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Mortgage interest rates set record lows
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WASHINGTON, Sept. 2 (UPI) -- Average interest rates for long-term mortgages set record lows in the week ending Sept. 2, the U.S. Federal Home Loan Mortgage Corp. said Thursday.
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Schumer warns Fed of credit issuer dodge
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WASHINGTON, Sept. 2 (UPI) -- U.S. credit card companies may be dodging a consumer protection law by sending solicitations for professional-class cards, Sen. Charles Schumer, D-N.Y., said.
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Rig explodes in gulf; 1 injury reported
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HOUMA, La., Sept. 2 (UPI) -- An oil rig exploded and caught fire in the Gulf of Mexico Thursday, but all 13 people on board have been accounted-for, the U.S. Coast Guard said.
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Given uncertainty, ECB leaves rate alone
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FRANKFURT, Germany, Sept. 2 (UPI) -- The European Central Bank said Thursday it would keep its lending rate unchanged at 1 percent.
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Manufacturing shows growth in August
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TEMPE, Ariz., Sept. 2 (UPI) -- U.S. manufacturing expanded for the 13th consecutive month in August, the Institute of Supply Management said.
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Crude oil prices ease back Thursday
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NEW YORK, Sept. 2 (UPI) -- Crude oil prices dropped on the New York Mercantile Exchange early Thursday but held above $73 per barrel on positive signals from equity markets.
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Flurry of storms is typical for time of year, experts say
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MIAMI -- In the last two weeks, it seems as though the tropics have exploded: Hurricane Earl, big, scary and steaming toward North Carolina and a string of states. Tropical Storm Fiona, nearing hurricane strength but heading into hostile conditions and out to sea.
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Wheat prices gain with dollar down
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CHICAGO, Sept. 1 (UPI) -- Grains were mixed on the Chicago Board of Trade Wednesday with wheat futures up sharply and soybean prices moderately lower.
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Fuld: Government failed Lehman Bros.
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WASHINGTON, Sept. 1 (UPI) -- Former Lehman Bros. Chief Executive Officer Richard Fuld Jr. told a Washington panel Wednesday that government error allowed the firm to fail.
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Safety advocates seek hot car warnings
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WASHINGTON, Sept. 1 (UPI) -- U.S. automobile safety regulators are considering a proposal to require the installation of warning systems to prevent children from being left in cars.
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Deseret News to cut staff by 43 percent
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SALT LAKE CITY, Sept. 1 (UPI) -- Salt Lake City newspaper Deseret News said it would merge its editorial staff with KSL-TV and Radio in the fall, cutting 43 percent of its staff.
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GM hands over keys to Akerson
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DETROIT, Sept. 1 (UPI) -- General Motors Co. handed the keys to the car company to board member Daniel Akerson, who took over as chief executive officer Wednesday.
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Chile miners clean up, settle in, wait
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COPIAPO, Chile, Sept. 1 (UPI) -- A video shows 33 miners doing their best to adapt to what is expected to be as many as four months stuck inside a Chilean copper mine.
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Construction outlays dropped in July
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WASHINGTON, Sept. 1 (UPI) -- Construction spending in the United States dropped 1 percent in July compared to June, the U.S. Commerce Department said Wednesday.
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Settlers vow to break building freeze
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JERUSALEM, Sept. 1 (UPI) -- The settler council said it would break the building freeze in response to the slaying of four Israelis by terrorists near Hebron Tuesday night.
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