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>> THE NEW YORK TIMES Latest News

NOV 20, 2013 - TheStreet

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Bank of New York Mellon Rises on Mixed Day for Bank Stocks

NEW YORK (TheStreet) -- Bank of New York Mellon was the leader among large-cap U.S. bank stocks on Wednesday, with shares rising over 1% to close at $33.32. The broad indices all ended lower, after the Department of Commerce said October retail sales rose 0.4% from September and were up 3.9% from October 2012. This was the largest sequential increase in consumer spending in four months. The consensus among economists polled by Thomson Reuters was for consumer spending during October to be unchanged from September. A sharp decline in gasoline prices helped push the U.S. Consumer Price ... Read More

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