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Seeking to rein in volatility after a week of violent swings in banking shares, several European governments imposed bans on investors making certain types of bearish bets against financial stocks. As a result of lower crude-oil prices, gasoline prices have started to retreat. That could be good news for consumers who are still sweating at the pump. Aug. 12 (Bloomberg) -- Retail sales in the US climbed 0.5 percent in July, the most in four months, following a 0.3 percent increase June that was larger than previously estimated, the Commerce ... Retailers, including Macys Inc. (M) and Limited Brands Inc., reported July sales that exceeded analysts estimates. Retailers, including Macys Inc. (M) and Limited Brands Inc., reported July sales that ... The markets recovered from the weakest consumer sentiment report in more than 30 years and moved solidly into the green. As of 11:00 am ET, the Dow Jones Industrial Average rose 71.2 points, or 0.64%, to 11211, the S amp;P 500 gained 3.2 ... Tis the sales-tax-holiday season, when states give the gift of tax-free shopping for clothing, computers and other back-to-school supplies. SAN FRANCISCO (MarketWatch) - Gold futures traded lower Friday, extending the previous sessions fall to a second day after the main US metals-exchange operator increased the money needed to trade the ... Falling mortgage rates are sparking a miniboom in refinancings among homeowners eager to save money - but that wont be enough to cure an ailing economy. Workers sort packages at the US Post Office in San Francisco, Dec. 17, 2007. The financially troubled Postal Service is suspending its contributions to its employees pension fund. Italys premier faced resistance from local government officials Friday who denounced the countrys emergency austerity measures, saying the cuts are socially unjust and urging the central government to start from scratch. France gambled on growth—and lost. The economy delivered zero growth in the second quarter, piling pressure on the government to spell out how it plans to cut its deficit to 3% of gross domestic product in 2013 from 7.1% last year. AP Mortgage fraud remains widespread in the depressed housing market, with perpetrators motivated by high profits and little risk of getting caught, the FBI said Friday. Home foreclosure actions in Mississippi rose in July from the previous month, but were down from a year ago, a national foreclosure tracking firm said Thursday. By John ODoherty A hypersonic aircraft operated by a US defence agency has crashed into the Pacific Ocean on Thursday, the US military has said. NEW YORK (Reuters) - Oil prices rose on Friday in continued volatile trading as weak consumer sentiment data curbed an earlier boost from stronger equities markets and a report that US retail sales rose in July. It may be premature to talk of currency wars, but currency battles could be close at hand. The Swiss and Japanese authorities are grappling with the foreign-exchange markets to try to halt the relentless appreciation of the franc and ... JC Penney Co. reported a flat second-quarter profit on Friday as the department store retailer aggressively marked down prices on fashions to get its middle income shoppers to keep spending in an increasingly uncertain economy. Aug 12 (Reuters) - Shares of Nvidia Corp (NVDA.O) rose as much as 11 percent on Friday on the companys strong third-quarter revenue forecast, but brokerage Evercore Partners said it was surprised with the lack of growth of the graphics card makers ... Inventories at US companies rose less than forecast in June, indicating companies kept a tight rein on supply as consumer spending cooled. Debt-laden Portugal got a passing grade Friday from international inspectors who made a first check on progress of reforms ordered in exchange for a euro78 billion ($112 billion) bailout in May.
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