Business News
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Greek stocks rocket ahead of crucial elections
Tweet Share on Facebook 3:25PM June 14, 2012 CommentATHENS, Greece (AP) — Greek stocks rocketed higher on Thursday, reflecting investor hopes that the national elections in three days will yield a government that can avoid a messy confrontation with Athens' bailout creditors and keep the country in the eurozone.
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Mexico allows cell alliance if TV opens up
Tweet Share on Facebook 3:13PM June 14, 2012 CommentMEXICO CITY (AP) — Mexico's anti-trust regulators announced Thursday they will allow the country's two largest broadcasters to form an alliance in cellphone service, but only if their own industry is opened to more competition through the auctioning of new television frequencies.
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Coca-Cola to begin business in Myanmar
Tweet Share on Facebook 2:56PM June 14, 2012 CommentWASHINGTON (AP) — Coca-Cola Co. plans to open for business in Myanmar, following the U.S. decision to suspend investment sanctions to reward the military-dominated country for democratic reforms.
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UK PM Cameron defends ill-fated Andy Coulson hire
Tweet Share on Facebook 2:46PM June 14, 2012 CommentLONDON (AP) — A confident and unruffled Prime Minister David Cameron on Thursday defended his ill-fated decision to make disgraced tabloid editor Andy Coulson his communications director, even though the news executive had already been tarnished in Britain's phone-hacking scandal.
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Bill would protect Israeli authors' royalties
Tweet Share on Facebook 2:41PM June 14, 2012 CommentJERUSALEM (AP) — In the land of the People of the Book, the discounted book may soon be a thing of the past.
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American drivers turn to smaller, better engines
Tweet Share on Facebook 2:34PM June 14, 2012 CommentDETROIT (AP) — Back when gas was cheap, Americans bought cars with V-8 engines like the Big Block, Cobra Jet and Ramcharger. Acceleration was all that mattered, even in family cars that never made it to full throttle.
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Italy, France find common ground on crisis
Tweet Share on Facebook 2:30PM June 14, 2012 CommentROME (AP) — The Italian and French leaders on Thursday found common ground on how to confront Europe's worsening debt crisis, emphasizing that budget discipline should not come at the expense of economic growth and calling for a region-wide move to boost market confidence.
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Spain crisis deepens as borrowing rates soar
Tweet Share on Facebook 12:43PM June 14, 2012 CommentMADRID (AP) — Spain's borrowing costs broke through another record Thursday after a credit ratings agency downgraded the country's ability to pay down its debt amid rising fears a bank bailout may not be enough to save the country from economic chaos.
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Quest Software gets higher buyout bid of $2.15B
Tweet Share on Facebook 12:13PM June 14, 2012 CommentALISO VIEJO, Calif. (AP) — Quest Software Inc. has received buyout offer worth about $2.15 billion from an unnamed party, a proposal superior to an existing offer that may create a bidding war for the business software maker.
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U.S. Rate on 30-year Mortgage Rises
Tweet Share on Facebook 11:01AM June 14, 2012 Comment
Construction workers at a new apartment complex in Alhambra, Calif.
WASHINGTON (AP) — Average rates on fixed mortgages rose this week, the first increase in seven weeks. But mortgage rates remain near historic lows, boosting prospects for home sales this year.
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Nokia Cuts 10,000 Jobs, Closes Plants
Tweet Share on Facebook 10:52AM June 14, 2012 Comment
The N97 goes on sale next year.
HELSINKI (AP) — Nokia says it will slash 10,000 jobs and close plants as the ailing company fights fierce competition, and gave a grim outlook for most of the year, causing its shares to plunge more than 15 percent to €1.88 ($2.37).
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U.S. Stocks Rise Despite Weaker Job Report
Tweet Share on Facebook 10:36AM June 14, 2012 Comment
Investor looks at investing graphs and charts
NEW YORK (AP) — The stock market shook off a shaky start and moved higher Thursday after a tame inflation reading and another weak jobs report raised expectations that the Federal Reserve may be moving closer to another round of stimulus measures for the U.S. economy.
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Merkel firmly behind euro, but will she act?
Tweet Share on Facebook 10:16AM June 14, 2012 CommentBERLIN (AP) — Germany's Chancellor Angela Merkel has insisted repeatedly that "if the euro fails, Europe fails."
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BSkyB, BT shares drop after winning Premier rights
Tweet Share on Facebook 9:59AM June 14, 2012 CommentLONDON (AP) — Shares in British Sky Broadcasting and telecommunications company BT PLC have fallen sharply after the two companies paid a higher-than-expected price for rights to carry Premier League football matches.
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Obama, Romney Both Take On Ohio
Tweet Share on Facebook 9:44AM June 14, 2012 Comment
Obama holds a child after delivering remarks on the American Jobs Act beneath the Clay Wade Bailey Bridge in Cincinnati, Ohio, Sept. 22, 2011.
WASHINGTON (AP) — Dueling from down the road, President Barack Obama and Republican rival Mitt Romney on Thursday will offer deeply contrasting visions for how to fix the sluggish economy, framing in their most direct terms the fierce, fundamental choice that will decide the November election.
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US unemployment aid applications rise to 386K
Tweet Share on Facebook 9:29AM June 14, 2012 CommentWASHINGTON (AP) — More Americans sought unemployment aid last week, suggesting hiring remains sluggish.
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US current account deficit widens to $137.3B
Tweet Share on Facebook 9:24AM June 14, 2012 CommentWASHINGTON (AP) — The U.S. current account trade deficit grew this winter to its widest imbalance in three years. A big increase in imports of oil, cars and machinery and a drop in U.S. earnings on overseas investments drove the increase.
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UK government to announce bank reforms
Tweet Share on Facebook 9:05AM June 14, 2012 CommentLONDON (AP) — The British government announced its proposals for reform of the U.K. banking industry on Thursday, aiming to prevent a repeat of the crisis which forced taxpayers to bail out two major banks in 2008.
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Government expands probe of Jeep gas tank fires
Tweet Share on Facebook 7:59AM June 14, 2012 CommentDETROIT (AP) — Government safety regulators have expanded an investigation into gas tank fires in older-model Jeep Grand Cherokees.
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German lawmakers to vote on EU rescue fund June 29
Tweet Share on Facebook 7:45AM June 14, 2012 CommentBERLIN (AP) — Lawmakers in Germany's governing party say an agreement has been reached with the opposition to hold a parliamentary vote on a crucial package of European legislation before the end of the month.
