PODCAST: McDonald's gets the boot, housing starts hit a new roof

Wednesday, October 17, 2012 - 09:22 Joe Raedle/Getty Images After 20 years, McDonalds is being evicted from its location in the upscale Galleria Vittorio Emanuele in Milan. Nike said this morning it has severed its endorsement deal with Lance Armstrong. Armstrong also says he is stepping down as chair of the Livestrong cancer charity he founded. He says he doesn't want the doping allegations against him to distract from its mission. Markets are up in Europe after Moody's kept its credit rating for Spain right where it was . Spain has also been sending increasing signals it will ask for a bailout. A major Spanish index, the IBEX 35, ended the day up 2.3 percent. New construction on apartments and single family homes reached the highest point in September in more than four years . New mortgage applications for home purchases were lalso up last week. Bank of America reports an official quarterly profit of essentially "nothing-per-share." The bank got hammered by a legal settlement related to ...

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