7:11am: Bank of America posts second-quarter profit of $3.2 billion, or 33 cents a share, topping estimates. But CEO Ken Lewis warns of continued weakness. MoreWashington to CIT: Drop dead
Fortune's Colin Barr says the government thinks the economy is strong enough to deal with a potential CIT failure.
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Yes, strong local economies still exist. These small towns have 'em - plus great schools, affordable homes, low crime, and much more. More
The lender appears headed for bankruptcy, but it's unclear how that will affect borrowers such as Eddie Bauer and other small businesses. more
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Overnight avgs
| 30 yr fixed mtg | 5.42% |
| 15 yr fixed mtg | 4.90% |
| 30 yr fixed jumbo mtg | 6.44% |
| 5/1 ARM | 4.51% |
| 5/1 jumbo ARM | 5.25% |
California based-Hawkes Ocean Technology unveils its new Super Falcon, a two-person winged submersible. Play
JPMorgan Chase joins Goldman Sachs in raking in a bigger-than-expected second-quarter profit. Play
Two West Point grads seek tips on making their baby bedding company more appealing to mom-to-be. Play
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