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MSNBC.com: Business
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Kodak settles race-based lawsuit
Posted: September 3rd, 2010, 3:32pm MDT
A federal judge has approved Eastman Kodak's $21.4 million offer to settle class-action lawsuits by black employees who maintained white counterparts were favored for pay and promotion.
Eastman Kodak - Class action - Settlement offer - Law - Legal Information
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Continental recalling furloughed pilots
Posted: September 3rd, 2010, 3:23pm MDT
Continental Airlines Inc. is recalling 132 pilots who were furloughed in 2008, saying it needs them to offset retirements and handle an increase in international flying.
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Funk band War tells Pepsi they're not friends
Posted: September 2nd, 2010, 4:10pm MDT
Members of the band War say they can't be friends with Pepsi. The band is suing for more than $10 million, saying it did not negotiate with them to use the song "Why Can't We Be Friends" in a commercial.
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ABM Industries to pay $5.8 million settlement
Posted: September 2nd, 2010, 1:51pm MDT
A large building-maintenance company will pay $5.8 million to settle a sexual harassment lawsuit brought by the government involving 21 Hispanic female workers.
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Bidding for 3Par heats up; HP tops Dell bid
Posted: September 2nd, 2010, 8:22am MDT
Dell walked away from a bidding contest with rival Hewlett-Packard for data-storage maker 3Par. Dell said it won't match HP's offer to pay $33 per share for 3Par.
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Ex-CEO: U.S. saved other firms, but not Lehman
Posted: September 1st, 2010, 12:57pm MDT
The former chief of Lehman Brothers told a panel investigating the financial crisis that the Wall Street firm could have been rescued, but regulators' refused to helps.
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Burger King may be mulling possible sale
Posted: September 1st, 2010, 7:03am MDT
Burger King Holdings Inc., America's perennially No. 2 hamburger chain, said that it is selling itself to little-known private equity firm 3G Capital in a deal valued at $3.26 billion.
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CEOs lay off thousands, rake in millions
Posted: September 1st, 2010, 5:29am MDT
CEOs of the 50 firms that have laid off the most workers since the onset of the economic crisis in 2008 took home 42 percent more pay in 2009 than their peers, a new report finds.
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Facebook CEO: Keep private life out of lawsuit
Posted: August 31st, 2010, 12:08pm MDT
Facebook Chief Executive Mark Zuckerberg says a lawsuit by a man who claims to own a huge chunk of the social networking site is seeking to uncover needless details about his private life.
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HP's ex-CEO Hurd to leave News Corp board
Posted: August 31st, 2010, 11:43am MDT
Mark Hurd, who was ousted as CEO of Hewlett Packard Co. following allegations of sexual harassment, will not run for re-election to News Corp.'s board of directors.
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Big banks' profits rise, but more banks at risk
Posted: August 31st, 2010, 10:36am MDT
A mixed picture of U.S. banks emerged as the industry posted its highest quarterly earnings in nearly three years while the number of troubled institutions grew by more than 50.
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Sponsored By:
Posted: August 31st, 2010, 10:36am MDT
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Red Tape: When your bank is out to kill you
Posted: August 31st, 2010, 5:42am MDT
Judy Rivers went to the bank with a simple request last April: She wanted to open a safe deposit box. The response, while equally simple, was a complete surprise. The bank turned her down. Why? She was dead. And she couldn't get anyone to believe otherwise. So began a mysterious red tape journey that she says has led to multiple denials of credit, extreme difficulty in accessing her own money, and at one point, a confrontation with police that nearly landed her in jail.
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Google, AP reach new deal on licensing rights
Posted: August 30th, 2010, 11:05am MDT
Google Inc. has retained the right to publish content from The Associated Press under a new licensing deal that thaws the sometimes-frosty relationship between the two companies.
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3M to acquire Cogent for about $933 million
Posted: August 30th, 2010, 6:12am MDT
3M Co., which makes products ranging from Post-Its to respirators, computer arms, and films for LCD TV screens, said Monday it has agreed to acquire Cogent Inc. in a deal worth about $943 million.
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Potential consumer bureau chief is polarizing
Posted: August 29th, 2010, 2:20pm MDT
Elizabeth Warren is folksy and plain-spoken and favors cardigans over Washington power suits. Many on Wall Street view her as their worst nightmare but she is a hero to liberal activists and consumer groups.
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Huge verdict shakes up nursing home industry
Posted: August 29th, 2010, 1:23pm MDT
During Cindy Cool's almost daily visits to the nursing home, she would routinely find her Alzheimer's-suffering father wearing urine-soaked clothes.
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Billionaire Thomas Kaplan is gold’s evangelist
Posted: August 29th, 2010, 11:29am MDT
With gold a fashionable hedge against turbulent times, one billionaire is doing everything he can to get his hands on the actual stuff.
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BofA online banking down for 4 hours
Posted: August 27th, 2010, 4:19pm MDT
Bank of America Corp. says its online banking service was down for about four hours but service has been restored.
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DOJ clears UAL-Continental merger
Posted: August 27th, 2010, 4:10pm MDT
The Justice Department says it has closed its investigation into the proposed merger of UAL Corp. and Continental Airlines Inc.
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Iowa OK'd egg farm tied to 'habitual violator'
Posted: August 27th, 2010, 1:44pm MDT
The owner of an egg farm at the center of a massive salmonella recall was able to expand his egg empire despite being branded a 'habitual violator' of Iowa's environmental laws.
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Paul Allen sues Apple, Google over patents
Posted: August 27th, 2010, 1:09pm MDT
Billionaire tech investor Paul Allen sued nearly every major tech company today including Apple and Google, on the grounds that they violated e-commerce and social network patents held by a company he invested in heavily during the late 1990s, according to the Wall Street Journal.
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3Par accepts Dell's $1.8 billion buyout offer
Posted: August 27th, 2010, 5:55am MDT
The bidding war between Hewlett-Packard and Dell over a little-known data storage provider rose to high heat on Friday.
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Boeing delays first 787 delivery
Posted: August 26th, 2010, 11:58pm MDT
The Boeing Co. said Friday that it would push the expected delivery of its first 787 Dreamliner to the middle of the first quarter of 2011.
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USA Today shaking up staff in 'radical' overhaul
Posted: August 26th, 2010, 9:55pm MDT
USA Today, the nation's second largest newspaper, is making the most dramatic overhaul of its staff in its 28-year history as it de-emphasizes its print edition and ramps up its effort to reach more readers and advertisers on mobile devices.
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Oil spill causes boom and bust in the Gulf
Posted: August 26th, 2010, 3:07pm MDT
The Gulf oil spill is a bonanza for some and a bust for others.
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Discover to sponsor Orange Bowl for 4 years
Posted: August 26th, 2010, 10:38am MDT
Discover Financial Services said it will be the new sponsor of the Orange Bowl from 2011 to 2014, ending Fedex Corp.'s longstanding sponsorship of the college football game.
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Sponsored By:
Posted: August 26th, 2010, 10:38am MDT
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Judge allows Hooters waitress weight lawsuit
Posted: August 25th, 2010, 4:34pm MDT
A Michigan judge has given the go-ahead to lawsuits by two ex-Hooters waitresses who say they were fired because of their weight.
