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August 2009 - Posts
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WASHINGTON (dpa) -- The hugely popular cash-for-clunkers program is yet again running out of money and will be forced to come to a sudden end on Monday night, the White House announced Thursday. Nearly $2 billion worth of deals have already been submitted Read More...
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WASHINGTON (UPI) -- Phase one of the U.S. credit card reform law kicked in Thursday, a shield from widespread abuses, Senate Banking Committee Chairman Christopher Dodd said.... Read More...
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(SmarTrend(R) News Watch) -- Gap Inc. (NYSE:GPS) reported fiscal Q2 EPS of 33 cents, ex-items, beating the consensus estimates by one penny. Revenues for the quarter fell 7% year-over-year to $3.25 billion, inline with the consensus estimates.... Read More...
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Princeton returned to the top of the heap on U.S. News and World Report's 26th annual college and university rankings, released today, tying Harvard for the No.... Read More...
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WASHINGTON (dpa) - The White House issued a statement Thursday days the U.S. "deeply regrets" the decision to free Abdel Basset al- Megrahi, the Libyan convicted of the 1988 Lockerbie bombing .... Read More...
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A Massachusetts man is leading a boycott crusade against the earthy Whole Foods chain , whose chief executive has upset liberals for not embracing President Obama's healthcare proposals.... Read More...
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Some banks awarded federal bailout money have complained that Treasury Department rules limiting executive pay are too restrictive, inconsistent and have caused top employees to quit, says a new report by a federal government watchdog.... Read More...
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(SmarTrend(R) News Watch) -- Manufacturing in the Philadelphia region unexpectedly rose in August for the first time in almost a year, further supporting the notion that the recession may be coming to an end.... Read More...
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WASHINGTON (UPI) -- The volume of applications for U.S. mortgages increased last week, rising by a seasonally adjusted 5.6 percent, an industry group said. In the week ending Aug. 14, the four-week rolling average of the Market Composite Index, which Read More...
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WASHINGTON (dpa) - A key gauge of U.S. economic health rose for the fourth straight month in July, according to a private research group Thursday, as the country continues to look for signs that its deepest recession in decades is over.... Read More...
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For the first time since 2004, the index of leading economic indicators has climbed for four straight months. Six of the ten indicators that make up the LEI for the U.S. increased and the index climbed 0.6% in July, according to the Conference Board... Read More...
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Fort Carson soldiers are trying to be invisible in Afghanistan, keeping off the streets to avoid the appearance that the high-stakes presidential election Thursday is being influenced by American might.... Read More...
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JACKSON HOLE, Wyo. (UPI) -- U.S. Federal Reserve Chairman Ben Bernanke heads to a policymaker retreat Thursday with no signal yet from the White House on how he is doing at his job. His appointment as Fed chairman is up at the end of the year.... Read More...
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Wall Street opened flat Thursday as the number of U.S. workers filing new claims for jobless benefits unexpectedly increased last week. The U.S. Labor Department reported that initial claims for state unemployment insurance benefits rose by 15,000 to Read More...
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Rep. Barney Frank, D-Mass, drew applause at a town hall on healthcare when he asked a protester "on which planet do you spend most of your time?" A woman carrying a poster depicting President Barack Obama with ... Read More...
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Standard & Poor's released a report on August 19, predicting that China's GDP would rise by 7.5% to 8.0% in 2009 and hike by 8.0% to 8.5% in 2010. David Wyss, global chief economist of the financial analysis institution, believes that the government's Read More...
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NEW YORK (UPI) -- Award-winning U.S. news producer and "60 Minutes" creator Don Hewitt died Wednesday, CBS said. He was 86. Marilyn Berger, his wife of 30 years, told The New York Times he died of cancer at his home in Bridgehampton, N.Y.... Read More...
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SACRAMENTO (UPI) -- JPMorgan & Chase Co . has agreed to lend California $1.5 billion, allowing the state to end its IOU program ahead of schedule, state officials said.... Read More...
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NEW YORK (dpa) - Social networking website MySpace announced Wednesday that it would buy social music startup iLike, but didn't disclose the financial terms of the agreement.... Read More...
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NEW YORK (COMTEX) -- Wall Street fell Wednesday, though gains in health care and energy shares partially offset an early decline spurred by losses of equities throughout overseas markets. Merck & Co.... Read More...
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We're about two years into the era of " netbooks " -- mini-laptops that trade the higher performance of robust laptops for lower prices and much smaller form factors.... Read More...
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El banco central de Estados Unidos, conocido como la Reserva Federal, declaró que la actividad económica se está nivelando. En otras palabras, ha sido frenada la pronunciada caída en la producción y el empleo experimentada por la economía estadounidense Read More...
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The central bank of the United States, known as the Federal Reserve, declared that economic activity is leveling out. In other words, the steep fall in production and employment, experienced by the economy since the recession started in December 2007, Read More...
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The Show " Top Chef: Las Vegas " (Season 6) When -- Where Tonight at 9 on Bravo Reason To Watch It's TV's best cooking competition.... Read More...
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Do you remember how we told you that basketball's Shaquille O'Neal would be facing off against an intimidating lineup of superstars from other sports ? ... Read More...
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SACRAMENTO, Calif. - Former Hewlett-Packard CEO Carly Fiorina inched closer Tuesday toward a run for U.S.... Read More...
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Smart small business owners should always prepare and regularly update business continuity plans in case their operations are slowed or shut down entirely due to a natural or manmade disaster. But the push for planning is particularly strong this summer Read More...
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More green plus less square footage equals ... more green. Translation: "Green-built homes are picking up a lot of momentum across the country and the state ... one big component is smaller homes ...... Read More...
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Geneva (dpa) - The bank at the center of the Swiss-U.S. deal reached on Wednesday said it welcomed the agreement which would see confidential client data handed over to Washington, in return for an end to the ongoing lawsuit against UBS AG .... Read More...
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MIAMI (UPI via COMTEX) -- Hurricane Bill was intensifying over the Atlantic Ocean Wednesday with 135 mph winds that made it a Category 4 storm, forecasters in Miami said.... Read More...
