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Housing Market Remains Under Pressure; AMR To File For Bankruptcy

 
 

Home prices in major U.S. metropolitan areas saw a modest decrease in September according to the S and P/Case Shiller home price index. Consumer confidence rebounded in October, coming off of September s plunge. In corporate news, American Airlines parent company, AMR, has filed for bankruptcy. Meanwhile, Facebook is reportedly gearing up to go public next year.

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