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Latest Business News: Charles Schwab Posts 7 Percent Fall in Net Profit

Wochit 0:38 mins

Online-broker Charles Schwab posted a 7 percent fall in quarterly profit as growth in net-new-assets slowed and expenses rose. The nation's biggest publicly traded home builders are on a buying spree, snapping up small privately held companies who made it through the housing slump but now are struggling to find financing. Goldman Sachs says its second-quarter profit doubled, boosted by a surge in stock and bond underwriting.

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