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The S&P 500 market index has suffered its longest losing steak since February 2009 as investors fret about the economy.

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JPMorgan Chase & Co. is looking to add between 500 and 1,000 mortgage-servicing jobs in Ohio. The staff expansion will help the company deal with issues brought up in a recent settlement between the biggest mortgage servicers and federal regulators. But the jobs aren’t expected to last more than a couple years.

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A program created by the health overhaul helps companies pay for workers who retire early and aren’t yet eligible for Medicare

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With Barnes & Noble piling money into its Nook reader to compete with the Kindle and iPad, private equity is backing away

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Emerging-market stocks fell for the first time in three days after JPMorgan Chase & Co. reduced its outlook for equity gains and as protests in Bahrain escalated.

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As tax season begins, the hard-pressed filing service has a new strategy: Give it away for free

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Wells Fargo & Co. will pay $100 million to Citigroup Inc. to resolve all claims in a dispute over Wells Fargo’s acquisition of Wachovia Corp., the banks said in a joint statement. The settlement is far less than the more than $60 billion in damages Citi initially sought when it accused Wells Fargo of interfering in its deal to purchase Wachovia. Citi had agreed to acquire Wachovia in September 2008 for $1 per share, but Wells Fargo swooped in with a rival offer of $7 a share that required no loss-sharing agreement with the government.

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The Senate Committee on Banking, Housing & Urban Affairs held a hearing on servicer practices. The hearing was entitled Problems in Mortgage Servicing From Modification to Foreclosure . In addition to Chase Home Lending CEO David Lowman, Bank of America Home Loans President Barbara Desoer and Mortgage Electronic Registration Systems Inc. President and CEO R.K. Arnold were among the witnesses to testify.

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Mortgage lenders are ranked based both on how many new loans they originate and how many loans they service. By those measures, the biggest originator of home loans during the third quarters was Wells Fargo & Co. The biggest mortgage servicer, meanwhile, was Bank of America Corp.

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A spokesman for JPMorgan Chase & Co. said that the bank’s Chase unit is stopping some foreclosures. He explained that the move was being made to review how employees in its mortgage-foreclosure operations sign affidavits about loan documents. In some cases, employees “may have signed affidavits about loan documents on the basis of file reviews done by other personnel — without the signer personally having reviewed those loan files,” the spokesman explained.

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