Business News
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Canon seeks full automation in camera production
Tweet Share on Facebook 1:53AM May 14, 2012 Comment
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TOKYO (AP) — Canon Inc. is moving toward fully automating digital camera production in an effort to cut costs — a key change being played out across Japan, a world leader in robotics.
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Seeking a comeback, NBC bets heavily on comedy
Tweet Share on Facebook 11:24PM May 13, 2012 CommentNEW YORK (AP) — Hoping to lure viewers with laughs, struggling NBC is calling on old friend Matthew Perry to lend a hand.
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Facebook CEO turns 28, IPO could be $100B gift
Tweet Share on Facebook 10:31PM May 13, 2012 CommentNEW YORK (AP) — Don't let the hoodie and sneakers fool you. Mark Zuckerberg is no wet-behind-the-ears CEO.
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World stocks fall after optimism fizzles on China
Tweet Share on Facebook 9:28PM May 13, 2012 CommentTOKYO (AP) — World stock markets fell Monday as optimism over a move by China's central bank to encourage lending were offset by lingering uncertainty about crisis-struck Greece.
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JPMorgan exec expected to resign, AP source says
Tweet Share on Facebook 8:22PM May 13, 2012 CommentNEW YORK (AP) — JPMorgan Chase is expected to accept the resignation of one of the highest-ranking women on Wall Street after the bank lost $2 billion in a trading blunder, a person familiar with the matter said Sunday.
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Greece: Coalition talks drag on as stocks tank
Tweet Share on Facebook 5:40PM May 13, 2012 CommentATHENS, Greece (AP) — Greek party leaders are to resume power-sharing talks Monday as negotiations to create a government drag into a second week, raising the specter of fresh elections that could threaten the crisis-stricken country's international bailout and its membership of the euro.
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Avon says it's considering Coty buyout offer
Tweet Share on Facebook 3:59PM May 13, 2012 CommentNEW YORK (AP) — Avon says it's considering a sweetened buyout offer of almost $10.7 billion from Coty Inc.
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'Avengers' add $103.2M in sprint to $1 billion
Tweet Share on Facebook 3:37PM May 13, 2012 CommentLOS ANGELES (AP) — "The Avengers" is taking a page out of Superman's comic book — flying faster than a speeding bullet to the billion-dollar mark at the box office.
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Is Europe a safe place to buy? Not exactly
Tweet Share on Facebook 1:52PM May 13, 2012 CommentNEW YORK (AP) — It often pays to zig when everybody else zags. If you were brave enough to put cash into the stock market three years ago — and very few small investors were — you've doubled your money.
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Past lobbying becomes issue in Arizona Senate race
Tweet Share on Facebook 12:08PM May 13, 2012 CommentSince his first House campaign a dozen years ago, would-be Arizona Sen. Jeff Flake has worked diligently to cast himself as a conservative gadfly, willing to buck GOP leaders and even a Republican president.
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2012 college grads enter improving job market
Tweet Share on Facebook 9:07AM May 13, 2012 CommentNEW YORK (AP) — The class of 2012 is leaving college with something that many graduates since the start of the Great Recession have lacked: jobs.
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Irish pose next democratic test for EU austerity
Tweet Share on Facebook 8:06AM May 13, 2012 CommentDUBLIN (AP) — When voters in Greece and France got the chance, they dealt a resounding "No!" to parties backing austerity measures. The Irish could be next to give the European Union's austerity plans a black eye.
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Nigeria fines 4 mobile phone carriers $7.3M
Tweet Share on Facebook 7:26AM May 13, 2012 CommentLAGOS, Nigeria (AP) — Nigeria has fined four mobile phone carriers a total of $7.3 million over poor service and call quality in Africa's dominant market.
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China, SKorea, Japan try to ease NKorea tensions
Tweet Share on Facebook 1:43AM May 13, 2012 CommentBEIJING (AP) — The leaders of China, South Korea and Japan said Sunday that they will work together to try to calm tensions on the Korean peninsula. The three largest East Asian economies also took steps toward deepening their economic ties by laying the groundwork for a regional free trade area.
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Indonesia airline boom raises new safety questions
Tweet Share on Facebook 1:02AM May 13, 2012 CommentJAKARTA, Indonesia (AP) — Dozens of fledgling airlines that have sprung up to serve Indonesia's island-hopping new middle class could jeopardize the archipelago's recently improved safety reputation, aviation experts say.
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Climbers try to reach jet's black box in Indonesia
Tweet Share on Facebook 1:01AM May 13, 2012 CommentJAKARTA, Indonesia (AP) — Indonesian special forces traversed the sheer slope of a volcano Monday after spotting what appeared to be the flight data recorder of a new Russian-made passenger jet that crashed during a demonstration flight for potential buyers.
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California facing higher $16 billion shortfall
Tweet Share on Facebook 11:58PM May 12, 2012 Comment (18)SACRAMENTO, Calif. (AP) — California's budget deficit has swelled to a projected $16 billion — much larger than had been predicted just months ago — and will force severe cuts to schools and public safety if voters fail to approve tax increases in November, Gov. Jerry Brown said Saturday.
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A black mark for survivor of financial crisis
Tweet Share on Facebook 3:19PM May 12, 2012 CommentNEW YORK (AP) — The reputation that Jamie Dimon honed for decades on Wall Street has been severely damaged in a matter of days.
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Gas drillers wrangle over NY limitations, bans
Tweet Share on Facebook 2:30PM May 12, 2012 CommentALBANY, N.Y. (AP) — With all the restrictions in proposed state regulations and local bans, gas companies say about half of their lease holdings in the lucrative Marcellus Shale region in New York state will be off-limits or inaccessible to drilling if the state gives the green light to developers this year.
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Chesapeake Energy receives $3 billion loan
Tweet Share on Facebook 1:30PM May 12, 2012 CommentNEW YORK (AP) — Chesapeake Energy Corp. has received a $3 billion loan from Goldman Sachs and Jefferies Group, giving the company more time to sell assets and lower its debt.
