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MasterCard 4Q net income rebounds after year-earlier quarter marked by one-time legal charge

MasterCard's net income rebounded strongly in the fourth quarter as its overseas business continued to expand, the company said Thursday.
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Citigroup fourth quarter earnings miss Wall Street estimates as legal expenses rise

Citigroup fourth quarter earnings miss Wall Street estimates as legal expenses rise

Citigroup's fourth quarter earnings fell short of Wall Street's expectations as the bank's legal expenses rose and it released less money from its loan-loss reserves.
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New federal mortgage rules aim to reduce risky lending, ensure that borrowers can afford loans

WASHINGTON - Federal regulators for the first time are laying out rules aimed at ensuring that mortgage borrowers can afford to repay the loans they take out.
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Survey: US service firms grow in December in 10 months, reflecting surge in new orders

WASHINGTON - A gauge of U.S. service firms' activity expanded in December by the most in nearly a year, driven by a jump in new orders and hiring.
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With storms and 'fiscal cliff' worry, US holiday shopping up just 0.7 pct, weakest since 2008

With storms and 'fiscal cliff' worry, US holiday shopping up just 0.7 pct, weakest since 2008

WASHINGTON - U.S. holiday retail sales this year grew at the weakest pace since 2008, when the nation was in a deep recession. In 2012, the shopping season was disrupted by bad weather and consumers' rising uncertainty about the economy.
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