Business News
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Ex-Goldman board member won't testify at NY trial
Tweet Share on Facebook 7:39PM June 10, 2012 CommentNEW YORK (AP) — The defense lawyer for a former Goldman Sachs board member accused of insider trading notified the judge on Sunday that his client will not testify at his trial.
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Lift for markets from Spain rescue could be brief
Tweet Share on Facebook 5:27PM June 10, 2012 CommentA bailout of the crippled banks of Spain should relieve world financial markets and provide a lift for stocks in the United States, which have had a rocky six weeks because of investor concern about Europe.
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'Madagascar 3,' 'Prometheus' team for big weekend
Tweet Share on Facebook 5:25PM June 10, 2012 CommentLOS ANGELES (AP) — Circus animals and space beasts have lifted Hollywood to a huge weekend.
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Experimental diabetes drugs offer patients hope
Tweet Share on Facebook 4:33PM June 10, 2012 CommentTRENTON, N.J. (AP) — Some experimental diabetes treatments in late testing offer patients hope of better controlling their blood sugar and weight and preventing dangerously low blood sugar, all big challenges for millions of diabetics.
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Spain relieved, angry over humiliating bank rescue
Tweet Share on Facebook 4:29PM June 10, 2012 CommentMADRID (AP) — Spain's grinding economic misery will get worse this year, despite the country's request for a European financial lifeline of up to €100 billion ($125 billion) to save its banks, Prime Minister Mariano Rajoy said Sunday.
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Mobile money plan stumbles at start in Haiti
Tweet Share on Facebook 12:31PM June 10, 2012 CommentPORT-AU-PRINCE, Haiti (AP) — Getting money in Haiti can be a harrowing experience: Bank branches are few, most of them are in the capital and a simple transaction can take half a day. Cash machines are scarce as well, and often broken or empty. And then there are the thieves who often wait nearby in hopes of finding a mark.
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Spain's Rajoy at center of bank bailout firestorm
Tweet Share on Facebook 12:23PM June 10, 2012 CommentMADRID (AP) — Spanish Prime Minister Mariano Rajoy was a lackluster career politician until, at the third attempt, he led his conservative Popular Party to a landslide win over the Socialists last November.
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UK treasurer: Euro crisis is killing our recovery
Tweet Share on Facebook 12:08PM June 10, 2012 CommentLONDON (AP) — Britain's Treasury chief has warned that uncertainty over the future of Europe's single currency is threatening to keep his country from returning to economic growth.
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No elegant technical fixes for distracted driving
Tweet Share on Facebook 10:46AM June 10, 2012 CommentNEW YORK (AP) — When does a smartphone make you dumb?
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Ohio's job growth doesn't guarantee an Obama win
Tweet Share on Facebook 8:19AM June 10, 2012 CommentCOLUMBUS, Ohio (AP) — The nation's unemployment rate of 8.2 percent may sink President Barack Obama's re-election bid, but one detail brightens his hopes. About 10 battleground states will decide the election, and seven of them have employment levels that beat the U.S. average.
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Socialist calls for a broad coalition gov't
Tweet Share on Facebook 8:12AM June 10, 2012 CommentATHENS, Greece (AP) — Socialist leader and former finance minister Evangelos Venizelos has called for a broadly-based coalition government to renegotiate Greece's bailout agreement with its creditors after national elections on June 17.
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China's exports jump 15.3 percent in May
Tweet Share on Facebook 12:17AM June 10, 2012 CommentBEIJING (AP) — China's exports jumped in May from a year earlier, the government said, although the increase is unlikely to be enough to ease pressure on the country's leaders to reverse a sharp economic slump.
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Canadian tech town feels BlackBerry's decline
Tweet Share on Facebook 12:02AM June 10, 2012 CommentWATERLOO, Ontario (AP) — President Barack Obama couldn't bear to part with his BlackBerry. Oprah Winfrey declared it one of her "favorite things." It could be so addictive that it was nicknamed "the CrackBerry."
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Spain goes from boom to bailout in a decade
Tweet Share on Facebook 4:30PM June 09, 2012 CommentMADRID (AP) — Spain's economic fortunes have gone from boom to deep financial crisis over the past decade. Here are the main developments:
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Poll: Americans know how to save energy, but balk
Tweet Share on Facebook 3:34PM June 09, 2012 CommentWASHINGTON (AP) — When it comes to saving energy, people in the United States know that driving a fuel-efficient car accomplishes more than turning off the lights at home.
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Swedish PM: 'Talk' Spain needs $100B rescue loans
Tweet Share on Facebook 1:09PM June 09, 2012 CommentSTOCKHOLM (AP) — Sweden's prime minister says there is widespread European agreement that Spain needs to ask for outside help to try to prop up its ailing economy and that "there is talk" of a bailout package of up to €80 billion ($99.74 billion).
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China's auto market revved up in May
Tweet Share on Facebook 8:46AM June 09, 2012 CommentBEIJING (AP) — China's auto market revved to life in May despite the weakening economy, with vehicle sales jumping nearly 16 percent from a year earlier to 1.61 million units, industry figures showed Saturday.
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Obama pushes Congress to help states hire teachers
Tweet Share on Facebook 6:21AM June 09, 2012 CommentWASHINGTON (AP) — President Barack Obama wants Congress to help states rehire teachers and act on a key part of last year's jobs bill. He says the last thing the U.S. needs is to have fewer teachers in our schools.
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Cost to lunch with Warren Buffett: $3.5 million
Tweet Share on Facebook 5:08AM June 09, 2012 CommentOMAHA, Neb. (AP) — The cost to dine with investor Warren Buffett has apparently spiked in value, with one deep-pocketed bidder forking over nearly $3.5 million during a charity auction.
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Activists jab Obama and Romney on economy
Tweet Share on Facebook 3:29AM June 09, 2012 CommentPROVIDENCE, R.I. (AP) — Separated at rival conferences by 1,000 miles and a world of political ideology, liberal and conservative activists are finding themselves united by a deep disappointment with the nation's economy.
