Audit questions FHA’s ability to screen lenders (AP)

AP - The government’s mortgage insurance agency is doing a poor job of screening lenders that enter the program, an internal audit has found.

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Audit questions FHA’s ability to screen lenders
(AP)

Correction: Clorox executive compensation story (AP)

AP - In an Oct.

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Correction: Clorox executive compensation story
(AP)

U.S. budget gap hits record $1.4 trillion (Reuters)

Reuters - The U.S. budget deficit hit a record $1.4 trillion in the just-ended fiscal year, the government said on Friday, as the deep recession and a series of bank rescues cut a gaping hole in public finances.

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U.S. budget gap hits record $1.4 trillion
(Reuters)

U.S. charges 6 in record insider trading case (Reuters)

Reuters - Galleon hedge fund partner Raj Rajaratnam and five others were charged with crimes including securities fraud and conspiracy involving insider trading that generated more than $20 million in profits, U.S. prosecutors and the FBI said on Friday.

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U.S. charges 6 in record insider trading case
(Reuters)

Edmunds: GM retail share to hit 22.4 pct in Oct. (AP)

AP - General Motors Co.’s retail market share will climb to 22.4 percent in October, helped by new product launches and surging ad spending, according to a preliminary analysis by Edmunds.com.

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Edmunds: GM retail share to hit 22.4 pct in Oct.
(AP)

FTSE 100 closes down on profit-taking (AFP)

AFP - The leading stock exchange closed down on Friday — despite striking a 12-month high earlier in the session — after disappointing financial results from the US and amid profit-taking from earlier gains.

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FTSE 100 closes down on profit-taking
(AFP)

BofA swings to $1 billion loss (Reuters)

Reuters - Bank of America Corp posted a $1 billion third-quarter loss as consumer credit woes eclipsed investment banking earnings, underlining why the bank remains on a government respirator and sending its shares down 4.2 percent.

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BofA swings to $1 billion loss
(Reuters)

Sagging consumer view tempers output optimism (Reuters)

Reuters - U.S. consumer sentiment fell unexpectedly this month, tempering optimism inspired by news of a rise in U.S.

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Sagging consumer view tempers output optimism
(Reuters)

Consumer sentiment falls unexpectedly (Reuters)

Reuters - U.S.

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Consumer sentiment falls unexpectedly
(Reuters)

Mattel sales fall less than expected (Reuters)

Reuters - Toymaker Mattel Inc reported a smaller-than-expected decline in quarterly revenue, helped by gains in its Hot Wheels and American Girl brands as it heads into the crucial holiday shopping season.

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Mattel sales fall less than expected
(Reuters)

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