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New-home sales rose slightly in July, prices fell (El Paso Times)
WASHINGTON—Sales of new homes rose in July, but still fell short of economists' expectations, and home prices continued to sink. The Commerce Department reported Tuesday that new-home sales rose by 2.4 percent last month to a seasonally adjusted annual rate of 515,000 units, the most since April.
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Galleries : A Family Affair At Old Sculpin : Rose Treat, Steve Lohman (The Martha's Vineyard Times)
Seaweed magician, Rose Treat, and her nephew, metal sculptor Steve Lohman, are sharing space at The Old Sculpin Gallery in Edgartown through August 30. Although the two artists work in entirely different mediums - Ms. Treat draws with seaweed, Mr. Lohman with wire - each one's art sheds light on the innovative ways line can express meaning.
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Oil rises to $117 on storm threat to U.S. output (Reuters via Yahoo! News)
Oil rose by more than $1 above $117 a barrel on Friday, as Tropical Storm Gustav was poised to enter the Gulf of Mexico, raising concerns about its impact on U.S. offshore oil and gas output.
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Maurel & Prom Loses $21.8 Million From Single Trader (Update1) (Bloomberg.com)
Aug. 29 (Bloomberg) -- Etablissements Maurel & Prom SA , a French oil explorer, reported a financial loss of 14.8 million euros ($21.8 million) in the first half from one employee's web of trades that may lead to a further shortfall of 21 million euros.
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Illinois' future is in Juice Williams' hands (Rockford Register Star)
Last year, Illinois was Rashard Mendenhall’s team. The soft-spoken tailback’s 1,681 yards was tops in the Big Ten, and the single biggest reason the Illini surprised the conference with a 9-4, second-place finish that landed them in the Rose Bowl.
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Oil rises 1 percent to $117 on storm fears (Reuters via Yahoo! News)
Oil rose more than $1 to $117 a barrel on Friday, as energy companies prepared for Tropical Storm Gustav to deliver what could be the hardest hit to the heart of U.S. offshore production since the devastating 2005 hurricane season.
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Maurel & Prom Loses $21.8 Million From Single Trader (Update2) (Bloomberg.com)
Aug. 29 (Bloomberg) -- Etablissements Maurel & Prom SA said unauthorized trading by an employee cost the French oil company 14.8 million euros ($21.8 million) in the foreign exchange market and could lead to losses of more than double that amount.
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Dollar Falls Against Euro on Speculation U.S. Spending Slowed (Bloomberg.com)
Aug. 29 (Bloomberg) -- The dollar fell against the euro, paring its biggest monthly gain since the debut of the European single currency in 1999, on speculation a U.S. government report will show growth in consumer spending slowed.
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Dollar Falls Versus Euro on Speculation U.S. Spending Slowed (Bloomberg.com)
Aug. 29 (Bloomberg) -- The dollar fell against the euro, paring its biggest monthly gain since Europe's single currency debuted in 1999, on speculation a U.S. government report will show growth in consumer spending slowed.
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New-home sales rose slightly in July, prices fell (The Times of Northwest Indiana)
WASHINGTON | Sales of new homes rose in July, but still fell short of economists' expectations, and home prices continued to sink.
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