WASHINGTON - U.S. housing starts surged to their highest level in nearly six years in November, a sign of strength in the housing market that could give the Federal Reserve ammunition to start cutting back its bond purchases.
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Recent Business News
- The New Jersey attorney general sued a unit of Swiss bank Credit Suisse Group AG on Wednesday and accused it of misrepresenting the risks on more than $10 billion in securities backed by home loans.
DUBLIN - The liquidation vehicle for Ireland's failed Anglo Irish Bank has been granted bankruptcy protection in the United States, it said on Wednesday.
NEW YORK - Ford Motor Co said Wednesday it expects lower pretax profit in 2014 and that its target for global automotive operating margin is at risk, due to economic conditions in Europe and South America, driving Ford shares down more than 4 percent.
PARIS - A strike at three of Total's five French refineries entered its 6th day on Wednesday, with a majority of their production units now closed, as unions sought concessions to end the wage dispute, CGT union officials said.
The US Labor Department reported that the Consumer Price Index (CPI), used to measure inflation, was flat in November compared to the previous month.
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