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Ford Motor Company has officially announces that Mark Fields will replace Alan Mulally as CEO July 1.
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Mom’s a Genius, Science experiment leads to family business
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Federal Reserve chairwoman Janet Yellen told a Senate hearing Tuesday that the Fed remains on course to end a stimulus program of monthly bond purchases in October. But, she gave no indication of when the central bank might begin raising a key short-term interest rate. For a closer look at her remar
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Federal regulators are considering a shift away from rules requiring a 20 percent down payment for government-backed home loans. Rising mortgage rates and fewer foreclosed properties selling at bargain prices have slowed the steep recovery in the housing market. Vicente Arenas reports.
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The U.S. Federal Reserve has decided to continue winding down its bond-buying stimulus plan… cutting its monthly asset purchases to 25-billion dollars from 35-billion. This is their sixth consecutive 10-billion dollar cut and it means the Fed is on course to end its purchase program in October
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US tech giant Microsoft will acquire the maker of the popular online video game Minecraft in a deal reportedly worth $2.5 billion. Microsoft’s acquisition of the Stockholm-based Mojang is expected to close by the end of 2014. Watch this video to find out more.
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Chinese mega cities’ housing turnover has shown a sharp fall in recent months. The just ended Beijing Spring Real Estate Expo was more about buyers checking out suburban homes and overseas properties — than housing in downtown Beijing.
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The French town of Angouleme already has an international reputation for its Comic book Festival, but now it’s also gaining a reputation for animation.