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Two spectacular ocean view lots for sale located in the Mar Vista Residential Com...

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    MSNBC.com: Business
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    • Existing home sales tumble 2.6 percent
      Sales of existing homes fell more sharply than expected in June as the housing industry continued to be bruised by the worst slump in more than two decades.

    • Jobless claims surge as companies retrench
      The number of newly laid off people filing claims for unemployment benefits bolted past 400,000 last week as companies trimmed their work forces to cope with a slowing economy.

    • Ford posts $8.67 billion loss, looks to small cars
      Ford Motor Co. said Thursday it lost $8.67 billion in the second quarter and will retool two more North American truck and sport utility vehicle plants to build small, fuel-efficient vehicles.

    • No sign yet of a bottom in home prices

      Workers build a new home in Palo Alto, Calif., recently. Home builder sentiment is at its lowest level since such surveys began 20 years ago.As millions of homeowners watch their home equity melt away, they are wondering: When will prices stop falling? The latest report on home sales was not encouraging.

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