The stock market is opening lower after more disappointing news from blue-chip companies. Financial stability is an important issue for the Federal Reserve but the United States does not currently ... more 
The stock market is opening lower after more disappointing news from blue-chip companies. Financial stability is an important issue for the Federal Reserve but the United States does not currently face destructive asset bubbles on the scale of the 1990s technology stock shock or the more recent housing boom, says St. Louis Federal Reserve President James Bullard. Warren Buffett's Berkshire Hathaway. has sharply boosted its stake in General Motors, while again cutting its stakes in packaged food companies Kraft and Mondelez. The number of Americans filing new claims for jobless benefits fell to a near six-year low last week and consumer prices rose broadly in July, which could draw the Federal Reserve closer to trimming its massive bond buying program. less 
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Thu, Aug 15, 2013 10:50 AM EDT