Business News
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Australia's ANZ Bank posts 10 percent profit rise
Tweet Share on Facebook 7:44PM May 01, 2012 CommentSYDNEY (AP) — One of Australia's largest banks, ANZ Banking Group, on Wednesday posted a 10 percent increase in its first half profit to 2.92 billion Australian dollars ($3.02 billion) but warned margins in its Australian business were declining.
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Feds seek summer trial date for Gulf spill claims
Tweet Share on Facebook 6:40PM May 01, 2012 CommentNEW ORLEANS (AP) — The Justice Department is urging a federal judge to set a new trial date for no later than this summer for government claims against BP over the 2010 oil spill in the Gulf of Mexico.
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CBS 1Q beats Street on digital, overseas sales
Tweet Share on Facebook 6:34PM May 01, 2012 CommentLOS ANGELES (AP) — CBS Corp. on Tuesday said its net income grew 80 percent in the first quarter, as revenue surged on digital licensing deals for its TV shows and overseas sales of reruns.
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Stronger Toyota helps boost US auto sales in April
Tweet Share on Facebook 6:27PM May 01, 2012 CommentDETROIT (AP) — Toyota is back. It's putting a year of earthquake-related shortages behind it and grabbing sales from stumbling General Motors and Ford.
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P.F. Chang's reaches $1.09B deal to go private
Tweet Share on Facebook 6:25PM May 01, 2012 CommentSCOTTSDALE, Ariz. (AP) — P.F. Chang's is being acquired and taken private in a deal valued at $1.09 billion
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Wall Street Journal remains No. 1 US newspaper
Tweet Share on Facebook 6:23PM May 01, 2012 CommentNEW YORK (AP) — U.S. newspapers reported a slight increase in circulation the past year as more readers purchased digital subscriptions, according to a media industry group.
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Owner of Payless, Stride Rite stores being sold
Tweet Share on Facebook 6:22PM May 01, 2012 CommentNEW YORK (AP) — Collective Brands Inc., which owns the shoe store chains Payless and Stride Rite, is being acquired for about $1.32 billion by a group that includes the owner of Hush Puppies.
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Avon Products 1Q profit, shares skid
Tweet Share on Facebook 6:20PM May 01, 2012 CommentNEW YORK (AP) — Avon Product's new CEO, on the job for a week, said Tuesday she plans to review every aspect of the beauty seller's business, including its operating model, cost structure and product portfolio.
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Feds cite issues behind massive Southwest blackout
Tweet Share on Facebook 6:19PM May 01, 2012 CommentSAN DIEGO (AP) — Federal energy regulators on Tuesday blamed inadequate planning and lack of grid coordination for a massive blackout last year that started with the loss of a single transmission line at an Arizona substation and quickly affected millions of people in Southern California and Mexico's Baja California.
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BlackBerry-maker RIM unveils prototype
Tweet Share on Facebook 5:49PM May 01, 2012 CommentTORONTO (AP) — Research In Motion's new chief executive unveiled a newly-designed BlackBerry smartphone prototype powered by a re-imagined operating system —the very software the company has pinned its future on.
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Fed says retailers paying a lot less in debit fees
Tweet Share on Facebook 5:27PM May 01, 2012 CommentWASHINGTON (AP) — Retailers are paying significantly less every time a customer swipes a debit card under a rule capping the fees that banks are allowed to charge.
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Chesapeake's McClendon to give up chairman post
Tweet Share on Facebook 5:21PM May 01, 2012 CommentNEW YORK (AP) — Chesapeake Energy founder Aubrey McClendon was stripped of his chairmanship role Tuesday following shareholder complaints that his personal business interests could conflict with those of the company he runs.
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Oscars to Stay in Same Theatre for 20 More Years
Tweet Share on Facebook 4:57PM May 01, 2012 CommentLOS ANGELES (AP) — The Oscars will be in Dolby.
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US factory growth shows economy more resilient
Tweet Share on Facebook 4:46PM May 01, 2012 Comment (1)WASHINGTON (AP) — U.S. manufacturing grew last month at the fastest pace in 10 months, suggesting that the economy is healthier than recent data had indicated.
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Dow Jones average hits highest mark since '07
Tweet Share on Facebook 4:43PM May 01, 2012 CommentNEW YORK (AP) — The fastest growth in U.S. manufacturing in 10 months gave stocks a lift Tuesday and pushed the Dow Jones industrial average to its highest close in more than four years.
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Oil hovers above $105 ahead of key US jobs figures
Tweet Share on Facebook 3:55PM May 01, 2012 CommentSINGAPORE (AP) — Oil prices hovered above $105 a barrel Thursday in Asia as investors awaited key U.S. employment data for clues about the strength of the economy and crude demand.
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Owners get funding to reopen Sahara on Vegas Strip
Tweet Share on Facebook 3:51PM May 01, 2012 CommentLAS VEGAS (AP) — The owners of the shuttered Sahara casino on an aging stretch of the Las Vegas Strip say they've secured $300 million in funding to redevelop the iconic resort that once hosted the likes of Frank Sinatra and Elvis Presley.
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Circulation numbers for the 25 largest newspapers
Tweet Share on Facebook 3:50PM May 01, 2012 CommentThe top 25 U.S. newspapers by average weekday and Sunday circulation from October to March. The figures include digital editions such as those on tablet computers or restricted websites as well as branded editions, which include regional editions or those tailored for commuters.
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Filings: Pfizer settles lawsuit involving Celebrex
Tweet Share on Facebook 3:41PM May 01, 2012 CommentSALT LAKE CITY (AP) — Pfizer Inc. has settled a lawsuit filed by Brigham Young University over development of the blockbuster painkiller Celebrex for $450 million, according to a regulatory filing Tuesday.
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Obama tightens penalties on Iran, Syria
Tweet Share on Facebook 3:36PM May 01, 2012 CommentWASHINGTON (AP) — President Barack Obama is tightening penalties on foreign entities and individuals who try to evade sanctions on Iran and Syria.
