Business News
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Toyota to recall Lexus SUVs to fix floor mat
Tweet Share on Facebook 4:45PM June 29, 2012 CommentDETROIT (AP) — Toyota's problems with runaway acceleration just won't go away.
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Hillshire Brands gains in debut after spinoff
Tweet Share on Facebook 4:32PM June 29, 2012 CommentNEW YORK (AP) — Hillshire Brands Inc. gained on its debut on the New York Stock Exchange Friday after emerging from Sara Lee Corp.
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White House wants Hill Democrats to fight on taxes
Tweet Share on Facebook 3:47PM June 29, 2012 CommentWASHINGTON (AP) — The White House is urging congressional Democrats to engage Republicans in a fight over taxes, pressing them to go on the offensive after the Supreme Court's health care decision gave prominence to the issue.
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AOL promotes exec to organize company into 3 units
Tweet Share on Facebook 3:25PM June 29, 2012 CommentNEW YORK (AP) — AOL is promoting its head financial officer to chief operating officer. The company has tasked him with organizing the online media conglomerate into three divisions.
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A look at EU summit decisions and Merkel's stances
Tweet Share on Facebook 2:24PM June 29, 2012 CommentBERLIN (AP) — Victor or vanquished: Merkel's stances ahead of the EU summit and what was decided.
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Merkel Defends Concessions in Euro Crisis
Tweet Share on Facebook 2:05PM June 29, 2012 Comment
German Chancellor Angela Merkel in Stralsund, Germany.
BERLIN (AP) — Chancellor Angela Merkel defended concessions she made at a European Union summit, telling German lawmakers on Friday that help to struggling countries and banks will still come with strings attached and insisting that some decisions were misunderstood.
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Peter Madoff Blames Brother, Pleads Guilty in NYC
Tweet Share on Facebook 1:50PM June 29, 2012 Comment
Peter Madoff, brother of Bernard Madoff, attends his court hearing before judge Stephen Bucaria at Mineola State Supreme Court, in Mineola, N.Y. The younger brother of a man who became an icon for financial crime after the economy collapsed in 2008 is poised to plead guilty to criminal charges, taking his place in history alongside Bernard Madoff, the sibling he shared an office with for decades.
NEW YORK (AP) — The younger brother and business partner of disgraced financier Bernard Madoff pleaded guilty Friday to charges he doctored documents, but insisted he knew nothing about his brother's historic Ponzi scheme and was "in total shock" when he found out about it.
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AB InBev to buy out Modelo for $20.1 billion
Tweet Share on Facebook 1:43PM June 29, 2012 CommentBRUSSELS (AP) — Anheuser-Busch InBev agreed Friday to buy the half of Corona maker Grupo Modelo it doesn't already own for $20.1 billion in cash, in a deal that will greatly increase the size and dominance of the world's largest brewer.
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Spanish govt bailout less likely after EU measures
Tweet Share on Facebook 1:17PM June 29, 2012 CommentMADRID (AP) — The risk of Spain having to ask for a government bailout that would strain Europe's finances eased Friday after the continent's leaders agreed to give rescue loans directly to the nation's hurting banks, without adding to public debt.
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Wait for it: Earth adds leap second Saturday night
Tweet Share on Facebook 1:04PM June 29, 2012 CommentWASHINGTON (AP) — Saturday night will stretch longer by a second. A leap second.
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Cybercrime disclosures rare despite new SEC rule
Tweet Share on Facebook 12:44PM June 29, 2012 CommentWASHINGTON (AP) — Hackers broke into computers at hotel giant Wyndham Worldwide Corp. three times in two years and stole credit card information belonging to hundreds of thousands of customers. Wyndham didn't report the break-in in corporate filings even though the Securities and Exchange Commission wants companies to inform investors of cybercrimes.
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Italy celebrates a magical night against Germany
Tweet Share on Facebook 12:30PM June 29, 2012 CommentROME (AP) — It was Italy's night against the Germans, on and off the field.
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USDA increases planted corn estimate to 96M acres
Tweet Share on Facebook 12:03PM June 29, 2012 CommentDES MOINES, Iowa (AP) — The U.S. Department of Agriculture says farmers planted 96.4 million acres of corn this spring, up 5 percent from last year.
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Europe summit surprises with bold moves
Tweet Share on Facebook 11:58AM June 29, 2012 CommentBRUSSELS (AP) — After 18 disappointing summits since the start of the debt crisis, Europe's leaders appeared Friday to have finally come up with quick fixes and long-term plans that show they are serious about restoring confidence in their currency union.
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Agriculture secretary presses House on farm bill
Tweet Share on Facebook 11:22AM June 29, 2012 CommentWASHINGTON (AP) — Agriculture Secretary Tom Vilsack on Friday urged the Republican-led House to vote on a long-term farm policy bill, saying failure to act could leave livestock producers exposed to disasters and other farmers uncertain about the future.
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Europe Summit Surprises With Bold Moves
Tweet Share on Facebook 10:47AM June 29, 2012 Comment
German Chancellor Angela Merkel in Stralsund, Germany.
BRUSSELS (AP) — After 18 disappointing summits since the start of the debt crisis, Europe's leaders appeared Friday to have finally come up with quick fixes and long-term plans that show they are serious about restoring confidence in their currency union.
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U.S. Consumer Sentiment at Lowest Level for Year
Tweet Share on Facebook 10:42AM June 29, 2012 Comment
Vanessa Loren shops in Miami, Fla.
WASHINGTON (AP) — A measure of U.S. consumer sentiment fell in June to the lowest level for 2012, dragged down by a sluggish job market and weak growth.
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Gazprom's new pipeline may reach Great Britain
Tweet Share on Facebook 10:40AM June 29, 2012 CommentMOSCOW (AP) — Russian gas giant Gazprom may extend its Baltic pipeline project to reach Great Britain, the Kremlin-controlled company's chief executive said Friday.
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Dollars & Scents: Coty plans to raise $700M in IPO
Tweet Share on Facebook 10:30AM June 29, 2012 CommentNEW YORK (AP) — Coty Inc., known for its celebrity fragrances and OPI nail polish, is set to put its best face forward on the stock market. The beauty products maker is planning to raise $700 million in an initial public offering, moving on after dropping a $10.7 billion takeover bid for its much larger rival, Avon.
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Court Won't Hear Jackson 'Wardrobe Malfunction' Appeal
Tweet Share on Facebook 10:20AM June 29, 2012 Comment
Singer Janet Jackson attends photographer Marco Glaviano's "Supermodels" exhibition at the Keszler Gallery, in New York.
WASHINGTON (AP) — The Supreme Court won't hear the government's request to reinstate a $550,000 fine for CBS for Janet Jackson's infamous "wardrobe malfunction."
