Business News
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GM sales rise 1.5 pct. on strong car performance
Tweet Share on Facebook 10:26AM October 02, 2012 CommentDETROIT (AP) — General Motors says its U.S. sales rose 1.5 percent last month as a big jump in car sales was offset by falling truck sales.
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Measure of US home prices rises by most in 6 years
Tweet Share on Facebook 10:19AM October 02, 2012 CommentWASHINGTON (AP) — A measure of U.S. home prices jumped 4.6 percent in August compared with a year ago, the largest year-over-year increase in more than six years.
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AIG: Gov't may subject firm to greater oversight
Tweet Share on Facebook 10:17AM October 02, 2012 CommentWASHINGTON (AP) — American International Group says the government may designate the company large enough to pose a risk to the broader financial system. The label would subject the bailed-out insurance giant to greater federal oversight.
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Iraq signs deal to modernize major port in Basra
Tweet Share on Facebook 10:03AM October 02, 2012 CommentBAGHDAD (AP) — Iraq on Tuesday signed a $14 million deal with a U.S. consortium to modernize a major port in the country's southern province of Basra in a move aimed at developing key infrastructure neglected during years of war and sanctions.
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Ford's US sales flat in September
Tweet Share on Facebook 9:57AM October 02, 2012 CommentDETROIT (AP) — Ford Motor Co. says its U.S. sales were flat in September as increases in sales of cars and SUVs were weighed down by lower truck sales.
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Swiss opponents of tax deals fail to gain support
Tweet Share on Facebook 9:44AM October 02, 2012 CommentGENEVA (AP) — Opponents of Switzerland's tax agreements with Germany, Austria and Britain have failed to gather enough signatures needed to hold three popular referendums that could have defeated the deals.
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Stocks open higher as home prices rise
Tweet Share on Facebook 9:43AM October 02, 2012 CommentNEW YORK (AP) — Stocks are opening higher on Wall Street after a big jump in U.S. home prices made investors more confident that the housing market is recovering.
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Report wants EU banks to ring-fence risky business
Tweet Share on Facebook 9:33AM October 02, 2012 CommentBRUSSELS (AP) — Europe's fragile banking system should be protected by building a firewall between a lender's retail operations and its more risky trading activities and forcing executives to take losses when their banks fail, according to an expert report.
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Germany growth lower than thought, thinktank says
Tweet Share on Facebook 7:40AM October 02, 2012 CommentBERLIN (AP) — A leading German economic thinktank is lowering its growth forecasts for the country this year and next in light of the debt problems afflicting a number of euro countries.
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Portugal scraps rent controls, alarms low-earners
Tweet Share on Facebook 7:09AM October 02, 2012 CommentLISBON, Portugal (AP) — The peaceful retirement of Teresa Dourado is about to be shattered.
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India's Kingfisher halts flights for 3 days
Tweet Share on Facebook 5:42AM October 02, 2012 CommentMUMBAI, India (AP) — Kingfisher Airlines has grounded flights for at least three days after a violent strike over unpaid wages at the cash-strapped Indian carrier.
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Holiday Sales Seen Rising 4.1 Percent in 2012
Tweet Share on Facebook 3:28AM October 02, 2012 Comment
A woman carrying Christmas presents.
NEW YORK (AP) — Americans are expected to spend more during what's traditionally the busiest shopping season of the year, but they're not exactly ready to shop 'til they drop like they have been in the past two years.
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Myanmar gets its first investment bank
Tweet Share on Facebook 3:25AM October 02, 2012 CommentYANGON, Myanmar (AP) — Alisher Ali knew on the morning of his second day in Myanmar that the long-closed country was a risk worth taking. Less than two months later he moved his wife and four children to crumbling, tree-lined Yangon and opened Myanmar's first-ever investment bank with $1 million of his own money.
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Australia lowers key interest rate to 3.25 percent
Tweet Share on Facebook 2:47AM October 02, 2012 CommentSYDNEY (AP) — Australia's central bank cut its benchmark interest rate by a quarter percentage point Tuesday as a slowdown in China's economy and persistent weakness in Europe adds to uncertainty about Australia's economic outlook.
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NY AG sues JPMorgan over Bear Stearns securities
Tweet Share on Facebook 10:51PM October 01, 2012 CommentNEW YORK (AP) — The New York attorney general's office has hit JPMorgan Chase & Co. with a civil lawsuit, alleging that investment bank Bear Stearns — prior to its collapse and subsequent sale to JPMorgan in 2008 — perpetrated massive fraud in deals involving billions in residential mortgage-backed securities.
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Asia stocks gain on US manufacturing upswing
Tweet Share on Facebook 10:46PM October 01, 2012 CommentBANGKOK (AP) — Asian stock markets were boosted Tuesday by an upbeat report showing U.S. manufacturing grew in September month for the first time in four months.
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Yahoo CEO Adds Motherhood to List of Challenges
Tweet Share on Facebook 8:34PM October 01, 2012 Comment
Marissa Mayer and Zachery Bogue attend the Glamour Magazine 2009 Women of the Year Awards at Carnegie Hall in New York.
SAN FRANCISCO (AP) — Yahoo CEO Marissa Mayer gave birth to a boy late Sunday, adding motherhood to her challenges as she tries to steer the struggling Internet company in a new direction.
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American Airlines inspecting jets for loose seats
Tweet Share on Facebook 8:28PM October 01, 2012 CommentDALLAS (AP) — The federal government is examining two separate incidents in which passenger seats came loose midflight on American Airlines planes in the last three days.
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Red Lobster _ for the non-seafood lover in you
Tweet Share on Facebook 7:51PM October 01, 2012 CommentNEW YORK (AP) — Red Lobster isn't just for the seafood lover in you. It's also for that person in every group who just wants a chicken dish.
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How looming tax hikes would hit typical families
Tweet Share on Facebook 7:31PM October 01, 2012 CommentA variety of tax cuts enacted during the tenures of Presidents George W. Bush and Barack Obama expire at the end of December. Expiring provisions include Bush-era cuts on wage and investment income and cuts for married couples and families with children. Also expiring is a 2 percentage point temporary payroll tax cut.