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(SmarTrend(R) News Watch) -- According to a report from the Nikkei, Toyota Motor (NYSE:TM) has notified its key suppliers that it has boosted its global production plan to 5.95 million units from 5.8 million.... Read More...
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US carmaker General Motors Co will boost production by 60,000 vehicles by the end of the year to meet demand that has surged in recent weeks, largely due to the government cash-for-clunkers programme.... Read More...
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Democrats in Washington say they may rely mainly on Democratic votes on healthcare reform because GOP opposition is growing firmer, The New York Times reported. The newspaper said party leaders are shifting toward a partisan approach because of public Read More...
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General Motors Co. said Tuesday it would call back 1,350 laid off workers as sales jumped with the U.S. cash for clunkers program. Among the schedule changes, GM said it would keep an Orion Township, Mich., plant open through most of November.... Read More...
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CHICAGO -- Brand power takes on a whole new meaning on Twitter , where more than a million people follow Sockington, a tweeting feline who muses about litter boxes and salmon.... Read More...
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(SmarTrend(R) News Watch) -- Sony (NYSE:SNE) will launch a thinner, more affordable version of its PlayStation 3 in September in an attempt to win share from Nintendo (OTC:NTDOY) and Microsoft's (NASDAQ:MSFT) Xbox 360, according to a Reuters report... Read More...
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WASHINGTON (AFNS) -- Google is tinkering with a new service that could transform the way troops on the frontlines communicate with their families on the homefront.... Read More...
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KABUL (Xinhua via COMTEX) -- Afghans are going to vote on August 20, 2009 for the second time, electing their own president after the Taliban regime was toppled by U.S.-led invasion in 2001. Among all the remaining 32 nominees for the office of presidency, Read More...
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When it comes to feeling the love from consumers, Apple remains atop the PC heap, while Detroit is pleasing more customers with its cars, according to the American Customer Satisfaction Index , which is being released today.... Read More...
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NEW YORK (dpa) - U.S. stocks rose Tuesday, after positive earnings from some major retailers and an earlier rally on European markets. Target Corp and Home Depot Inc both posted smaller-than-expected declines in second-quarter profits.... Read More...
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(SmarTrend(R) News Watch) -- Hewlett-Packard (NYSE:HPQ) reported fiscal Q3 EPS of 91 cents, ex-items, topping consensus estimates by a penny. Revenues in the quarter slipped 2% year-over-year to $27.45 billion, but managed to come in ahead of consensus Read More...
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Former two-term mayor of San Jose, Calif., Ron Gonzales, has been appointed to become President and CEO of the Hispanic Foundation of Silicon Valley .... Read More...
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According to Gossip Cop , Monday night 'Jenny from the block' hosted 'Sonia from the bench'.... Read More...
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In a precedent-setting case that many anonymous bloggers will no doubt find troubling -- especially the mean-spirited ones -- a judge ruled yesterday that the creator of a blog dedicated to ripping on a 37-year-old former Vogue cover model must release Read More...
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Venezuelan President Hugo Chavez is coming under fire from the U.S.... Read More...
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Networking is the most effective tool for those looking for a job, says a report released Aug. 17 by global outplacement consultancy Challenger, Gray & Christmas. The survey, given to hiring executives, also found that social/professional networking sites, Read More...
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NEW YORK (dpa) -- Reader's Digest , once a favorite monthly magazine found in doctors' offices and on coffee tables, has filed for bankruptcy to cut a $2.2 billion debt, The Wall Street Journal said Tuesday.... Read More...
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STOCKHOLM, Sweden (UPI) -- General Motors Co. said it had agreed to sell Saab Automobiles in Sweden to the Koenigsegg Group, a consortium of European buyers. Koenigsegg confirmed they had reached a stock purchase agreement that is expected to close in Read More...
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WASHINGTON (Xinhua) -- U.S. home construction dropped 1.0 percent in July, missing expectations, according to a government report released Tuesday. The Commerce Department said that privately-owned housing starts fell at a seasonally adjusted annual rate Read More...
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WASHINGTON (Xinhua) -- The U.S. wholesale prices declined 0.9 percent in July, a sharp drop that outpaced economists' expectation, the U.S. Department of Labor reported Tuesday. The drop in last month's wholesale prices, known as the Producer Price Index Read More...
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WASHINGTON -- The U.S. won't have nearly as much swine flu vaccine ready by mid-October as long predicted -- 45 million doses instead of the anticipated 120 million. Department of Health and Human Services spokesman Bill Hall said Monday more will arrive Read More...
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(SmarTrend(R) News Watch) -- The Commerce Department reported that U.S. housing starts fell 1% overall in July, dragged down by work on multi-family homes, which fell 13% to an annual rate of 91,000, according to a Bloomberg report.... Read More...
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(SmarTrend(R) News Watch) -- CIT Group (NYSE:CIT) said in a Monday regulatory filing that it lost $1.68 billion in the second quarter as borrowing costs exceeded lending income, according to an AP report.... Read More...
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WASHINGTON (UPI) -- A White House spokesman says the home of the U.S. president is changing its e-mail signup procedures to avoid sending out unwanted e-mails. White House spokesman Nick Shapiro said in a statement the apparent need for e-mail changes Read More...
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BRASILIA -- A leading reason for President Felipe Calderon's 3-nation trip through South America is to look for new markets for Mexican goods. "Our fundamental dependency on the United States economy explains why Mexico was so badly affected in this global Read More...
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Investors worldwide will look at U.S. building starts Tuesday as a signal that the U.S. consumer is ready to put hammer and nail into an economic recovery. The U.S. consumer is the great unknown. Consumers can be lead to water with low interest rates Read More...
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Computer maker Dell Inc. took its first step into the mobile handset business with the release of the Mini3i in China Monday, China Mobile said. Dell's move into the phone business was coordinated with launch of China Mobile's new online retail store Read More...
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The state of Florida is showing its first population decline in more than 60 years, and economists are blaming the bad economy in a state many consider to be "ground zero" for the housing bubble.... Read More...
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A Florida man and two unnamed Russians were charged today in connection with the largest data theft in U.S. history, in which data from millions of credit cards were allegedly swiped from major retail chains such as 7-Eleven.... Read More...
