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A home is seen for sale in the Washington suburb of Takoma Park

Existing home sales seen at highest since July 2007

Sales of existing U.S. homes likely rose for second consecutive month in October, reaching their highest level since July 2007, according to a Reuters poll, as buyers scrambled to take advantage of greater affordability and a first-time home buyer tax credit.

Cautious optimism as job losses slow

The pace of job losses slowed in many U.S. states in October, and the unemployment rate slipped in hard-hit Michigan, the Labor Department said on Friday, hinting the recession may...(1:08 PM ET)

People look for work at state employment department in San Francisco

Cautious optimism as job losses slow in U.S. states

The pace of job losses slowed in many U.S. states in October, and the unemployment rate slipped in hard-hit Michigan, the Labor Department said on Friday, hinting the recession may...(1:00 PM ET)

Gary Simpson, an employee at the Virginia Employment Commission office, posts job postings at the office in Alexandria, Virginia

U.S. layoffs fall in October

The number of mass layoffs reported by U.S. employers fell last month from September, a government report showed on Friday, suggesting job losses were close to bottoming.(11:16 AM ET)

Goldman holders seek bonus pool reduction: report

Some big Goldman Sachs Group Inc <GS.N> shareholders have asked the U.S. bank to cut what could be the biggest bonuses in its history to pass more profit onto investors, the ...(10:16 AM ET)

Jean-Claude Trichet, President of the European Central Bank (ECB) addresses the media during his monthly news confrence at the ECB headquarters in Frankfurt

Trichet warns banks risk addiction to support

Banks risk becoming addicted to cheap central bank cash used to fight the financial crisis and must prepare for its eventual withdrawal, the head of the ECB warned at a Frankfurt b...(9:00 AM ET)

Investors press Goldman for bigger share of profits: report

Big shareholders at Goldman Sachs <GS.N> have asked the U.S. bank, which is on track to pay out the biggest bonuses in the company's history, to pass more profit to investors...(8:48 AM ET)

Investors ask Goldman to be less greedy: report

Big shareholders at Goldman Sachs <GS.N> have asked the U.S. bank, which is on track to pay out the biggest bonuses in the company's history, to pass more profit to investors...(8:48 AM ET)

Weber President of German Bundesbank poses before the annual news conference in Frankfurt

Bankers say crisis lessons must be taken to heart

Bankers and regulators should learn the lessons of the global financial crisis and drive through changes to prevent future breakdowns, financiers said on Friday.(8:08 AM ET)

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