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Financial Headlines From The Associated Press

  • APNewsBreak: BofA reaches $17B settlement with US
    WASHINGTON (AP) -- Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis....
  • Why Bank of America deal might not cost it $17B
    WASHINGTON (AP) -- How much will Bank of America's expected $17 billion mortgage settlement cost the company? The answer is, almost certainly not that much....
  • Apple's stock bounces back to hit a new high
    SAN FRANCISCO (AP) -- Apple's stock touched a new high Wednesday, reflecting investors' renewed faith in CEO Tim Cook's ability to outwit the competition and expand the technological hit factory built by the late Steve Jobs....
  • Some Fed officials favor reduced help for economy
    WASHINGTON (AP) -- Some Federal Reserve officials think the economy is improving fast enough that the Fed will soon need to signal a change in the extraordinary support it's been providing the economy in the form of ultra-low interest rates....
  • Yellen to give her outlook as Fed honeymoon fades
    WASHINGTON (AP) -- Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks. Yellen has so far carried on his approach with barely a hiccup....

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