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Dell to challenge HP with new 3PAR bid
Posted: August 25th, 2010, 1:16pm MDT
Dell Inc raised its bid for data storage company 3PAR Inc to $1.6 billion, offering a slightly higher price than rival bidder Hewlett-Packard Co in a tech industry bidding war.
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Wal-Mart Stores appeals sex discrimination case
Posted: August 25th, 2010, 12:21pm MDT
The world's largest retailer has asked the Supreme Court to halt a mammoth sex-discrimination case brought by its women workers, according to a Wednesday court filing.
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Judge allows Hooters waitress weight lawsuit
Posted: August 25th, 2010, 11:29am MDT
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SEC makes proxy ballot access easier
Posted: August 25th, 2010, 9:47am MDT
The Securities and Exchange Commission on Wednesday approved changes that make it easier for shareholders to nominate directors of public companies.
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SEC: Ex-Countrywide chief approved special loans
Posted: August 24th, 2010, 2:18pm MDT
Federal regulators say former Countrywide CEO Angelo Mozilo personally approved mortgages for favored borrowers that violated the company's policies and lending standards.
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Man pleads guilty in Disney insider trading case
Posted: August 23rd, 2010, 12:53pm MDT
A man accused with his girlfriend of operating a "brazen" insider trading scheme involving Walt Disney stock pleaded guilty to conspiracy and fraud charges on Monday.
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A chance to pick a piece of Lady Liberty’s nose
Posted: August 23rd, 2010, 12:40pm MDT
A copper casting of the tip of the Statue of Liberty's nose is among a collection of iconic items that will be auctioned off next month in New York City.
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AIG will repay nearly $4 billion to government
Posted: August 23rd, 2010, 7:48am MDT
In its single biggest repayment of bailout loans so far, AIG Inc. said Monday it is paying back nearly $4 billion in taxpayer aid with proceeds from a recent debt sale.
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HP makes $1.5B bid for 3Par, tops Dell's offer
Posted: August 23rd, 2010, 7:02am MDT
Hewlett-Packard Co. is bidding $1.5 billion for data storage provider 3Par Inc., offering 33 percent more than what rival Dell Inc. agreed to pay for the company just a week earlier.
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Compensation czar takes charge of $20 billion BP fund
Posted: August 23rd, 2010, 6:25am MDT
A $20 billion compensation fund for economic victims of the BP Gulf oil spill opens for business on Monday amid accusations that the rules established by its administrator are unfair.
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Who is watching reclusive heiress' millions?
Posted: August 20th, 2010, 10:04am MDT
Who is watching Huguette Clark's millions? Does Huguette Clark, the reclusive heiress, know that her Stradivarius violin was sold? Does she know that the IRS was after her for unpaid income taxes? Does she know that her accountant has a felony conviction? Does she know that her accountant and her attorney ended up owning an apartment signed over to them by an elderly client? Msnbc.com's Bill Dedman reports.
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Return bottles aren't history yet at Pa. brewery
Posted: August 20th, 2010, 8:52am MDT
For years, it was the way breweries did business: sell bottles, then take back the empties. It just made sense, especially to folks weaned in the lean days of the Great Depression.
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Sponsored By:
Posted: August 20th, 2010, 8:52am MDT
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UPS bringing 70 sidelined pilots back to work
Posted: August 20th, 2010, 7:26am MDT
UPS Inc. is reducing the number of its planned pilot furloughs to about 230 from 300 because of its improving financial condition.
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MSNBC rejects ad calling for boycott of Target
Posted: August 19th, 2010, 10:57am MDT
MSNBC says it has rejected a TV ad calling for a boycott of Target Corp. over a political donation in Minnesota.
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At 104, mysterious heiress is alone now
Posted: August 19th, 2010, 5:13am MDT
Huguette Clark was already a mystery. Now there are new glimpses into the life of the reclusive heiress.
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Survey: Big employers expect 2011 health cost hike
Posted: August 18th, 2010, 9:36am MDT
Large employers expect their health care benefit costs to rise 8.9 percent next year, and more will ask their employees to make a bigger contribution, according to a survey from the National Business Group on Health.
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Accuser in HP case claimed work was cut
Posted: August 18th, 2010, 6:36am MDT
The woman whose sexual harassment allegations led to the ouster of former HP CEO Mark Hurd claimed her work with the company dried up because she rebuffed Hurd's advances.
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BC-US--HP-CEO Resigns, US
Posted: August 17th, 2010, 9:19pm MDT
The woman whose sexual harassment allegations led to the ouster of former Hewlett-Packard Co. CEO Mark Hurd claimed her work with the company dried up because she rebuffed Hurd's advances, a person close to the investigation told The Associated Press.
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Reynolds Group puts up $4.4B for Hefty bag maker
Posted: August 17th, 2010, 10:09am MDT
Reynolds Group, part of the global packaging business owned by New Zealand's richest man, said Tuesday it will pay about $4.4 billion for Hefty bag maker Pactiv.
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AOL to launch 500 more local sites this year
Posted: August 17th, 2010, 9:44am MDT
AOL is gearing up to launch an additional 500 websites under the Patch umbrella this year, part of a broader effort to remake itself as a destination for users seeking maps, reviews, and other local content.
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AOL to launch 500 more local sites this year
Posted: August 17th, 2010, 8:41am MDT
AOL is gearing up to launch an additional 500 websites under the Patch umbrella this year, part of a broader effort to remake itself as a destination for users seeking maps, reviews, and other local content.
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Backlash building against college rankings
Posted: August 17th, 2010, 5:46am MDT
A backlash is building against the growing crowd of college rankings. According to critics, the lists are misleading and unhelpful – and some fail to focus on a pressing issue: value.
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Dell paying $1.13 billion for storage company 3PAR
Posted: August 16th, 2010, 7:22am MDT
Dell Inc. said Monday it is buying 3Par Inc., a maker of enterprise data storage equipment, for about $1.13 billion cash.
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New HP CEO will face challenges right away
Posted: August 15th, 2010, 10:36am MDT
The top job at Hewlett-Packard Co offers a singular opportunity at the helm of a powerful Silicon Valley icon — but comes with daunting challenges and high expectations.
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Apple manager indicted on kickback charges
Posted: August 14th, 2010, 3:00pm MDT
A manager at Apple Inc. has been indicted by a federal grand jury in an alleged kickback scheme involving suppliers of iPhone and iPod accessories.
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Sponsored By:
Posted: August 14th, 2010, 3:00pm MDT
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Apple spy indicted on kickback charges
Posted: August 14th, 2010, 3:00pm MDT
A manager at Apple Inc. has been indicted by a federal grand jury in an alleged kickback scheme involving suppliers of iPhone and iPod accessories.
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Judge bans planting of genetically engineered beets
Posted: August 13th, 2010, 7:24pm MDT
A federal judge on Friday banned the planting of genetically modified sugar beets engineered by Monsanto Co in a ruling that marks a major setback for the biotech giant.
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Shareholders sue HP over Hurd's exit
Posted: August 13th, 2010, 2:01pm MDT
Shareholders of Hewlett-Packard Co. have filed a "derivative lawsuit" against the technology company and its board over former CEO Mark Hurd's abrupt resignation last week.
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NYC lays off nearly 200 subway workers
Posted: August 13th, 2010, 12:01pm MDT
Nearly 200 New York City subway workers whose jobs were in limbo for months are handing in their badges and uniforms for good.
