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NEW YORK (AP) – Although consumer confidence may be increasing, it’s not showing up at the cash register yet. Many retailers are posting disappointing May sales, and food and necessities remained high on shoppers’ lists. According to a Goldman Sachs/ICSC tally, overall same-store sales fell 4.6 percent, worse than the 3 percent drop predicted. The lower-than-expected… Continue Reading Consumer confidence higher but not lifting bottom lines

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WASHINGTON (AP) – The number of U.S. homebuyers who agreed to buy a previously occupied home took the largest monthly jump in nearly eight years in April, but there are still plenty of danger signs for the U.S. housing market. Home sales appear likely to head upward this summer, potentially to levels not seen since… Continue Reading Pending home sales rise 6.7 percent in April

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WASHINGTON – Sales of newly built homes were flat in April, but are now 7 percent above the rock-bottom lows of January, another indication the three-year housing downturn could be ending.The Commerce Department said today that sales rose 0.3 percent in April to a seasonally adjusted annual rate of 352,000. But the increase came from… Continue Reading April new home sales inch upward

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Existing home sales up 2%

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WASHINGTON (AP) – Sales of previously occupied homes rose modestly from March to April as buyers who were brave enough to dive into the market took advantage of prices that were 15.4 percent below year-ago levels.The National Association of Realtors said Wednesday that home sales rose 2.9 percent to an annual rate of 4.68 million… Continue Reading Existing home sales up 2%

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(AP) – More than 90 percent of economists predict the recession will end this year, although the recovery is likely to be bumpy. That assessment came from leading forecasters in a survey by the National Association for Business Economics to be released Wednesday. It is generally in line with the outlook from Federal Reserve Chairman… Continue Reading Economists say recession will end this year

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SAN FRANCISCO (AP) – The California Supreme Court upheld a voter-approved ban on same-sex marriage Tuesday, but it also decided that the estimated 18,000 gay couples who tied the knot before the law took effect will stay wed. The 6-1 decision written by Chief Justice Ron George rejected an argument by gay rights activists that… Continue Reading California Supreme Court upholds gay marriage ban

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NEW YORK (AP) – Consumer confidence extended its rebound in May, soaring to the highest level since September as more shoppers are feeling the worst of the recession is behind them. The Conference Board said today that its Consumer Confidence Index, which had dramatically increased in April, zoomed past economists’ expectations to 54.9 from a… Continue Reading Consumer confidence at highest level since September

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WASHINGTON (AP) – President Barack Obama named federal appeals judge Sonia Sotomayor as the nation’s first Hispanic Supreme Court justice today, praising her as “an inspiring woman” with both the intellect and compassion to interpret the Constitution wisely. Obama said Sotomayor has more experience as a judge than any current member of the high court… Continue Reading Obama names Sotomayor as Supreme Court Justice

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DENVER (AP) -Vice President Joe Biden will be in Denver to host a town hall-style meeting about the middle class and environmental jobs, and members of the public have a chance to attend. The event at 2 p.m. Tuesday at the Denver Museum of Nature and Science comes three months after President Barack Obama was… Continue Reading Biden to discuss green jobs in Denver today

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LONDON (AP) – An American Airlines pilot failed a breath test at London’s Heathrow airport, the airline said Thursday. American said the pilot was given the test Wednesday after airport security staff alerted police. The pilot, whom the airline declined to name, was supposed to operate a flight with 204 passengers to Chicago. The flight… Continue Reading American Airlines pilot fails alcohol breath test

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