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Stocks lower as Europe overshadows jobs data

Stock PhotoNEW YORK (AP) - Stocks are slipping as unease about Europe overshadows an encouraging report on unemployment claims and good results from big retailers including Wal-Mart Stores.

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Facebook set to price initial public offering

FacebookNEW YORK (AP) - Facebook's initial public offering could be one of the largest in history if its stock prices at the high end of its expected range on Thursday.

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Wal-Mart's 1Q profit up 10.1 percent

Photo courtesy of Walmart Store, Inc.NEW YORK (AP) - Wal-Mart Stores Inc. is reporting a 10.1 percent increase in first-quarter profit as the world's largest retailer's re-emphasis on low prices continues to woo back bargain-hungry shoppers in an uncertain economy.

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Fed: Several members could support further easing

Federal Reserve Chairman Ben Bernanke.WASHINGTON (AP) - Federal Reserve policymakers are open to further efforts to stimulate the U.S. economy if growth falters or threats escalate.

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Facebook raises IPO price as offering nears

FacebookNEW YORK (AP) - Facebook is raising the price at which it plans to sell stock to the public.

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AP source: Top JPMorgan official expected to leave

Stock PhotoNEW YORK (AP) - A source tells The Associated Press that JPMorgan Chase is expected to accept the resignation of a high-ranking executive soon. The decision comes after one of the bank's trading groups lost $2 billion.

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SEC chief says regulators "focused" on JPMorgan

Stock PhotoWASHINGTON (AP) - The head of the Securities and Exchange Commission says the agency is focused on a surprise $2 billion trading loss by JPMorgan Chase.

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Dow on its way to breaking six-day losing streak

Stock PhotoStocks are up at midday, putting the Dow Jones industrial average on track to break a six-day losing streak.

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US rate on 30-year mortgage hits record 3.83 pct.

Stock PhotoWASHINGTON (AP) - Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, making home-buying and refinancing more affordable than ever for those who can qualify.

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US applications for unemployment aid dip to 367K

Stock PhotoWASHINGTON (AP) - The number of people applying for U.S. unemployment benefits ticked down last week after dropping sharply the previous week, evidence that hiring could pick up this month.

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US trade gap widens at fastest pace in 10 months

Stock PhotoWASHINGTON (AP) - The U.S. trade deficit rose in March at the fastest rate in 10 months. A rise in consumer goods lifted imports to a record level, outpacing a solid gain in U.S. exports.

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Bernanke says lending spigots are more open now

Federal Reserve Chairman Ben Bernanke.  Photo Couresty of Federal Reserve System.NEW YORK (AP) - Federal Reserve Chairman Ben Bernanke says that many businesses and consumers are finding it easier to borrow as banks shore up their balance sheets.

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Skier visits at US resorts fall in 2011-2012

Stock PhotoDENVER (AP) - A trade group says preliminary numbers show U.S. ski areas tallied an estimated 51 million skier and snowboarder visits this past season, which represents a roughly 15 percent drop from the previous season.

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US employers posted 3.74 million March jobs

Stock PhotoWASHINGTON (AP) - U.S. companies in March posted the highest number of job openings in nearly four years, a sign that hiring could strengthen in the coming months after slowing this spring.

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Buffett backs TransCanada's proposed oil pipeline

Warren Buffett.  White House photo by Pete Souza.OMAHA, Neb. (AP) - Billionaire Warren Buffett supports building the Keystone XL pipeline that TransCanada wants to build to carry Canadian oil south across the Great Plains to connect to Gulf Coast refineries.

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