Wall Street climbs as mixed data salvage gains
U.S. stocks rose despite mixed signals from retail sales and consumer sentiment. The Dow advanced about 143 points as autos and gasoline spending boosted July retail sales, while a Michigan sentiment survey fell to a 30 year low. Europe shares gained on measures to calm debt fears.
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Clinton urges global oil embargo on Syria to pressure Assad
Secretary of State Clinton presses world powers to cut Syrian oil and gas imports and sanction Assad’s regime. She cites growing international condemnation and says broader action is needed, urging allies to join in restricting energy links and military support to Syria.
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FBI reports mortgage fraud remains widespread and hard to detect
The FBI warned mortgage fraud is prevalent in a distressed housing market with high profits and low risk. The 2010 fraud cost is unclear but more than 10 billion in loans used fraudulent data were noted. California, Florida and New York are top states. An FBI program named Operation Stolen Dreams targets schemes nationwide.
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James F. Redding longtime LA businessman dies at 89
James F. Redding known as Jim, longtime Northwestern Mutual agent in Los Angeles, dies Aug 10 2011 at age 89. A Stanford graduate, Navy WWII veteran, he mentored agents and was honored by his agency. He leaves wife Jeanne preceded him, siblings, and children. A private memorial was held. donations requested to The Assurance Home.
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