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Swap deadline looms for Greek foreign law bonds

Apr 4, 2012

ATHENS, Greece (AP) — Investors holding Greek government bonds issued under foreign law face a Wednesday night deadline to decide whether to agree to swap them with new securities worth less than half their original value.

The government has already extended the deadline twice. The swap for ...

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Burger King dusts off crown and going public again

Apr 4, 2012

By CANDICE CHOI, Associated Press

NEW YORK (AP) — Burger King is dusting off its crown and going public again.

The world's No. 2 hamburger chain, which is in the midst of overhauling its menu and stores, says it expects to relist its shares on the New York Stock Exchange within the next three ...

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Billionaire's yacht hunts for lost plane off Palau

Apr 4, 2012

By JENNIFER KELLEHER and NICK PERRY, Associated Press

Microsoft co-founder Paul Allen's mega-yacht — and perhaps even the billionaire himself — are part of a flotilla scouring the Pacific for an American pilot and two Palau police officers whose plane disappeared over the weekend.

The yacht, the ...

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Burger King to go public again on NYSE

Apr 3, 2012

By CANDICE CHOI, Associated Press

NEW YORK (AP) — Burger King is prettying itself up for a public outing.

The world's No. 2 hamburger chain, which is in the midst of overhauling its menu and stores, says it expects to relist its shares on the New York Stock Exchange within the next three months.

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China's premier calls for breaking bank monopolies

Apr 3, 2012

By JOE McDONALD, Associated Press

BEIJING (AP) — Premier Wen Jiabao, China's top economic official, says its state-owned banks are monopolies that must be broken up, acknowledging mounting economic and political pressure to reform an industry whose vast profits are fueling public anger.

Wen's ...

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2 Palau police, US pilot vanish during boat search

Apr 3, 2012

MELEKEOK, Palau (AP) — The U.S. Coast Guard and a mega-yacht owned by billionaire Paul Allen are searching the Pacific for an American pilot and two Republic of Palau police officers whose plane disappeared as they tried to track down a Chinese vessel that was allegedly fishing illegally.

The ...

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Obama: Reagan could not survive in 'radical' GOP

Apr 3, 2012

By BEN FELLER, Associated Press

WASHINGTON (AP) — In combative campaign form, President Barack Obama accused Republican leaders on Tuesday of becoming so radical and dangerously rigid that even the late Ronald Reagan, one of their most cherished heroes, could not win a GOP primary if he were ...

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Facebook focus guides Google CEO's 1st year on job

Apr 3, 2012

By MICHAEL LIEDTKE, Associated Press

SAN FRANCISCO (AP) — Google co-founder Larry Page has a Facebook fixation.

When he replaced his mentor Eric Schmidt as Google's CEO last April, Page insisted that the company had to be more aggressive about countering the threat posed by Facebook's ...

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Pa. cements status as No. 2 gambling market in US

Apr 3, 2012

By PATRICK WALTERS, Associated Press

PHILADELPHIA (AP) — Pennsylvania's 11 casinos pulled in more than $233.1 million in gross slot machine revenue last month, setting an all-time monthly high since the state's first casino opened in November 2006 and cementing the state's status as the nation's ...

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Newspapers erect pay walls in hunt for new revenue

Apr 3, 2012

By RYAN NAKASHIMA, Associated Press

LOS ANGELES (AP) — Newspapers are returning to a business strategy that served them well in the heyday of street-corner newsboys shouting the front-page news. They're enticing people with a little free online content before asking them to pay up.

After years of ...

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Minutes: Fed less inclined to support bond buys

Apr 3, 2012

By MARTIN CRUTSINGER, Associated Press

WASHINGTON (AP) — Federal Reserve policymakers appear less inclined to take further action to stimulate the economy.

Minutes released Tuesday showed members of the Fed's policymaking committee spent little time at their March 13 meeting discussing the ...

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Google Art Project premieres upgrades in Chicago

Apr 3, 2012

By CARYN ROUSSEAU, Associated Press

CHICAGO (AP) — High tech merged with high culture Tuesday at The Art Institute of Chicago when Google Inc. announced an upgrade to its Google Art Project initiative, adding thousands of works in dozens more countries.

The project provides access to more than ...

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US stocks fall after dimmer outlook from Fed

Apr 3, 2012

By DANIEL WAGNER, Associated Press

U.S. stocks and Treasury prices dropped Tuesday after Federal Reserve policymakers said they were worried about a slowdown in hiring and appeared to resist buying more bonds to help the economy.

The Dow Jones industrial average was down as much as 133 points ...

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Facebook responds to Yahoo with own patent suit

Apr 3, 2012

By BARBARA ORTUTAY, Associated Press

NEW YORK (AP) — Facebook is stepping up its patent dispute with Yahoo by filing its own lawsuit against the struggling Internet icon.

Facebook's lawsuit Tuesday came just weeks after Yahoo Inc. claimed that Facebook violated 10 patents covering advertising,

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Gasoline price holds at average $3.92 per gallon

Apr 3, 2012

By CHRIS KAHN, Associated Press

NEW YORK (AP) — The surge in gasoline prices has stalled around $3.92 per gallon, but experts caution that more increases are coming.

Many refineries still haven't undergone a seasonal maintenance period that will force them to produce less gas. That will tighten ...

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State governments target tax-cheating software

Apr 3, 2012

By GLENN ADAMS, Associated Press

AUGUSTA, Maine (AP) — Cash-strapped state governments that are searching every crevice for money have found a new target: computer programs that enable businesses to keep two sets of books simply by plugging a flash drive into their cash registers.

The so-called ...

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AP revenue declines slow in 2011; seen up in 2012

Apr 3, 2012

By CHRISTOPHER S. RUGABER and RYAN NAKASHIMA, Associated Press

WASHINGTON (AP) — The Associated Press said Tuesday that its revenue declined in 2011 for the third straight year, but the drop was significantly smaller than the previous two years.

Revenue dropped to $627.6 million last year from ...

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Auto sales surge in March, led by small cars

Apr 3, 2012

By DEE-ANN DURBIN, Associated Press

DETROIT (AP) — Appealing small cars, low interest rates, truck deals and unseasonably warm weather helped the auto industry achieve its best monthly performance in almost four years in March.

General Motors Co. said Tuesday that its U.S. sales rose 12 percent ...

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Europe's central bank looks in vain for growth

Apr 3, 2012

By DAVID McHUGH, Associated Press

FRANKFURT, Germany — Europe is searching for something to get growth going again and pull the eurozone's heavily indebted countries out of their troubles — but with little luck.

Unemployment and manufacturing indicators suggest the 17 countries that use the euro ...

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IMF director says global recovery very fragile

Apr 3, 2012

By TOM RAUM, Associated Press

WASHINGTON (AP) — The managing director of the International Monetary Fund said Tuesday that the global economy is making some advances in digging itself out of a punishing recession, but that the recovery remains very fragile, especially in Europe. She suggested ...

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