Business News
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Trouble With Spanish Banking Keeps Markets on Edge
Tweet Share on Facebook 7:04AM May 29, 2012 Comment
Aerial view of Barcelona, Spain
LONDON (AP) — Concerns that Spain's ailing banking sector might worsen the European debt crisis weighed on markets Tuesday, though Asian indexes eked out gains on hopes that China will take new measures to boost its economy.
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Pakistan Court Shuts Power Plants
Tweet Share on Facebook 2:50AM May 29, 2012 Comment
A Pakistani farmer works in his field near the site of the demolished compound of slain Al-Qaeda leader Osama bin Laden in northern Abbottabad.
ISLAMABAD (AP) — David Walters saw a business opportunity where few other foreign investors would dare to tread: Pakistan's power sector. He forecast profit by importing power stations, linking them to the national grid and selling the electricity to the energy-starved country.
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Political Ads Stir Health Care Horror
Tweet Share on Facebook 2:03AM May 29, 2012 Comment
stethoscope and pen resting on a sheet of medical lab test results, with patient file and x-ray or mri film
WASHINGTON (AP) — They're throwing granny off a cliff!
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Greece says will do all needed to keep solvent
Tweet Share on Facebook 10:13AM May 29, 2012 CommentATHENS, Greece (AP) — Greece's caretaker government says it will do all it can to ensure the loan-dependent country does not run out of cash amid the protracted political turmoil ahead of elections in June.
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Consumer confidence plunges in May
Tweet Share on Facebook 10:11AM May 29, 2012 CommentNEW YORK (AP) — Americans' confidence in the economy in May had its biggest drop in eight months as consumers fretted about slow hiring, a big stock market drop and the global economy, says a private research group.
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Record drop in retail sales adds to Spain's woes
Tweet Share on Facebook 10:06AM May 29, 2012 CommentMADRID (AP) — A record drop in retail sales added to Spain's economic woes on Tuesday as the government struggled to increase confidence in the crippled banking industry and investors remained wary of the country's ability to manage its debt.
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UK ditches half-baked plan for tax on savories
Tweet Share on Facebook 10:02AM May 29, 2012 CommentLONDON (AP) — Britain's government has cooled on its plan to impose a new sales tax on hot savory snacks, such as the humble Cornish pasty and sausage roll, after being criticized for unfairly attacking the poor.
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Home prices rise in most major US cities
Tweet Share on Facebook 9:52AM May 29, 2012 CommentWASHINGTON (AP) — Home prices rose in March from February in most major U.S. cities for the first time in seven months. The increase is the latest evidence of a slow recovery taking shape in the troubled housing market.
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Qatar probes mall fire as young victims mourned
Tweet Share on Facebook 9:51AM May 29, 2012 CommentDOHA, Qatar (AP) — Investigators in Qatar carried out their first extensive probes through a fire-ravaged daycare center and other charred areas inside the country's biggest mall Tuesday after a blaze that killed 19 people, including 13 children.
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Stocks open higher on hopes for China stimulus
Tweet Share on Facebook 9:46AM May 29, 2012 CommentNEW YORK (AP) — Stocks are opening higher on Wall street on optimism that China will take action to reverse a slowdown in its economic growth.
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German inflation down to 1.9 percent in May
Tweet Share on Facebook 8:49AM May 29, 2012 CommentBERLIN (AP) — An official estimate shows that the annual inflation rate in Germany, Europe's biggest economy, fell to 1.9 percent in May.
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Oil edges above $91 amid Iran nuclear concerns
Tweet Share on Facebook 8:09AM May 29, 2012 CommentThe price of oil rose slightly to above $91 a barrel Tuesday amid concerns that tensions over Iran's nuclear program could escalate as sanctions tighten this summer.
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Europeans ambivalent to the euro, survey finds
Tweet Share on Facebook 7:22AM May 29, 2012 CommentLONDON (AP) — The debt crisis that has ravaged Europe for the best part of three years has exposed a dislike of the single currency but little desire to abandon it, a wide-ranging survey of public opinion found Tuesday.
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APNewsBreak: FEMA trailer litigation nears end
Tweet Share on Facebook 11:28PM May 28, 2012 CommentNEW ORLEANS (AP) — A class-action settlement agreement has been reached to resolve nearly all the remaining court claims over allegations that government-issued trailers exposed Gulf Coast residents to hazardous fumes after Hurricane Katrina, a lead plaintiffs' attorney said Monday.
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Tony Blair says he ducked fight with UK media
Tweet Share on Facebook 9:01PM May 28, 2012 CommentLONDON (AP) — Former Prime Minister Tony Blair has said that he couldn't stand up to Britain's media tycoons while in power, telling an official media ethics inquiry that doing so could have dragged his administration into a political quagmire.
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New York is vying to become global high-tech hub
Tweet Share on Facebook 5:46PM May 28, 2012 CommentNEW YORK (AP) — Just as a trench dug in the 1800s created a shortcut to the nation's interior and helped make New York a global trading hub, the city is now hoping for another "Erie Canal moment" with a high-tech research complex to be built on an island in the East River.
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RIM loses another senior executive
Tweet Share on Facebook 4:52PM May 28, 2012 CommentTORONTO (AP) — Struggling BlackBerry-maker Research In Motion Ltd. said Monday that it is losing another senior executive as its chief legal officer is retiring from the company after 12 years.
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UN labor agency picks Briton Guy Ryder as new head
Tweet Share on Facebook 4:41PM May 28, 2012 CommentGENEVA (AP) — The U.N. International Labor Organization on Monday selected a former trade union leader, Guy Ryder of Britain, to become its new director general, a position that puts him at the forefront of an agency pushing to improve labor conditions around the world.
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Canada to force striking rail workers back to jobs
Tweet Share on Facebook 4:25PM May 28, 2012 CommentTORONTO (AP) — Canada introduced legislation Monday to force striking Canadian Pacific Railway workers back to their jobs after talks stalled over the weekend, the country's labor minister said Monday.
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Greek stocks soar on pro-bailout party's poll gain
Tweet Share on Facebook 3:53PM May 28, 2012 CommentATHENS, Greece (AP) — Greek stock markets rebounded strongly on Monday from a 22-year low on hopes a pro-bailout party will win crucial national elections next month, which would avoid a catastrophic rift with international creditors and keep the struggling country within the euro currency union.