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Blackstone taking Dynegy private for $542.7M
Posted: August 13th, 2010, 9:07am MDT
Asset manager Blackstone Group said Friday it is paying $542.7 million to take Dynegy Inc. private in a three-way deal that will see Dynegy also sell four power plants to NRG Energy Inc.
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Liberal groups push to exploit Target backlash
Posted: August 13th, 2010, 8:32am MDT
Protesters have been rallying outside Target stores almost daily since the retailer angered gay rights supporters by giving money to help a Republican gubernatorial candidate in Minnesota.
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Oracle sues Google for patent infringement
Posted: August 12th, 2010, 6:18pm MDT
Oracle Corp. said Thursday it has filed a patent and copyright-infringement lawsuit against Google Inc.
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Caterpillar to build new plant in Texas
Posted: August 12th, 2010, 3:35pm MDT
Caterpillar, the world's largest maker of construction and other heavy machinery, said it will build a manufacturing facility in Victoria, Texas, that will employ more than 500 workers.
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Money fair shows off $100K bills, rare coins
Posted: August 12th, 2010, 2:27pm MDT
In an economic downturn, it might be tough to get your head around this: rare sheets of $100,000 bills, fabulous gold treasures and rare coins.
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Cisco CEO stokes fears of ‘downturn 2.0’
Posted: August 12th, 2010, 1:43pm MDT
Cisco Systems Inc CEO John Chambers' comments on the economy sent jitters through financial markets on Thursday.
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BP agrees to pay $50M for Texas refinery penalties
Posted: August 12th, 2010, 1:26pm MDT
Beleaguered oil giant BP has agreed to pay a record $50.6 million fine for failing to correct safety hazards at its Texas City oil refinery after a 2005 explosion killed 15 workers.
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Are you lonesome tonight? Elvis is up for sale
Posted: August 12th, 2010, 12:24pm MDT
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P&G plans eco-friendly packages for beauty products
Posted: August 12th, 2010, 9:21am MDT
Procter & Gamble Co is planning to use eco-friendly sugarcane-derived plastic to package select beauty products under its Pantene Pro-V, Covergirl and Max Factor labels.
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Forget golf, 'train wreck' Tiger is a selling point
Posted: August 11th, 2010, 4:01pm MDT
The angst Tiger Woods displayed last weekend at the Bridgestone Invitational may be nothing compared to the unease sweeping over network executives and his sponsors.
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Ditching the cell phone can be a power move
Posted: August 11th, 2010, 5:51am MDT
Refusing to own a cell phone isn't just the act of a Luddite. It's a pretty serious power move.
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Court allows Verizon to fix $1.67 billion 'oops!'
Posted: August 10th, 2010, 3:48pm MDT
An appeals court on Tuesday allowed Verizon to correct an in-house lawyer's drafting error in a pension plan that could have cost the second-largest U.S. phone company $1.67 billion.
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Sponsored By:
Posted: August 10th, 2010, 3:48pm MDT
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Tiger's latest risk to sponsorships: His game
Posted: August 10th, 2010, 11:09am MDT
Tiger Woods' sponsors can afford to be patient despite the worst performance of the star golfer's career, but his wallet will feel the pain if he cannot recapture his dominance.
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Oracle’s Ellison blasts HP board for Hurd’s exit
Posted: August 10th, 2010, 6:05am MDT
Oracle Chief Executive Larry Ellison blasted Hewlett-Packard on Monday for forcing CEO Mark Hurd to resign.
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Thousands in Gulf wait for ruling on claims
Posted: August 9th, 2010, 4:39pm MDT
Wedding planner Sheryl Lindsay's wedding business is on the brink, crumbling with each cancellation over concerns about oil.
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Making a profit on soldiers' death benefits
Posted: August 9th, 2010, 3:54pm MDT
Insurance companies are coming under fire for holding back billions of dollars in death benefits and paying only a modest interest to beneficiaries.
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Business community cools to Obama's policies
Posted: August 9th, 2010, 1:08pm MDT
Labeled antibusiness by Republicans and some corporate chiefs, President Obama mounted a campaign to show he was nothing of the sort. His charm offensive has hit a rocky patch.
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HP to signal direction with choice of chief
Posted: August 9th, 2010, 11:43am MDT
Will Hewlett-Packard Co's most important competitor in the next decade be Apple Inc, Cisco Systems Inc or IBM? Look to its choice of CEO for the answer.
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Simmons, energy investment banker, dies in Maine
Posted: August 9th, 2010, 11:24am MDT
Matthew Simmons, an energy investment banker who espoused the peak oil theory and became an advocate for alternative energy, has died at his North Haven island home, officials said Monday. He was 67.
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Bank in Waters case was weakest to get help
Posted: August 9th, 2010, 8:14am MDT
The bank at the center of a House ethics investigation of U.S. Rep. Maxine Waters was the weakest to get funds from the government's Troubled Asset Relief Program, an analysis has found.
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BofA estimates lawsuits could cost up to $1.4B
Posted: August 8th, 2010, 1:40pm MDT
Bank of America projects losses from pending litigation could be as high as $1.4 billion, the company disclosed in its second-quarter report filed Friday with securities regulators.
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The wisdom and folly of the Bush tax cuts
Posted: August 8th, 2010, 10:49am MDT
The Bush tax cuts of 2001 and 2003 embodied both wisdom and folly. Washington lowered taxes while raising spending—an unsustainable combination in the long run.
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Sources: Ex-HP CEO Hurd settles with contractor
Posted: August 7th, 2010, 10:32pm MDT
The woman at the center of the sexual harassment claim that forced the resignation of Mark Hurd revealed her identity and said she is "surprised and saddened" Hurd lost his job.
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Disgraced HP CEO to get nearly $28m in cash, stock
Posted: August 6th, 2010, 10:57pm MDT
Lauded for making Hewlett-Packard Co. the world's biggest technology company, CEO Mark Hurd was in talks for a new contract worth about $100 million, according to a person familiar with the negotiations.
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U.S. dominates list of most valuable brands
Posted: August 6th, 2010, 4:36pm MDT
Tech brands dominated Forbes's most valuable brands list, with 30 percent of the top 50 brands. Financial service, food and beverage brands also did well. U.S. brands dominated the list.
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Hewlett-Packard CEO Mark Hurd steps down
Posted: August 6th, 2010, 2:21pm MDT
Hewlett-Packard CEO Mark Hurd resigned after an investigation found that he filed false expense reports to cover up a "close personal relationship" with a marketing consultant.
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Tobacco companies settle bribery charges
Posted: August 6th, 2010, 1:27pm MDT
Two American tobacco companies are paying nearly $30 million to settle charges that they bribed foreign officials to get lucrative overseas tobacco sales contracts.
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Sponsored By:
Posted: August 6th, 2010, 1:27pm MDT
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AIG begins to discuss U.S. government exit
Posted: August 6th, 2010, 8:00am MDT
By Paritosh Bansal
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To seal or sell? BP has options on remaining oil
Posted: August 5th, 2010, 5:03pm MDT
The vast oil reservoir beneath BP's blown-out well could still be worth billions of dollars even after it spewed crude into the Gulf of Mexico for more than three months — but the multinational company blamed for causing the disaster isn't saying whether it plans to cash in on this potential windfall.
