Industries News
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Stephen Stanley, chief economist at Pierpont Securities LLC, has derided the Federal Reserve for downplaying improvement in the U.S. economy. Yet his 2.6 percent forecast for growth this year is below the midpoint in the central bank’s projection of 2.4 percent to 2.9 percent.
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JPMorgan Chase & Co. suspended its daily stock repurchase program because the bank needs the money to meet international capital rules, not because of trading losses, Chief Executive Officer Jamie Dimon said.
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Google Inc. will donate space to Cornell University and the Technion-Israel Institute of Technology for an engineering school in New York City while the institutions’ Roosevelt Island campus is under development, Mayor Michael Bloomberg said.
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Credit Suisse Group AG plans to liquidate its 6 billion-euro ($7.6 billion) German property mutual fund after investors tried to withdraw more money than the fund has available.



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