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Mexican bank chief seeks support for top IMF job

The head of Mexico's central bank says that if he is selected to become the top official at the International Monetary Fund, he will work to increase representation for developing countries and increase the IMF's abilities to deal with financial crises.

On June 21st, 2011, posted in: Recent News by

How the Fed influences interest rates, at a glance

The Federal Reserve's soon-to-end bond-buying program goes by the unwieldy term “quantitative easing.” It involves having the Fed buy Treasurys from investors.

On June 21st, 2011, posted in: Recent News by

Fed’s soon-to-end bond buying likely aided economy

It would drop interest rates and lift stock prices. It would ignite inflation

On June 21st, 2011, posted in: Recent News by

Summary Box: Home sales fell in May to 2011 low

HOME SALES SINK: Sales of previously occupied homes fell 3.8 percent last month to an annual pace of 4.81 million homes. That's the lowest level in six months and far below the roughly 6 million annual sales rate typical in healthy housing markets

On June 21st, 2011, posted in: Recent News by

Oil settles above $94

Oil settled slightly higher on Tuesday ahead of a key vote in Greece on its financial crisis. Here's how energy contracts traded.

On June 21st, 2011, posted in: Recent News by

AP Exclusive: Medicaid for the middle class?

President Barack Obama's health care law would let several million middle-class people get nearly free insurance meant for the poor, a twist government number crunchers say they discovered only after the complex bill was signed.

On June 21st, 2011, posted in: Recent News by

Summary Box: Walgreen 3Q profit rises 30 percent

RISING PROFIT: Walgreen Co. said its profit grew 30 percent in the fiscal third quarter, and the results surpassed Wall Street estimates

On June 21st, 2011, posted in: Recent News by

Israel urges Apple to remove pro-Palestinian app

The Israeli government on Tuesday appealed to Apple Inc. to remove an application called “ThirdIntifada” from its App Store, saying the program glorifies violence against the Jewish state.

On June 21st, 2011, posted in: Recent News by

Home sales fall to 2011 low; few 1st-time buyers

Fewer people bought previously occupied homes in May, lowering sales to their weakest point of the year.

On June 21st, 2011, posted in: Recent News by

Best Buy OK’s $5B buyback, raises dividend 7 pct

Best Buy Co. says it will buy back $5 billion of its common stock and is raising its quarterly dividend by 7 percent.

On June 21st, 2011, posted in: Recent News by