Business News
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Top UK police officers probed over phone hacking
Tweet Share on Facebook 12:32PM June 28, 2012 CommentLONDON (AP) — Britain's police watchdog said Thursday that it was investigating two senior police officers whose force failed to act on information that could have blown open the phone hacking scandal well before it erupted last year.
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News Corp Announces Plans to Split
Tweet Share on Facebook 12:22PM June 28, 2012 Comment
The News Corporation building in New York.
NEW YORK (AP) — Calling it the next logical step in a near six-decade evolution, Rupert Murdoch's News Corp. said Thursday that it plans to split into two separate publicly traded companies.
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Stocks Drop After Health Care Law is Upheld
Tweet Share on Facebook 11:54AM June 28, 2012 Comment
Demonstrators react to the Supreme Court landmark decision on health care, Thursday, June 28, 2012, outside the court in Washington.
NEW YORK (AP) — Stocks are dropping sharply after the Supreme Court upheld the central provision of President Barack Obama's health care overhaul, a requirement that almost all Americans carry health insurance.
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IMF open to negotiating terms of Greece's bailout
Tweet Share on Facebook 11:52AM June 28, 2012 CommentWASHINGTON (AP) — The International Monetary Fund is open to adjusting the terms of a Greek bailout and will send a team to Greece next week to meet with the new government.
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High Court Upholds Key Part of Obama Health Law
Tweet Share on Facebook 11:27AM June 28, 2012 Comment
Demonstrators protest as they await a decision by the Supreme Court on the constitutionality of the Affordable Healthcare Act.
WASHINGTON (AP) — The Supreme Court on Thursday upheld the vast majority of President Barack Obama's historic health care overhaul, including the hotly debated core requirement that virtually all Americans have health insurance.
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The History of the U.S. Health Care Reform Effort
Tweet Share on Facebook 11:23AM June 28, 2012 Comment
Demonstrators protest as they await a decision by the U.S. Supreme Court on the constitutionality of the Affordable Healthcare Act.
WASHINGTON (AP) — The Supreme Court's decision to uphold President Barack Obama's health care law follows a century of debate over what role the government should play in helping people in the United States afford medical care. A look at the issue through the years:
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Reid: Time for Congress to deal with other matters
Tweet Share on Facebook 11:11AM June 28, 2012 CommentWASHINGTON (AP) — Senate Majority Leader Harry Reid is pleased by the Supreme Court's ruling in the health care case, and says it's time now for Congress to move on to other business.
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Boehner: Health ruling shows need to repeal law
Tweet Share on Facebook 10:59AM June 28, 2012 CommentWASHINGTON (AP) — House Speaker John Boehner says the Supreme Court ruling upholding the individual insurance requirement at the heart of President Barack Obama's health care overhaul shows the need to repeal the law.
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Opel approves plan to cut costs, boost brand
Tweet Share on Facebook 10:53AM June 28, 2012 CommentFRANKFURT, Germany (AP) — GM's struggling European unit Opel says its board of directors has signed off on a turnaround plan that envisages cost cuts, new models and efforts to win new export sales.
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NYTimes starts Chinese site; microblogs go offline
Tweet Share on Facebook 10:50AM June 28, 2012 CommentBEIJING (AP) — The New York Times started a Chinese-language website Thursday, generating so much interest in China that thousands of followers flocked to two of its microblogs accounts. Both were apparently taken offline for several hours, but it was not clear if government interference was the reason.
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US 30-year mortgage rate stays at record 3.66 pct.
Tweet Share on Facebook 10:16AM June 28, 2012 CommentWASHINGTON (AP) — The average U.S. rate on the 30-year fixed mortgage stayed this week at the lowest level on record. Cheap mortgages have helped drive a modest housing recovery and could give the broader economy a jolt at a time when the job market is weak.
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US economy grew at modest 1.9 percent rate
Tweet Share on Facebook 9:37AM June 28, 2012 CommentWASHINGTON (AP) — The U.S. economy expanded at a 1.9 percent annual rate in the first three months of the year, a weak pace that few economists see changing much this year.
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Kazakhs buy 10 pct stake in major energy project
Tweet Share on Facebook 6:31AM June 28, 2012 CommentALMATY, Kazakhstan (AP) — Kazakhstan concluded the acquisition Thursday of a 10 percent stake in one of the largest oil and gas projects in the world.
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HK stock market in venture with Chinese exchanges
Tweet Share on Facebook 6:14AM June 28, 2012 CommentHONG KONG (AP) — Hong Kong's stock exchange operator said Thursday it's setting up a joint venture with mainland Chinese bourses to develop new products as it seeks to raise competitiveness and strengthen ties with markets in the world's second biggest economy.
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Fears, hopes grow for Sony under new president
Tweet Share on Facebook 4:22AM June 28, 2012 CommentTOKYO (AP) — The record 9,000 shareholders that packed Sony's annual meeting was no cause for celebration. After four years of losses and a halving of the share price, some angry investors doubt even a new CEO can pull the entertainment and electronics giant out of its slump.
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Student Loan, Roads Bill Poised For Final Passage
Tweet Share on Facebook 3:00AM June 28, 2012 CommentWASHINGTON (AP) — Hoping to avert the kind of headlines politicians dread, congressional leaders are aiming for final passage by week's end of legislation reshaping federal transportation programs and preventing a doubling of interest rates for millions of new student loans.
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Colleges move toward absolute bans on smoking
Tweet Share on Facebook 2:47AM June 28, 2012 CommentCOLUMBUS, Ohio (AP) — As a political science major at Ohio State University, Ida Seitter says, she lit up many a cigarette to help her through the stress of exam season. Right or wrong, they were her security blanket as she toiled through college.
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Palm oil giant Felda soars in stock market debut
Tweet Share on Facebook 1:36AM June 28, 2012 CommentKUALA LUMPUR, Malaysia (AP) — Shares of Malaysian palm oil giant Felda soared as much as 20 percent in their first day of trading Thursday, overcoming weakness in global stock markets after the company completed the world's biggest IPO this year after Facebook.
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Yahoo teams up with Clear Channel, iHeart Radio
Tweet Share on Facebook 1:19AM June 28, 2012 CommentLOS ANGELES (AP) — Yahoo is teaming up with radio station giant Clear Channel, expanding on its strategy to offer exclusive content to counter Facebook and Google in the competition for Internet advertising dollars.
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Google's futuristic glasses move closer to reality
Tweet Share on Facebook 12:07AM June 28, 2012 CommentSAN FRANCISCO (AP) — Google helped create a world brimming with digital distractions for people spending more of their lives tethered to the Internet. It's a phenomenon that seems unlikely to change so Google is working on a way to search for information, read text messages, watch online video and post photos on social networks without having to fumble around with a hand-held device.
