Latest Business News: Investors Wary of Rising Mortgage Rates Despite Strong Builder Confidence

An odd thing happened after data showed that the homebuilder confidence index rose to its highest level in almost eight years - housing stocks barely moved on the news. Wary of rising mortgage rates, investors are choosing to stay on the sidelines rather than celebrate indications of a firming economic recovery. Dell may delay a shareholder meeting on a $24.4 billion buyout offer from founder Michael Dell and private equity firm Silver Lake Partners, with the pivotal vote too close to call. Regulatory and banking sources said,Lloyds Banking Group was told in December 2011 that the Co-operative Bank did not have a "feasible and sustainable capital plan" to buy more than 600 branches from Lloyds
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