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At year's end: Economic recovery is taking shape

At year's end: Economic recovery is taking shape

The question in an economic recovery invariably flips, in time, from when will it finally occur to what will it look like.
ANTHONY HALL, United Press International

Markets close out 2013 on a high note

U.S. markets closed out a year of trading Tuesday with the Dow Jones industrial average and the Standard & Poor's 500 hitting all-time closing highs.
Crude oil slides under $99

Crude oil slides under $99

Crude oil prices slid to less than $99 per barrel on the New York Mercantile Exchange Tuesday, the last trading day of the year.

Retail sales get boost from last-minute shopping

Last minute Christmas shopping gave U.S. retailers a boost in the week ending Saturday, a trade group said Tuesday.

Great year for bread and butter strategies on Wall Street

Bread-and-butter mutual funds beat the bells-and-whistles hedge fund portfolios on Wall Street this year, data show.

Chicago business index softens in December

The Chicago Business Barometer slipped in December for the second consecutive month, the Institute of Supply Management said Tuesday.

Consumer confidence climbs in December

Consumer confidence in the U.S. economy rebounded in December after three months of declines, the Conference Board said Tuesday.

Home prices make solid gains in October

Gains in U.S. home prices were higher than expected in October, the S&P/Case-Shiller monthly report revealed Tuesday.

Food product recall in Japan may involve foul play

Police in Japan said they were concerned a frozen food product recall may have involved intentional product tampering.
China's local government debt soars

China's local government debt soars

China's local government debt jumped to 17.7 trillion yuan ($2.95 trillion) by mid-year, up 12.7 percent from December 2012, its National Audit Office said.

Hiring in 2014 expected to start on a cautious note

The U.S. job market should hold steady in 2014 if lawmakers in Washington settle differences over the debt ceiling, a national survey found.

Markets closed mixed as year's end nears

U.S. markets closed mixed Monday with the Dow Jones industrial average notching a new closing high and the Standard & Poor's 500 dropping less than a point.

U.S. crude oil recedes closer to $99

Crude oil prices moved lower on the New York Mercantile Exchange Monday morning, sliding closer to $99 per barrel.

Zoom car seat stroller adapters recalled

The U.S. Consumer Product Safety Commission announced a voluntary recall of 1,500 Zoom car seat stroller adapters due to a potential falling hazard.
Ford says it remains No. 1 in North America

Ford says it remains No. 1 in North America

Sales at Ford Motor Co. projected Monday it would maintain its position as the top selling brand in North America for 2013.

Hewlett-Packard talking settlement over bribery allegations

Hewlett-Packard said Monday it was negotiating settlements with U.S. regulators concerning bribery allegedly made to secure a contact in Russia.

Cooper Tire calls off deal with Apollo Tyre

Cooper Tire said Monday it would no longer pursue closure on a $2.2 billion deal to sell itself to India's Apollo Tyres.
Home prices hit new peaks in a few scattered markets

Home prices hit new peaks in a few scattered markets

U.S. home prices remain largely below their 2007 peak, but some communities are currently seeing new peaks established, data compiled by Zillow reveals.

Manufacturing growth in Texas slows

The Dallas Federal Reserve Bank said Monday Texas manufacturing expanded in December for the eighth consecutive month.
Pending home sales stable in November

Pending home sales stable in November

The U.S. Pending Home Sales Index arrested a five-month slide in November, the National Association of Realtors said Monday.

Volvo of North America to recall nearly 31,000 cars

Volvo Cars of North America said it would recall nearly 31,000 vehicles because of problems with low-oil-pressure warning systems, U.S. regulators said.

Economic reports calendar has modestly busy week ahead

Investors and economists are facing a second consecutive week with the U.S. economic reports calendar disrupted by a national holiday.

Dallas billionaire Harold Simmons dies at 82

Harold Simmons, who became a billionaire by building, buying and selling a wide range of companies, died at a Dallas hospital, his family said. He was 82.

South Korea's current account surplus drops in November

South Korea's current account surplus eased to $6.03 billion in November from October's record high $9.51 billion, its central bank reported Monday.

Tax revenues worldwide recover from recession

Tax revenue worldwide is still bouncing back from the low levels of 2008-09, the height of the recession, a non-profit group in France says.
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