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U.S. consumer confidence hits five-month high; house prices rise |
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WASHINGTON (Reuters) - U.S consumer confidence surged to a five-month high in August as households grew increasingly upbeat about the labor market while house prices rose further in June, suggesting a recent acceleration in consumer spending was likely to be sustained. |
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Buffett becomes Bank of America's top shareholder |
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(Reuters) - Warren Buffett's Berkshire Hathaway Inc has become the largest shareholder of Bank of America Corp by exercising its right to acquire 700 million shares at a steep discount, more than tripling an investment it made six years ago. |
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S&P sees U.S. keeping AA+ rating if it avoids default |
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NEW YORK (Reuters) - Standard & Poor's said on Tuesday the United States would maintain its AA+ credit rating, its second highest, as long as the federal government avoids a default even if it does not increase the debt ceiling in a timely manner. |
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