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No Foreclosure Problems
at Bank of America?

Bank of America 'No Foreclosure Problems'

After a 16-day review of its foreclosures, Bank of America says it found no problems with any of them, and now it's ready to resume processing the paperwork. But that's a claim so unbelievable it doesn't pass the straight-face test. Here's why.

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Market Update:
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    September's report by The Conference Board shows more signs of a U.S. economy that's growing at a crawl. The index rose 0.3% -- its third straight monthly rise. However that pace is too low to substantially lower unemployment.

    Jobless Claims Fall Marginally as Recovery Sputters Along

    New claims fell by 23,000 to 452,000 last week, but that's offset somewhat by the prior week's total being revised upward by 13,000. The numbers were a little better than expected, but still not enough to indicate a recovery gaining momentum.

    Dip in Mortgage Applications Reflects Foreclosure Crisis, Rising Interest Rates

    The Mortgage Bankers Association said they tumbled 10.5% last week, the biggest fall-off in four months. While the foreclosure crisis may be playing a role in the decline, rising interest rates are also partly to blame.

    A new documentary raises an interesting question: is excessive debt a new kind of slavery? DailyFinance talks to CNN's Soledad O'Brien, who examines the issue in the context of a black church in New Jersey that is aiming to free its members from debt.

    CEO dishonesty

    How can you tell if a CEO is lying? Stanford researchers have sifted through thousands of corporate conference-call transcripts to come up with some telltale signs that chief executives may be exaggerating their companies' prospects.

    AT&T

    AT&T; exceeded Wall Street's revenue expectations and hit its mark for earnings in the third quarter. The telecom said it activated 5.2 million iPhones during the period, the most in a quarter yet.

    BERJAYA

    The package delivery easily beat Wall Street estimates on higher revenue and margins. And investors will be paying close attention to the details since UPS's global footprint can offer insights into the health of the world economy.

    McDonalds

    The fast food giant recorded another healthy profit as sales growth continued across the globe. Investors were lovin' the news from McDonald's, sending shares up nearly 2% in premarket trading. Will the stock close at another all-time high?

    Tech stocks have been on a tear recently with shares of Apple and Google up more than 25% since the beginning of September and IBM hitting an all-time high. But are these stocks -- even after their run-ups - still buys? Here are the bull and bear cases.

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    C
    CITIGROUP INC
    4.07-0.04
    -0.97%
    436.83M
    BAC
    BANK OF AMERICA CORPORATION
    11.36-0.39
    -3.32%
    318.77M
    SPY
    SPDR Trust, Series 1
    118.13+0.26
    +0.22%
    221.55M
    NOK
    NOKIA CORP
    11.28+0.45
    +4.16%
    90.33M

    % Gainers

    CYD
    CHINA YUCHAI INTL LTD
    23.44 +2.42
    +11.51%
    1.23M
    PIR
    PIER 1 IMPORTS INC
    8.30 +0.78
    +10.37%
    6.04M
    MPG-A
    MPG OFFICE TR INC
    14.49 +1.34
    +10.19%
    234,017.00
    BTH
    BLYTH INC
    45.89 +4.02
    +9.60%
    121,253.00

    % Losers

    BORN
    CHINA NEW BORUN CORP
    14.05-4.75
    -25.27%
    4.51M
    HNI
    HNI CORP
    25.53-4.03
    -13.63%
    1.72M
    MPX
    MARINE PRODS CORP
    6.29-0.91
    -12.64%
    20,616.00
    FNF
    FIDELITY NATIONAL FINANCIAL
    12.98-1.76
    -11.94%
    15.08M

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