News Summary: US home sales rise 2.1 pct. in Oct.

SALES RISE: U.S. sales of previously occupied homes rose moderately in October, helped by improvement in the job market and record-low mortgage rates. Sales rose 2.1 percent in October to a seasonally adjusted annual rate of 4.79 million according to the National Association of Realtors.INVENTORIES: A decline in housing inventory is helping push prices higher. There were only 2.14 million homes available...

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News Summary: US 30-yr mortgage rate at record low

RATES AT RECORD LOW: Average U.S. mortgage rates fell to fresh record lows this week, a trend that is boosting home sales.THE NUMBERS: Mortgage buyer Freddie Mac said the average 30-year loan rate dipped to 3.31 percent, the lowest on records dating back to 1971. The average on the 15-year fixed mortgage dropped to 2.63 percent, also a record.HOUSING RECOVERY: Home sales and construction are rising,...

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Retirement Savings Plan Reality: Save More

There's a buzz building in California over a state move to create a retirement savings plan for private employees with no workplace 401k. It might seem that everyone has plenty of access to a retirement savings plan, but at least a third of U.S. households get to retirement with just Social Security to back them up, reports MarketWatch.The "pioneering" part of such a retirement savings plan would...

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Top UBS shareholder pins rebound hopes on private wealth

LONDON (Reuters) - UBS's wealth management business will help it bounce back from a $1.5 billion rap for rigging interest rates, one of its largest investors said, although fears of costly civil lawsuits could cast a pall over its shares for some time.Paras Anand, European equities head at Fidelity Worldwide Investment, said legal action sparked by the Libor scandal posed an unpredictable threat...

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Drugs group Lundbeck's shares hit by profit warning

COPENHAGEN (Reuters) - Shares in Danish drugs firm Lundbeck fell to their lowest level in over 12 years on Wednesday after it cut its profits forecast for the next two years as European sales slow and spending on new products rise to combat generic competition.The company has already warned that earnings would stall until 2015 due to cheap generic competition for its existing drugs, meaning new products...

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New Mauritius Hotels posts 25 pct drop in full-year profit

PORT LOUIS (Reuters) - Luxury hotels group New Mauritius Hotels (NMH) reported a 25 percent fall in full-year pretax profit, citing higher finance costs and fewer tourists, and forecast a 15 percent drop in first-quarter earnings.Ranked among the Indian Ocean island's most-traded stocks, NMH said on Wednesday that pretax profit for the year to September 30 fell to 603 million Indian rupees, with...

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Oracle 2Q earnings rise 18 pct as tech spending up

SAN FRANCISCO (AP) — Oracle says its latest quarterly earnings rose 18 percent as companies splurged on more software and other technology toward the end of the year.The results announced Tuesday are an improvement from Oracle's previous quarter, when the company's revenue dipped slightly from a year earlier.The latest quarter spanned September through November. That makes Oracle the first technology...

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Oracle sees third-quarter profit of 64 to 68 cents per share

BOSTON (Reuters) - Oracle Corp, the world's No. 3 software maker, said it expects to report non-GAAP earnings per share of 64 cents to 68 cents in its fiscal third quarter.Oracle forecast that third-quarter new software sales and cloud subscriptions sales will rise 3 percent to 13 percent from a year earlier.The company said its sees third-quarter hardware products sales flat to down 10 percent from...

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Oracle beats outlook, shrugs off fiscal debate

BOSTON/SAN FRANCISCO (Reuters) - Technology giant Oracle Corp said software sales growth will stay strong into the new year despite fears that there could be big tax hikes and U.S. government spending cuts that could cause a slump in spending by customers.Shares of the world's No. 3 software maker rose 1.3 percent after it reported fiscal second-quarter revenue and earnings that surpassed Wall Street...

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BofA CEO: Fed wants bank to show consistent earnings

CHARLOTTE, North Carolina (Reuters) - Bank of America Corp needs to show the U.S. Federal Reserve it can produce consistent earnings as part of the annual process to gain permission to return more capital to shareholders, CEO Brian Moynihan said in an interview.The second-largest U.S. bank is turning a profit in most of its main businesses, but it inherited costly legal problems when it acquired companies...

