Business News
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Macau police arrest 150 in casino raids
Tweet Share on Facebook 6:05AM August 06, 2012 CommentHONG KONG (AP) — Macau police said Monday they arrested 150 people in raids at casinos and hotels across the Chinese territory following a spate of violence that raised fears of a revival of gang warfare in the world's most lucrative gambling market.
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World stocks rise as US jobs picture improves
Tweet Share on Facebook 10:48PM August 05, 2012 CommentBANGKOK (AP) — World stock markets rose Monday, boosted by stronger-than-expected U.S. hiring for July following three months of weak job gains.
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Southwest pays refunds after computer glitch
Tweet Share on Facebook 7:32PM August 05, 2012 CommentDALLAS (AP) — Southwest Airlines said Sunday it has begun filing refunds to customers who were accidentally billed multiple times for a single flight, after a half-price online ticket promotion backfired.
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Report: Knight secures $400M rescue from investors
Tweet Share on Facebook 7:14PM August 05, 2012 CommentWASHINGTON (AP) — Knight Capital Group reportedly has a deal to secure $400 million in financing that may enable it to avoid bankruptcy, days after a disastrous software glitch shook stock trading and jeopardized its future.
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Minister defends decision to greet Rupert Murdoch
Tweet Share on Facebook 6:46PM August 05, 2012 CommentLONDON (AP) — A top British official insists he was simply being polite by greeting media tycoon Rupert Murdoch at the Olympic Aquatics Center after being criticism from opposition lawmakers.
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'Dark Knight' on top for third straight week
Tweet Share on Facebook 3:19PM August 05, 2012 CommentLOS ANGELES (AP) — "The Dark Knight Rises" topped the box office for the third week in a row, making $36.4 million this past weekend.
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Social Security not deal it once was for workers
Tweet Share on Facebook 3:10PM August 05, 2012 CommentWASHINGTON (AP) — People retiring today are part of the first generation of workers who have paid more in Social Security taxes during their careers than they will receive in benefits after they retire. It's a historic shift that will only get worse for future retirees, according to an analysis by The Associated Press.
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Planned expat fee is talk of the Cayman tax haven
Tweet Share on Facebook 2:02PM August 05, 2012 CommentGEORGE TOWN, Cayman Islands (AP) — One among thousands of lawyers, accountants and other workers from around the globe, Paul Fordham is escaping cold weather and the taxman by working in a sunny British territory in the Caribbean. He and many others, however, worry they soon may be looking for another haven.
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Bonds retain appeal, despite rock-bottom yields
Tweet Share on Facebook 1:11PM August 05, 2012 CommentWASHINGTON (AP) — Bond yields are scraping along at record lows, but investors keep buying them, valuing the modest, fixed returns they pay over the bigger potential profits offered by stocks.
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A year later, S&P downgrade of US looks like a dud
Tweet Share on Facebook 12:48PM August 05, 2012 CommentWASHINGTON (AP) — The rating agency Standard & Poor's stunned the world a year ago by stripping the U.S. government of its prized AAA bond rating.
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Monti warns euro crisis threatens EU as a whole
Tweet Share on Facebook 11:47AM August 05, 2012 CommentBERLIN (AP) — Italy's prime minister has warned that the eurozone's sprawling debt crisis has created resentment amid the bloc's nations, which could ultimately trigger a breakup of the wider European Union.
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Italy bank chief: No need now for rescue aid
Tweet Share on Facebook 11:16AM August 05, 2012 CommentROME (AP) — Italy's central bank chief says there's no need "at the moment" to request help from European funds to fight soaring borrowing costs.
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Draghi wins 1 vs. Bundesbank; but it's not over
Tweet Share on Facebook 10:32AM August 05, 2012 CommentFRANKFURT, Germany (AP) — When he announced the European Central Bank's latest plans to drive down borrowing costs crippling Spain and Italy, ECB President Mario Draghi showed he was willing to overrule one of the most influential members of the bank's governing council — Germany's Bundesbank.
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Obama embraces health care law after court ruling
Tweet Share on Facebook 9:55AM August 05, 2012 CommentWASHINGTON (AP) — President Barack Obama, emboldened by the Supreme Court's affirmation of his health care overhaul, is now embracing the law while campaigning for re-election, just as Republican rival Mitt Romney steps back from it.
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Southwest says computer glitch caused ticket woes
Tweet Share on Facebook 9:05PM August 04, 2012 CommentDALLAS (AP) — Southwest Airlines' attempt to thank its Facebook friends with a half-price ticket sale backfired when customers were inadvertently billed multiple times for a single flight — they're not feeling the "luv."
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US Bank ATMs back online after 2-hour power outage
Tweet Share on Facebook 2:15PM August 04, 2012 CommentMINNEAPOLIS (AP) — U.S. Bancorp says service has been restored at its 8,000 automatic teller machines across the nation following a two-hour outage.
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Obama turns 51; plays golf, will go to Camp David
Tweet Share on Facebook 10:53AM August 04, 2012 CommentWASHINGTON (AP) — President Barack Obama celebrated his 51st birthday Saturday with a round of golf and plans for a quiet weekend at Camp David, taking a break from campaigning three months before Election Day.
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Congress breaks for 5 weeks, but much work undone
Tweet Share on Facebook 9:08AM August 04, 2012 CommentWASHINGTON (AP) — Congress' performance matches its approval rating — abysmal.
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Berkshire Hathaway's 2Q profit declines 9 percent
Tweet Share on Facebook 8:43PM August 03, 2012 CommentOMAHA, Neb. (AP) — Second-quarter profits at Warren Buffett's Berkshire Hathaway Inc. fell 9 percent because of bigger paper losses on derivatives the company sold, but many of its subsidiaries performed well.
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Failure of bank in Illinois brings '12 total to 40
Tweet Share on Facebook 7:29PM August 03, 2012 CommentWASHINGTON (AP) — Regulators have closed a small bank in Illinois, bringing to 40 the number of U.S. bank failures this year.