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Ad recovery boosts revenue for broadcast, cable
Posted: August 5th, 2010, 2:46pm MDT
Americans may be fond of the Web, but they are still in love with their TV sets — and so are the advertisers who want to reach them.
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Postal Service slides deeper into the red
Posted: August 5th, 2010, 8:57am MDT
The Postal Service was $3.5 billion in the red for the April through June period. That's over $1 billion more than the post office lost in the same period a year ago.
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Reports: Verizon, Google reach Net traffic deal
Posted: August 5th, 2010, 5:17am MDT
Verizon Communications Inc and Google Inc agreed to a deal over how Internet traffic will be treated, two people familiar with the agreement said Wednesday.
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Reports: Verizon, Google agree to pay tiers for Web use
Posted: August 5th, 2010, 5:17am MDT
Verizon Communications Inc and Google Inc agreed to a deal over how Internet traffic will be treated, two people familiar with the agreement said Wednesday.
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NYT: Google, Verizon near deal on pay tiers for Web
Posted: August 5th, 2010, 5:17am MDT
Verizon Communications Inc and Google Inc agreed to a deal over how Internet traffic will be treated, two people familiar with the agreement said Wednesday.
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Woman’s stripper job leads to fraud charges
Posted: August 4th, 2010, 9:57am MDT
A woman is accused of illegally accepting workers' compensation payments while working as a stripper.
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Summer is lost cause for Gulf businesses
Posted: August 4th, 2010, 9:00am MDT
A stack of business cards for tourists sits on a countertop beside the cash register at Zeke's Marina on the Alabama shore. Beside it sits another stack, advertising mental health counseling for locals.
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Intel settles charges it stifled rivals
Posted: August 4th, 2010, 8:37am MDT
Intel has agreed to stop using threats and bundled prices to hamper competition, as part of a settlement of charges that it illegally abused market dominance.
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U.S. surfboard makers thrive in choppy waters
Posted: August 4th, 2010, 5:41am MDT
Surfboards, one of the most quintessential American products, have been slammed by a wave of imports over the past few years. Some think that may have been a good thing for the industry.
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Cheez Doodles creator Morrie Yohai dies at 90
Posted: August 3rd, 2010, 10:57am MDT
Morrie R. Yohai, the creator of the crunchy, finger-staining orange Cheez Doodles snack, has died. He was 90.
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Donald Trump sued for fraud over condo
Posted: August 3rd, 2010, 10:23am MDT
Donald Trump and the promoters of his Trump SoHo hotel-condominium were sued by buyers who accused them of fraudulently touting out-sized sales figures to encourage them to buy units and inflate the project's financial health.
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Newsweek sold to businessman Harman
Fetched: August 2nd, 2010, 3:31pm MDT
Newsweek sold to businessman Harman -
Sponsored By:
Fetched: August 2nd, 2010, 3:31pm MDT
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De Niro, Brooklyn, India on last Kodachrome roll
Posted: August 2nd, 2010, 2:38pm MDT
What should a photographer shoot when he's entrusted with the very last roll of Kodachrome?
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SEC probes BP potential insider trading
Posted: August 2nd, 2010, 12:16pm MDT
U.S. securities regulators are probing potential insider trading at BP in the weeks and months following the Gulf of Mexico oil spill, sources familiar with the investigation said.
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Stereo magnate Harman may buy Newsweek
Posted: August 2nd, 2010, 12:11pm MDT
Stereo equipment magnate Sidney Harman is close to sealing a deal to buy Newsweek magazine, according to a Monday report on The New York Times' Media Decoder blog.
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Cursing at work comes under fire
Posted: August 2nd, 2010, 5:38am MDT
Goldman Sachs reportedly has banned cursing in e-mails, but completely eliminating cursing on the job may be harder than eradicating fraud on Wall Street. Your Career.
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Buffett-signed spoon a scoop for charity
Posted: July 31st, 2010, 10:04am MDT
A 33-inch, 5-pound red metal spoon bearing the signature of the billionaire investor fetched $4,500 for charity in an online auction on eBay.
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Time to scrap BP brand? Gas station owners divided
Posted: July 30th, 2010, 3:11pm MDT
BP gas station owners are divided over whether the oil giant should rebrand U.S. outlets as Amoco or another name as part of efforts to repair the company's badly damaged reputation.
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Law creates paperwork fiasco for businesses
Posted: July 30th, 2010, 2:18pm MDT
The House rejected an effort to repeal part of the new health care law that requires millions of businesses to file tax forms for every vendor that sells them more than $600 in goods.
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A possible successor to Buffett at Berkshire?
Posted: July 30th, 2010, 9:59am MDT
The oft-debated question of who will take over for Warren Buffett as the investment head of Berkshire Hathaway may have moved a notch closer to resolution.
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Disney to sell Miramax for over $660 million
Posted: July 30th, 2010, 9:08am MDT
Walt Disney Co. has agreed to sell Miramax, the studio behind such films as "Trainspotting" and "No Country for Old Men," for more than $660 million to Filmyard Holdings LLC.
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Billionaire brothers accused of insider trading
Posted: July 30th, 2010, 6:27am MDT
Sam and Charles Wyly, Dallas billionaire investors made $550 million in undisclosed profits through 13 years of insider trading, according to an SEC lawsuit.
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Regional chains feed America's burger appetite
Posted: July 30th, 2010, 5:46am MDT
Whether you want pear chutney on your sandwich, or an artery-clogging ball of meat and grease for less than a buck, there’s a regional burger chain for you somewhere in America.
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Lawsuits seek $30 million from Madoff family
Posted: July 30th, 2010, 4:44am MDT
A court-appointed trustee seeking to recover billions of dollars lost by Bernard Madoff filed 3 lawsuits in a bid to get back more than $30 million he said the Madoff family had invested.
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Disney sells Miramax for over $660 million to Filmyard
Posted: July 30th, 2010, 1:20am MDT
Walt Disney Co has agreed to sell Miramax, the studio behind such films as "Trainspotting" and "No Country for Old Men," for more than $660 million to Filmyard Holdings LLC, ending months of talks between the media group and a star-studded cast of bidders.
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Filmmaker's new crusade: Saving old theaters
Posted: July 29th, 2010, 2:48pm MDT
Michael Moore wants to bring downtown theaters back. The filmmaker has a plan to refurbish or prop up downtown movie houses in his home state of Michigan — and eventually nationwide.
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Citigroup paying $75M to settle civil charges
Posted: July 29th, 2010, 2:09pm MDT
Banking titan Citigroup Inc. is paying $75 million to settle civil charges that it misled investors about its potential losses from subprime mortgages as the housing bust hit in 2007.
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Fed official: U.S. could tip into Japan-like crisis
Posted: July 29th, 2010, 1:38pm MDT
The Federal Reserve should revive a crisis-era program to buy government debt if the U.S. seems headed toward a bout with deflation, a Fed official said Thursday.
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Executive pay to rebound modestly this year
Posted: July 29th, 2010, 12:48pm MDT
Executive compensation at large and mid-sized U.S. companies is expected to rebound modestly this year after two consecutive years of declines as business conditions improve, according to a survey.
