Business News
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Atty: Hobby Lobby won't offer morning-after pill
Tweet Share on Facebook 7:12PM December 27, 2012 CommentWASHINGTON (AP) — An attorney for Hobby Lobby Stores said Thursday that the arts and crafts chain plans to defy a federal mandate requiring it to offer employees health coverage that includes access to the morning-after pill, despite risking potential fines of up to $1.3 million per day.
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Mississippi River drops, threatening barge traffic
Tweet Share on Facebook 7:04PM December 27, 2012 CommentST. LOUIS (AP) — The Mississippi River level is dropping again and barge industry trade groups warned Thursday that river commerce could essentially come to a halt as early as next week in an area south of St. Louis.
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Unilever to phase out 'microplastics' by 2015
Tweet Share on Facebook 5:53PM December 27, 2012 CommentAMSTERDAM (AP) — Unilever, the maker of Vaseline, Axe deodorants and Dove soaps, among other cosmetic and hygiene products, says it will phase out the use of microplastics by 2015.
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Time runs short to avert longshoremen's strike
Tweet Share on Facebook 5:31PM December 27, 2012 CommentNEW YORK (AP) — In just a few days, a walkout by thousands of dock workers could bring commerce to a near standstill at every major port from Boston to Houston, potentially delivering a big blow to retailers and manufacturers still struggling to find their footing in a weak economy.
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AP IMPACT: Ordinary folks losing faith in stocks
Tweet Share on Facebook 5:17PM December 27, 2012 CommentNEW YORK (AP) — Andrew Neitlich is the last person you'd expect to be rattled by the stock market.
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Fiscal cliff whipsaws stocks; confidence dims
Tweet Share on Facebook 4:53PM December 27, 2012 CommentNEW YORK (AP) — The "fiscal cliff" took the stock market on a roller coaster Thursday. Small developments in the tense budget standoff yanked stocks back and forth throughout the day.
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US consumers lose confidence as fiscal cliff nears
Tweet Share on Facebook 4:09PM December 27, 2012 CommentWASHINGTON (AP) — U.S. consumers peering over the "fiscal cliff" don't like what they see.
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Stocks whipsawed by 'fiscal cliff' talks, end flat
Tweet Share on Facebook 4:07PM December 27, 2012 CommentNEW YORK (AP) — The stock market erased most of an early loss in late trading after Republicans said they would reconvene the House of Representatives Sunday in hopes of piecing together a last-minute budget deal.
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SeaWorld files to go public with $100 million IPO
Tweet Share on Facebook 3:26PM December 27, 2012 CommentNEW YORK (AP) — Looks like Shamu may soon be making a splash in the stock market.
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Apple CEO gets modest 2012 pay after big 2011
Tweet Share on Facebook 1:16PM December 27, 2012 CommentNEW YORK (AP) — Apple CEO Tim Cook got $4.2 million in pay for the latest fiscal year, a modest sum compared with last year, when the company's board set him up with stock now worth $510 million for taking the reins in 2011.
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Chevron's CEO: Affordable energy is crucial
Tweet Share on Facebook 1:00PM December 27, 2012 CommentNEW YORK (AP) — Chevron CEO John Watson notices something important as he visits his company's operations around the globe: Governments everywhere find high energy prices much scarier than the threat of global warming.
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Shares plunge for Spanish bailed-out bank Bankia
Tweet Share on Facebook 12:50PM December 27, 2012 CommentMADRID (AP) — Shares in Bankia, the bailed-out Spanish bank, lost almost a fifth of their value Thursday after officials with the nation's bank bailout fund said the nationalized institution was worth minus €4.2 billion ($5.6 billion).
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5 Things To Do if the Fiscal Cliff Happens
Tweet Share on Facebook 12:08PM December 27, 2012 Comment
So it has come to this. The stagnant economy is showing signs of life, except that a dysfunctional Congress seems intent on snuffing it out. We have arrived at the fiscal cliff.
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Italy's borrowing costs rise ahead of elections
Tweet Share on Facebook 11:59AM December 27, 2012 CommentROME (AP) — Italy's borrowing costs rose slightly Thursday in an auction of six-month bonds held in the wake of Premier Mario Monti's resignation and uncertainty about his participation in the campaign for February's elections.
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US new home sales jump to fastest rate in 2½ years
Tweet Share on Facebook 11:46AM December 27, 2012 CommentWASHINGTON (AP) — Americans bought new homes last month at the fastest pace in more than two and a half years, further evidence of a sustained housing recovery.
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Does 2013's style trend spell end of trendy?
Tweet Share on Facebook 10:28AM December 27, 2012 CommentNEW YORK (AP) — The biggest trend in fashion for the new year might just be that there isn't anything especially trendy.
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Stocks inch higher as fiscal deadline nears
Tweet Share on Facebook 9:44AM December 27, 2012 CommentNEW YORK (AP) — Stocks are edging higher on Wall Street as hopes dim that a budget deal will be reached before a deadline at the end of the year.
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US jobless aid applications fall to 5-year low
Tweet Share on Facebook 9:39AM December 27, 2012 CommentWASHINGTON (AP) — The average number of people seeking U.S. unemployment benefits over the past month fell to the lowest level since March 2008, a sign that the job market is healing.
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German FinMin says worst of euro debt crisis over
Tweet Share on Facebook 7:26AM December 27, 2012 CommentBERLIN (AP) — Germany's finance minister says the worst of euro area's debt crisis appears to be over after three years of worries over Greece and other members of the group of 17 European Union countries that use the single currency.
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Futures head higher as Congress returns
Tweet Share on Facebook 7:21AM December 27, 2012 CommentNEW YORK (AP) — Stock futures are heading higher before the government releases what is expected to be the latest positive news for the housing industry.
