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US, EU, Japan challenge China over minerals trade

Mar 14, 2012

By DON MELVIN, Associated Press

BRUSSELS (AP) — The United States, the European Union and Japan filed complaints Tuesday with the World Trade Organization charging that China is limiting its export of rare earths, minerals that are vital to the production of high-tech goods.

China accounts for ...

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Markets steady despite more positive US news

Mar 14, 2012

By PAN PYLAS, Associated Press

LONDON (AP) — Markets were steady on Thursday following recent gains that have pushed many U.S. indexes to their highest levels since the collapse of investment bank Lehman Brothers in 2008.

In recent weeks, stocks have rallied on the combination of upbeat U.S.

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Yahoo board battle may begin within the next week

Mar 14, 2012

By MICHAEL LIEDTKE, Associated Press

SAN FRANCISCO (AP) — A potentially nasty battle to reshape Yahoo's board of directors will begin within the next week unless the troubled Internet company submits to the demands of a major shareholder.

Third Point LLC, a hedge fund that owns a 5.8 percent ...

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Fed now tweeting, but keep expectations in check

Mar 14, 2012

By MARTIN CRUTSINGER, Associated Press

WASHINGTON (AP) — The Federal Reserve isn't known for its brevity. Now, it has no choice.

At least when it comes to the tweets it will issue through its official Twitter channel — (at)federalreserve — which it launched Wednesday.

Like other Twitter users,

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Thieves rolling Tide detergent out of stores

Mar 14, 2012

By BEN NUCKOLS, Associated Press

WASHINGTON (AP) — When police in suburban Washington raided the home of a suspected drug dealer last fall, they found the cocaine, all right, but also something unusual on the man's shelves: nearly 20 large bottles of liquid Tide laundry detergent.

It turns out ...

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Citi disappointment on Fed test raises questions

Mar 14, 2012

By PALLAVI GOGOI, Associated Press

NEW YORK (AP) — Everyone expected Citigroup to pass the Federal Reserve's latest stress test easily.

It had just posted two years of profits, and CEO Vikram Pandit said as recently as March 7 that he was "confident" about rewarding shareholders with more ...

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When 'take this job and shove it' isn't enough

Mar 14, 2012

By SCOTT MAYEROWITZ, Associated Press

NEW YORK (AP) — Sometimes, giving two weeks' notice just isn't enough.

The Goldman Sachs muppet manifesto — a departing executive's lengthy and very public screed against the company's blind pursuit of profits — is only the latest example of taking ...

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Review: 5 ways to control your privacy on Google

Mar 14, 2012

By ANICK JESDANUN, Associated Press

NEW YORK (AP) — Like it or not, your relationship with Google is becoming a lot more intimate.

The company recently expanded its ability to combine data from its various services to create a highly detailed profile on you.

Google says it's doing that to ...

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Schools getting choice on beef: Pink slime or no?

Mar 14, 2012

By MICHAEL HILL, Associated Press

ALBANY, N.Y. (AP) — "Pink slime" just went from a simmer to a boil.

In less than a week this month, the stomach-turning epithet for ammonia-treated ground beef filler suddenly became a potent rallying cry by activists fighting to ban the product from supermarket ...

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25 countries to get iPad a week after US launch

Mar 14, 2012

CUPERTINO, Calif. (AP) — After the new iPad goes on sale Friday in the U.S. and nine other countries, Apple will make the tablet computer available in 25 additional countries a week later, mostly in Europe.

The new iPad is Apple's third version and sports a faster processing chip and a sharper ...

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Senate leaders drop standoff on judges, jobs bill

Mar 14, 2012

WASHINGTON (AP) — Senate Republican and Democratic leaders ended their standoff Wednesday over President Barack Obama's judicial nominations and agreed to debate a small-business bill that both parties favor in this presidential and congressional election year.

On the brink of 17 grueling votes in ...

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James Murdoch: 'I could have asked more questions'

Mar 14, 2012

By RAPHAEL SATTER, Associated Press

LONDON (AP) — News Corp. executive James Murdoch acknowledged Wednesday that he could have done more to get to grips with the phone hacking scandal that has rocked Britain and threatened his place as the likely heir to his father's global media empire.

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Investors push to know Warren Buffett's successor

Mar 14, 2012

By JOSH FUNK, Associated Press

OMAHA, Neb. (AP) — A group of Berkshire Hathaway investors from the AFL-CIO wants to require the company to reveal Warren Buffett's successor.

The labor union's AFL-CIO Reserve Fund submitted a proposal that Berkshire shareholders will vote on at the annual meeting ...

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Bond market sees a stronger economy

Mar 14, 2012

By DANIEL WAGNER, Associated Press

WASHINGTON (AP) — The bond market is betting on a stronger economy.

Prices for U.S. Treasury debt plunged for the fifth straight trading session Wednesday, and the yield on the benchmark 10-year note spiked to its highest level since October.

Money poured out ...

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Oil hovers below $106 as US crude supplies grow

Mar 14, 2012

By ALEX KENNEDY, Associated Press

SINGAPORE (AP) — Oil prices hovered below $106 a barrel Thursday in Asia amid trader concerns that growing U.S. crude supplies reflect weak demand.

Benchmark oil for April delivery was up 34 cents to $105.77 at late afternoon Singapore time in electronic trading ...

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NewsRight lands first customer to license news

Mar 14, 2012

NEW YORK (AP) — NewsRight, a company created by The Associated Press and other publishers to scour the Internet for unauthorized use of their content, said it has secured a licensing agreement with a company that monitors how its clients are portrayed in the media.

The multiyear agreement with ...

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FTC targets car dealers for misleading ads

Mar 14, 2012

By JENNIFER C. KERR, Associated Press

WASHINGTON (AP) — Beware of car dealer ads that promise to pay off the loan on your trade-in.

In a first-of-its-kind case, the Federal Trade Commission targeted five car dealers in four states that regulators say deceived consumers by promising to pay off ...

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Bernanke says community banks strengthening

Mar 14, 2012

By MARTIN CRUTSINGER, Associated Press

WASHINGTON (AP) — U.S. community banks are gaining strength even though the economy is improving only moderately, Federal Reserve Chairman Ben Bernanke said Wednesday.

The Fed chief delivered prerecorded remarks on a video monitor before a convention of ...

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Officials: Iraq, Kuwait settle airline dispute

Mar 14, 2012

By LARA JAKES and QASSIM ABDUL-ZAHRA, Associated Press

BAGHDAD (AP) — Iraq reached a $500 million deal Wednesday with Kuwait to settle a Saddam-era legal dispute that has for years snarled business for Iraq's national airline, officials said.

The agreement ends one of the most bitter diplomatic ...

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Muppet manifesto: Blistering exit for Goldman exec

Mar 14, 2012

By CHRISTINA REXRODE, Associated Press

NEW YORK (AP) — Goldman Sachs, arguably the most storied investment bank on Wall Street, has been compared to a money-sucking vampire squid and called the evil empire of finance. On Wednesday, it got a black eye from one of its own.

Greg Smith, an executive ...

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