Latest Breaking Business News
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American Rights At Work Formal Complaint for FEC Investigation of Wal-Marts Unlawful Federal Election Activity
Formal Complaint for FEC Investigation of Wal-Mart's Unlawful Federal Election Activity WASHINGTON - August 14 - Today American Rights at Work, the AFL-CIO, Change to Win, and WakeUpWalmart.com will hand ...
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India Resource Center Coca-Cola Plant Shut Down in India
Chinta Dewi, Coca-Cola Bhagao, Krishi Bachao Sangharsh Samiti +91 94507 79325 (Hindi) Nandlal Master, Lok Samiti +91 94153 00520 (Hindi) Amit Srivastava, India Resource Center +91 98103 46161 (India) +1 415 336 7584 ...
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WakeUpWalmart.com Files Official Complaint Against Wal-Mart With The FEC and Calls For An Investigation
WakeUpWalmart.com Files Official Complaint Against Wal-Mart With The FEC and Calls For An Investigation WASHINGTON - August 14 - WakeUpWalMart.com today, along with American Rights at Work, Change to Win, and the American Federation of Labor and Congress of Industrial Organizations, jointly filed an official complaint with the Federal Election Commission. The groups filed the complaint of ...
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Microsoft office goes cloud to join cloud war with Google Docs
The war on cloud intensified as Microsoft Office announced its decision on Tuesday to go cloud in an attempt to compete with its immediate but not last competitor, Google Docs.Microsoft holds a virtual monopoly on office productivity software. Most computer users in the world use the Office software for word processing, spreadsheet, presentation and other purposes. However, Microsoft Office ...
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Wall Street betting on last-minute debt deal
With no political deal in Washington on raising the U.S. debt limit just days before a crucial deadline, investors are increasingly worried about a downgrade of the country's top-notch credit rating, or even an actual governmnent debt default. The U.S. Treasury Department has said the Congress must act before Aug.2 to avoid a catostropic default. With the dealine drawing close ...
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Doomsayers warn of approaching bear market
As share prices soared across the globe this week - before crashing down in Tokyo - one group of doomsayers consistently stuck to their message: the market boom is on shallow foundations and the crash will be worse than ever.Albert Edwards, Britain's most persistent "Dr Doom" - and one closely connected to the heart of the financial system through his job as strategist at ...
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How to buy and sell shares … come boom or doom
stock markets recently hit levels not seen since the dotcom boom of 2000, then tumbled after a dramatic sell-off in Tokyo. What should investors do? Pick up some bargains marked down in the sell-off? Or junk ...
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Car insurance one bump and your old car could be on the scrapheap
car insurance following a minor bump. The warning comes after one London motorist had her vehicle written off following the smallest of accidents, in which just the side light on her ageing Toyota was broken.Lesley Hall, who lives in London, was told by her insurer, Cova, that it would send her a cheque for just 40 for her perfectly usable and very reliable L-registration Corolla, after an ...
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Downtown East in Minneapolis poised for second chance
The $400 million project and the $975 million stadium now in the works have created a buzz that maybe -- finally -- Downtown East will attract residential development that could help transform the area in a way that the Metrodome never did more than 30 years after its ...
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China sees wider role for private business
Chinese Prime Minister Li Keqiang reacts at the end of a press conference after the signing ceremony of several agreements between Switzerland and China, in Kehrsatz near Bern, Switzerland, Friday, May 24, 2013. Chinese Premier Li Keqiang is in Switzerland to seal a free trade pact with the Alpine nation ? the first comprehensive agreement his country has reached with a major western economy. Li ...
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St. John’s sells NYC campus
St. John’s University agreed to sell its lower Manhattan campus to a group including developer Steven Witkoff and property investor Fisher Brothers, which plan to build condominiums there. Selling the property at 101 Murray St. will give the university a "major infusion of capital," President Donald Harrington said yesterday. Proceeds will be used for student financial aid, ...
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Kid gloves for hedgie
Women working in the hedge-fund world know how hard it is for them to get ahead.That could explain why so few of them were willing to speak out against hedge fund legend Paul Tudor Jones, whose recent comments that having babies turns women into lousy traders kicked off a storm of controversy on Thursday. Hedgie women sprang to the defense of Jones, 58, who founded Tudor Investment Corp. in ...
