]
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Customers snapping up electronics and gift cards for the holidays boosted Best Buy’s third-quarter profit, but the nation’s largest electronics retailer said Tuesday that shoppers are focused on prices, particularly of TVs and computers.
Best Buy predicted consumers will stay that way in the fourth quarter, squeezing its profit margin. That forecast sent […]
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NEW YORK — Charter Communications Inc.’s lenders, led by JPMorgan Chase & Co., lost a bid Wednesday to block the cable communications company from leaving bankruptcy.
U.S. District Judge Sidney Stein affirmed Bankruptcy Judge James Peck’s Nov. 23 decision to deny the lenders’ request for a stay while they appeal his confirmation of Charter’s […]
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