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NEW YORK (AP) — U.S. stocks are rising in a continuation of their see-saw pattern of recent days. Chemical and mining companies are making the largest gains and energy companies are climbing with the price of oil. In early afternoon trading, the Dow was up about 75 points.
NEW YORK (AP) — Despite mixed reports on the health of the economy and a decline in corporate earnings, investors are taking a more relaxed view on risks. They are selling traditionally safe investments including utility stocks and government bonds.
UNDATED (A) — U.S. homebuilders are feeling more optimistic about the housing market this month, reflecting strong growth in new-home sales and prices. The National Association of Home Builders/Wells Fargo builder sentiment index rose two points to 60 following a downwardly revised reading of 58 in July. Readings above 50 indicate more builders view sales conditions as good rather than poor. The index has mostly held at 58 this year since rising to 61 in January.
BERLIN (AP) — Germany's central bank is arguing that the country's retirement age should ultimately be lifted to 69 — a call that received a frosty response from the government. The government decided a decade ago to raise the retirement age from 65 to 67. The increase is being introduced gradually and will apply to all retirees by 2029. A spokesman for Chancellor Angela Merkel says the government "stands by retirement at 67."
MOSCOW (AP) — A Russian region in Siberia is barring migrant workers from an array of jobs in what appears to be an effort to address unemployment during an economic downturn. The resolution issued today by the Novosibirsk governor bars migrants from working in schools or in the fishing, mining and timber industries. They also will no longer be able to work legally for companies that make baby food or as bus or taxi drivers, accountants, lawyers or secretaries.
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