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News Corp. bd. OKs split
News Corp. said its board approved a plan to split the company’s entertainment and publishing assets into separate companies. The company expects to complete the split by June 28. The board also authorized a $500 million stock-repurchase program for the new publishing company, which will retain the News Corp. name. News Corp. owns The Post. The company said it would book a pretax charge of ...
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No InterOil delivery could burn Paulson
While he’s still licking his wounds from the Sino-Forest scandal, hedge-fund titan John Paulson has waded into another controversial stock. The founder of $18 billion Paulson & Co. scooped up 1.87 million shares of InterOil Corp. in the first quarter, making him the company’s eighth-largest shareholder, with a stake worth roughly $160 million. InterOil has been touting its access ...
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$20M pay won’t fly
The US is opposing American Airlines’ proposal for $20 million severance pay to CEO Tom Horton as part of its merger with US Airways Group. It violates bankruptcy law, the Justice Dept. said yesterday in a New York court ...
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Yahoo joins the $1B hunt for Hulu
Yahoo! has jumped into the bidding for Web video destination Hulu, The Post has learned. Sources close to the process say the bid from Yahoo!, along with offers from a handful of other suitors, value Hulu at upward of a billion dollars. If Yahoo prevails, it would be CEO Marissa Mayer’s second $1 billion deal inside a month. The company just acquired micro-blogging service Tumblr for $1.1 ...
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US stocks remain weak on track for weekly loss
US stocks remained weak in midday trading on Friday, extending losses for the third straight day despite better-than-expected US durable goods data for April.The three major indices are on track for its first weekly decline after four weeks of gains.In the previous trading day, the major stock indices closed lower for a second consecutive day following a dramatic slump in the Japanese stock ...
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Microsoft Reveals The Xbox One
Microsoft promises the Xbox One will be more than just a game console, but a "living room" with a TV tuner and cable box. Users will be able to switch between watching TV and gaming instantly through the Kinect ...
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Working Americans turn down pay raise to avoid ‘cliff effect’
NBC News' Lester Holt investigates a double bind for a growing number of Americans. Some hard-working people are grappling with an economic "cliff effect" where a pay raise can actually make them worse off while also costing taxpayers at the same ...
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Key Government Projects At Risk Of Failure
Dozens of major Government projects including the High Speed 2 rail line, Universal Credit welfare reform and the rollout of high-speed broadband are at serious risk of failure, Whitehall documents reveal. There are 23 schemes which have had amber/red warning flags raised against them in the report, meaning successful delivery of the project is in doubt and urgent action needs to be taken to ...
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YouTube Users Turning Clicks Into Cash
Not long ago, a Top 10 hit on iTunes wouldn't have been possible without the backing of a major record company, but social media has changed the rules. Lanzarote-based Irish singer-songwriter Rory Gallagher embraced this change and made it to number one in the charts after one of his songs was leaked online. Jimmy's Winning Matches became an overnight viral sensation on YouTube, ...
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Chinese premier criticizes EU move on trade measures
Chinese Premier Li Keqiang speaks during a joint news conference with Pakistan's President Asif Ali Zardari (not in picture) at President House in Islamabad May 22, ...
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Minnesota farmers recover from late planting start
Despite a winter that never seemed to end, Minnesota farmers are going into Memorial Day weekend with a good percentage of their crop planted -- a better outcome than feared a month ...
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Target other retailers sue credit card firms
NEW YORK - Target Corp., Macy's Inc. and 15 other retailers sued Visa Inc. and MasterCard Inc. over credit card and debit card fees after dropping out of a multibillion-dollar settlement of a similar case. The biggest U.S. payment card firms illegally restrained competition for interchange fees by setting default rates and imposing almost identical rules for accepting cards, the retailers ...
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Insurers submit plans for Minnesota health care exchange
Consumers buying health care coverage this fall on Minnesota's new insurance exchange likely will have more choices than are currently available, bringing a spark of competition as health reform rolls out in the months ...
Colorado Report
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Colorado's green future
Colorado’s economy suffered through the downturn like every other state in the country, but as the national economy enters a period of recovery, which started towards the beginning of the year, the state continues to falter, while using much-needed federal grants to lay the groundwork for future, greener, industries.
Colorado has had to cut $2 billion from its state budget since the Great Recession hit in late 2008. The fiscal year for 2010-11, which starts July 1st, will see further cuts from the state budget of over $200 million. Education has seen the biggest cuts, along with many building and expansion projects to various state facilities and public infrastructure being delayed. Read more
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