Spot Gold Extends Losses, Falls 3.3% to Weakest Since October 2010
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Bonnie Papandrea, Wilkinson & Associates powered by ERA, explains what money can buy you in Charlotte, North Carolina.
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*ADP payrolls growth undershoots forecasts. NEW YORK, May 1- U.S. Since the last FOMC meeting, the data have been coming in weaker than expected, "said Sam Bullard, senior economist at Wells Fargo in Charlotte, North Carolina."
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NEW YORK, May 1- U.S. companies hired the smallest number of employees in seven months in April while manufacturing growth slowed, providing more signs that the economy is encountering a soft patch.
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NEW YORK, May 1- U.S. private-sector hiring slowed again in April as companies added the fewest employees in seven months, the latest sign the economy is encountering a soft patch, a report by a payrolls processor showed on Wednesday.
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WASHINGTON, April 30- U.S. job growth likely accelerated in April, but probably still lacked enough muscle to help the economy head off the blow from deep government budget cuts and higher taxes.
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WASHINGTON, April 29- U.S. consumer spending unexpectedly rose in March as benign inflation supported households' buying power, but the growth momentum was unlikely to be sustained amid higher taxes. The Commerce Department said on Monday consumer spending advanced 0.2 percent last month after an unrevised 0.7 percent increase in February.
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WASHINGTON, April 28- President Barack Obama plans to nominate on Monday Charlotte, North Carolina, Mayor Anthony Foxx to be his next transportation secretary, a White House official said on Sunday. If confirmed by the U.S. Senate, Foxx would replace Ray LaHood, who has served as transportation secretary since January 2009.
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WASHINGTON, April 28- President Barack Obama on Monday plans to nominate Charlotte, North Carolina, Mayor Anthony Foxx to be his next transportation secretary, a White House official said on Sunday.
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*Netflix shares surge after results. *Apple up nearly 5 percent after bell on earnings. NEW YORK, April 23- U.S. stocks climbed on Tuesday in a broad rally, recovering from sharp declines sparked by a "bogus" Associated Press tweet about explosions at the White House.
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*Netflix shares surge after results. NEW YORK, April 23- U.S. stocks climbed on Tuesday in a broad rally, recovering from sharp declines sparked by a "bogus" Associated Press tweet about explosions at the White House. A false tweet by hackers of two explosions at the White House that injured U.S.
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*Factory activity slowest in six months in April. WASHINGTON, April 23- U.S. factory activity expanded at its slowest pace in six months in April, the latest sign that economic growth continued to lose momentum early in the second quarter, though the recovery has not been derailed.
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Supreme Court decision to limit the sweep of a 1789 law used to fight human rights abuses worldwide left a window slightly ajar for victims to sue companies, especially U.S. companies, accused of aiding such abuses.
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April 18- Bank of America Corp has launched a bank-wide initiative to boost revenue, but Chief Executive Brian Moynihan has his work cut out in proving that he can get the bank to grow robustly as it moves past its mortgage problems. This month, he met with about 100 of Bank of America's regional banking executives to talk about strategies for winning more business.
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Bank of America spokesman Lawrence Grayson declined to comment. The shareholders alleged they had been misled into buying shares of Charlotte, North Carolina- based Bank of America in 2009 and 2010..
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April 17- Bank of America Corp's revenue fell across almost all its businesses in the first quarter, and the bank was hit yet again by mortgage mess cleanup costs, showing the difficulties Chief Executive Brian Moynihan faces in moving past the housing crisis. Bank of America shares closed down 4.7 percent at $11.70 on Wednesday.
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April 17- Bank of America Corp revenue fell across almost all its businesses in the first quarter, and the bank was further hit by a legal settlement for mortgages, highlighting the difficulties Chief Executive Brian Moynihan faces in moving past the housing crisis.
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*EPS 20 cents vs Street view 22 cents. April 17- Bank of America Corp reported a lower-than-expected first-quarter profit and its revenue fell, sending the No. 2 U.S. bank's shares down 3 percent before the bell on Wednesday.
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*EPS 20 cents vs Street view 22 cents. April 17- Bank of America Corp reported a lower-than-expected first-quarter profit and its revenue fell, sending the No. 2 U.S. bank's shares down 3 percent before the bell on Wednesday.
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Net income rose to $2.62 billion, or 20 cents per share, from $653 million, or 3 cents per share, in the year-earlier quarter, when earnings were affected by a host of one-time items including a $4.8 billion charge related to the value of its debt.
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April 17- Bank of America Corp has reached a record $500 million settlement with investors who claimed they were misled by its Countrywide unit into buying risky mortgage debt.
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*Consumer prices fall 0.2 percent in March. WASHINGTON, April 16- U.S. consumer prices fell in March for the first time in four months as the cost of gasoline tumbled, providing scope for the Federal Reserve to maintain its monetary stimulus to speed up economic growth.
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