Business News
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Feds open special inspection into NC nuke plant
Tweet Share on Facebook 11:59AM May 22, 2013 CommentRALEIGH, N.C. (AP) — Federal regulators said Wednesday that they are conducting a special inspection of a nuclear power plant outside North Carolina's capital city that was forced to shut down last week after operators discovered corrosion and cracking in the reactor vessel's covering.
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Stocks rise on Fed stimulus hopes, home sales
Tweet Share on Facebook 11:48AM May 22, 2013 CommentNEW YORK (AP) — Stocks are moving higher Wednesday after Federal Reserve Chairman Ben Bernanke said it was too soon for the central bank to pull back on its economic stimulus programs.
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Germans, French eye plan to create jobs for young
Tweet Share on Facebook 11:47AM May 22, 2013 CommentBERLIN (AP) — Germany and France are preparing to launch a drive to combat the problem of high European youth unemployment, which officials in Berlin say will center on trying to get business involved and make better use of already-pledged public money.
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Iceland forms center-right govt, halts EU talks
Tweet Share on Facebook 11:12AM May 22, 2013 CommentREYKJAVIK, Iceland (AP) — The leader of the center-right Progressive Party was chosen as Iceland's new prime minister Wednesday and promptly announced a halt to talks with the European Union about joining the 27-nation bloc.
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Judge: Hollister clothing unfriendly to disabled
Tweet Share on Facebook 11:09AM May 22, 2013 CommentDENVER (AP) — A federal judge in Denver is considering an injunction after ruling that nearly 250 Abercrombie & Fitch Co. and J.M. Hollister LLC clothing stores are unfriendly to the disabled.
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AAA: 31.2M drivers to take Memorial Day road trip
Tweet Share on Facebook 10:11AM May 22, 2013 CommentIt's going to be another busy Memorial Day weekend on the nation's highways.
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US home sales tick up to highest in 3 ½ years
Tweet Share on Facebook 10:04AM May 22, 2013 CommentWASHINGTON (AP) — Sales of previously-occupied U.S. homes ticked up last month to the highest level in three and a half years, helped by a jump in the number of houses for sale.
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Stocks edge higher as investors watch the Fed
Tweet Share on Facebook 9:47AM May 22, 2013 CommentNEW YORK (AP) — Stocks are opening slightly higher as investors watch for the latest moves from the Federal Reserve.
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Target's 1Q profit drops 26 pct on weak sales
Tweet Share on Facebook 8:25AM May 22, 2013 CommentNEW YORK (AP) — Target Corp. reported a 26 percent drop in first-quarter profit as cool temperatures and financial pressures limited customers' appetite for spending.
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Futures rise; all eyes on the Fed
Tweet Share on Facebook 7:43AM May 22, 2013 CommentNEW YORK (AP) — U.S. stock futures are rising with the nation's central bank seemingly committed to ushering along a financial rebound and the housing market nearing an important milestone.
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Lowe's 1Q profit rises, chilly spring hurts sales
Tweet Share on Facebook 6:28AM May 22, 2013 CommentMOORESVILLE, N.C. (AP) — Lowe's first-quarter net income rose almost 3 percent, even as a wet and cool spring dampened sales of gardening products.
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US auto factories cutting back on summer downtime
Tweet Share on Facebook 6:22AM May 22, 2013 CommentDETROIT (AP) — Detroit auto factories are forgoing their traditional two-week summer break and speeding up production to meet buyers' growing demand for new cars and trucks.
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EU leaders discuss fight against tax evasion
Tweet Share on Facebook 6:20AM May 22, 2013 CommentBRUSSELS (AP) — The European Union's leaders are seeking to advance their fight against tax evasion and close loopholes for large corporations' creative tax avoidance schemes.
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Bank of England remains divided on stimulus
Tweet Share on Facebook 5:40AM May 22, 2013 CommentLONDON (AP) — The Bank of England's policymakers remain divided on whether to provide more stimulus to the flat-lining economy, according to the minutes of their meeting in May.
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Sony mulls hedge fund's entertainment sale idea
Tweet Share on Facebook 4:49AM May 22, 2013 CommentTOKYO (AP) — Sony's CEO Kazuo Hirai says the company's board will discuss a proposal by U.S. hedge fund manager Daniel Loeb to spin off up to 20 percent of its movie, TV and music division.
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Weak yen a help for Japan, but headache elsewhere
Tweet Share on Facebook 3:37AM May 22, 2013 CommentTOKYO (AP) — A steady decline in the yen is proving a godsend for exporters such as Toyota and has won solid support from Japan's main trading partners, who are betting the impact on their own currencies will be offset by gains from a recovery in the world's third-largest economy. It's not such good news for entrepreneurs like Thamonwan Thawornthaweewong, whose Angry Bird fish balls, squid rings and other products now cost more to sell in Japan.
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Immigration bill heads to full Senate
Tweet Share on Facebook 3:21AM May 22, 2013 CommentWASHINGTON (AP) — A far-reaching bill to remake the nation's troubled immigration system is headed to the full Senate after approval by the Senate Judiciary Committee.
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Kerry pushes $2.1 billion Raytheon deal in Oman
Tweet Share on Facebook 3:11AM May 22, 2013 CommentMUSCAT, Oman (AP) — U.S. Secretary of State John Kerry is talking with officials in Oman about their plans to buy a $2.1 billion air defense system from American manufacturer Raytheon.
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Japan's central bank says economy picking up
Tweet Share on Facebook 2:07AM May 22, 2013 CommentTOKYO (AP) — Japan's central bank says the world's third-biggest economy is "picking up" as demand recovers in other countries and remains resilient at home, though the trade deficit widened in April, for the tenth straight month.
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Oil falls below $96 before Fed chief speaks
Tweet Share on Facebook 2:03AM May 22, 2013 CommentBANGKOK (AP) — The price of oil fell Wednesday as investors waited for a report on U.S. crude stocks and the Federal Reserve's latest views on the U.S. economy.