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In 1971 President Richard Nixon and a Brazilian dictator contemplated supporting a military coup to overthrow Fidel Castro's Communist regime in Cuba, according to recently declassified "top secret" White House documents.... Read More...
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(WENN) -- Desperate Housewives star Eva Longoria Parker is determined to carve out a career as a successful businesswoman - she plans to expand her restaurant chain into America's airports. The actress opened her first eaterie, Beso, in Los Angeles in Read More...
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LOS ANGELES, (UPI) -- Jessica Simpson's publicist denied a newspaper report the singer-actress is campaigning to take over for Paula Abdul as an "American Idol" judge.... Read More...
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NEW YORK (UPI) -- U.S. markets tumbled Monday, reflecting continued doubts about the economic recovery. Following downturns in Asia and Europe, the Dow Jones industrial average plunged 186.06 points or 2 percent to 9,135.34.... Read More...
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(SmarTrend(R) News Watch) -- New York Attorney General Andrew Cuomo filed a suit against Charles Schwab Corp. (NASDAQ:SCHW) claiming that the firm misled customers concerning the safety of auction-rate securities.... Read More...
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New Orleans anchor Lucy Bustamante is the latest winner of the contest in which local anchors from around the country are selected to sit opposite Regis Philbin on the "Live! With Regis and Kelly" show.... Read More...
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A majority of Americans believe the $787 billion stimulus package signed into law by President Obama in February is not helping the economy, according to a a poll commissioned by USA Today .... Read More...
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It's the great " Dancing With the Stars " debate once again.... Read More...
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The second tropical storm of the 2009 Atlantic season became Hurricane Bill overnight and is now barreling westward toward the Lesser Antilles with 75 mph winds.... Read More...
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CASTRO VALLEY -- For her first order of business -- signing her name on the American dollar bill -- Rosie Rios consulted an important 9-year-old in her life. "My daughter Brooke was helping me practice by providing me lined paper," said Rios, who will Read More...
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WASHINGTON (UPI) -- Most Americans said they think the infusion of cash into the economy costs too much and has done too little to end the recession, a USA Today poll indicates. The USA TODAY/Gallup Poll released Monday indicated 57 percent of respondents Read More...
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Ten thousand interest-free loans are expected to be made to small businesses under a new federal program launched in June, but so far many banks aren't participating. Loans are trickling out with only a half-dozen made in Maryland.... Read More...
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A wizard, robots and a cartoon curmudgeon have helped boost the movie box office, but so has an economic villain the likes of which the United States hasn't seen since the Great Depression. When times are bad, the silver screen has done pretty well, theater Read More...
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Hundreds of newly minted physicians can benefit from a California program that offers them help paying off their student loans in exchange for a commitment to work three years in poor neighborhoods. "With this program we want to bring more doctors to Read More...
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Q: My wife has developed a plant-based health product with antioxidants that she is selling direct to consumers from a Web site. What's the best way to attract customers? -- M.M., Orange County, CA A: Your first assignment is not to attract customers, Read More...
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CHASKA, Minn.-Make room, Francis Ouimet and Jack Fleck, for another myth-busting, giant-killing, long-shot dream come true. Y.E. Yang, a 37-year-old Korean ranked No. 110 in the world and without a top-25 finish in seven previous major championship appearances, Read More...
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Under pressure to pick a Hispanic to replace U.S. Sen. Mel Martinez, Gov. Charlie Crist said Friday that U.S. Rep. Lincoln Diaz-Balart and former U.S.... Read More...
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(SmarTrend(R) News Watch) -- The Federal Reserve Board and Treasury Department announced Monday that they have approved an extension of TALF, but will not add any options for types of collateral eligible for the program at this time.... Read More...
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The Federal Reserve Bank of New York released its August reading on manufacturing in the New York region showing growth for the first time in over a year, confirming indications that the worst recession since the 1930's may be nearing an end.... Read More...
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The forum had been under way for only a few minutes when Sen. Olympia Snowe brought up an issue clearly on the minds of many in the audience at Husson University -- and the rest of the country, for that matter.... Read More...
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Some light showed up at the end of the recession tunnel past week as France and Germany announced unexpected returns to the growth path, which means that four of the world's five largest economies and six of the top 10 are now not in recession.... Read More...
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WASHINGTON (dpa) -- Fiat appeared poised to make its debut on the U.S. market with the Fiat 500, which it plans to build in Mexico, The Wall Street Journal reported Sunday quoting unnamed sources. The Italian carmaker has taken over management of the Read More...
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Hispanic business owners should take much more advantage of government contracts and business created by renewable-energy projects, David Lizarraga, chairman of the board of the U.S. Hispanic Chamber of Commerce, said.... Read More...
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CHICAGO (UPI via COMTEX) -- Billionaire Sam Zell may be forced out of the Tribune Co., despite improvements in the Chicago media company's cash assets, sources close to the talks said. In a recent financial report filed in federal bankruptcy court, the Read More...
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SAN FRANCISCO (UPI via COMTEX) -- U.S. clothing retailer Gap Inc. has revamped its denim line up to capture more market share in the premium blue jean business, the company said. "Denim is our birthright.... Read More...
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Scientists have discovered a planet 1,000 light years from Earth that is twice the size of Jupiter and has an extremely odd characteristic: It orbits its sun in the wrong direction.... Read More...
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Two air traffic controllers were suspended Thursday after it was discovered they were neglecting their duties when a helicopter collided with a plane over the Hudson River in New York last weekend, killing all nine aboard.... Read More...
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Washington (dpa) - Consumer prices have dropped 2.1 percent over the past year, the sharpest decline in nearly six decades, raising concerns that the U.S. economy is shrinking, the Labor Department said Friday.... Read More...
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Consumer prices in the United States were unchanged in the month of July, the Labour Department said Friday. The figure compared to a 0.7-per-cent increase in June and signalled that fears of high inflation have yet to materialize as the US economy recovers Read More...
