Business News
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Microsoft unveils new streaming, sharing app at E3
Tweet Share on Facebook 5:09PM June 04, 2012 CommentLOS ANGELES (AP) — The Xbox 360 is getting a little smarter.
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BlackBerry maker RIM's stock sinks below $10
Tweet Share on Facebook 5:02PM June 04, 2012 CommentNEW YORK (AP) — Research In Motion's stock fell below $10 on Monday for the first time since December 2003.
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Health insurer WellPoint to buy 1-800 Contacts
Tweet Share on Facebook 5:02PM June 04, 2012 CommentINDIANAPOLIS (AP) — WellPoint Inc. plans to buy contact lens retailer 1-800-Contacts Inc. in a deal that would give the insurer its first direct-to-consumer business outside selling individual health coverage.
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US economic outlook darkens after jobs report
Tweet Share on Facebook 5:01PM June 04, 2012 CommentWASHINGTON (AP) — Faced with a fizzling job market, many economists have turned more pessimistic and no longer think U.S. economic growth will accelerate later this year.
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Chesapeake to replace 4 directors in nod to Icahn
Tweet Share on Facebook 4:59PM June 04, 2012 CommentOKLAHOMA CITY (AP) — Just weeks after taking a stake in Chesapeake Energy Corp., activist shareholder Carl Icahn has helped orchestrate a shake-up at the nation's No. 2 natural gas producer.
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Austrian military to use surveillance drones
Tweet Share on Facebook 4:39PM June 04, 2012 CommentVIENNA (AP) — Austria's defense minister says his country plans to buy surveillance drones for use at home and abroad.
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Baseball champ facing possible failure in business
Tweet Share on Facebook 4:08PM June 04, 2012 CommentPROVIDENCE, R.I. (AP) — Three-time World Series champion Curt Schilling was always more than a big-league pitcher.
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Starbucks buys bakery to improve pastry offerings
Tweet Share on Facebook 4:02PM June 04, 2012 CommentNEW YORK (AP) — Starbucks Corp. is looking to expand its food business, with a $100 million cash deal to buy a small bakery chain.
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Grain elevator explosion victim remains devastated
Tweet Share on Facebook 4:00PM June 04, 2012 CommentCHICAGO (AP) — A man who was badly burned when an Illinois grain elevator exploded two years ago knows he may ultimately get a big chunk of the $181 million that a federal jury awarded him and two co-workers who were seriously injured in the blast. He just doesn't know how much good it will do him.
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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.
