Business News
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Bond king says budget pain isn't enough in Europe
Tweet Share on Facebook 1:09PM May 09, 2012 CommentNEW YORK (AP) — The struggling countries of Europe have cut spending for two years in hopes of averting financial catastrophe and persuading bond investors to buy their debt.
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Cattle prices jump as ranchers begin rebuilding
Tweet Share on Facebook 9:48AM May 09, 2012 CommentFRANKSTON, Texas (AP) — A cow runs circles in a small pen, her baby close by her side. Ranchers, their brows wrinkled, scribble in a glossy catalog while high on a podium the auctioneer slams his gavel, taking bids as the price of the pair rises rapidly.
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Euro 2012 a political headache for Ukraine
Tweet Share on Facebook 8:05AM May 09, 2012 CommentKIEV, Ukraine (AP) — The June Euro 2012 football championship was Ukraine's chance to shine: forge closer ties with the West, boost its international standing and aid its struggling economy.
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Toyota quarterly profit quadruples on recovery
Tweet Share on Facebook 7:09AM May 09, 2012 CommentTOKYO (AP) — Toyota's January-March profit more than quadrupled to 121 billion yen ($1.5 billion), and the automaker gave upbeat forecasts, marking a solid recovery from a sales plunge caused by a tsunami in Japan.
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UK's Cameron braces for Rebekah Brooks' testimony
Tweet Share on Facebook 6:28AM May 09, 2012 CommentLONDON (AP) — Prime Minister David Cameron's friendships with two suspects at the heart of Britain's phone hacking scandal will come under spotlight this week in what may be some uncomfortable hours for the country's conservative leader.
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Spain stocks rebound on bank nationalization plan
Tweet Share on Facebook 5:58AM May 09, 2012 CommentMADRID (AP) — Spanish stocks rebounded Thursday while the pressure on the country's government bonds eased, as investors reacted positively to the government's confirmation that it will nationalize the country's fourth largest bank.
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Asian stocks dip on Europe fears, China trade data
Tweet Share on Facebook 5:21AM May 09, 2012 CommentHONG KONG (AP) — Asian stocks dipped Thursday, as investor fears about climbing borrowing rates in Spain and political turmoil in Greece overshadowed optimism about upbeat results at Japanese carmaker Toyota.
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Carlsberg in Q1 $13 million loss as Russia weighs
Tweet Share on Facebook 3:52AM May 09, 2012 CommentCOPENHAGEN, Denmark (AP) — Danish brewer Carlsberg reported a first-quarter net loss of 76 million kroner ($13.3 million) as earnings were impacted by lower sales in Russia and eastern Europe.
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GlaxoSmithKline in takeover bid for Human Genome
Tweet Share on Facebook 3:40AM May 09, 2012 CommentLONDON (AP) — GlaxoSmithKline PLC has tabled an offer to take over U.S. drug maker Human Genome Sciences Inc. which values the target at nearly $2.6 billion.
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Greek left-wing leader says coalition bid fails
Tweet Share on Facebook 3:36AM May 09, 2012 CommentATHENS, Greece (AP) — Greece drew closer to holding repeat elections next month after Radical Left leader Alexis Tsipras said Wednesday he has failed to forge a coalition that would end the financially struggling country's political deadlock.
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Europe's debt crisis weighs on Commerzbank's Q1
Tweet Share on Facebook 3:24AM May 09, 2012 CommentFRANKFURT, Germany (AP) — Reduced income from trading and commissions due to Europe's debt crisis weighed on earnings at Germany's Commerzbank, which saw net profit fall sharply to €369 million (€480 million) in the first quarter.
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UK govt to focus on economy, reform House of Lords
Tweet Share on Facebook 1:06AM May 09, 2012 CommentLONDON (AP) — Wearing a crown studded with glittering jewels, Queen Elizabeth II set out Britain's new legislative agenda in opulent style Wednesday — but announced a frugal program aimed at boosting economic growth and overhauling the unelected House of Lords after decades of delays.
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More Americans Are Paying Mortgages On Time
Tweet Share on Facebook 12:08AM May 09, 2012 Comment
Housing
LOS ANGELES (AP) — The percentage of U.S. homeowners behind on their mortgage payments dropped in the first three months of this year to the lowest level since 2009, according to a new report.
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Officials: Al-Qaida bomber was CIA informant
Tweet Share on Facebook 10:52PM May 08, 2012 CommentWASHINGTON (AP) — The CIA had al-Qaida fooled from the beginning.
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Yahoo director on hot seat to leave board
Tweet Share on Facebook 8:32PM May 08, 2012 Comment
Yahoo! headquarters in Sunnyvale, California.
SAN FRANCISCO (AP) — The flap over a bogus college degree on Yahoo CEO Scott Thompson's official biography has claimed its first casualty — the director who led the committee that hired him four months ago.
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Disney looks to avenge studio loss after upbeat 2Q
Tweet Share on Facebook 7:47PM May 08, 2012 CommentLOS ANGELES (AP) — The Walt Disney Co. is looking to avenge the loss it took on the blockbuster bomb "John Carter." What better way than to ramp up its investment in the superhero franchise "The Avengers."
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Plans for Mass. casino near Patriots' home halted
Tweet Share on Facebook 7:23PM May 08, 2012 CommentBOSTON (AP) — Plans to bring a $1 billion resort-style casino to the New England Patriots' hometown have been suspended, Las Vegas casino developer Steve Wynn and the team's owner said Tuesday.
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Hobbs, NM, picked as site of scientific ghost town
Tweet Share on Facebook 6:43PM May 08, 2012 CommentALBUQUERQUE, N.M. (AP) — A scientific ghost town in the heart of southeastern New Mexico oil and gas country will hum with the latest next-generation technology — but no people.
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GOP blocks Senate debate on Dem student loan bill
Tweet Share on Facebook 6:34PM May 08, 2012 Comment (3)WASHINGTON (AP) — Senate Republicans blocked a Democratic bill Tuesday to preserve low interest rates for millions of college students' loans, as the two parties engaged in election-year choreography aimed at showing each is the better protector of families in today's rugged economy.
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Wendy's cuts 2012 forecast, citing higher costs
Tweet Share on Facebook 6:15PM May 08, 2012 CommentNEW YORK (AP) — The Wendy's Co. on Tuesday reported a first-quarter profit that missed Wall Street expectations and cut its forecast for the year, as the hamburger chain struggled in its revival efforts amid higher costs for fresh beef and weaker-than-expected sales.