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According to a report from the University of Michigan, consumer confidence fell in August to 63.2 from 66.0 in July, and below economists' expectations of 68.5. "Consumers reported much less favorable assessments of their personal finances even as they Read More...
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The Federal Reserve reported Friday morning that U.S. industrial production increased 0.5% in July, marking the first monthly increase since december 2007 (with the exception of a hurricane-related rebound in October 2008). Consensus estimates had forecast Read More...
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Memories of Woodstock, the rock-'n'-roll festival he helped create, haunt Artie Kornfeld still: the cops opening fire on the crowd of stunned hippies, body parts flying everywhere, the dying screams of musicians as the stage burst into flames, the rapes Read More...
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News that the Eagles had signed quarterback Michael Vick, a convicted animal abuser, was met with swift outrage last night by members of Philadelphia's animal-welfare community. Many said they were concerned that the move would cast a pall over a state Read More...
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To mark the 40th anniversary of Woodstock, there is a flood of festival-oriented DVDs, CDs, books, films, concerts and TV shows. These are some of the highlights: --DVDs: Warner Home Video has released an ultimate "collector's edition" of Michael Wadleigh's Read More...
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New York (dpa) - U.S. aerospace giant Boeing confirmed Friday that it was halting work at a plant in Italy amid further technical problems with its already-behind-schedule Dreamliner 787 plane. Boeing said a production flaw had been found at the Alenia Read More...
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WASHINGTON -- U.S. President Barack Obama will hold two more town hall meetings on the divisive issue of healthcare reform, a White House official said Thursday. White House Press Secretary Robert Gibbs said Obama would hold town hall meetings Friday Read More...
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Ticketmaster (NASDAQ:TKTM) reported Q2 EPS of 20 cents, missing consensus estimates of 24 cents. Revenues in the quarter fell 7% year-over-year to $355.1 million, and came in short of consensus estimates of $396.2 million.... Read More...
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Microsoft's (NASDAQ:MSFT) new Zune HD has appeared on Amazon.com (NASDAQ:AMZN), and is available for pre-order, according to BoyGeniusReport. The 16GB model will launch at $219.99, and the 32GB model will be $289.99, compared to Apple (NASDAQ:AAPL) iPod Read More...
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California will stop paying bills with IOUs on Sept. 4 and plans to redeem outstanding notes that same day, ending a "shameful chapter in the state's history," state Controller John Chiang said Thursday.... Read More...
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The Senate Finance Committee has dropped a provision from a healthcare bill covering consultations on end-of-life care, an aide said Thursday. The consultations would have allowed the elderly to talk to doctors about living wills and how to ensure their Read More...
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The U.S. Treasury and Energy departments said Thursday they have launched a $2.3 billion effort to provide tax credits to makers of clean energy equipment. Using funds from the federal American Recovery and Reinvestment Act, or economic stimulus bill, Read More...
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The U.S. Federal Reserve signaled a cautious approach to an economic recovery to avert inflation, economists said Thursday. The Fed said Wednesday it would unwind a $300 government bond purchasing program, showing confidence that positive economic data Read More...
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A number of U.S. advertisers say they have decided not to run ads on Fox News Channel's "The Glenn Beck Program" after complaints by viewers. The complaints followed a recent incident in which Beck said President Barack Obama is a "racist" who has a "deep-seated Read More...
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Les Paul, the eclectic hit-maker of the 1950s and inventor of various recording techniques as well as a namesake guitar, died of complications from pneumonia today in the New York City suburb of White Plains.... Read More...
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Got a clunker, but don't know what to buy? Fear not, we've done some of the work for you. Thanks to the government's Consumer Assistance to Recycle and Save (CARS) program, also known as Cash for Clunkers, right now is a great time to buy a car.... Read More...
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Thinking about trading in your clunker for a nice, new, fuel-efficient car? ... Read More...
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Does your car qualify for a voucher? Input your existing vehicle and if we believe it may qualify as a trade-in under the Cash for Clunkers (CARS) program, we'll return a set of all the new vehicles that we believe may qualify as new vehicles under the Read More...
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Later this month, when Jose Hernandez joins the ranks of the dozen or so Hispanic astronauts -- and the handful of Mexican-Hispanics -- who have ventured into space, the gravity-defying thrust of the rockets will serve as a symbol of his life's journey... Read More...
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WASHINGTON (UPI) -- Top House Democrats urged the Obama administration Wednesday to limit executive compensation at companies that received billions in government bailout money. In a letter to Treasury Secretary Timothy Geithner, House Speaker Nancy Pelosi Read More...
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WASHINGTON (UPI) -- The U.S. Treasury and Energy departments said Thursday they have launched a $2.3 billion effort to provide tax credits to makers of clean energy equipment.... Read More...
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Por segunda semana consecutiva, la economía de Estados Unidos ha exhibido un indicador de desempeño positivo. Hace dos semanas, fue la sorprendente contracción de sólo 1 por ciento en el crecimiento económico, durante el segundo trimestre.... Read More...
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For the second consecutive week, the U.S. economy has exhibited an indicator of positive performance. Two weeks ago, it was the surprising negative 1 percent in economic growth for the second quarter, which ended in June.... Read More...
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In case a single Web site brought to you by Perez Hilton isn't enough, the self-proclaimed Queen of All Media has launched a second one.... Read More...
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The California Public Employees' Retirement System ( CalPERS ) today expressed strong opposition to an amendment passed by the House Energy and Commerce Committee, calling the legislation a "failed opportunity" to deliver on billions of dollars in savings Read More...
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NEW YORK (dpa) -- Ford said Thursday it will boost production of small cars in the coming months to keep up with the demand spurred by the government " cash for clunkers " program in the United States.... Read More...
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With one-third of Hispanic American adults uninsured, the Hispanic Alliance for Prosperity Institute today urged Congress to work through its planned August recess to streamline America's health care system.... Read More...
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Washington (dpa) -- Retail sales in the United States dipped unexpectedly in July, a sign of continuing unease among consumers as the economy struggles to emerge from its deep recession, the Commerce Department said Thursday.... Read More...
