Foreclosures drop for 2nd month in February: RealtyTrac (Reuters)

In this Feb. 28, 2010 photo, a realtor's sign proclaims a residential home sale in Sudbury, Mass. Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, March 11, 2010, weeks before a government program that has been keeping rates low is scheduled to expire.(AP Photo/Bill Sikes)Reuters – U.S. mortgage foreclosure filings dropped for a second straight month in February, and notched the smallest annual increase in four years as housing-rescue efforts contained activity, a report released on Thursday showed.

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Home loan demand nudges higher in latest week (Reuters)

In this Feb. 28, 2010 photo, a realtor's sign proclaims a residential home sale in Sudbury, Mass. Mortgage rates held below the 5 percent threshold for the second straight week, a report said Thursday, March 11, 2010, weeks before a government program that has been keeping rates low is scheduled to expire.(AP Photo/Bill Sikes)Reuters – U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.

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Consumer credit posts first rise in a year (Reuters)

Reuters – Total U.S. consumer credit rose $4.96 billion in January, its first rise in a year and the largest for any month since mid-2008, Federal Reserve data showed on Friday.

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Wall St rallies on jobs data, consumer credit (Reuters)

Traders work on the floor of the New York Stock Exchange, February 18, 2010. REUTERS/Brendan McDermidReuters – Stocks jumped and the Nasdaq hit an 18-month closing high on Friday as U.S. employers cut fewer jobs than expected last month and consumers showed signs of shedding their penny-pinching ways.

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Upper-income households report less distress (Reuters)

Reuters – Sentiment of U.S. households in the top fifth of the income distribution improved in early 2010 compared with 2009, but worries over personal finances persist, a survey showed on Friday.

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America: The Next Growth Economy (The Motley Fool)

The Motley Fool – Warren Buffett described Berkshire Hathaway’s (NYSE: BRK-A – News; NYSE:BRK-B – News) acquisition of Burlington National Railroad as a long-term bet on the American economy. In his book The Next Hundred Million: America in 2050, author Joel Kotkin presents data that supports Buffett’s thesis, arguing that despite its current economic woes, the U.S. will remain an economic powerhouse over the next four decades.

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UK’s Pru to buy AIG Asia unit for $35.5 billion (Reuters)

The logo of British life insurer Prudential is seen on their building, in London October 21, 2008. REUTERS/Stephen HirdReuters – Britain’s Prudential will buy American International Group’s Asian life insurance arm for $35.5 billion in the insurance sector’s biggest deal ever, helping the bailed-out U.S. group repay a big chunk of its taxpayer debt.

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Wall St gains on AIG deal (Reuters)

A trader works on the floor of the New York Stock Exchange February 25, 2010. REUTERS/Brendan McDermidReuters – U.S. stocks rose for a second straight day on Monday, boosted by AIG’s record-setting deal to sell a major Asian unit and on gains in semiconductor shares after SanDisk Corp raised its revenue forecast.

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AIG agrees to $35.5 billion unit sale to Prudential: sources (Reuters)

The logo of British life insurer Prudential is seen on their building, in London October 21, 2008. REUTERS/Stephen HirdReuters – American International Group Inc agreed to the sale of its Asian life insurance unit to Britain’s Prudential Plc for about $35.5 billion, in a deal that would help the U.S. government get back billions of its bailout money, sources familiar with the matter said on Sunday.

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AIG alters payback plan to Fed (Reuters)

Reuters – American International Group Inc has decided not to use securitized U.S. life insurance policies to repay the U.S. government after a $182.3 billion rescue, a source familiar with the matter said on Friday.

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