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Homebuyers rushed to take advantage of government incentives and record-low mortgage rates in April, giving the housing market its biggest boost in five months.

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Goldman Sachs faced rising regulatory and legal pressure on Monday as allegations that the bank duped clients fueled momentum for regulatory reform on both sides of the Atlantic. Goldman Sachs - Business - Financial services - Gordon Brown - Banking Services

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Two years of steep job cuts all but ended last month, unexpectedly pulling down the unemployment rate and raising hopes for a lasting economic recovery.