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WASHINGTON (UPI) -- Words spoken on the campaign trail are coming back to haunt U.S. President Barack Obama, former White House adviser Karl Rove wrote in a commentary. "Team Obama is suffering from Extended Campaign Syndrome," Rove wrote in an op-ed Read More...
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The 91st PGA Championship is underway at Hazeltine National Gold Club in Chaska, Minn.... Read More...
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The Federal Reserve on Wednesday gave its most upbeat assessment of the American economy since the financial crisis unfolded, adding its voice to a number of recent reports suggesting that the great recession was ending.... Read More...
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U.S. automaker General Motors Co. plans to spend big on advertising to market its brands and get consumers into showrooms, the company said Wednesday. Officials from the Detroit automaker said that it will boost spending on advertising its four remaining Read More...
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NEW YORK (UPI) -- U.S. markets turned higher Wednesday, following a two-day skid that showed the economic recovery is more tentative than some experts expected. The Bureau of Economic Analysis said the U.S.... Read More...
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The economic pillars of the business world have fallen, but HispanicBusiness Magazine's 100 Fastest-Growing companies have figured out that the recession need not be insurmountable.... Read More...
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Vienna (dpa) - A giant tribute concert is being planned for Vienna next month to remember Michael Jackson, three months after the King of Pop's death. The September 26 concert will be held at the Schoenbrunn Palace and is to be broadcast worldwide... Read More...
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WASHINGTON (UPI) -- U.S. President Barack Obama bestowed Presidential Medal of Freedom awards Wednesday to 16 activists, actors, athletes and other international luminaries. At a ceremony in the East Room of the White House, Obama awarded the medals to Read More...
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In this tumultuous economy, companies big and small are scaling back. They are looking to reduce costs and boost revenues to survive the recession.... Read More...
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The national economy might be in the doldrums, but the budget of the 2010 Census is bigger than ever. At $15 billion, the outlay for the once-a-decade event is about three times the amount of the Census budget in 2000.... Read More...
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The Federal Reserve kept its benchmark interest rate at near 0 per cent on Wednesday and showed no signs of changing course as the United States begins to emerge from a 20-month recession. The central bank in a statement pointed to signs that US economic Read More...
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Conceived by its founders as a gadget site where fans could "hang out all day," gdgt combines a sleek interface, gadget database, and social networking-style features to create a forum where the devices are the stars .... Read More...
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Today, the United States soccer team takes on Mexico in Mexico City. At stake? A bid to qualify for the World Cup. Lucky for fans, it's available on television, scheduled to start at 12:55 PDT.... Read More...
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Tony Jimenez, a veteran, knows the value of a military education. A former lieutenant colonel in the U.S. Army, Mr. Jimenez learned self-discipline, how to work smart, and how to motivate others. He also received a business education through the military Read More...
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Tony Jimenez, CEO of MicroTech LLC , the Virginia-based information technology company that ranked No. 1 on our annual 100 Fastest-Growing Companies list, is not only the chief executive of this year's fastest-growing Hispanic small business.... Read More...
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The Obama administration has neither ruled out nor settled on the military prison at Fort Leavenworth, Kan., to incarcerate detainees from Guantanamo as part of the White House closure plan, a spokesman said Tuesday.... Read More...
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SEOUL (UPI) -- The United States has until 2012 to persuade North Korea to give up its nuclear program, a former U.S. diplomat says. North Korea has a stated goal of becoming strong and prosperous by 2012, the centennial anniversary of the national founder Read More...
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WASHINGTON (UPI) -- The U.S. trade deficit grew by an even $1 billion in June, less than economists predicted, the Bureau of Economic Analysis said Wednesday.... Read More...
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(SmarTrend(R) News Watch) -- Economists surveyed by the Wall Street Journal are almost unanimous in their support for a second term for Ben Bernanke, and 71% expect President Barrack Obama to reappoint him.... Read More...
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Wall Street opened slightly higher Wednesday as financial stocks rebounded while investors awaited the results of a key Federal Reserve Board meeting. Investors were keeping a close eye on the Fed's two-day meeting that began Tuesday.... Read More...
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The dollar fell against most major currencies on Tuesday as investors were waiting for the outcome of a two-day monetary policy meeting of the U.S. Federal Reserve. The Fed is widely expected to keep key rate at zero to 0.25 percent while expressing some Read More...
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Karl Rove and other top officials in George W. Bush's White House were deeply involved in pushing for the ouster of several U.S. attorneys, notably including one in New Mexico, according to testimony and e-mails that the House of Representatives Judiciary Read More...
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Microsoft (NASDAQ:MSFT), the world's largest software maker, and Nokia, the biggest mobile phone maker globally, were to announce a partnership Wednesday that would enable Microsoft Office to run on Nokia phones, US media reports said.... Read More...
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Bernard Madoff's former finance chief admitted his role in the worst financial scandal in history on Tuesday, pleading guilty to fraud and other charges in a federal court. Frank DiPascali, 52, is only the second person to admit guilt in Madoff's 65-billion-dollar Read More...
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Former President Bill Clinton told attendees at a conference on clean energy in Nevada going green is both good for the planet and for business. Clinton was the keynote speaker Monday at the National Clean Energy Summit 2.0 at the University of Nevada Read More...
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Investors were given two views of the Troubled Asset Relief Program this week, which a U.S. government panel said had sidestepped its primary target. The Congressional oversight panel, led by Harvard Law School professor Elizabeth Warren, said the TARP Read More...
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Google lifted the lid a bit Tuesday on a once-secret project -- called " Caffeine " -- to improve its search engine. Caffeine doesn't look any different from the old Google search engine, but it ranks results differently.... Read More...
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Amsterdam (dpa) - Dutch banking and insurance giant ING made a modest 71 million euro ($100 million) profit in the second quarter of 2009, the group said in a report released on Wednesday. However, net results were below analysts' expectations.... Read More...
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A moderate Democrat Congressman from Georgia today found a swastika painted on the doorway to his office, several days after a raucous crowd disrupted his town-hall meeting to air their complaints about healthcare reform.... Read More...
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DETROIT (UPI) -- General Motors Co . has what may be an impossible task in repaying U.S. taxpayers their $50 billion investment in the restructured company, analysts said.... Read More...
