Business News
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MF Global trustee threatens suit against Corzine
Tweet Share on Facebook 2:27PM June 04, 2012 CommentNEW YORK (AP) — Former New Jersey Gov. Jon Corzine could face a lawsuit from the trustee trying to recover $1.6 billion in customer money from the collapse of the brokerage MF Global.
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Former Golden West CEO Marion Sandler dies at 81
Tweet Share on Facebook 12:44PM June 04, 2012 CommentSAN FRANCISCO (AP) — Marion Sandler, a business executive who ran Golden West Financial Corp. with her husband for 40 years before selling the mortgage lender to Wachovia Corp. for $24 billion, has died. She was 81.
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Worries about slowing global economy pressures oil
Tweet Share on Facebook 12:27PM June 04, 2012 CommentThe price of oil moved very little Monday, coming off a week where questions about a global economic slowdown sparked an 8 percent decline.
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Obama Win Could Cost Romney $5M
Tweet Share on Facebook 12:21PM June 04, 2012 Comment
Republican presidential candidate Mitt Romney speaks during a campaign rally in Las Vegas, Nevada.
WASHINGTON (AP) — To see where the presidential candidates stand on taxing the rich, just look at how they'd tax themselves. Under his own proposal, Mitt Romney would pay half what he would under President Barack Obama's tax plan. For a man of Romney's means, that could save almost $5 million a year.
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World stocks extend fall on global growth fears
Tweet Share on Facebook 12:18PM June 04, 2012 CommentPARIS (AP) — World markets dropped on Monday, extending heavy losses last week, as another setback for the U.S. economic recovery intensified fears that a global recession was in the making.
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US stocks inch lower, calm returns to market
Tweet Share on Facebook 11:59AM June 04, 2012 CommentU.S. stocks are trading modestly lower at midday as calm returns to the market after a spasm of fearful selling last week.
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Kids could someday get on Facebook, without lying
Tweet Share on Facebook 11:21AM June 04, 2012 CommentNEW YORK (AP) — Though Facebook bans children under 13, millions of them have profiles on the site by lying about their age.
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US factory orders fell 0.6 percent in April
Tweet Share on Facebook 10:43AM June 04, 2012 CommentWASHINGTON (AP) — Companies placed fewer orders to U.S. factories for the second straight month and a key measure that tracks business investment plans fell, adding to evidence that the economy is weakening.
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Spain under pressure to outline banks rescue plan
Tweet Share on Facebook 10:42AM June 04, 2012 CommentMADRID (AP) — Spain was under pressure on Monday to reveal what it intends to do about its troubled banking sector as the government's borrowing rates in the bond markets stayed at worryingly high levels, reflecting investor concern that Madrid may need to ask for foreign aid.
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France expects to close gaps with Berlin on crisis
Tweet Share on Facebook 10:36AM June 04, 2012 CommentBERLIN (AP) — France's new foreign minister says he is confident Paris will bridge its differences with Berlin over how to resolve the eurozone debt crisis.
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Wal-Mart's proxy vote shows dissent against execs
Tweet Share on Facebook 10:31AM June 04, 2012 CommentNEW YORK (AP) — Wal-Mart's final shareholder vote for its board of directors shows some dissent against key executives and board members, including CEO Mike Duke, in the wake of allegations of bribery in Mexico.
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Court won't hear Siegelman, Scrushy appeals
Tweet Share on Facebook 10:15AM June 04, 2012 CommentWASHINGTON (AP) — The Supreme Court will not take another look at the bribery conviction of former Ala. Gov. Don Siegelman and former HealthSouth CEO Richard Scrushy.
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Luxury dining on Somali beach as market matures
Tweet Share on Facebook 10:04AM June 04, 2012 CommentMOGADISHU, Somalia (AP) — Beachfront dining, fresh lobster, and a European clientele: Somalia's restaurant scene is quickly changing for the better.
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Rogue French trader appeals fraud conviction
Tweet Share on Facebook 8:11AM June 04, 2012 CommentPARIS (AP) — A French trader sentenced for covering up tens of billions of dollars in bets and ordered to reimburse his bank for the resulting losses told a court Monday that his bosses were aware of but overlooked his enormous trades.
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Portugal passes latest bailout test
Tweet Share on Facebook 8:09AM June 04, 2012 CommentLISBON, Portugal (AP) — Portugal's foreign bailout creditors will provide another batch of the country's €78 billion ($96 billion) rescue package after concluding the government is abiding by the terms of the loan, the finance minister and international lenders said Monday.
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UAE expects growth to slow to 3 percent this year
Tweet Share on Facebook 7:32AM June 04, 2012 CommentDUBAI, United Arab Emirates (AP) — The United Arab Emirates' economy is likely to slow to about 3 percent this year amid a drop in oil prices, the Gulf federation's top economic official said Monday.
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Heavy rains slow search in Nigeria plane crash
Tweet Share on Facebook 7:20AM June 04, 2012 CommentLAGOS, Nigeria (AP) — Heavy seasonal rains and strong winds in Nigeria have torn through the site where a commercial airliner with 153 people onboard crashed, slowing rescue and investigation efforts.
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Oddities in Chinese stock index evoke Tiananmen
Tweet Share on Facebook 6:56AM June 04, 2012 CommentSHANGHAI (AP) — China's share benchmark has fallen afoul of the country's Internet censors by appearing to mark the 23rd anniversary of the Tiananmen Square crackdown on pro-democracy protesters.
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Cyprus sees chances of EU bailout increasing
Tweet Share on Facebook 6:29AM June 04, 2012 CommentNICOSIA, Cyprus (AP) — Cyprus looks increasingly likely to have to ask for EU bailout money to help rescue its troubled banking sector, the island's Central Bank governor has said.
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Japanese PM Noda reshuffles Cabinet over tax bill
Tweet Share on Facebook 11:58PM June 03, 2012 CommentTOKYO (AP) — Japan's prime minister reshuffled his Cabinet on Monday for the second time this year in a desperate attempt to gain the support of opposition lawmakers as he tries to win quick passage of a bill that would raise the sales tax.