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Posted: July 29th, 2010, 12:48pm MDT
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Pru, MetLife subpoenaed in military probe
Posted: July 29th, 2010, 10:41am MDT
New York's attorney general said on Thursday he had subpoenaed MetLife Inc and Prudential Financial Inc as part of an investigation into whether life insurers defrauded grieving military families out of hundreds of millions of dollars.
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Republicans block small business lending bill
Posted: July 29th, 2010, 10:21am MDT
Senate Republicans have blocked a bill to increase small business lending, dealing a setback to President Barack Obama's jobs agenda.
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100 million Facebook users' details published online
Posted: July 29th, 2010, 6:59am MDT
The personal details of 100 million Facebook users have been collected and published online in a downloadable file, meaning they will no longer be able to make the information private.
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100 million Facebook users' details published online
Posted: July 29th, 2010, 4:21am MDT
The personal details of 100 million Facebook users have been collected and published online in a downloadable file, meaning they will no longer be able to make the information private.
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Amazon unveils new Kindle, starting at $139
Posted: July 28th, 2010, 6:33pm MDT
Just weeks after lowering the price of the Kindle e-book reader from $259 to $189, Amazon unveiled a fully revamped Kindle on Wednesday. It's sleeker, better looking, easier on the eyes — and starts at $139.
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Unemployment rises in 75 pct. of metro areas
Posted: July 28th, 2010, 12:33pm MDT
The unemployment rate in about three-quarters of the nation's largest metro areas rose last month as seasonal factors boosted joblessness nationwide.
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Airfares higher this year vs. last, DOT reports
Posted: July 28th, 2010, 12:30pm MDT
If you think airfares have been rising, it's not your imagination. Figures just released by DOT show airline prices in the first three months of this year rose nearly 5 percent from 2009.
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Pro sports', environmentalism's uneasy bond
Posted: July 27th, 2010, 5:22pm MDT
Chris Dickerson remembered cringing as he looked at the excess of empty, discarded plastic bottles by his Triple-A teammates in Louisville.
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GE pays $23M to settle Iraq kickback charges
Posted: July 27th, 2010, 1:57pm MDT
GE will pay $23.4 million to settle federal charges that some of its subsidiaries paid illegal kickbacks to the Iraqi government in order to win contracts under a U.N. program.
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Fewer parents cutting back-to-school budget
Posted: July 27th, 2010, 12:26pm MDT
Fewer U.S. parents plan to cut their back-to-school budgets, but will count on smartphones and social networking to find bargains during the second biggest shopping season of the year, according to a Deloitte survey.
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Pro sports', environmentalism's uneasy bond
Posted: July 27th, 2010, 12:12pm MDT
Chris Dickerson remembered cringing as he looked at the excess of empty, discarded plastic bottles by his Triple-A teammates in Louisville.
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Snooki, 'Jersey Shore' cast open NYSE trading
Posted: July 27th, 2010, 10:49am MDT
"Gorilla juiceheads" fist-pumped on the New York Stock Exchange on Tuesday morning as cast members of "Jersey Shore" kicked off trading.
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Posted: July 27th, 2010, 10:49am MDT
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Obama urges small business initiatives passage
Posted: July 27th, 2010, 10:45am MDT
President Barack Obama is calling on Congress to pass legislation that he says will help small businesses grow and hire again.
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Diners grill restaurants over seafood sourcing
Posted: July 26th, 2010, 2:59pm MDT
After months of watching news coverage of the oil spill, customers are asking questions about where their food was fished from, especially items closely associated with the Gulf.
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Madoff trustee could sue 1,000 Ponzi victims
Posted: July 26th, 2010, 1:21pm MDT
The trustee overseeing the liquidation of Bernard Madoff's investment firm might sue about 1,000 victims whom he believes profited improperly from the imprisoned Ponzi schemer.
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United Technologies to cut another 1,500 jobs
Posted: July 26th, 2010, 12:00pm MDT
United Technologies Corp. says it plans to cut another 1,500 jobs through 2011 after eliminating 900 positions in the first half of this year.
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A British company with a Southern accent
Posted: July 26th, 2010, 11:19am MDT
The man overseeing the much-maligned response by BP PLC to the Gulf oil spill crisis is the likely choice to replace gaffe-prone Tony Hayward to run the company.
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America's laziest state? Louisiana
Posted: July 26th, 2010, 5:42am MDT
When it comes to kicking back, the Pelican State reigns supreme.
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High finance and corporate pot, California style
Posted: July 25th, 2010, 10:31am MDT
Economists see corporate pot as a multibillion dollar market about to be unfettered with little sense of how consumers will react.
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Obama and oil spill: Lessons from corporate world
Posted: July 24th, 2010, 11:40am MDT
Obama has walked the factory floor when it comes to managing the federal response to the BP Gulf spill, going directly to front-line workers.
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U.S. bank failures in 2010 surpass 100
Posted: July 23rd, 2010, 5:15pm MDT
U.S. bank failures this year have surpassed a bleak milestone of 100 as regulators shut down banks in Georgia, Florida, South Carolina, Kansas and Minnesota.
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Proposed federal rules target for-profit colleges
Posted: July 23rd, 2010, 1:07pm MDT
The Education Department proposed much-anticipated regulations Friday that would cut off federal aid to for-profit college programs if too many of their students default on loans.
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U.S. pay czar to slam banks on bonuses
Posted: July 23rd, 2010, 5:42am MDT
The Treasury Department's pay czar says 17 banks gave their top executives $1.6 billion in lavish payments while they were receiving billions of dollars in taxpayer-funded bailouts.
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Woof, meow. Fido and Tiger go green
Posted: July 22nd, 2010, 7:10am MDT
Whether it is organic coconut chip treats, eco-friendly rope toys, hemp and bamboo collars or beds made from recycled material, pampered pets and their owners are going green.
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Recession breeds wave of supercommuters
Posted: July 22nd, 2010, 5:32am MDT
Americans have traditionally traded longer commutes for nicer homes or better schools. Now, some are spending hours commuting each day because it’s better than no job at all.
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Senate approves jobless payments to millions
Posted: July 21st, 2010, 6:00pm MDT
State unemployment agencies are gearing up to resume sending unemployment payments to millions of people as Congress promises to ship President Barack Obama a measure to restore lapsed benefits.
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Zuckerberg: Facebook IPO when it makes sense
Posted: July 21st, 2010, 5:39pm MDT
Facebook will sell stock in a IPO when the time is right, CEO Mark Zuckerberg said in an ABC TV interview, addressing persistent speculation about its stock market debut.
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Posted: July 21st, 2010, 5:39pm MDT
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Starbucks 3rd quarter profit climbs 37 percent
Posted: July 21st, 2010, 3:10pm MDT
The world's largest coffee chain said Wednesday that its third-quarter profit rose 37 percent as more customers visited its coffee shops and spent more when they did.
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Watchdogs slam Obama housing programs
Posted: July 21st, 2010, 2:09pm MDT
Obama administration housing rescue programs have been ineffective at preventing a rise in home foreclosures even as the government's support for the mortgage market grew by nearly $700 billion in the past year, bailout watchdogs said on Wednesday.
