Business News
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Atlanta voters weigh tax increase to ease traffic
Tweet Share on Facebook 4:46PM July 27, 2012 CommentATLANTA (AP) — For decades, Atlanta has been the economic engine of the South, a dynamic city on the move. But if you've ever gotten behind the wheel here, it doesn't feel that way.
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Dow blows past 13,000 on hope for action in Europe
Tweet Share on Facebook 4:41PM July 27, 2012 CommentNEW YORK (AP) — Faced with Facebook, Starbucks and Angela Merkel, the market chose to focus on Merkel.
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UN treaty keeps idea alive of reversing ivory ban
Tweet Share on Facebook 4:21PM July 27, 2012 CommentGENEVA (AP) — Delegates overseeing a 175-nation endangered species treaty adopted measures Friday intended to curb smuggling of elephant ivory and rhino horn, including a new plan to eventually allow ivory to be legally traded again in global markets.
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In gay marriage fight, some brands take a stand
Tweet Share on Facebook 4:21PM July 27, 2012 CommentOLYMPIA, Wash. (AP) — Amazon.com founder Jeff Bezos waded into a developing corporate culture war over gay marriage Friday with a $2.5 million donation to keep same-sex unions legal in Washington, becoming the latest in a list of high-profile executives to take public stands on a hot election issue.
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Geithner to meet with ECB Chief Draghi next week
Tweet Share on Facebook 4:21PM July 27, 2012 CommentWASHINGTON (AP) — Treasury Secretary Timothy Geithner will meet with Mario Draghi, the head of the European Central Bank, in Germany next week. The meeting comes after Draghi sparked optimism about a resolution to Europe's financial crisis, saying he would do whatever it takes to save the euro.
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Fragile European economy dampens CEOs' outlook
Tweet Share on Facebook 4:16PM July 27, 2012 CommentNEW YORK (AP) — Deteriorating financial conditions in Europe are weighing down companies' profits. And hope of salvation from other regions — such as China, Brazil and the United States — is starting to dim as those economies weaken.
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2 Western photographers freed from Syria captivity
Tweet Share on Facebook 3:56PM July 27, 2012 CommentAMSTERDAM (AP) — Two Western photojournalists in Syria were held captive for a week by Islamic militants before being rescued by Syrian rebels, one of the men said Friday.
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IDC: Samsung extends lead in smartphones
Tweet Share on Facebook 3:51PM July 27, 2012 CommentNEW YORK (AP) — Samsung has extended its lead over Apple in smartphones, in part because its new Galaxy phones came out before Apple updated its iPhone, research group IDC said Friday.
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Oil rises on expectations for economic stimulus
Tweet Share on Facebook 3:46PM July 27, 2012 CommentNEW YORK (AP) — The price of oil climbed for a fourth day on expectations of more efforts by government officials and central bankers to help the global economy.
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Spanish unemployment hits record high 24.6 percent
Tweet Share on Facebook 3:42PM July 27, 2012 CommentMADRID (AP) — The number of people unemployed in Spain hit a record high, official figures showed Friday, as the International Monetary Fund urged European leaders to quickly fulfill their promises to help the country and the 17-country eurozone.
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Greece: State bank privatized in no-cash takeover
Tweet Share on Facebook 3:38PM July 27, 2012 CommentATHENS, Greece (AP) — Greece's troubled state-run ATEBank has been privatized after the government agreed to divide its assets and hand the lender to private Piraeus Bank at no cost.
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Apple buying AuthenTec for about $356 million
Tweet Share on Facebook 3:19PM July 27, 2012 CommentNEW YORK (AP) — Apple has agreed to buy fingerprint reader AuthenTec Inc. for approximately $356 million as the maker of iPhones and iPads looks to strengthen its digital security capabilities.
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AP NewsBreak: CNN chief Jim Walton calls it quits
Tweet Share on Facebook 3:03PM July 27, 2012 CommentNEW YORK (AP) — CNN chief Jim Walton said Friday he is quitting, saying the company needs new leadership at a time its flagship U.S. network is suffering through some of its poorest ratings ever.
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Tunisian finance minister abruptly resigns
Tweet Share on Facebook 2:53PM July 27, 2012 CommentTUNIS, Tunisia (AP) — Tunisia's finance minister has resigned, claiming he's outnumbered by a government that spends to win electoral support.
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Google: Didn't delete Street View data after all
Tweet Share on Facebook 2:36PM July 27, 2012 CommentLONDON (AP) — After being caught spying on people across Europe and Australia with its Wi-Fi-slurping Street View cars, Google had told angry regulators that it would delete the ill-gotten data.
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Delta shuts down Comair; workers given notice
Tweet Share on Facebook 2:16PM July 27, 2012 CommentCINCINNATI (AP) — Delta Air Lines is shutting down its shrunken, 35-year-old regional carrier Comair at the end of September as it switches to bigger jets and it is sending termination notices to its 1,700 remaining employees.
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Management shake-up at JPMorgan; Zames is COO
Tweet Share on Facebook 1:51PM July 27, 2012 CommentNEW YORK (AP) — JPMorgan Chase, which is reeling from the fallout of a big trading loss at one of its divisions, announced a broad reshuffling of its top management on Friday.
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Global markets extend gains after US data
Tweet Share on Facebook 1:01PM July 27, 2012 CommentLONDON (AP) — Global markets rose Friday as U.S. economic growth figures were not as bad as some had feared and the European Central Bank chief's pledge to save the euro continued to bolster sentiment.
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Court leaves ruling against big tobacco intact
Tweet Share on Facebook 12:51PM July 27, 2012 CommentWASHINGTON (AP) — A federal appeals court on Friday left intact a court judgment that ordered tobacco companies to do corrective advertising about the dangers of smoking.
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Merck's 2Q net falls on charges, but sales rise
Tweet Share on Facebook 12:48PM July 27, 2012 CommentShares of drugmaker Merck & Co. surged to a new high for the year Friday as its second-quarter results easily beat Wall Street expectations — just as generic competition is set to start decimating sales of its top-selling medicine, Singulair.