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SAN ANTONIO (UPI) -- SAN ANTONIO (UPI) -- Boeing Co . said it would pay a $2 million fine to settle allegations it inflated maintenance bills for a U.S.... Read More...
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(SmarTrend(R) News Watch) -- Clearwire (NASDAQ:CLWR) reported a Q2 loss of $0.38 per share, better than consensus estimates for a loss of $0.39. Revenues for the quarter rose 8.6% year-over-year to $63.6 million, falling shy of consensus estimates of Read More...
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Good economic news is bad gas-price news for motorists. Even though demand for gasoline is poor, prices have been rising in lockstep with the optimistic stock market. "When we get positive economic news, we're seeing oil prices go up," said Windy VanCuren Read More...
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NEW YORK (Xinhua) -- Wall Street tumbled on Tuesday due to a dive of financial stocks as investors awaited the U.S. Federal Reserve's two-day meeting on key interest rates. The financial sector of the S&P 500 shed 3.5 percent while the KBW Bank Index Read More...
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Hispanic small business owners met Tuesday in Caldwell, Idaho for a health care reform roundtable and news conference. The Idaho Main Street Alliance Small Business Coalition for Health Care Reform sponsored the event. The coalition consists of more than Read More...
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HOLLYWOOD (UPI) -- The vampire movie, "Twilight," slew the competition during the 11th annual Teen Choice award ceremonies, winning 11 trophies at the Hollywood event. The film won for best drama, and captured acting awards for leads Robert Pattinson Read More...
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Wal-Mart over the years has been accused of busting unions, crushing mom-and-pop competitors, purchasing goods from sweatshops and skimping on its employees' health care.... Read More...
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MUES ePowerlunch Webinar Series The MUES ePowerlunch Webinar Series consists of six distinct panel discussions with a focus on small business essentials.... Read More...
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Another "jobless recovery" is likely -- at least for several months to come. The slight drop in the national unemployment rate in July, from 9.5 percent to 9.4 percent, sent the optimistic signal that employment may have begun a rebound. But economists Read More...
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This is the first recession to wipe out all job gains that the previous recession's recovery produced, but Western states except California are holding up better than the nation as a whole, according to the Western States Blue Chip Economic Forecast released Read More...
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The national jobless rate flirted with hitting 10 percent before falling a notch in July. Still, the economy is troubled. (And that's true without considering the unofficial jobless rate that includes people who want full-time jobs but are working part-time Read More...
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Manufacturing is showing signs of life, employment is steadying, and the stock market has come way off its lows. Even one stubborn regional indicator of global economic health, the number of freight trains plying the tracks along the Schuylkill, has been Read More...
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NEW YORK (Xinhua) -- Wall Street opened slightly lower Tuesday, as investors digested new data on productivity and awaited wholesale inventories numbers and the Federal Reserve's two-day meeting on key interest rates.... Read More...
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WASHINGTON (UPI) -- The U.S. Labor Department said non-farm productivity shot up in the second quarter, as work hours continued to fall faster than output. Productivity gained 6.4 percent on an annual basis in the non-farm business sector, the sharpest Read More...
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Eunice Kennedy Shriver, a champion of the mentally retarded, the wife of a one-time vice presidential candidate and the sister of a president, died early Tuesday surrounded by relatives at a Hyannis hospital.... Read More...
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WASHINGTON (UPI) -- The $700 billion Troubled Asset Relief Program has failed in its stated mission of relieving U.S.... Read More...
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Social networking site Facebook.com agreed to acquire upcoming social media startup FriendFeed. FriendFeed is similar to the well-known Twitter site, however, not as popular and is comprised of various Google (NASDAQ:GOOG) veterans.... Read More...
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PALO ALTO, Calif. (UPI) -- The proprietors of the Facebook social media Web site say they have launched a new search engine allowing users to sort postings by keyword.... Read More...
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EL PASO -- Yolanda Garcia Olivarez has been appointed regional administrator for the U.S. Small Business Administration district that includes El Paso. Headquartered in Dallas, Region VI of the SBA includes Texas, New Mexico, Arkansas, Louisiana and Oklahoma... Read More...
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(SmarTrend(R) News Watch) -- General Motors Corp . announced its Chevrolet Volt , a rechargeable electric car, should get about 230 miles per gallon of gasoline in city driving.... Read More...
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Marketers are more optimistic about the economy than six months ago, but still recognize that low prices are consumers' top priority, according to a new survey by a Duke University professor. The third semi-annual Chief Marketing Officer Survey showed Read More...
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Demand for the Toyota (NYSE:TM) Prius has surged since the release of its 2010 model, particularly in Japan, as rising gas prices and government incentives send consumers queuing up in a waiting list that some are reporting is 10 months long, according Read More...
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In an effort to reach out to Hispanics, Walden University , a distance-learning institution headquartered in Minneapolis, is launching an online bachelor's-of-science degree in business administration, to be taught in Spanish.... Read More...
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The current economic downturn has hit 401(k) retirement plans hard, and left millions of Americans wondering whether their 401(k) will bounce back and provide enough income in their retirement years. Several Web sites offer a wealth of information about Read More...
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COLLEGE PARK, Md. (UPI) -- University of Maryland economist Peter Morici said the Great Recession will return once stimulus money from the American Recovery and Reinvestment Act is spent. The reason, he said, is the size of the U.S.... Read More...
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A few months ago, we put Zagg's invisibleSHIELD phone/product protector to the test, and were generally pleased with the results .... Read More...
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NEW YORK (UPI) -- U.S. markets headed lower Monday, turning away from Friday's rally that was sparked by news the unemployment rate dropped to 9.4 percent. The dip in the jobless figure surprised economists, who had predicted the July unemployment rate Read More...
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Bacon has become the salty yin to the sweet yang of cupcakes, ice creams, bread puddings and chocolate pastries -- and it's showing up everywhere from haute cuisine menus to state fair fare around the world.... Read More...
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Charles Perez , the news anchor from Miami who last week accused his station of firing him for being gay, wrote in a guest column for today's Daily Beast that he was told by higher-ups at WPLG-ABC to avoid having kids or getting married.... Read More...