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Madoff trustee seeks $3.6 billion from funds
Posted: July 21st, 2010, 12:42pm MDT
The court-appointed trustee hunting for money to pay investors who lost billions of dollars in Bernard Madoff's Ponzi scheme has sued more than two dozen entities related to a New York-based hedge fund.
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New York and Ohio want to lead BP lawsuits
Posted: July 21st, 2010, 10:25am MDT
New York and Ohio have asked a federal judge to appoint them lead plaintiffs to handle shareholder class-action lawsuits against BP over the Gulf of Mexico oil spill.
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Convicted ex-media baron Conrad Black released
Posted: July 21st, 2010, 8:34am MDT
Former media mogul Conrad Black left a federal prison Wednesday in central Florida where he has been serving a 6 1/2-year sentence for defrauding investors, a prison official said.
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We're from Wall Street, we're here to help
Posted: July 21st, 2010, 5:39am MDT
Hundreds of small banks across the country are struggling to survive. Wall Street wants to help. But Washington's banking watchdogs say beware of bankers bearing gifts..
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Ford marketing 2011 Explorer via Facebook
Posted: July 20th, 2010, 5:03pm MDT
Ford Motor Co. plans to launch its marketing campaign for the Ford Explorer next week through an unusual venue: Facebook.
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American debt, consumer defaults down
Posted: July 20th, 2010, 4:00pm MDT
Americans are slowly regaining control of their household budgets. The default rate on credit card payments, mortgages and auto loans eased last month, suggesting that borrowing habits are sobering up.
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Research forecasts muted back-to-school sales
Posted: July 20th, 2010, 3:36pm MDT
Retailers will see fewer customers visits during the critical back-to-school season, a research firm forecast Tuesday, but it expects shoppers will spend more than last year.
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Obama choosing consumer chief "fairly quickly"
Posted: July 20th, 2010, 3:16pm MDT
U.S. President Barack Obama will move "fairly quickly" to choose a head for the new Bureau of Consumer Financial Protection, Deputy Treasury Secretary Neal Wolin said on Tuesday.
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Ex-IRS official owes $789,000 in taxes
Posted: July 20th, 2010, 3:01pm MDT
A former Internal Revenue Service official pleaded guilty on Tuesday to failing to file federal income tax returns, owing more than $789,000 for six years of unpaid taxes, U.S. government authorities said.
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Ex-IRS official owes $789,000 in taxes
Posted: July 20th, 2010, 3:01pm MDT
A former Internal Revenue Service official pleaded guilty on Tuesday to failing to file federal income tax returns, owing more than $789,000 for six years of unpaid taxes, U.S. government authorities said.
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Apple's quarterly results blow past forecasts
Posted: July 20th, 2010, 2:56pm MDT
Apple Inc. on Tuesday said its fiscal third-quarter net income rose 78 percent, thanks to sales of its iPhone and the new iPad tablet computer.
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Starbucks CEO bets on multiple growth drivers
Posted: July 20th, 2010, 2:50pm MDT
Starbucks Corp's founder Howard Schultz is moving far outside the confines of his coffee houses to grow a diversified, global business.
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Seinfeld's 'Soup Nazi' reopens in New York
Posted: July 20th, 2010, 1:48pm MDT
A New York City soup vendor made famous after he inspired Seinfeld's "Soup Nazi" character on the popular TV show reopened his original Manhattan stall on Tuesday.
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Posted: July 20th, 2010, 1:48pm MDT
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Mortgage program loses 40 pct of participants
Posted: July 20th, 2010, 12:44pm MDT
More than 40 percent of homeowners seeking help from the Obama administration's flagship effort to rescue those at risk of foreclosure have dropped out of the program.
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Playboy is safe to read at work ... finally
Posted: July 20th, 2010, 7:45am MDT
Finally, something for those guys who say they read Playboy for the articles: a chance to prove it.
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As seen on TV: When products are the stars
Posted: July 20th, 2010, 5:30am MDT
From mystery meats to bed-time braziers, here’s a roll call of some brands that temporarily basked in the pop limelight after becoming fodder for a TV punch line or story line.
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Market, stockholders drive Motorola breakup
Posted: July 19th, 2010, 4:35pm MDT
For decades, Motorola Inc.'s products told the story of the march of electronics into the hands of consumers. Now, the iconic company is breaking up, the victim of changing markets and the need to present simpler stories to investors.
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Fitch: Unit sale won't affect Motorola's ratings
Posted: July 19th, 2010, 4:18pm MDT
Fitch Ratings said Monday that several of its ratings for Motorola Inc. are unaffected by the company's proposed sale of its wireless networks division to Nokia Siemens Networks for $1.2 billion.
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Court grants bail to jailed ex-press baron Black
Posted: July 19th, 2010, 3:38pm MDT
Jailed former newspaper magnate Conrad Black was granted bail on Monday , weeks after the U.S. Supreme Court kicked his 2007 fraud conviction back to a lower court.
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Jennifer Convertibles files for Chapter 11
Posted: July 19th, 2010, 1:48pm MDT
Jennifer Convertibles Inc. filed for Chapter 11 bankruptcy protection following liquidity problems, the sofabed seller said Monday.
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SEC may add 800 positions to carry out reform
Posted: July 19th, 2010, 12:07pm MDT
Schapiro said the Securities and Exchange Commission will likely need 800 extra positions to implement the financial overhaul law President Barack Obama plans to sign this week.
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Administrator has to 'sell' BP victims on money
Posted: July 19th, 2010, 11:53am MDT
The administrator of a $20 billion Gulf oil spill compensation fund offered a hard sell Monday, promising fishermen and others with lost income claims from the disaster that he'll be more generous with them than any court would be.
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Latest victim of recession: The office fridge
Posted: July 19th, 2010, 6:01am MDT
With 70 percent of workers eating lunch at their desks, the office fridge has become the recession's latest victim.
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Now, real work on financial reform begins
Posted: July 18th, 2010, 11:58am MDT
In the end, it's only a beginning. The far-reaching new banking and consumer protection bill now shifts from the politicians to the technocrats.
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Dreamliner makes its first overseas landing
Posted: July 18th, 2010, 11:20am MDT
Boeing Co. and European arch rival Airbus racked up billions of dollars worth of aircraft sales at the Farnborough International Airshow on Monday.
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Now, real work on financial reform begins
Posted: July 18th, 2010, 11:08am MDT
In the end, it's only a beginning. The far-reaching new banking and consumer protection bill now shifts from the politicians to the technocrats.
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Gates' latest mission: fixing America's schools
Posted: July 17th, 2010, 9:53am MDT
The last thing you'd expect from an organization headed by Bill Gates is a math mistake. Yet Gates Foundation critics argue that its education strategy is based on a misreading of the data.
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Posted: July 17th, 2010, 9:53am MDT
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AIG to pay $725M to investors in settlement
Posted: July 16th, 2010, 4:15pm MDT
American Insurance Group Inc. and some of its directors and officers have agreed to a $725 million settlement to resolve allegations of wide-ranging fraud laid out in a class action suit led by three Ohio pension funds.
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Bitter LeBron beer back in Cleveland
Posted: July 16th, 2010, 3:49pm MDT
A Cleveland brewery is re-releasing a bitter beer inspired by LeBron James' decision to leave the Cavaliers for the Miami Heat.
