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ING Agrees to Sell Stake in Capital One

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  • Description

    FBN's Liz MacDonald breaks down afternoon market news.

  • Duration 0:59
  • Date

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Okay.

I'm Elizabeth MacDonald would -- Fox Business -- The government bailed -- ING is.

Is selling its more than 9% stake -- Capital One.

For roughly three billion dollars the move by the -- financial services companies and help boost its capital ratios as it looks to repay the government bail out.

And fewer Americans applied for home mortgages last week.

According to the Mortgage Bankers Association.

Applications fell 2.5 percent from the prior week as the man for refinances.

Further and new home loans slipped.

Refinancing fell to their lowest levels Cincinnati and the United States has lost ground as a global economic power.

For a fourth straight year according -- survey from the World Economic Forum.

The US dropped two places to seventh as covenants of the country's politicians visited decline.

So Iceland ranked number one for the fourth theater here in a row and that's -- -- and Fox Business ever giving you the power prosper.

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