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Facebook . LinkedIn . Twitter . Social media may be here to stay, but for small businesses, it can be a challenge to figure out where to devote time and resources.... Read More...
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WASHINGTON (UPI)-- The U.S. Consumer Product Safety Commission announced a voluntary recall of Black & Decker lawn trimmers due to a laceration hazard. The Black & Decker GH1000 Grasshog XP String Trimmer/Edgers have caused numerous injuries due to the Read More...
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The entrepreneurs of Cleveland are hoping that next time you think of their city, you'll think "green" [rather than thinking of, say, the Cuyahoga River on fire]. At the forefront of Cleveland's green thinking is a nonprofit called Entrepreneurs for Sustainability Read More...
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WASHINGTON (dpa) - The United States' commander in Afghanistan announced a change of strategy in that country, warning that insurgents with the Islamist extremist Taliban had made advances, the Wall Street Journal reported on Monday.... Read More...
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The mortgage crisis is so far from being resolved. Five months into the Making Home Affordable program, the Treasury Department reports that only 15 percent of homeowners eligible for the loan modification program have been offered help.... Read More...
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Some nonprofit organizations in the region fear the federal government's " cash-for-clunkers " program may siphon away cars that otherwise would have been donated to them to help pay for social service programs.... Read More...
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Microsoft is selling its digital ad agency Razorfish to French media company Publicis for $530 million in cash and stock, the two companies announced.... Read More...
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(UPI) -- Asian markets were mixed Monday while European markets fell slightly with investors in export markets digesting last week's U.S. employment news. The U.S. Labor Department said Friday the unemployment rate dropped to 9.4 percent, a turnaround Read More...
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Princeton University Economist, Paul Krugman, believes that Ben Bernanke deserves another term as Federal Reserve Chairman based on his success in battling the financial crisis. Krugman said, "He's earned the right to a second term.... Read More...
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In California's public school classrooms, students may soon not be the only ones worrying about their grades. Faced with a dire choice over being loyal to the state's powerful teachers union or claiming their share of billions of dollars in new federal Read More...
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Microsoft has agreed to sell its online marketing agency Razorfish to French ad giant Publicis in a deal worth 530 million dollars, the companies said Sunday. Microsoft acquired Razorfish in 2007 as part of its 6-billion-dollar takeover of online ad firm Read More...
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The economic stimulus plan authored by U.S. President Barack Obama and passed by Congress has "given the country hope," New York Mayor Michael Bloomberg says. Bloomberg, an independent running for a third term as New York's mayor, praised Obama's stimulus Read More...
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Sonia Sotomayor was sworn in Saturday to the US Supreme Court, making her the first Hispanic to serve on the country's highest bench. The swearing-in of the 55-year-old came two days after the Senate voted 68-31 to approve President Barack Obama's pick... Read More...
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Cocaine may have played a role in the death in June of boisterous TV pitchman Billy Mays, according to an autopsy report released Friday.... Read More...
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Special Olympics founder Eunice Kennedy Shriver was taken to the hospital in Cape Cod, where she is in critical but stable condition, according to a statement from the family.... Read More...
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EAST LOS ANGELES -- Pan American Bank (Los Angeles) today recognized the achievements of its founder and Chairwoman, Romana Acosta Banuelos, for setting the example and opening the door to Hispanic women to serve at the highest levels of government... Read More...
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Stockholders of pharmaceutical giant Merck & Co and competitor Schering-Plough Corp on Friday both approved a merger of the companies valued at 41.1 billion dollars. The deal announced in March would double the number of medicines under the final stages Read More...
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U.S. markets jumped Friday after the Labor Department said the unemployment rate improved in July, falling from 9.5 percent to 9.4 percent. The jobless rate shifted on the loss of of 247,000 jobs, about 100,000 fewer than economists predicted.... Read More...
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President Barack Obama said the U.S. economy had turned in the right direction and that new policies had pulled the economy from a potential "catastrophe." "While we've rescued our economy from catastrophe, we've also begun to build a new foundation for Read More...
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A Florida TV station has fired openly gay anchor Charles Perez, just days after he had filed a discrimination case against the company, in which Perez said he was demoted for reasons tied to his sexual orientation.... Read More...
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Somebody blasted Twitter out of its tree Thursday morning. The furious "tweeting" of the social media site, which has grown louder and louder this year, was suddenly silenced for more than two hours due to an Internet spam attack. Service remained spotty Read More...
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North Carolina's annual tax-free weekend has always been an ideal time to buy expensive computers, saving consumers hundreds of dollars. This year, though, 6.75-percent savings on books, T-shirts and basketballs matter. Every penny counts.... Read More...
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South Carolina's annual tax-free weekend runs today through midnight Sunday -- giving shoppers a break from the 6 percent to 8 percent sales tax charged in South Carolina for many items used for school and college.... Read More...
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The U.S. unemployment rate for July dropped slightly to 9.4 percent due to fewer job losses, the Labor Department said Friday. Non-farm payroll jobs declined by 247,000, far less than expected, shaving one tick off the unemployment rate, which was at Read More...
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ISLAMABAD, Aug 07, 2009 (Xinhua via COMTEX) -- Pakistani Foreign Minister Shah Mehmood Qureshi said Friday that the intelligence sources had confirmed the death of the Pakistani Taliban chief Baitullah Mehsud, local TV channels reported.... Read More...
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U.S. car maker Ford Motor Co (NYSE: F) will make a final decision about the sale of its Swedish unit Volvo Cars this month, knowledgeable sources told Thursday Swedish business daily Dagens Industri (DI).... Read More...
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WASHINGTON - Justice Sonia Sotomayor will bring something new and different to the Supreme Court, and far beyond the fact that she will be its first Latina. Her background and experiences undoubtedly will affect her thinking and influence her decisions, Read More...
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American International Group (AIG), which had to be rescued from insolvency by the US government, reported a second quarter profit on Friday after nearly two years of huge losses. The world's biggest insurance company said it turned in a profit of 311 Read More...
