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What Strong Holiday Retail Means For US Economy

Black Friday sales surged to their highest level since 2007, and early results from Cyber Monday's online sales are up almost 20 percent over 2010. The U.S. economy and many consumers continue to struggle, however, and some forecasters worry that the encouraging retail boost is unsustainable.

Consumer Confidence Bounces Higher

The sharp rise may be a sign that consumers are growing less anxious about the economy. But the widely watched index is still well below boom-time levels.

Home Prices 'Drifted Lower' In Recent Months

The worst may be over for the housing market, but a "sustained recovery" is unlikely until the economy gains strength, according to the latest S&P/Case-Shiller Home Price Indices report.

American Airlines Files For Bankruptcy Protection

The parent company of one of the nation's largest airlines filed for Chapter 11 bankruptcy protection Tuesday morning. AMR Corporation, which runs American Airlines and American Eagle, said that bankruptcy is in the best interest of the companies and its stakeholders. The companies say the Chapter 11 process will enable them to continue conducting normal business operations while they restructure their debts.

American Airlines Files For Chapter 11 Bankruptcy Protection

Weighed down by losses, a weak economy and the ripple effects of Europe's financial crisis, the company is looking to reorganize. It says operations will continue as normal.

'Office' Fans Can Now Buy Dunder Mifflin Copy Paper

The long running NBC comedy series The Office is about a group of workers employed by fictitious paper company Dunder Mifflin. The Wall Street Journal reports that an office supply website called has struck a licensing agreement with NBC to sell copy paper using the fictitious brand name.

Demand For Denver Apartments Outstrips Supply

The housing crisis has stalled home building but apartment construction is undergoing a bit of a renaissance. There's now a huge pool of people forced to rent because they can't afford to buy a home, or they were a victim of foreclosure. In Denver, there aren't enough apartment vacancies.

Egyptian Stocks Open Higher On Election News

Peaceful voting in Egypt has given the country's stock market a boost. Cairo's market was closed on Monday when the landmark elections started. When trading opened Tuesday, the benchmark stock index surged more than 5 percent.