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More Articles from Advertising Information: MORE RESOURCES: Rising home prices and an improving economy will spark a modest rebound this year. But this time, lenders and homeowners will be more cautious Household wealth in the U.S. grew in the fourth quarter at a slower pace, limited by a drop in home values that indicates the recovery in consumer spending will take time to gain speed. Indexes alternated between gains and losses a day after the S&P 500 closed at a 17-month high, as a drop in consumer confidence snuffed out early gains Sales at U.S. retailers unexpectedly climbed in February as shoppers braved blizzards to get to the malls, signaling consumers will contribute more to economic growth. Confidence among U.S. consumers unexpectedly declined for a second month in March, a sign Americans are discouraged about the labor market. Shares of the following companies are having unusual moves in U.S. trading. Stock symbols are in parentheses. Prices are as of 10:10 a.m. in New York. Lehman used off-balance-sheet transactions to understate its leverage in late 2007 and 2008, deceiving shareholders about its ability to withstand losses, a bankruptcy examiner’s report said JPMorgan Chase & Co. and Citigroup Inc. helped cause the failure of Lehman Brothers Holdings Inc. by demanding more collateral and changing guarantee agreements, according to a court-ordered report on the biggest bankruptcy in U.S. history. Raj Rajaratnam and Danielle Chiesi, co-defendants in the biggest hedge-fund insider-trading case, asked a federal judge to allow them to be tried separately. Federal Reserve Bank of San Francisco President Janet Yellen is President Barack Obama’s pick for vice chairman of the central bank in Washington, three people with knowledge of the selection process said. American International Group Inc. was unprepared for the financial crisis that forced the insurer to accept a $182.3 billion bailout from the U.S. government, the company’s former general counsel said. The Obama administration’s foreclosure prevention program shed 24 percent of the almost 1.1 million borrowers who arranged trial loan modifications through February, the Treasury Department reported. What Wall Street economists and strategists had to say about key developments on Mar. 12 Wall Street analyst opinions on stocks making headlines in Friday's market What Wall Street economists and strategists had to say about key developments on Mar. 11 Individual investors have largely stayed on the sidelines of the current rally. What will lure them back? What Wall Street economists and strategists had to say about key developments on Mar. 10 Wall Street analyst opinions on stocks making headlines in Wednesday's market |
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