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Consumer spending, inventories seen lifting U.S. second-quarter GDP

WASHINGTON - U.S. economic growth likely rebounded in the second-quarter from a winter-induced slump at the start of the year and will probably continue to gather momentum through the rest of 2014.

Recent Business News

U.S. services sector activity accelerates in July: Markit

NEW YORK, July 28 - Activity in the U.S. services sector held at its highest level in 4-1/2 years in July, though readings for new business and employment growth weakened, a survey showed on Monday.

9:53am EDT

Lloyds not off hook yet after $370 million Libor fines

LONDON - Lloyds Banking Group could face further punishment after agreeing to pay fines totaling $370 million for its part in a global interest rate rigging scandal and for attempting to manipulate fees for a government lending scheme to help banks.

12:44pm EDT

Wall Street dips as housing data disappoints

NEW YORK - U.S. stocks slipped on Monday as weak data on the housing market and services sector gave the latest indications that economic conditions were getting worse, taking the S&P 500 below a key support level.

12:55pm EDT

Dollar Tree to buy Family Dollar for $8.5 billion

- Discount chain Dollar Tree Inc will buy rival Family Dollar Stores Inc for about $8.5 billion, in a surprise deal that will help it fend off increasing competition from big-box retailers such as Wal-Mart Stores Inc . | Video

12:54pm EDT

Argentina to hold last-gasp debt talks with mediator Tuesday

BUENOS AIRES/NEW YORK - Argentina on Tuesday will meet the U.S. mediator in its battle with 'holdout' debt investors suing the country for last-minute talks to avert its second default this century.

1:00pm EDT

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Millennials: forever renters or just delayed homeowners?

The White House wants to help you move out of your parents’ basement. That was the message from Jason Furman, the chairman of the White House’s Council of Economic Advisers, at the Zillow Housing Forum in Washington yesterday.