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August 16, 2011 05:32 AM

Tuesday Morning Business Brief

Can Wall Street extend a winning streak past three sessions? We'll find out a day after the Dow added 214 points to settle at 11,483. The S&P was up 26, and the Nasdaq gained 47 points.
  • The Commerce Department today reports on July housing starts, following yesterday's unchanged August reading on builder sentiment from the National Association of Home Builders. Also, the Federal Reserve releases figures on July industrial production.
  • World Bank President Robert Zoellick says if European governments hope to restore confidence in the financial markets, they'll have to restructure their economies. He says the global economy has moved into a "danger zone" during the past few weeks.
  • Germany's economic growth, which had been strong despite debt problems in the eurozone, fell to 0.10 percent during the second quarter. The country's statistical agency blamed lagging consumer spending and construction investment.
  • TransUnion says the delinquency rate for credit card borrowers fell during the second quarter to the lowest level since 1994, even as average debt slightly increased. The delinquency rate was 0.60 percent. The average borrower owed just under $4,700.