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Aug31
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Boy, is this a relief.
Oil prices finished slightly above $70 a barrel Thursday as traders eyed the nuclear dispute between Iran and the West and after BP PLC officials said the company’s Prudhoe Bay output could be restored earlier than expected.
Well, it will be if we see it at the pump.
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Aug31
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There were a number of good economic signs today, including increased personal income. Consumers boosted their spending by the largest amount in six months and the back-to-school shopping season also got off to a strong start this summer. It goes...
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The housing market may be cooling, but that's good news for some consumers. Rates on 30-year mortgages fell for a sixth consecutive week, providing home buyers with more relief from an earlier rise in rates. OK, so it may not be a...
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Aug30
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This is becoming a trend. And it may be a bit of a shell game. Oil and gas pipeline operator Kinder Morgan Inc. Monday said it had agreed to be bought and taken private for $15 billion in cash by...
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Aug29
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This is another hot-button issue. Federal Reserve Chairman Ben Bernanke cautioned lawmakers on Friday to avoid the temptation to impose protectionist trade policies as the United States grapples with fierce competition from a powerful wave of globalization. There are some...
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And the beat goes on. Weyerhaeuser Co., one of the nation’s largest forest product companies, said Wednesday it has agreed to combine its fine paper business with the Canadian paper maker Domtar Inc. in a deal it valued at about...
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It's happening more and more often. Here's the latest. Rite Aid Corp., the nation’s third largest drugstore chain, said Thursday it will purchase the U.S. Eckerd and Brooks operations of Canada’s Jean Coutu Group Inc. for about $2.55 billion in...
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Aug28
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It's getting harder to determine which is more hazardous: Soft drinks or lawyers. Coca-Cola Co. was sued Friday as part of an effort to force soft drink makers to eliminate ingredients in their products that can form cancer-causing benzene. What's...
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What's that old adage? Keep your friends close and your enemies closer. This could turn out to be one of those situations. In a deal between two of the Internet’s most prominent properties, Google will begin selling advertising for Web...
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Aug27
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This just keeps getting better. Over the past year, the shares of 41 percent of companies that received buyout offers showed abnormal and suspicious trading activity ahead of those deals’ public announcements, The New York Times reported Sunday. I'm torn....
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Not that this should come as any big surprise. Fresh evidence shows that high energy prices and sagging home values are pinching the main driver of the of the U.S. economy — the Average Joe’s wallet. But if I understand...
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Aug26
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OK, so maybe this isn't an earth-shattering (no pun intended) business issue. I still found it interesting. It's not often that the solar system loses a whole planet, but it did just that Thursday, when the International Astronomical Union meeting...
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Here's some economic news that has some interesting ramafications. State lawmakers are saving lots of money for a rainy day because of improving economies and conservative economic forecasts, a report released Tuesday says. So, now that their coffers are full,...
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Aug25
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Well, is the economy slowing down or not? Depends on who you ask. Relieved investors sent stocks soaring Tuesday, with the Dow Jones industrials climbing more than 130 points after the Labor Department reported an unexpected drop in core wholesale...
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Aug23
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Not that this should surprise anyone in "flyover country", but high gas prices and a turbulent housing market are taking their toll on businesses and their financial outlook. Lowe’s Cos., the nation’s second-largest home-improvement chain, said Monday that its second-quarter profit...
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Aug21
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This story contains some interesting items. Wal-Mart Stores Inc. posted its first profit decline in a decade Tuesday as the world’s largest retailer was forced to pay a hefty price for withdrawing from Germany, selling its stores there at a...
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Aug20
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This could be good news or bad news, depending on where you live. The slowdown in the once-sizzling housing market is spreading, with 28 states and the District of Columbia reporting spring sales declines, led by big drops in former...
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Aug19
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This will be interesting to watch. Dell Inc.’s record-setting recall of 4.1 million notebook computer batteries raised safety concerns about the power source of countless electronic devices, but experts said the laptop problem appears to stem from flaws in the...
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Aug18
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Apparantly it's a little cheaper working in your kitchen than driving to work these days. Here are the details from the AP. Inflation at the wholesale level edged up by the smallest amount in five months in July as falling...
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Aug17
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This seems to fly in the face of popular opinion these days. With the partial shutdown of Prudhoe Bay last week, motorists who have felt the pain at the pump had more to moan about as the simple dynamics of...
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Aug15
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This can't be good news in the city. Ford Motor Co. said Tuesday it plans to trim the number of dealerships it has in 18 metropolitan areas across the country, blaming sliding car and truck sales for the decision. It's...
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Aug12
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The fallout continues. The name will remain the same at HealthSouth Corp., but plenty else will change under a restructuring announced Monday as the medical services company continues its recovery from a $2.7 billion fraud. Unfortunately, greed by any other...
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Aug10
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Depending on which part of the country you're in, hand wringing might be in vogue again. Here are the details according to AP. Luxury home builder Toll Brothers Inc. on Wednesday said third-quarter sales fell and signed contracts were cut nearly in...
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Aug 9
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So, is this good news or bad news? Delta Air Lines Inc., the nation’s third-largest carrier, reported Wednesday a wider second-quarter loss of $2.21 billion even as higher ticket prices and fuller planes drove up revenue. But excluding huge reorganization...
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Aug 8
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As if we really needed more of this. Cablevision Systems Corp., a New York-area cable TV systems operator, said Tuesday it would delay filing its second-quarter earnings and restate prior results because of a review into the pricing and timing...
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Aug 6
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Looking for a good investment? Some folks are going back to the future. “There was a huge craze,” said Larry Leitzman, a Tampa-based research and marketing coordinator at Grubb & Ellis, a national real estate agency. “Everybody was taking apartment...
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Aug 5
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It doesn't get much more obvious than this... Toyota appeared to be on track to overtake General Motors as the world's No. 1 automaker as it boosted vehicles sales around the world and reported a 39 percent jump in profit...
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Aug 3
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I know it's a controversial issue, but between the politicians and the lawyers, what's a business to do? According to the Dow Jones Newswires: After months of escalating threats, Louisiana Gov. Kathleen Blanco filed a lawsuit Thursday in federal court...
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Aug 2
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Leno and Letterman couldn't write this stuff up. In a media world besieged by technologies like the Tivo and the iPod, advertisers are finding it harder and harder to get their marketing messages across. So TV network CBS has decided...
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Aug 1
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This either means Pay Pal is a launching pad, or that Ebay is not a great place for innovators. ... after online auction giant eBay bought the startup for $1.5 billion in 2002, the tight-knit group dispersed. Many have gone...
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