Business News
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What Makes a Small Business? Depends Who You Ask
Tweet Share on Facebook 7:00AM May 17, 2013 Comment
Not all small businesses look like this.
By some standards, nearly every firm in America is a "small business."
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Union leads march in Rome calling for job creation
Tweet Share on Facebook 12:45PM May 18, 2013 CommentROME (AP) — A union of Italian metal workers has led thousands of people in a march through the heart of Rome to press the new government for measures to spur job creation.
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Politics, bribery charges swirl around Ugandan oil
Tweet Share on Facebook 10:31AM May 18, 2013 CommentKAMPALA, Uganda (AP) — Even before the first drops flow, Uganda's oil sector is beset by bribery allegations against officials, tax-related cases abroad that cost the government millions in legal fees, and the alleged interference of a president whose firm control of the sector worries transparency campaigners.
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Pew survey questions Gen X, baby boomer savings
Tweet Share on Facebook 4:50PM May 17, 2013 CommentNEW YORK (AP) — A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, high levels of debt, and losses during the Great Recession.
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GM stock rises above $33 for first time in 2 years
Tweet Share on Facebook 4:50PM May 17, 2013 CommentDETROIT (AP) — Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years.
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A year after IPO, Facebook aims to be ad colossus
Tweet Share on Facebook 4:02PM May 17, 2013 CommentNEW YORK (AP) — It was supposed to be our IPO, the people's public offering.
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Energy Dept. backs Texas LNG export plan
Tweet Share on Facebook 3:58PM May 17, 2013 CommentWASHINGTON (AP) — The Energy Department on Friday conditionally approved a Texas company's proposal to export liquefied natural gas, only the second such project allowed to move forward amid a production boom that has led to glut of domestic natural gas.
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Cyprus drops limits on 8 more foreign banks
Tweet Share on Facebook 2:51PM May 17, 2013 CommentNICOSIA, Cyprus (AP) — Cyprus has eliminated limits on money transfers and withdrawals for international clients of another eight foreign banks doing business in the debt-laden country.
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Mexico cuts growth outlet from 3.5 to 3.1 percent
Tweet Share on Facebook 2:32PM May 17, 2013 CommentMEXICO CITY (AP) — The Mexican government says it has cut its economic growth forecast for 2013 from 3.5 percent to 3.1 after exports stagnated and first-quarter GDP figures came in weak.
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Retirement tests if Beckham built lasting brand
Tweet Share on Facebook 1:47PM May 17, 2013 CommentPARIS (AP) — David Beckham's pecs are at least as much a part of his brand as his kick; his brand of shoes ultimately more lucrative than the game he's giving up. Listed as the world's highest-earning athlete for 2013, Beckham's retirement from play still leaves him with valuable endorsements and unparalleled celebrity. The question is whether he can maintain it.
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Italian Cabinet passes first economic measures
Tweet Share on Facebook 1:35PM May 17, 2013 CommentROME (AP) — Italy's new cross-party government has adopted its first measures to help the economy. They include suspending a tax on primary residences and allocating funds to extend a short-term layoff scheme.
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Fitch downgrades Slovenia amid banking concerns
Tweet Share on Facebook 1:00PM May 17, 2013 CommentLONDON (AP) — Fitch Ratings agency has downgraded Slovenia's credit grade by one notch, citing a weak economic outlook and a frail banking system.
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Brazil approves law to modernize ports
Tweet Share on Facebook 12:54PM May 17, 2013 CommentSAO PAULO (AP) — Brazil's Congress has approved legislation aimed at modernizing and expanding the country's overcrowded ports and attracting private investments in the sector.
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Bloomberg appoints ex-IBM CEO as privacy advisor
Tweet Share on Facebook 12:04PM May 17, 2013 CommentNEW YORK (AP) — Bloomberg LP, the financial news and information service, says it's appointing Samuel Palmisano, the former CEO of IBM, as an independent advisor on its privacy and data standards.
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Stocks rise on hopeful signs for the US economy
Tweet Share on Facebook 11:49AM May 17, 2013 CommentNEW YORK (AP) — Encouraging news about the U.S. economy helped push stock prices higher on Wall Street Friday.
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Glance: Europe's Key Institutions
Tweet Share on Facebook 11:39AM May 17, 2013 CommentFollowing the chaotic bailout of Cyprus, top European Union officials are saying it's time to rethink how the region manages its crisis — and who should be involved.
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Top officials call to overhaul euro institutions
Tweet Share on Facebook 11:28AM May 17, 2013 CommentBERLIN (AP) — Engineering a financial bailout for Cyprus in March was such a chaotic process that top European officials say it is time to rethink how the region manages its crisis — and who should be involved.
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Unemployment falls in 40 US states, rises in 3
Tweet Share on Facebook 11:00AM May 17, 2013 CommentWASHINGTON (AP) — Solid hiring helped push down unemployment rates in 40 U.S. states last month, the most since November. The declines show job markets are improving in most areas of the country.
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IMF says Cyprus at risk of even deeper recession
Tweet Share on Facebook 10:19AM May 17, 2013 CommentWASHINGTON (AP) — The International Monetary Fund says serious economic risks remain for Cyprus even after a big international bailout.
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Gauge of US economy's future health up in April
Tweet Share on Facebook 10:12AM May 17, 2013 CommentWASHINGTON (AP) — A measure of the U.S. economy's future health rose in solidly in April, buoyed by a sharp rise in applications to build new homes and apartments.
