Business News
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NY comptroller: Wall Street health still volatile
Tweet Share on Facebook 3:36PM October 09, 2012 CommentALBANY, N.Y. (AP) — Although profits continue to grow on a still rocky Wall Street, jobs are declining along with tax revenue that's vital to the state and New York City, according to a key annual earnings and employment report released Tuesday by New York state Comptroller Thomas DiNapoli.
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Oil price soars on supply jitters
Tweet Share on Facebook 3:13PM October 09, 2012 CommentNEW YORK (AP) — The price of oil rose more than 3 percent Tuesday on concerns about supplies from the Middle East and the North Sea.
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Civil war leaves Syrian economy, cities in ruins
Tweet Share on Facebook 2:58PM October 09, 2012 CommentBEIRUT (AP) — In Syria's cities and towns, entire blocks of apartment buildings have been shattered, their top floors reduced to pancaked slabs of concrete.
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NBC regroups under Comcast with new cuts, spending
Tweet Share on Facebook 1:57PM October 09, 2012 CommentLOS ANGELES (AP) — NBC slashes Jay Leno's "Tonight" pay in half, but forks out more than $8 billion to renew its broadcast rights to Sunday Night Football.
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Merkel gets a hostile reception on Greek visit
Tweet Share on Facebook 1:23PM October 09, 2012 CommentATHENS, Greece (AP) — German Chancellor Angela Merkel got a hostile reception from many ordinary Greeks Tuesday when she flew into Athens on her first visit to the country since its debt crisis erupted three years ago.
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Lebanon airline employee disciplined over remark
Tweet Share on Facebook 12:50PM October 09, 2012 CommentBEIRUT (AP) — An official said Tuesday that an employee of Lebanon's national airline MEA was fired after a passenger complained in a social media campaign that the worker humiliated travelers from the Philippines at the Beirut airport and told them over the loudspeaker, "Filipino people, stop talking."
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Wal-Mart tests same-day delivery for holidays
Tweet Share on Facebook 12:21PM October 09, 2012 CommentNEW YORK (AP) — Wal-Mart is testing a same-day delivery service in select markets for customers who buy popular items online during the holiday shopping season.
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Economic Uncertainty Hurts Business Travel
Tweet Share on Facebook 12:19PM October 09, 2012 CommentNEW YORK (AP) — U.S. companies are continuing to cut back on employee travel plans amid uncertainty surrounding the health of the economy.
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Bill Gates in Abu Dhabi: I'll Never Run for Office
Tweet Share on Facebook 10:11AM October 09, 2012 Comment
Microsoft founder Bill Gates speaks during the opening session of the Abu Dhabi Media Summit on Oct. 9, 2012.
Microsoft founder insists he can have more impact with the Bill & Melinda Gates Foundation
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US report highlights unease about Chinese firms
Tweet Share on Facebook 10:05AM October 09, 2012 CommentBEIJING (AP) — Eager to expand in the United States, China's biggest technology companies face an America anxious about threats to jobs and national security.
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Rise in California gas price slows, remains record
Tweet Share on Facebook 9:52AM October 09, 2012 CommentSAN FRANCISCO (AP) — The rise in California gasoline prices has slowed after recent jarring increases, but nonetheless the cost of a gallon inched up to another record high, even as officials hope their emergency action will help ease the sticker shock.
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A weak open on Wall Street on gloomy IMF forecast
Tweet Share on Facebook 9:42AM October 09, 2012 CommentAnother dire prediction about global economic growth is sending stocks lower on Wall Street in early trading.
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Cytec to sell coating resins business for $1.03B
Tweet Share on Facebook 9:39AM October 09, 2012 CommentWOODLAND PARK, N.J. (AP) — Chemical coating maker Cytec Industries Inc. said Tuesday it has agreed to sell its coating resins business to private equity firm Advent International for $1.03 billion.
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US futures mixed ahead of US earnings season
Tweet Share on Facebook 9:18AM October 09, 2012 CommentNEW YORK (AP) — Stock futures were mixed Tuesday with a new outlook on the global economic landscape y providing markets with fewer reasons to overlook what is likely to be a weak quarter for many of the biggest U.S. corporations.
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Restaurant chain Steak 'n Shake targets Mideast
Tweet Share on Facebook 9:03AM October 09, 2012 CommentDUBAI, United Arab Emirates (AP) — Steak 'n Shake, a gathering place on many a Midwest roadside, is heading to the Mideast.
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Julius Baer eyes 1,000 job cuts after Merrill deal
Tweet Share on Facebook 8:47AM October 09, 2012 CommentGENEVA (AP) — Swiss private bank Julius Baer says it plans to cut about 1,000 jobs from Merrill Lynch's wealth management operations outside the United States following a deal to buy the unit from Bank Of America.
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TNK-BP's Russian shareholders may sell out
Tweet Share on Facebook 8:31AM October 09, 2012 CommentMOSCOW (AP) — BP's billionaire Russian partners in TNK-BP indicated on Tuesday that they are considering selling their stake in the oil joint venture or disposing of it through an IPO.
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China consumers spurn Japan cars amid islands row
Tweet Share on Facebook 7:56AM October 09, 2012 CommentTOKYO (AP) — Sales of Japanese vehicles nosedived in China during September as anti-Japanese sentiment flared over a territorial dispute that threatens to hobble what was a booming business relationship between Japan and its biggest export market.
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IEA optimistic about future of Iraq oil industry
Tweet Share on Facebook 7:40AM October 09, 2012 CommentThe International Energy Agency predicted Tuesday that Iraq will consolidate its position as a global oil power — allowing it to rebuild the economy of a nation ravaged by war and decades of Saddam Hussein's autocratic rule.
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Draghi: Europe needs single bank bailout fund
Tweet Share on Facebook 7:14AM October 09, 2012 CommentFRANKFURT, German (AP) — European Central Bank President Mario Draghi is urging eurozone leaders to move ahead quickly and put the ECB in charge of supervising banks — a key step in overcoming the continent's crisis over too much government debt.