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Top UBS shareholder pins rebound hopes on private wealth

LONDON (Reuters) - UBS's wealth management business will help it bounce back from a $1.5 billion rap for rigging interest rates, one of its largest investors said, although fears of costly civil lawsuits could cast a pall over its shares for some time.Paras Anand, European equities head at Fidelity Worldwide Investment, said legal action sparked by the Libor scandal posed an unpredictable threat to...

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L-com: New D-Subminiature Gender Changers Have Hardware Removed for Panel Mounting

L-com now offers a gender changer D-Sub adapter that comes without the mating hardware. In most panel-mount applications, the mating hardware included with the gender changers is removed and thrown out. This new series includes four popular D-Sub sizes and saves installers precious time.North Andover, MA (PRWEB) December 27, 2012L-com, Inc., a designer and manufacturer of wired and wireless connectivity...

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Hair Restoration Company Now Offers Regrowth Solution for Men by Provillus

Hair restoration formula is now offered to men to help with hair regrowth at Provillus.com. This new product is launched for the first time online and is a topical formula to help regrow lost hair in balding men.Hartford, Connecticut (PRWEB) December 27, 2012A new hair regrowth product is now available exclusively for men. The Provillus company has launched its new topical formula to help men regrow...

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$100,000 raised in 24 hours after Sandy destroys Ali Forney Center

Cincinnati , Ohio (PRWEB) December 27, 2012Rescue organizations are often the ones who respond to natural disasters. But what happens when the rescue organization is the one that's hit? The Ali Forney Center location in Manhattan provided shelter, counseling, medical attention and food to New York City's homeless LGBT youth until Hurricane Sandy hit. Alex Roque is their Director of Development. “We...

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Dr. Sherri Wilcox Pens Inspiring New Book, “Gift of Freewill®”

“Humanity has fallen into a canyon far away from God, and many of us don’t know why we are here or what we are supposed to be doing,” Dr. Sherri Wilcox explains. “It’s important to recognize that in order to find happiness, man must learn how to avoid being an instrument of his own destruction.” With this in mind, she aims to help others find their way back to the light in her new book, “Gift of Freewill®”(published...

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Cheap Concert Tickets has 2013 One Direction Tickets Available for 1D Fans Who Missed Seeing This Popular Band Perform Live During 2012

Cheap Concert Tickets announces that discounted One Direction tickets are still available for all their 2013 tour dates. This popular secondary ticket exchange is offering the special customer appreciation code Save for special savings.New York, NY (PRWEB) December 27, 2012Cheap Concert Tickets reports that One Direction's popularity around the World continues in an upward spiral. One Direction is...

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Oracle beats outlook, shrugs off fiscal debate

BOSTON/SAN FRANCISCO (Reuters) - Technology giant Oracle Corp said software sales growth will stay strong into the new year despite fears that there could be big tax hikes and U.S. government spending cuts that could cause a slump in spending by customers.Shares of the world's No. 3 software maker rose 1.3 percent after it reported fiscal second-quarter revenue and earnings that surpassed Wall Street...

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BofA CEO: Fed wants bank to show consistent earnings

BofA CEO: Fed wants bank to show consistent earningsCHARLOTTE, North Carolina (Reuters) - Bank of America Corp needs to show the U.S. Federal Reserve it can produce consistent earnings as part of the annual process to gain permission to return more capital to shareholders, CEO Brian Moynihan said in an interview.The second-largest U.S. bank is turning a profit in most of its main businesses, but it...

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Top UBS shareholder pins rebound hopes on private wealth

LONDON (Reuters) - UBS's wealth management business will help it bounce back from a $1.5 billion rap for rigging interest rates, one of its largest investors said, although fears of costly civil lawsuits could cast a pall over its shares for some time.Paras Anand, European equities head at Fidelity Worldwide Investment, said legal action sparked by the Libor scandal posed an unpredictable threat to...

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Drugs group Lundbeck's shares hit by profit warning

COPENHAGEN (Reuters) - Shares in Danish drugs firm Lundbeck fell to their lowest level in over 12 years on Wednesday after it cut its profits forecast for the next two years as European sales slow and spending on new products rise to combat generic competition.The company has already warned that earnings would stall until 2015 due to cheap generic competition for its existing drugs, meaning new products...

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