Business News
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UK politician: Blair, Brown too close to Murdoch
Tweet Share on Facebook 12:08PM May 21, 2012 CommentLONDON (AP) — One of the British Labour Party's most seasoned operatives said his party's leadership may have gotten too close to media tycoon Rupert Murdoch.
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FDA says Xarelto reduced deadly heart attacks
Tweet Share on Facebook 11:43AM May 21, 2012 CommentWASHINGTON (AP) — The Food and Drug Administration said Monday that a blood thinner from Johnson & Johnson appears to reduce life-threatening blood clots in high-risk patients, although it also increases the risk of internal bleeding.
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High court will take up wiretaps lawsuit
Tweet Share on Facebook 10:39AM May 21, 2012 CommentWASHINGTON (AP) — The Supreme Court says it will consider shutting down a legal challenge to a law that lets the United States eavesdrop on overseas communications.
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Barclays to sell $6.1BN stake in BlackRock
Tweet Share on Facebook 10:36AM May 21, 2012 CommentLONDON (AP) — Britain's Barclays Bank PLC said Monday it intends to dispose of its entire 19.6 percent stake in the U.S. asset management company BlackRock Inc., valued at $6.1 billion.
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JPMorgan suspends stock repurchase plans
Tweet Share on Facebook 10:18AM May 21, 2012 CommentNEW YORK (AP) — JPMorgan Chase CEO Jamie Dimon says the bank is suspending plans to buy back its own stock.
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Spain Minister: Bankia needs to bolster defenses
Tweet Share on Facebook 10:16AM May 21, 2012 CommentMADRID (AP) — Bankia, the nationalized Spanish bank which had to reassure savers last week to fend off a reported run on its deposits, needs to strengthen its capital defenses by as much as €7.5 billion ($9.56 billion), the country's economy minister said Monday.
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Germany Insists No Eurobonds to Solve Debt Crisis
Tweet Share on Facebook 7:19AM May 21, 2012 Comment
Germany
BERLIN (AP) — A German official made clear on Monday that Berlin continues to oppose the idea of jointly-issued bonds for the 17-nation eurozone, which France's new president had suggested could be used to create much-needed economic growth and ease the region's financial crisis.
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Chinese Tycoon Jailed After Death Sentence Revoked
Tweet Share on Facebook 5:59AM May 21, 2012 Comment
Chinese flag
BEIJING (AP) — A former Chinese tycoon who was convicted of illegally raising money for her business was sentenced Monday to prison after China's supreme court overturned a death sentence following a public outcry.
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Europe Faces Difficult Search for Growth
Tweet Share on Facebook 12:05AM May 21, 2012 Comment
The flags of Greece, right, and European Union flutter from the roof of the Finance Minister at Athens' main Syntagma square, as in the background is seen the ancient Parthenon temple during in Athens on Thursday Feb, 9, 2012. Greek Prime Minister Lucas Papademos and his coalition partners have struck a deal on new cuts demanded by creditors to secure a vital euro130 billion bailout.
WASHINGTON (AP) — On paper at least, European leaders agree: They need stronger growth measures to help their economies expand out of their 2½-year-old government debt crisis. Figuring out exactly what those new steps might be will be the hard part.
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Chinese company to buy US movie theater chain AMC
Tweet Share on Facebook 10:33PM May 20, 2012 CommentBEIJING (AP) — A Chinese conglomerate announced Monday it will buy a major U.S. cinema chain, AMC Entertainment Holdings, for $2.6 billion in China's biggest corporate takeover in the United States to date.
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Europe faces difficult search for growth
Tweet Share on Facebook 7:13PM May 20, 2012 CommentWASHINGTON (AP) — On paper at least, European leaders agree: They need stronger growth measures to help their economies expand out of their 2½-year-old government debt crisis. Figuring out exactly what those new steps might be will be the hard part.
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Reports: Nasdaq 'embarrassed' at Facebook delay
Tweet Share on Facebook 7:12PM May 20, 2012 CommentNEW YORK (AP) — The CEO of the Nasdaq stock exchange says it is "humbly embarrassed" by its bungling of Facebook's hugely anticipated debut as a public company on Friday.
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'Avengers' sinks 'Battleship" to remain No. 1
Tweet Share on Facebook 4:25PM May 20, 2012 CommentLOS ANGELES (AP) — "The Avengers" continues to muscle out everything else Hollywood throws at it, easily sinking naval rival "Battleship" and other new releases.
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Trial of ex-P&G, Goldman board member starts in NY
Tweet Share on Facebook 3:43PM May 20, 2012 CommentNEW YORK (AP) — The July 29, 2008, phone call between two titans of Wall Street began with the old friends exchanging mild pleasantries, but then quickly turned serious and — by the government's account — criminal.
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A debate: Should you jump in on Facebook debut?
Tweet Share on Facebook 1:58PM May 20, 2012 CommentEDITOR'S NOTE — Facebook began selling stock to the public Friday in the most talked-about market debut in years. The stock closed 23 cents above its initial offering price, at $38.23. Two Associated Press business writers debate whether the stock is a smart buy.
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Party leaders refuse to budge on debt positions
Tweet Share on Facebook 1:34PM May 20, 2012 CommentWASHINGTON (AP) — Republicans and Democrats are refusing to budge when it comes to their already hardened positions on spending cuts versus tax increases to deal with the nation's debt.
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For NY farmers, fracking means salvation _ or ruin
Tweet Share on Facebook 1:28PM May 20, 2012 CommentALBANY, N.Y. (AP) — When Dan Fitzsimmons looks across the Susquehanna River and sees the flares of Pennsylvania gas wells, he thinks bitterly of the riches beneath his own land locked up by the heated debate that has kept hydraulic fracturing, or fracking, out of New York.
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Pakistan blocks Twitter over contentious tweets
Tweet Share on Facebook 6:32AM May 20, 2012 CommentISLAMABAD (AP) — Pakistan blocked the social networking website Twitter for several hours because it refused to remove tweets considered offensive to Islam, said one of the country's top telecommunications officials.
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Day after historic IPO, Facebook's Zuckerberg weds
Tweet Share on Facebook 3:55AM May 20, 2012 CommentSAN FRANCISCO (AP) — For Facebook founder and CEO Mark Zuckerberg, it was quite a week — from birthday, to IPO, to I DO.
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APNewsBreak: 22 states join campaign finance fight
Tweet Share on Facebook 2:47AM May 20, 2012 CommentHELENA, Mont. (AP) — Twenty-two states and the District of Columbia are backing Montana in its fight to prevent the U.S. Supreme Court's 2010 Citizens United decision from being used to strike down state laws restricting corporate campaign spending.
