Business News
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Fashion show canceled after collection is lost
Tweet Share on Facebook 1:19PM October 01, 2012 CommentPARIS (AP) — There's going to be a one-hour hole in the normally tight Paris Fashion Week calendar, after representatives of label Hakaan said its entire collection had been lost.
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Merkel challenger blasts German-Swiss tax deal
Tweet Share on Facebook 1:02PM October 01, 2012 CommentBERLIN (AP) — Switzerland's efforts to safeguard what remains of its banking secrecy came under fire Monday from the man who hopes to unseat Chancellor Angela Merkel in next year's German elections.
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Bacon shortage 'baloney,' but prices to rise
Tweet Share on Facebook 12:50PM October 01, 2012 CommentST. LOUIS (AP) — Bacon lovers can relax. They'll find all they want on supermarket shelves in the coming months, though their pocketbooks may take a hit.
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US builders boost housing spending, cut elsewhere
Tweet Share on Facebook 12:01PM October 01, 2012 CommentWASHINGTON (AP) — U.S. builders spent more to construct homes in August, further evidence of a housing rebound. Still, the increase couldn't offset cuts in public projects and commercial real estate.
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Glance: Red Lobster menu, circa 1968
Tweet Share on Facebook 11:56AM October 01, 2012 CommentRed Lobster is launching its biggest menu revamp in a decade on Oct. 15. The chain plans to expand the number of non-seafood items and boost the number of lighter options it offers to broaden its appeal.
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Huge Tax Increase Looms at Year-End 'Fiscal Cliff'
Tweet Share on Facebook 11:50AM October 01, 2012 CommentWASHINGTON (AP) — A new study is detailing how taxpayers across the income spectrum would face whopping tax hikes next year if Washington fails to renew a lengthy roster of tax cuts set to expire in December.
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Small biz lending up in Aug., 2nd straight gain
Tweet Share on Facebook 11:48AM October 01, 2012 CommentNEW YORK (AP) — Business is looking a little brighter at smaller companies. A survey released Monday shows that they borrowed more money during August — a sign that business owners are becoming more confident about the economy.
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Eurozone unemployment stuck at record 11.4 pct
Tweet Share on Facebook 11:43AM October 01, 2012 CommentBRUSSELS (AP) — Unemployment across the 17 countries that use the euro remained at its record high rate of 11.4 percent in August renewing concerns that efforts to slash debts have sacrificed jobs.
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A glance at unemployment rates around the eurozone
Tweet Share on Facebook 11:20AM October 01, 2012 CommentOfficial data show that unemployment for the 17 countries that use the euro remained at its record high of 11.4 percent in August.
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EU official: Spain has not asked for bailout
Tweet Share on Facebook 11:16AM October 01, 2012 CommentMADRID (AP) — Europe's commissioner for monetary affairs, Olli Rehn, said Monday that Spain had as not yet asked for a bailout package and added that he was confident the recession-strapped country would meet its stated deficit reduction goals.
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Stocks jump following expansion in manufacturing
Tweet Share on Facebook 11:09AM October 01, 2012 CommentStocks got a boost on Wall Street from positive economic news on Monday.
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Rooftop pool, wine bar: Hotels building in Africa
Tweet Share on Facebook 10:59AM October 01, 2012 CommentNAIROBI, Kenya (AP) — The rooftop pool at Nairobi's newest high-rise hotel juts out over the edge so swimmers can peer through the glass bottom eight stories down. A new champagne bar sits nearby. IPads with detailed wine descriptions serve as menus.
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Greece recession to enter 6th year, budget shows
Tweet Share on Facebook 10:12AM October 01, 2012 CommentATHENS, Greece (AP) — Greece's brutal recession is set to extend into a sixth year in 2013, when the economy will contract by another 3.8 percent, according to forecasts in the draft budget submitted to Parliament on Monday.
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Nokia in map deal with Oracle
Tweet Share on Facebook 9:57AM October 01, 2012 CommentHELSINKI (AP) — Nokia says it will make its maps and location services available to customers of Oracle Corp. with a built-in link created by the U.S software maker.
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US stocks follow European markets higher
Tweet Share on Facebook 9:47AM October 01, 2012 CommentStock are higher a few minutes after the opening bell as investors welcomed the results of stress tanks of Spanish banks, as well as other positive news about Europe's economy.
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High court rejects challenge to roadless rule
Tweet Share on Facebook 9:47AM October 01, 2012 CommentWASHINGTON (AP) — The Supreme Court has turned away an appeal challenging a federal rule that bars development on 50 million acres of roadless areas in national forests.
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US stock futures rise on cautious Euro optimism
Tweet Share on Facebook 9:29AM October 01, 2012 CommentNEW YORK (AP) — U.S. stock market futures rose Monday, following European markets higher, as investors cautiously welcomed the result of stress tests of Spain's banks and a slight improvement in a survey of the eurozone's manufacturing sector.
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Pew: Half of US adults own tablet or smartphone
Tweet Share on Facebook 7:04AM October 01, 2012 CommentWASHINGTON (AP) — Americans' news habits are on the move.
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BAE, EADS blast merger 'myths and misconceptions'
Tweet Share on Facebook 6:07AM October 01, 2012 CommentBERLIN (AP) — The chief executives of BAE Systems PLC and EADS NV sought to drum up support Monday for the merger of their two aeronautics and defense companies in the face of growing criticism to the deal, saying in a joint newspaper article an agreement would help both organizations grow.
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Survey shows weaker confidence in Japan's economy
Tweet Share on Facebook 5:49AM October 01, 2012 CommentTOKYO (AP) — Major Japanese manufacturers are increasingly gloomy due to weakening growth at home and overseas, a quarterly survey by Japan's central bank showed Monday.
