Business News
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Thousands of Greeks protest planned pay cuts
Tweet Share on Facebook 2:26PM September 06, 2012 CommentATHENS, Greece (AP) — Thousands of police marched through Athens on Thursday, chanting "thieves, thieves" and carrying black flags, to oppose planned pay cuts under a huge new austerity package meant to save Greece from defaulting on its mountain of debt.
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Business group: Beijing should curb state industry
Tweet Share on Facebook 2:24PM September 06, 2012 CommentBEIJING (AP) — A European business group appealed to China on Thursday to curb state industry as a new generation of Communist Party leaders takes power, adding to warnings the government-dominated economy needs sweeping reforms to keep growth high.
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Spanish, German leaders search for common ground
Tweet Share on Facebook 2:10PM September 06, 2012 CommentMADRID (AP) — For months, Spanish Prime Minister Mariano Rajoy and German Chancellor Angela Merkel have been at odds over how eurozone countries could defeat the 17-nation bloc's relentless financial crisis.
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Nokia apologizes for video gaffe
Tweet Share on Facebook 1:40PM September 06, 2012 CommentHELSINKI (AP) — A Nokia commercial showcasing the photo and video functions of its latest smartphone has turned into a blurry episode for the cellphone maker.
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Ford unveils 15 fresh models for European market
Tweet Share on Facebook 1:25PM September 06, 2012 CommentMILAN (AP) — Ford Motor Co. on Thursday unveiled 15 new or restyled vehicles for the European market that it will launch over five years to revive slumping sales.
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Google picks Chile for its Latin America servers
Tweet Share on Facebook 12:50PM September 06, 2012 CommentSANTIAGO, Chile (AP) — Google Inc. has chosen a site just outside the capital of Chile for its first data center in Latin America.
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EU: Anti-dumping probe into China solar panels
Tweet Share on Facebook 12:10PM September 06, 2012 CommentBRUSSELS (AP) — The European Union launched an anti-dumping probe into Chinese solar panels on Thursday after an industry association claimed the products were being exported for less than it costs to make them.
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US service firms grew at faster pace in August
Tweet Share on Facebook 11:45AM September 06, 2012 CommentWASHINGTON (AP) — U.S. service companies expanded at a faster pace in August than July, helped by stronger hiring. The growth at firms that employ roughly 90 percent of the work force suggests the economy is slowly improving.
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Key quotes from ECB head Draghi's press briefing
Tweet Share on Facebook 11:43AM September 06, 2012 CommentFRANKFURT, Germany (AP) — European Central Bank President Mario Draghi unveiled a new program Thursday to buy government bonds to bring down the borrowing costs of some countries.
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Realty Income buying American Realty Capital
Tweet Share on Facebook 10:57AM September 06, 2012 CommentNEW YORK (AP) — Real estate investment trust Realty Income is buying American Realty Capital Trust Inc. for about $1.9 billion in stock.
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Analyst responses to ECB's new bond-buying plan
Tweet Share on Facebook 10:30AM September 06, 2012 CommentLONDON (AP) — On Thursday, Mario Draghi, the president of the European Central Bank, unveiled a package of measures that is designed to ease the strains in Europe's debt crisis and secure the future of the euro currency.
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Lonmin signs deal without striking union, miners
Tweet Share on Facebook 10:14AM September 06, 2012 CommentJOHANNESBURG (AP) — Managers of a platinum mine where South African police killed 34 striking workers signed a peace deal Thursday with main labor unions but a breakaway union and the strikers themselves rejected it.
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US hiring outlook improves as jobless claims drop
Tweet Share on Facebook 10:12AM September 06, 2012 CommentWASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week, and a private survey showed businesses stepped up hiring in August. The data sketched a brighter outlook for the job market one day before the government reports on August employment.
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Key ECB steps to combat Europe's debt crisis
Tweet Share on Facebook 9:04AM September 06, 2012 CommentFRANKFURT, Germany (AP) — Here are some of the key steps the European Central Bank has taken to ease Europe's financial crisis and provide a spark to the weak economy.
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Text of the speech by ECB President Mario Draghi
Tweet Share on Facebook 9:02AM September 06, 2012 CommentFRANKFURT, Germany (AP) — Ladies and gentlemen, the Vice-President and I are very pleased to welcome you to our press conference. We will now report on the outcome of today's meeting of the Governing Council, which was also attended by the President of the Eurogroup, Prime Minister Juncker, and by the Commission Vice-President, Mr Rehn.
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Small theaters struggle as Hollywood goes digital
Tweet Share on Facebook 8:57AM September 06, 2012 CommentCRETE, Neb. (AP) — The Isis Theatre hasn't changed much since it opened 86 years ago in southeast Nebraska, a stone's throw from the grain elevator and railroad tracks that cut through town.
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AIG to sell $2B in AIA shares, repay US gov't
Tweet Share on Facebook 8:41AM September 06, 2012 CommentNEW YORK (AP) — Insurance giant American International Group Inc. said Thursday that it's selling part of its stake in Asian insurer AIA Group Ltd. and plans to pay off more of its loans from the U.S. government.
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Survey: US businesses added 201K jobs in August
Tweet Share on Facebook 8:27AM September 06, 2012 CommentWASHINGTON (AP) — A private survey shows U.S. businesses stepped up hiring in August, an encouraging sign ahead of Friday's government employment report.
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Spain's Repsol finds gas in Peru's Amazon region
Tweet Share on Facebook 7:53AM September 06, 2012 CommentMADRID (AP) — Spanish energy company Repsol said Thursday that it has made a significant natural gas find in the Amazon region of the South American country of Peru.
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China approves 25 subway projects in stimulus move
Tweet Share on Facebook 7:41AM September 06, 2012 CommentBEIJING (AP) — China's government has approved construction of 25 subway projects in a new move to stimulate its slowing economy.
