Business News
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UnitedHealth plans to keep overhaul elements
Tweet Share on Facebook 1:42PM June 11, 2012 CommentInsurer UnitedHealth Group Inc. sees some parts of the health care overhaul as sound medicine and plans to keep them even if the law fails to survive an upcoming Supreme Court ruling.
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Key senator wants tax overhaul to reduce deficits
Tweet Share on Facebook 1:09PM June 11, 2012 CommentWASHINGTON (AP) — An overhaul of the nation's tax code should raise additional revenue to reduce massive budget deficits and should help strengthen the economy, the Senate's top tax-writer said Monday.
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A look at how European economies compare
Tweet Share on Facebook 12:23PM June 11, 2012 CommentLONDON (AP) — Spain has become the fourth country in the 17-member eurozone — after Greece, Ireland and Portugal — to seek foreign aid to cope with the impact of the continent's financial crisis. Here's a look at how economies and public finances compare across the euro currency bloc.
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Market relief rally on Spain rescue fades
Tweet Share on Facebook 12:19PM June 11, 2012 CommentBRUSSELS (AP) — A global market rally over a promised European bailout of Spanish banks faded on Monday, as investors worried the country might have trouble paying the money back.
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FACT CHECK: Looming tax hike not the biggest ever
Tweet Share on Facebook 12:17PM June 11, 2012 CommentWASHINGTON (AP) — Republicans are calling it "Taxmageddon," the big tax increase awaiting nearly every American family at the end of the year, when a long list of tax cuts is scheduled to expire unless Congress acts.
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Romania's government does well in local elections
Tweet Share on Facebook 12:03PM June 11, 2012 CommentBUCHAREST, Romania (AP) — Bolstered by what appeared to be a strong showing in local elections, Romania's governing coalition promised on Monday to raise the salaries of some public employees to help ease the pain of austerity measures the country imposed to win its IMF loan.
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US Internet advertising spending hits $8.4B in 1Q
Tweet Share on Facebook 11:59AM June 11, 2012 CommentNEW YORK (AP) — An advertising industry group says revenue from Internet advertising in the U.S. hit $8.4 billion in the first three months of the year.
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Investors see Spain rescue as only 'temporary fix'
Tweet Share on Facebook 11:21AM June 11, 2012 CommentNEW YORK (AP) — Investors aren't sold on a rescue of Spanish banks.
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Italy stuck in recession, feels market pressure
Tweet Share on Facebook 11:01AM June 11, 2012 CommentMILAN (AP) — The confirmation on Monday that Italy's recession is deepening heightens pressure on Premier Mario Monti's government, which is struggling to fend off the debt crisis and the perception that Italy could be next to seek a bailout following Spain's decision to ask for help for its ailing banks.
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$257 billion invested in renewable energy in 2011
Tweet Share on Facebook 10:54AM June 11, 2012 CommentGENEVA (AP) — Global investment in renewable energy reached a record of $257 billion last year, with solar attracting more than half the total spending, according to a U.N. report released Monday.
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Germany borrows at rock-bottom 0.007 percent
Tweet Share on Facebook 6:31AM June 11, 2012 CommentFRANKFURT, Germany (AP) — Germany has borrowed again at rock-bottom interest rates.
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Asia, US boost BMW sales; Europe sales down
Tweet Share on Facebook 5:31AM June 11, 2012 CommentFRANKFURT, Germany (AP) — BMW AG saw sales rise 6.4 percent in May from a year ago, as big increases in Asia and better numbers in United States overcame a dip in struggling Europe.
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Greece elections pose a crucial dilemma _ Q&A
Tweet Share on Facebook 2:51AM June 11, 2012 CommentGreeks will have to wrestle with a crucial dilemma when they go to the polls for the second time in as many months on June 17 to elect a new government.
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Apple to Show Off New Computers, iPod Software
Tweet Share on Facebook 12:19AM June 11, 2012 Comment
Apple MacBook
NEW YORK (AP) — Apple CEO Tim Cook is expected to show off new iPhone software, updated Mac computers and provide more details on future releases of Mac software when he kicks off the company's annual conference for software developers on Monday.
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Rescue loans for Spain's banks buys Europe time
Tweet Share on Facebook 12:02AM June 11, 2012 CommentWASHINGTON (AP) — A $125 billion plan to rescue Spain's banks won't solve Europe's debt crisis or ease the pain of double-digit unemployment across the continent.
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Rescue loans for Spain's banks buy Europe time
Tweet Share on Facebook 11:51PM June 10, 2012 CommentWASHINGTON (AP) — A $125 billion plan to rescue Spain's banks won't solve Europe's debt crisis or ease the pain of double-digit unemployment across the continent.
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Apple expected to show fresh software, new Macs
Tweet Share on Facebook 10:39PM June 10, 2012 CommentNEW YORK (AP) — Apple CEO Tim Cook is expected to show off new iPhone software, updated Mac computers and provide more details on future releases of Mac software when he kicks off the company's annual conference for software developers on Monday.
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Asian stocks rise, gains limited by crisis fears
Tweet Share on Facebook 10:38PM June 10, 2012 CommentHONG KONG (AP) — Asian stocks were mostly higher in choppy trading on Wednesday following a big rally in U.S. markets, though gains were limited by persistent worries over Europe's ability to contain a simmering debt crisis.
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Ex-Goldman board member won't testify at NY trial
Tweet Share on Facebook 7:39PM June 10, 2012 CommentNEW YORK (AP) — The defense lawyer for a former Goldman Sachs board member accused of insider trading notified the judge on Sunday that his client will not testify at his trial.
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Lift for markets from Spain rescue could be brief
Tweet Share on Facebook 5:27PM June 10, 2012 CommentA bailout of the crippled banks of Spain should relieve world financial markets and provide a lift for stocks in the United States, which have had a rocky six weeks because of investor concern about Europe.
