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Lowe's Profit Up 15 Pct., Tops Estimates
ATLANTA (Reuters) - Lowe's Cos. (LOW.N: Quote , Profile , Research ) , the No. 2 home improvement retailer, on Monday reported a 15 percent rise in third-quarter profit, topping estimates, aided by its expansion into large U.S. markets. The company also reported higher gross margins, strong sales of outdoor power equipment, countertops and... : Lowe's Profit Up 15 Pct., Tops EstimatesConforming & Non-Conforming Mortgages
A conforming mortgage refers to a mortgage that is drawn up within the guidelines specified by the lending institutions referred to as Fannie Mae and Freddie Mac. The most common reason for a mortgage to be referred to as non-conforming is because the total amount of the mortgage exceeds the lending limits or total loan amount allowed. This t... : Conforming & Non-Conforming MortgagesElection Over, Eyes Turn to Rates
By Dan Burns NEW YORK (Reuters) - With the U.S. presidential election finally over, stock investors won't get much of a break next week as they face the next big obstacle -- higher interest rates. A better-than-expected employment report on Friday fueled expectations that the Federal Reserve will raise rates not once -- but twice more by the end of the year. Many believe more hikes will come early in the new year. The Fed's rate-set... : Election Over, Eyes Turn to RatesExisting Home Sales Fall 0.4 Pct in Feb.
WASHINGTON (Reuters) - Sales of existing U.S. homes fell 0.4 percent in February, while home prices rose at double-digit rates, a trade association report showed on Wednesday. Sales of previously owned homes declined to a seasonally adjusted annual rate of 6.79 million units last month, the National Association of Realtors said. That figure includes both single-family homes and condominiums. Single-family ho... : Existing Home Sales Fall 0.4 Pct in Feb.Stocks Open Lower, Interest Rates Concern
NEW YORK (Reuters) - U.S. stocks opened lower on Wednesday, hurt by oil prices above $54 a barrel and a jump in bond yields to seven-month highs that sparked concerns of higher interest rates weighing on the economy and corporate profits. The Dow Jones industrial average was down 27.43 points, or 0.25 percent, at 10,885.19. The Standard & Poor's 500 Index was down 2.27 points, or 0.19 pe... : Stocks Open Lower, Interest Rates Concern
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