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Elizabeth Warren eyed for consumer bureau
Posted: July 16th, 2010, 12:48pm MDT
Elizabeth Warren, an outspoken consumer rights advocate feared by Wall Street, is among top contenders to head a new financial consumer watchdog bureau, a senior White House adviser said on Friday.
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Manufacturing cools in June as recovery slows
Posted: July 15th, 2010, 4:15pm MDT
New evidence of a slowing economic rebound emerged Thursday in reports that manufacturing activity is slowing after helping drive the early stages of the recovery.
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Goldman to pay $550M to settle fraud charges
Posted: July 15th, 2010, 2:59pm MDT
Goldman Sachs & Co. has agreed to pay $550 million to settle civil fraud charges that the Wall Street giant misled buyers of mortgage-related investments.
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Boeing exec: 787 delivery may slip to early 2011
Posted: July 15th, 2010, 10:54am MDT
The first delivery of Boeing's new 787 jetliner may slip into early 2011 because of inspections and changing instruments on the flight test aircraft, the head of the program said.
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Penthouse gets serious about bid for Playboy
Posted: July 15th, 2010, 10:48am MDT
The desire for adult-themed entertainment is heating up.
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AIG chairman resigns over discord with CEO
Posted: July 14th, 2010, 5:38pm MDT
American International Group Inc. said late Wednesday that Harvey Golub resigned as chairman, citing a bad working relationship with CEO Bob Benmosche.
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Companies cautiously raise spending on tech
Posted: July 14th, 2010, 4:41pm MDT
Companies finally appear to be muscling up their spending on the most expensive kinds of computers after slashing budgets during the recession.
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GM offering Chevy Volt battery 8-year warranty
Posted: July 14th, 2010, 1:42pm MDT
General Motors Co. is guaranteeing the battery in its Chevrolet Volt electric car for eight years or 100,000 miles in an effort to inspire confidence in the new technology.
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Washington is nation's strongest job market
Posted: July 14th, 2010, 11:12am MDT
Where is hiring strongest? Washington has shown the strongest overall employment outlook, followed by San Antonio and Greenville, S.C. The worst? Las Vegas, Reno, Nev., and Detroit.
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Tax-wise, Steinbrenner picked a great year to die
Posted: July 13th, 2010, 4:36pm MDT
By dying in 2010, the billionaire and long-time New York Yankees owner's wealth avoids the federal estate tax, likely saving his heirs enough money to field an entire team of Alex Rodriguezes.
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New stamps to honor Negro League baseball
Posted: July 13th, 2010, 4:12pm MDT
The Negro Leagues take the baseball field again on Thursday as the Postal Service honors the organizations that gave black players a chance to show their talents before the major leagues were integrated.
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Obama lauds GOP senators' reform bill switch
Posted: July 13th, 2010, 11:04am MDT
Senate Majority Leader Harry Reid is planning a final vote Thursday morning on a sweeping overhaul of financial regulations.
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Alcoa posts profit as sales rise 18 percent
Posted: July 12th, 2010, 2:27pm MDT
Alcoa Inc., the largest U.S. aluminum producer, posted a second-quarter profit on Monday, as sales rose 18 percent despite a recent drop in aluminum prices.
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Posted: July 12th, 2010, 2:27pm MDT
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FDIC's powers to investigate banks expand
Posted: July 12th, 2010, 12:02pm MDT
Federal bank regulators have agreed to give the Federal Deposit Insurance Corp. unlimited authority to fully investigate banks, clarifying the agency's powers.
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4.5 million new hires qualify for tax break
Posted: July 12th, 2010, 10:58am MDT
Businesses have added 4.5 million workers under a new program that provides tax breaks for hiring unemployed workers, the Treasury Department said Monday.
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Hefner offers to take Playboy private
Posted: July 12th, 2010, 6:57am MDT
Hugh Hefner, Playboy Enterprises Inc.'s iconic founder, is offering to buy the shares of the media empire that he doesn't already own and take the company private.
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Aon agrees to buy Hewitt for $4.9 billion
Posted: July 12th, 2010, 6:12am MDT
Insurance conglomerate Aon Corp. said Monday it has agreed to buy human resources specialist Hewitt Associates for $4.9 billion in a cash-and-stock deal that would nearly triple the size of its consulting business.
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BP's Big Spill: The lost summer
Posted: July 12th, 2010, 5:40am MDT
Fear of more oil—federal maps show oil menacing the shore from Terrebonne Parish, La., to Fort Walton Beach, Fla.—is putting a dent in the Gulf's $100 billion annual tourism industry.
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BofA tightens practices after $10.7 billion error
Posted: July 11th, 2010, 1:28pm MDT
Bank is beefing up its internal accounting controls after it incorrectly classified as much as $10.7 billion in short-term lending and repurchase deals for mortgage securities as sales
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U.S. chamber steps up its criticism of Obama
Posted: July 11th, 2010, 1:17pm MDT
Some business groups, upset about budget and regulatory policies they say are costing jobs, are accusing President Obama of pursuing an agenda that is hurting economic recovery.
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Financial world readies for reform bill passage
Posted: July 11th, 2010, 11:01am MDT
Big changes are in store for the financial world from a government crackdown more than a year in the making.
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Economic worries permeate media conference
Posted: July 9th, 2010, 2:27pm MDT
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Berkshire downgraded to 'sell' due to economy
Posted: July 8th, 2010, 2:28pm MDT
An analyst advised investors Thursday to sell shares of Warren Buffett's Berkshire Hathaway Inc. because the economy may weaken over the rest of the year and hurt demand for its businesses that rely on consumer spending.
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Playboy cutting Portugal ties after Christ cover
Posted: July 8th, 2010, 2:03pm MDT
Playboy magazine is set to pull the plug on its Portugal edition after the July edition of the magazine showed an image of Jesus Christ on a bed with a topless woman, reports say.
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H&R Block names Alan Bennett as CEO
Posted: July 7th, 2010, 6:35pm MDT
H&R Block Inc. named Alan M. Bennett as its new president and CEO Wednesday after its previous chief executive, Russ Smyth, resigned to take another CEO post.
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Unmaterial world: June luxury shopping down
Posted: July 7th, 2010, 5:41pm MDT
Affluent Americans went back to tightening their belts in June after months of showing other shoppers how to spend, raising concerns for the overall economy.
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Wells Fargo cutting 3,800 workers in restructuring
Posted: July 7th, 2010, 5:05pm MDT
Wells Fargo & Co. said Wednesday it's laying off 3,800 employees over the next year as part of a restructuring of its consumer finance unit.
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Posted: July 7th, 2010, 5:05pm MDT
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Apple's iPad wins over corporate converts
Posted: July 7th, 2010, 11:46am MDT
Apple, known for courting consumers with sleek designs and easy-to-use software, is making inroads with corporations that say the iPad can make workers more productive without putting sensitive customer information at risk.
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Borders launches an electronic book store
Posted: July 7th, 2010, 11:43am MDT
Borders has launched its e-bookstore as it tries to catch up to competitors who have a head-start in a small but growing market that's seen as the future of the book industry.
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Consumer watchdog misses some key players
Posted: July 7th, 2010, 10:59am MDT
The financial overhaul bill awaiting final action in the Senate includes a new regulator whose aim is to make sure mortgages, credit cards and other products from big banks don't abuse or confuse you.
