Business News
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US worker productivity grew 1.9 pct. rate in Q3
Tweet Share on Facebook 11:25AM November 01, 2012 CommentWASHINGTON (AP) — U.S. worker productivity grew at the same modest rate this summer as in spring, a sign that companies may be nearing the limits on how much output they can get from their employees.
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US builders boost September spending 0.6 percent
Tweet Share on Facebook 11:22AM November 01, 2012 CommentWASHINGTON (AP) — U.S. builders spent more on home construction in September, a gain that helped offset weakness in nonresidential building and government projects.
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Weekly applications for US jobless aid dip to 363K
Tweet Share on Facebook 11:19AM November 01, 2012 CommentWASHINGTON (AP) — Applications for U.S. unemployment benefits dropped 9,000 to a seasonally adjusted 363,000 last week, a level consistent with modest hiring.
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Automakers Report Sales Increases Despite Storm
Tweet Share on Facebook 11:13AM November 01, 2012 CommentDETROIT (AP) — Major automakers are reporting sales increases for October despite losing three days of business to the punishing rain and wind from Superstorm Sandy.
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Glencore production solid despite falling prices
Tweet Share on Facebook 10:49AM November 01, 2012 CommentGENEVA (AP) — Glencore International PLC, one of the biggest traders in raw materials like metals and coal, saw its production levels rise in the third quarter despite a drop in the price of many commodities.
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Scripps Networks posts higher 3Q earnings
Tweet Share on Facebook 10:39AM November 01, 2012 CommentKNOXVILLE, Tenn. (AP) — Scripps Networks Interactive Inc., the operator of pay-TV networks such as Food Network and HGTV, said Thursday that its third-quarter net income grew 20 percent thanks to higher revenue from both advertising and distributor fees.
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Dissent hits Greek coalition before austerity vote
Tweet Share on Facebook 10:23AM November 01, 2012 CommentATHENS, Greece (AP) — Greece's troubled coalition government suffered another blow Thursday, when two members of the Socialist party quit, the latest sign of growing dissent among the ruling parties ahead of a key vote next week on austerity measures.
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Hit by crisis, Greek society in free-fall
Tweet Share on Facebook 10:20AM November 01, 2012 CommentATHENS, Greece (AP) — A sign taped to a wall in an Athens hospital appealed for civility from patients. "The doctors on duty have been unpaid since May," it read, "Please respect their work."
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ADP Says U.S. Businesses Added 158,000 Jobs in October
Tweet Share on Facebook 9:52AM November 01, 2012 Comment
In this Nov. 5, 2009 photo, Jahaira Perez, right, and Takela Lawrence, second from right, both of Providence, R.I., examine job listings at a state managed employment center, in Providence. Unemployment worsened or stayed the same in most metro areas in October, the Labor Department said Wednesday, Dec. 2, 2009, as jobs remained scarce nationwide.
Payroll provider ADP said on Thursday that businesses added 158,000 jobs in October, picking up the pace set in the previous month.
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$100M pledged to US-Israeli electric car venture
Tweet Share on Facebook 9:26AM November 01, 2012 CommentJERUSALEM (AP) — U.S.-Israeli electric car venture Better Place says investors have pledged it $100 million in additional financing.
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US futures rise on earnings and jobs data
Tweet Share on Facebook 9:17AM November 01, 2012 CommentNEW YORK (AP) — Futures rose Thursday after a pair of employment reports and also some strong numbers from another U.S automaker.
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Czech central bank cuts interest rate to 0.05 pct
Tweet Share on Facebook 9:09AM November 01, 2012 CommentPRAGUE (AP) — The Czech Republic's central bank has cut its key interest rate to 0.05 percent — a new record low since the country was formed in 1993 after the breakup of Czechoslovakia.
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Ford to hold conference call, may reveal CEO plan
Tweet Share on Facebook 7:43AM November 01, 2012 CommentDETROIT (AP) — Ford has scheduled a conference call for Thursday morning and may announce a succession plan for CEO Alan Mulally.
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NYC's 3 airports all due to open after Sandy
Tweet Share on Facebook 7:19AM November 01, 2012 CommentNew York's three major airports will be operating under reduced schedules on Thursday as flight services start returning to normal following Superstorm Sandy.
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US awards $26M for Jordan's new air control system
Tweet Share on Facebook 7:17AM November 01, 2012 CommentAMMAN, Jordan (AP) — The U.S. Air Force has awarded Lockheed Martin Corp. a $26 million foreign military sales contract to modernize the Jordanian air force's air command, control and communications infrastructure.
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Russia's Rosneft sees Q3 profit double
Tweet Share on Facebook 6:51AM November 01, 2012 CommentMOSCOW (AP) — Russia's largest oil company Rosneft said Thursday that it doubled its profit in the third quarter of the year thanks to strong sales and higher oil prices.
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Mood of the Nation: Struggling but seeking no help
Tweet Share on Facebook 6:38AM November 01, 2012 CommentCHARLOTTE, N.C. (AP) — On the eve of the 2012 elections, The Associated Press interviewed dozens of Americans to try to gauge the economic mood of the nation. People were asked about jobs, housing, gas prices, retirement and other issues. Among them was Ray Arvin, 47, of Mineral Springs, N.C., outside Charlotte. Arvin has struggled financially since a business he owned that supplied the power and aviation industries collapsed in 2009. He worries about his future and about the direction of the federal government.
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French firm: 7 kidnapped sailors freed in Nigeria
Tweet Share on Facebook 5:33AM November 01, 2012 CommentLAGOS, Nigeria (AP) — Kidnappers freed six Russian sailors and an Estonian who had been abducted from a ship off Nigeria's southern delta, a French oil and gas services company and the military said Thursday.
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Lower oil prices weigh on Shell in Q3
Tweet Share on Facebook 5:24AM November 01, 2012 CommentAMSTERDAM (AP) — Royal Dutch Shell PLC saw its core earnings fall 15 percent in the third quarter on the back of lower oil and gas prices and insisted that its strategy to boost production was on track despite failing to strike oil in Alaska before the onset of winter.
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Lloyds Bank Q3 loss down despite $1.6 billion hit
Tweet Share on Facebook 5:00AM November 01, 2012 CommentLONDON (AP) — Part-nationalized Lloyds Banking Group provided further evidence Thursday that it was getting its business back on track, even though it set aside another 1 billion pounds ($1.6 billion) to pay claims for mis-selling payment protection insurance.
