4:25pm: Starting Friday, payments ranging from $300 to $125,000 will be mailed to 4.2 million borrowers as part of a $3.6 billion foreclosure settlement between the government and 13 mortgage servicers. More
4:08pm: A federal investigation has found that community banks used government funds from an Obama program to pay back recession-era bailouts -- instead of lending the money to small businesses as originally intended.
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3:21pm: The cost to stay in a nursing home continues to soar, reaching an average of more than $80,000 this year, according to a new Genworth study.
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3:16pm: Both President Obama and a congressional watchdog identified redundant programs to be cut from the federal budget this week. Every year, more waste is found and lawmakers mostly ignore it.
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3:07pm: Kate Milburn, an employee at the J.C. Penney store in Coral Springs, Florida, said that she hopes J.C. Penney will go back to the way it was before former CEO Ron Johnson took over.
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3:02pm: Government agency forecasts gas prices to be down 6 cents a gallon this summer, to $3.63, compared to 2012 driving season.
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2:26pm: With over one million sold in 2012, Ford Focus sales retained their spot at the top.
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1:38pm: Chinese families are scouring the globe for powdered baby milk, creating shortages as far afield as the U.K. after a series of food scares damaged confidence in local supplies.
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1:00pm: German police said 5.5 tons of Nutella were stolen over the weekend, adding to a crime spree that has recently included 5.5 tons of coffee and 34,000 cans of Red Bull.
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12:15pm: Google Fiber offers Internet speeds of up to 1 gigabit per second, which Google says is 100 times faster than average.
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11:18am: The president is expected to propose $1.8 trillion in deficit reduction. If adopted, that would bring total debt reduction during his tenure to $4.3 trillion -- a big cut but maybe not big enough.
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10:58am: Budget cuts are causing delays all around at the IRS, including long lines for those seeking free tax advice.
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10:34am: IMF says inflation in check, gives green light to central banks that want to take action to spur growth.
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10:16am: Car repair costs are on the rise, according to auto repair Web site CarMD.
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10:09am: New research shows that climate change will result in more turbulence on transatlantic flights, which may lead to higher costs, longer journeys and increased fuel consumption
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10:05am: CFTC looking at whether banks used deception to manipulate rates used in interest rate swaps, widening a probe started by the Libor scandal.
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9:45am: With little on the docket, investors pushed stocks higher. First Solar surged on guidance. KPMG resigns as auditor for Herbalife and Skechers. J. C. Penney shares sink.
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8:24am: Google may face a new anti-trust investigation by the European Union after a group of competitors complained it was trying to corner the mobile market.
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6:02am: The average 25-year-old has already worked at least 6 jobs, not much more than the baby boomers, who worked an average of 5.5 jobs by that age.
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5:01am: Investors head into Tuesday digesting results from Alcoa that marked the start of first-quarter corporate results.
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