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Some laborers lack papers for BP claims
Posted: July 7th, 2010, 7:58am MDT
In the fallout from the BP oil disaster, they're almost invisible: deck hands and other day laborers who have little or no way of proving they are losing income because of the spill.
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Post office proposes 2-cent rate hike
Posted: July 6th, 2010, 11:13am MDT
The post office wants to increase the price of a stamp by 2 cents to 46 cents starting in January. The agency has been battered by massive losses and declining mail volume.
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Sam's Club will offer small business loans
Posted: July 6th, 2010, 6:17am MDT
Wal-Mart's warehouse chain Sam's Club says it is offering small business loans of up to $25,000 to its business members.
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Is it possible to be an All-American company?
Posted: July 6th, 2010, 5:22am MDT
Mag Instrument is an ardently American company. But it's not easy. It faces a flood of cheap imports, and copycats. And it also struggles with government regulations.
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Bill could cost FedEx service to rural areas
Posted: July 5th, 2010, 1:04pm MDT
In the multibillion dollar world of overnight package deliveries, Mike Overstreet knows his Billings-based company, Corporate Air, is at the "tail end of the dog" as a small FedEx contractor serving rural areas of the Rockies and Midwest.
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Cleveland's financial reasons for loving LeBron
Posted: July 5th, 2010, 11:37am MDT
Before LeBron James, there were thousands of empty seats for most Cleveland Cavaliers games and downtown was silent after dark. With him, every game is a sellout and nearby bars and restaurants bustle.
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So what exactly is a 'double-dip' recession?
Posted: July 2nd, 2010, 1:51pm MDT
Concerns are rising that the economy is at risk of slipping into a "double-dip" recession.
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Celebrating Fourth of July by the numbers
Posted: July 2nd, 2010, 10:37am MDT
Economic woes don't stop America's patriotic spirit. This year, citizens will celebrate the Fourth of July in numbers as big as ever. They could spend upward of $3 billion.
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Wall Street reformers get bold, order studies
Posted: July 1st, 2010, 4:30pm MDT
The sweeping Wall Street reform bill moving through the U.S. Congress calls for no fewer than 39 studies — an impressive level of trying to look busy while dodging controversy, even by Washington standards.
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Google plans to pay gay employees more
Posted: July 1st, 2010, 4:08pm MDT
Google is set to begin covering a cost that gay and lesbian employees must pay when their partners receive domestic partner health benefits, a report says.
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Posted: July 1st, 2010, 4:08pm MDT
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Google buys travel software company for $700M
Posted: July 1st, 2010, 2:52pm MDT
Google is buying ITA Software in a $700 million deal that will provide the Internet search leader with more comprehensive information about airline flights.
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Sour note: Economy, glut hits summer tours
Posted: July 1st, 2010, 1:41pm MDT
A slow economy and a glut of choices are turning the once ironclad summer tour season into something of a gamble.
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Goldman CFO: Firm lost money on risky deals
Posted: July 1st, 2010, 10:20am MDT
The finance chief of Goldman Sachs said Thursday the firm made mistakes in the leadup to the financial crisis and was burned by losses on high-risk loans and mortgages.
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House passes landmark financial reform bill
Posted: July 1st, 2010, 8:28am MDT
The House of Representatives on Wednesday approved a landmark overhaul of financial regulations but the Senate put off action until mid-July, delaying a final victory for President Barack Obama.
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Senate GOP again kills jobless aid extension
Posted: July 1st, 2010, 8:15am MDT
For the third time in three weeks, Republicans in the Senate successfully filibuster a bill to continue providing unemployment checks to millions of people.
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Yahoo OKs up to $3 billion of stock buybacks
Posted: July 1st, 2010, 7:55am MDT
The board of Yahoo Inc. has approved plans to repurchase up to $3 billion in stock over the next three years.
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Jobless rates drop in two-thirds of metro areas
Posted: June 30th, 2010, 3:30pm MDT
Unemployment rates in roughly two-thirds of the nation's largest metropolitan areas dipped in May as the gradual economic recovery spurred some hiring.
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Ex-AIG exec defends risky trades before crisis
Posted: June 30th, 2010, 3:30pm MDT
A former top executive of American International Group Inc. acknowledged Wednesday that his division more than tripled the amount of risky investments it insured.
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Boeing buys Argon for $775M as military shifts
Posted: June 30th, 2010, 2:55pm MDT
Boeing announced it will buy combat engineering firm Argon ST for about $775 million Wednesday.
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Newsweek: Why Goldman Sachs is still thriving
Posted: June 30th, 2010, 2:21pm MDT
Why this investment bank, which employs the cool kids of finance, continues to thrive even as it’s chastised by the federal government, the Securities and Exchange Commission, and angry American taxpayers.
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Old Spice pitch man now on a motorcycle
Posted: June 30th, 2010, 9:16am MDT
The Old Spice man on a horse is back, and this time he's on a motorcycle — still shirtless and showing plenty of bravado and humor.
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Pampers offers Rowley-designed diapers
Posted: June 30th, 2010, 7:04am MDT
The Procter & Gamble Co. is aiming to make disposable diapers fashionable.
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How some textile mills avoided Armageddon
Posted: June 30th, 2010, 5:35am MDT
How can textile plants survive in the U.S.? By constant investment in automation equipment that allows the plants to make more yarn with fewer skilled workers at low prices.
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Posted: June 30th, 2010, 5:35am MDT
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Old economy leading the recovery — for now
Posted: June 30th, 2010, 5:29am MDT
Amid the nation’s slow and stubborn economic recovery, an unlikely sector is showing surprising strength: manufacturing. But economists say that may not be sustainable.
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Gulf business say BP is mishandling claims
Posted: June 9th, 2010, 4:33pm MDT
Businesses and property owners who have filed damage claims with BP over the oil spill are angrily complaining of delays, excessive paperwork and skimpy payments.
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Florida lawyer gets 50 years for Ponzi scheme
Posted: June 9th, 2010, 9:44am MDT
South Florida lawyer Scott Rothstein was sentenced to 50 years in prison Wednesday for masterminding a Ponzi scheme that bilked clients out of more than $1 billion.
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Bids for lunch with Buffett top $200,000
Posted: June 8th, 2010, 2:38pm MDT
The top bid in an annual online auction to dine on steak with billionaire investor Warren Buffett has reached $200,100.
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Papa John’s scores title of NFL’s official pizza
Posted: June 8th, 2010, 1:50pm MDT
Papa John's International Inc. leapfrogged two larger rivals to land a deal as the official pizza sponsor of the National Football League and the Super Bowl.
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Microsoft to offer $1.15B in convertible debt
Posted: June 8th, 2010, 1:20pm MDT
Even one of the richest companies in the world, Microsoft Corp., can use some of the financial flexibility that comes from borrowing money at today's relatively low rates.
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Soon ‘the new guy’ at work may be a robot
Posted: June 8th, 2010, 6:19am MDT
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Former Blackwater is putting itself up for sale
Posted: June 7th, 2010, 4:43pm MDT
The security firm formerly known as Blackwater is looking for new ownership.
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Retailers, card issuers duel over debit card fees
Posted: June 7th, 2010, 2:05pm MDT
Swipe your debit card at the supermarket and you've placed yourself at the heart of a contentious congressional debate.
