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Flood Control Plan for North Dakota’s Souris River Valley in Limbo

Plans for an $823 million flood control project for the Souris River Valley in North Dakota are in limbo due to federal policy changes and disagreements in Congress. Corps of Engineers officials are studying new rules that impact changes to … Continue reading

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Despite Murder Charge, Texas Woman Gets Insurance Payout

A judge has awarded the payout of trucking magnate Bill Hall Jr.’s life insurance policy to Hall’s widow, who’s charged with murdering her husband. Bexar County Probate Judge Tom Rickhoff has ordered that Frances A. Hall receive about $310,000 from … Continue reading

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Premiums for Most Expensive Car Close to Income for Typical American Family

A Ferrari 250 GTO Berlinetta last week became easily the most expensive car sold at auction by when a bidder at a California auction agreed to buy it for $38.1 million, according to Hagerty Group LLC, a Traverse City, Michigan-based … Continue reading

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N.Y. Man to Be Freed in Discredited Arson-Science Case

A New York City man who has spent 24 years in prison for setting a fire that killed his daughter will be released from custody while prosecutors decide whether to retry him. U.S. District Judge William Nealon on Tuesday granted … Continue reading

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U.S. housing, jobs data bolster economic outlook

By Lucia Mutikani WASHINGTON (Reuters) – U.S. home resales rose to a 10-month high in July and the number of Americans filing new claims for unemployment benefits fell last week, signaling strength in the economy early in the third quarter. … Continue reading

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Average US 30-year mortgage rate at 4.10 pct

WASHINGTON (AP) — Average long-term U.S. mortgage rates declined this week, with the 30-year loan rate hitting its 52-week low. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage fell to 4.10 percent from 4.12 percent … Continue reading

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Mortgage Rates Move Higher After Fed Minutes

Mortgage rates were higher for a third straight day as financial markets continue a measured correction from last Friday’s volatility.  At that time, headlines concerning Ukraine destroying a Russian armored convoy caused rates to move to their lowest levels in … Continue reading

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Mortgage Rates Slightly Lower Despite Stronger Economic Data

Mortgage rates ended a 3-day losing streak, moving modestly lower today.  This wasn’t the case in the morning, but several lenders released positively-revised rate sheets in the afternoon.  As such, some lenders still have slightly higher rates compared to yesterday, … Continue reading

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Feds go after Countrywide’s Mozilo…again

Angelo Mozilo, the spectacularly tan co-founder of Countrywide Financial Corp., is reportedly in trouble with prosecutors once again due to his company’s loose lending standards leading up to the financial crisis. This latest prosecution comes three years after the Justice … Continue reading

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Gap reports higher profit, plans India expansion

SAN FRANCISCO (AP) — Gap Inc. said its profit rose 10 percent in the second quarter as the clothing retailer cut expenses and managed to lift sales. The San Francisco-based company also said it plans to open Gap stores in … Continue reading

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