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Two former American International Group executives will pay fines but will neither deny nor admit to accounting allegations, U.S. regulators said Thursday. The Securities and Exchange Commission accused former Chief Executive Maurice "Hank" Greenberg Read More...
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The Labor Department reported its July reading on nonfarm payrolls came in showing a smaller than expected contraction of 247,000, vs. consensus estimates of a 320,000 decline, compared to June's revised 443,000 contraction. Meanwhile, unemployment actually Read More...
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Sonia Sotomayor would bring more dynamics to the U.S. Supreme Court that she was confirmed by the Senate to sit on, said a scholar on Thursday. As the first Hispanic and the third female justice on the country's highest court, Sotomayor would bring her Read More...
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London - The Royal Bank of Scotland, which was at the center of last year's banking crisis in Britain, has inched back into the black with a pre-tax profit of 15 million pounds (25.3 million dollars) in the first half of 2009, it was reported Friday... Read More...
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Washington (dpa) - US unemployment is heading toward double digits. From Manhattan to Maui, belts are being tightened, and many of the 50 US states are facing unprecedented budget crises. The worst US economic downturn in 80 years has penetrated every Read More...
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New York (dpa) - U.S. stocks fell Thursday as investors held back ahead of government unemployment figures that are expected to show the highest rate in more than a quarter century. The unemployment rate rose to 9.5 percent in June and is expected to Read More...
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We've heard of dolls that eat, drink and sleep, but ***-feed? That's the concept behind a controversial new doll, available only in Spain. Called Bebe Gloton -- which translates loosely into "greedy baby" -- the toy is meant to promote the idea of *** Read More...
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For some entrepreneurs, the path to riches began with a credit card. Take the makers of the 1999 hit movie " The Blair Witch Project ." The film was financed almost exclusively with $35,000 in credit card debt. It grossed more than $250 million.... Read More...
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Multiple sources are reporting that John Hughes , the filmmaker responsible for iconic 1980s fare ' The Breakfast Club ,' 'Pretty in Pink,' 'Sixteen Candles,' and 'Home Alone', has died at the age of 59.... Read More...
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MIAMI (UPI) -- Different Hispanic groups have higher rates of certain cancers if they live in the United States rather than in their home countries, a study indicates. "Hispanics are not all the same with regard to their cancer experience," said Dr... Read More...
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(SmarTrend(R) News Watch) -- CBS Corp. (NYSE:CBS) reported fiscal Q2 EPS of 8 cents, ex-items, beating the consensus estimates by one penny. Revenues for the quarter fell 11% year-over-year to $3.01 billion, missing the consensus estimates of $3.04 billion... Read More...
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Washington (dpa) - Two top former executives of troubled insurance giant American International Group (AIG) agreed Thursday to pay fines to settle charges by U.S. regulators that they misled investors by inflating the firm's results.... Read More...
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Nine Republicans crossed the aisle in a 68-31 U.S. Senate vote that will place Judge Sonia Sotomayor on the U.S. Supreme Court.... Read More...
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WASHINGTON (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell in the week ending Aug. 6, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 5.22 percent with an average 0.6 points, down from Read More...
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(WENN) -- Lawyers acting on behalf of High School Musical star Vanessa Hudgens are battling to remove a series of leaked pictures from the Internet which allegedly show the actress posing nude -- because they were reportedly taken when she was underage... Read More...
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WASHINGTON, (UPI) -- James B. Lockhart III plans to resign as director of the U.S. Federal Housing Finance Agency , sources told The Washington Post. Lockhart helped coordinate the federal takeover of Fannie Mae and Freddie Mac last year.... Read More...
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Initial jobless claims for the week ended August 1, 2009 fell to 550,000 from the week prior's revised number of 588,000, according to a report from the U.S. Department of Labor. Consensus estimates had forecast claims of 575,000. Continuing claims for Read More...
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In the U.S. Senate, with retirement apparently comes freedom. Several Republican senators who are leaving the Senate next year broke Wednesday with their party and announced they would support Supreme Court nominee Sonia Sotomayor.... Read More...
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A jury on Wednesday found former congressman William Jefferson, in whose freezer police found a stash of cash, guilty of corruption charges. In a trial held in federal court in Alexandria, Virginia, the Louisiana Democrat was found guilty of seeking and Read More...
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Gov. Ed Rendell signed part of a budget bill Wednesday, authorizing $11 billion in spending and allowing Pennsylvania state employees to get paid. The governor vetoed $13 billion in the state Senate budget bill, the Pittsburgh Post-Gazette reported... Read More...
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Analyst Upgrades for 8/6/2009... Albermarle (NYSE:ALB) upgraded to Perform at Oppenheimer... American Express (NYSE:AXP) upgraded to Buy, $36 target, at Citigroup... ArvinMeritor (NYSE:ARM) maintained Buy, $8.50 target, at Goldman...... Read More...
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Comcast (NASDAQ:CMCSA) reported Q2 EPS of 33 cents, topping consensus estimates of 26 cents. Revenues in the quarter rose 4.5% year-over-year to $8.94 billion, and came ahead of consensus estimates of $8.86 billion.... Read More...
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WASHINGTON -- Senators have reached a deal on saving the dwindling cash-for-clunkers program, agreeing to vote Thursday on adding $2 billion to the popular rebate plan.... Read More...
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The Securities and Exchange Commission Tuesday said Bank of America Corp. has agreed to pay $33 million to settle charges the Charlotte bank misled investors about bonuses paid to Merrill Lynch & Co. executives.... Read More...
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BEIJING (Xinhua) -- China and the United States agreed on institutionalizing bilateral economic talks between agencies of both countries, according to a fact sheet issued on Wednesday. The agreement came out of the U.S.-China Strategic and Economic Dialogue Read More...
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CHICAGO (Xinhua) -- U.S. President Barack Obama's top auto adviser Ron Bloom said Wednesday that he believes Chrysler Group LLC would not become a public company until at least 2011. Ron Bloom, who has been a Treasury Department adviser on autos since Read More...
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The continuing development of high-speed Internet could create two million new jobs by 2015, the EU telecommunications commissioner said. The European Union has re-established its lead over the United States in the use of high-speed computer connections, Read More...
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