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Mar 12, 2010

DAI: Wall Street ends flat after mixed data






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Good evening Fernando, FRI 12 Mar 2010 
Wall Street ends flat after mixed data
Cheap cigars, politics and the Volcker Rule
Yellen leads picks for Fed seat
Treasury says 1 million homeowners in loan modifications
Calif. lawsuit claims Toyota hid defect evidence
Retail sales rise as shoppers fight winter blues
Slow financial regulatory reform irks industry
"Cash for keys" aids home borrowers, investors
WaMu deal resolves fallout from record bank failure
Wells Fargo, Baltimore in talks after mortgage suit


Wall Street ends flat after mixed data
March 12, 2010 04:33 PM ET
NEW YORK (Reuters) - Mixed consumer and retail data kept stocks near break even on Friday, but major indexes edged higher for a second straight week.

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Cheap cigars, politics and the Volcker Rule
March 12, 2010 01:17 PM ET
NEW YORK (Reuters) - In mid-January, a who's who of Wall Street gathered to hear Paul Volcker, the former Federal Reserve chairman whose role in the White House seemed at best unclear.

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Yellen leads picks for Fed seat
March 12, 2010 03:53 PM ET
WASHINGTON (Reuters) - San Francisco Federal Reserve Bank President Janet Yellen, a monetary policy dove, tops President Barack Obama's list to be No. 2 at U.S. central bank, the White House said on Friday.

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Treasury says 1 million homeowners in loan modifications
March 12, 2010 02:38 PM ET
WASHINGTON (Reuters) - An Obama administration program to help struggling homeowners modify their mortgages has more than one million active borrowers, though fewer than 10 percent have obtained permanent loan modifications, according to a Treasury Department report released on Friday.

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Calif. lawsuit claims Toyota hid defect evidence
March 12, 2010 04:05 PM ET
SANTA ANA, California (Reuters) - Southern California prosecutors filed the first U.S. consumer protection lawsuit against Toyota Motor Corp on Friday, claiming it had engaged in "fraud" by hiding evidence of dangerous vehicle defects.

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Retail sales rise as shoppers fight winter blues
March 12, 2010 04:32 PM ET
WASHINGTON (Reuters) - U.S. retail sales rose unexpectedly last month despite heavy snow storms that were thought to have kept shoppers at home and bolstered hopes of a sustainable economic recovery.

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Slow financial regulatory reform irks industry
March 12, 2010 02:54 PM ET
BOCA RATON, Florida (Reuters) - The pace of financial regulatory reform remains slow even as the global economy struggles to recover from a crisis that many say was caused by inadequacies in the current system, attendees at an annual financial conference said this week.

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"Cash for keys" aids home borrowers, investors
March 12, 2010 02:21 PM ET
NEW YORK (Reuters) - Jon Daurio, chief executive officer of mortgage investor Kondaur Capital Corp., recently offered a $4,000 check to Barry Culver for the deed to his Bryan, Ohio house.

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WaMu deal resolves fallout from record bank failure
March 12, 2010 02:47 PM ET
WILMINGTON, Delaware (Reuters) - Washington Mutual Inc said on Friday that it reached a deal that will bring it roughly $6 billion and help resolve its bankruptcy, but it could leave shareholders in the cold.

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Wells Fargo, Baltimore in talks after mortgage suit
March 12, 2010 02:31 PM ET
NEW YORK (Reuters) - Wells Fargo & Co said on Friday it is in talks with Baltimore officials that could avert further litigation by that city over the bank's mortgage lending practices.

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REUTERSwww.reuters.com