Thursday, 19 September 2013

Click On Detroit's Midday Market Report

Business Headlines

NY Money Market
Emmanuel Tambakakis

Stocks pause after Fed-fueled record run

Investors seemed a bit hung over Thursday as stocks were little changed a day after the Federal Reserve's surprise decision to keep its stimulus in place lifted two key market indexes to all-time highs.

The Dow Jones industrial average dipped into the...

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JPMorgan 2
Emmanuel Tambakakis/CNN

JPMorgan fined $920 million in 'London Whale' trading loss

JPMorgan Chase agreed Thursday to pay about $920 million in fines to U.S. and U.K. regulators to settle charges related to the "London Whale" trading debacle.

With the penalty, the bank is acknowledging that it violated banking rules by not properly o...

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TaskRabbit
Courtesy TaskRabbit

Pay someone to wait in line for your new iPhone

Can't wait to get the new iPhone 5S or 5C, but can't stand the thought of camping out for days or waking up at dawn? Instead, you can pay someone to hold your place in line.

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Powerball tickets
Carlo Allegri/Reuters

South Carolina ticket wins Powerball

You were more likely to be struck by lightning or attacked by a shark -- maybe even at the same time -- than win Wednesday night's Powerball drawing.

But then again, you're not Mystery Ticket Holder in Lexington, South Carolina.

Millions played, hopin...

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For sale sign 2
CNN

Are we still heading toward 5% mortgages?

Prospective buyers who have been shying away from the housing market due to rising rates may have reason to start shopping again.

On Wednesday, the Federal Reserve surprised market watchers when it announced that it would not start tapering its purcha...

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Passengers in line at JFK Airport
Jessica Rinaldi / Reuters

Airlines rake in $27 billion in customer fees

Airlines hauled in a record $27.1 billion last year charging fliers for things like baggage, additional legroom and Wi-Fi access.

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Latest Video

Ben Bernanke at National Press Club
CNN/Jose Santos

Fed delays 'taper,' surprising markets

In a surprise move, the Federal Reserve decides not to taper off its bond-buying program.

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Walgreens changes health insurance

Employees at 8,000 Walgreens locations are on the forefront of a change in how Americans will receive health insurance coverage.

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Starbucks CEO Howard Schultz

Starbucks to customers: Don't bring your guns

Starbucks CEO Howard Schultz has a message for gun owners: Please don't bring your weapons into our shops.

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Extras

school, backpack
istock

Cost of 1st year of college

College is expensive, but just how much will it actually cost? Find out how much you can expect to spend during your first year of college.

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On Local 4 News

kevyn orr pic

Area leaders weigh in on Kevyn Orr's progress

Tonight at 11 p.m. - Now, six months into Kevyn Orr's 18 month term, see if city and county leaders think he's making the grade.

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