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Aug 8, 2013

Fannie Mae posts $10.1B net income for 2Q

WASHINGTON — Mortgage giant Fannie Mae earned $10.1 billion in the second quarter, aided by the recovery in the housing market. The government-controlled company has turned a profit in each of the past six quarters. Fannie said Thursday it will pay a dividend of $10.2 billion to the U.S. Treasury next month. It made no […]

Apr 23, 2013

Report: Richest 7% got richer during recovery

WASHINGTON — A new report says the richest Americans got richer during the first two years of the economic recovery while average net worth declined for the other 93 percent of the nation’s households. The Pew Research Center report says wealth held by the richest 7 percent of households rose 28 percent from 2009 to […]

Apr 4, 2013

Where U.S. economy has, and hasn’t recovered

WASHINGTON — From household wealth to spending at stores, many of the U.S. economy’s vital signs have recovered from the damage done by the Great Recession Home foreclosures and layoffs have dropped to pre-recession levels. Economic output has rebounded. And the Dow Jones industrial average is in record territory. So is the economy back to […]

Dec 21, 2012

Top business stories: Economy, election, health care

This would be the year when the global economy finally regained its vigor. At least that’s what many had hoped. It didn’t happen. The three largest economies — the United States, China and Japan — struggled again in 2012. The 17 countries that use the euro endured a third painful year in their financial crisis […]

Oct 5, 2011

County leads upstate in fraud recovery

The Monroe County District Attorney’s Office, so far this year, has obtained orders requiring payments of $126,868 from successful prosecutions of people charged with unemployment insurance fraud. Only New York County, home to Manhattan, brought in more in restitution ...

Sep 27, 2011

Ex-president Clinton talks job strategy

ALBANY — In an often rousing speech, former President Bill Clinton urged New York to keep looking to the future to create a better state. “New York can rise again,” Clinton said “What we need is to suit up and win again.” He urged the Rust Belt ...

Jul 29, 2011

Economy slowed sharply in first half of year

WASHINGTON — The economy expanded at a meager 1.3 percent annual rate in the spring after scarcely growing at all in the first three months of the year, the Commerce Department said Friday. The combined growth for the first six months of the year ...

Jun 6, 2011

Usually a job engine, localities slow US economy

WASHINGTON — In a healthy economic recovery, states and localities start hiring, expand services and help fuel the nation's growth. Then there's the 2011 recovery. The U.S. economy is moving ahead, however fitfully.

Dec 27, 2010

Schwab recovering from heart surgery

SAN FRANCISCO — Charles Schwab, the founder and chairman of discount brokerage Charles Schwab Corp., is recuperating after undergoing successful heart valve replacement surgery on Friday.

Oct 25, 2010

Home sales up 10 pct. in Sept.; short of recovery

WASHINGTON, D.C. — Sales of previously occupied homes rose last month after a dismal summer but remain well short of healthy levels. The National Association of Realtors says sales grew 10 percent in September ...

Oct 5, 2010

State comptroller says recovery will be slow

The New York State economy remains seriously damaged from the worst national recession in decades, precipitated by high risk lending practices, according to a report on economic trends in New York state released today by Comptroller Thomas P. DiNapoli.

Aug 11, 2010

Worried about recovery, Fed takes small steps

WASHINGTON, D.C. — More worried about the recovery, the Federal Reserve took a small step Tuesday to bolster the economy. Wrapping up a one-day meeting, the Fed said it will use the proceeds from its investments in mortgage bonds ...

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