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Wednesday, February 15, 2012

Personal Finance Daily: Say goodbye to the outdoor kitchen

MarketWatch
Personal Finance Daily
FEBRUARY 15, 2012

Wednesday's Personal Finance Stories

By MarketWatch



Don't miss these top stories:

Do you have a a two-story family room? How about an outdoor kitchen? Neither do I. It turns out fewer home buyers are likely to find those features in new homes hitting the market this year.

Check out our slide show on 10 home features that used to be all the rage but are now on the wane.

Also, don't miss Jennifer Openshaw's column on new bank fees to watch for in 2012.

Andrea Coombes , Personal Finance editor

Kiss these 10 once-popular home features goodbye

The 500,000 or so new single-family homes expected to be built this year are going to include more practical and value-conscious features and less wish-list items. Check out the least-likely features that builders will include in their 2012 homes.
Kiss these 10 once-popular home features goodbye (slide show).


New bank fees to watch for in 2012

If you thought 2011 was bad in terms of new bank fees, you should steel yourself for the changes coming this year.
New bank fees to watch for in 2012.


ECONOMY & POLITICS

Boehner sees payroll-tax vote 'this week'

The top House Republican expects the lower chamber of Congress to vote shortly on extending a payroll-tax cut through the end of 2012.
Boehner sees payroll-tax vote 'this week.'


Republicans: CFPB's funding 'recipe for disaster'

GOP lawmakers take issue with a new consumer watchdog bureau's budget, arguing that it is unaccountable and a "recipe for disaster" because it is funded without the control of congressional appropriations.
Republicans: CFPB's funding 'recipe for disaster.'


February builder sentiment rises for fifth month

Home-builder confidence in the market for new single-family homes climbs in February for the fifth straight month to reach the highest level in more than four years.
February builder sentiment rises for fifth month.


Manufacturers boost production in January

It's a flat January for industrial production, but December's increase is revised much higher. The Federal Reserve's latest data indicate manufacturing continues a moderate pace of expansion.
Manufacturers boost production in January.


New York factory activity improves in February

The New York Fed's Empire State index rose to 19.5 in February, its highest level since June 2010. Economists said manufacturing enters 2012 in solid shape.
New York factory activity improves in February.


Excerpts from Fed minutes

The following are excerpts from the Jan. 24 to 25 meeting of the Federal Open Market Committee that were released Wednesday:
Excerpts from Fed minutes.


Xi seeks 'mutual respect' between China, U.S.

The man expected to be China's next leader pressed the United States on Wednesday for a relationship based on "mutual respect and mutual benefit," wrapping up a visit to Washington that included meetings with President Barack Obama and Vice President Joe Biden.
Xi seeks 'mutual respect' between China, U.S.


Euro-zone GDP shrinks, cushioned by France

The euro-zone economy shrinks 0.3% in the final quarter of 2011, but deepening recessions on the periphery are partly offset by a resilient France, while Germany shrinks less than expected as economists see the region potentially dodging a deep recession.
Euro-zone GDP shrinks, cushioned by France.


Greece struggles to meet EU demands

Greek politicians rush to meet demands from European partners ahead of a conference call of euro-zone finance ministers in a long-pending bid to secure a financial bailout.
Greece struggles to meet EU demands.


INVESTING

Invest in the European countries with low debt

There are plenty of good places to invest in Europe right now — you just need to hunt for countries with low debt levels, says columnist Matthew Lynn.
Invest in the European countries with low debt.


Pringles finds a home

The game of hot potato has ended: It's Kellogg Co. (K) that's going to buy Pringles — a deal that should prove satisfying for all parties.
Pringles finds a home.


Residential real estate not rebounding

Sound Advice charges ahead, despite its misgivings about real estate.
Residential real estate not rebounding.


Former Sun Micro CEO's next act

Jonathan Schwartz, the former chief of Sun Microsystems, has a new start-up to help those taking care of sick or elderly family members. CareZone combines positive aspects of social media, but without its privacy pitfalls.
Former Sun Micro CEO's next act.


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