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July 2009 - Posts
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Soured on the real estate market, Columbia broker Bob Walters has found what he hopes is a more fruitful pursuit: growing grapes for wine. Read More...
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In a wide-ranging interview with BusinessWeek, President Barack Obama says "to return to some semblance of balance is hardly radical." Read More...
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More money has now been injected into the ‘clunker’ rebate program, but some car experts say the clunker deals on offer are throwing up some surprising Read More...
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Honda Motor Co said on Friday that it is recalling another 440,000 vehicles — including some of its best-selling Accord and Civic models — for a potentially Read More...
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An appeals court has ordered a shorter sentence for ex-Qwest CEO Joe Nacchio, saying his six-year term for insider trading was too long. Read More...
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The House has voted to restrict how Wall Street executives get paid after nine banks that took government aid rewarded thousands of their employees with Read More...
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The Taurus is back for 2010, with a more-thoroughly refreshed model that boasts the kind of imposing visual presence that made Chrysler’s 300 a hit. MotorHead, Read More...
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Fast-food customers are hearing something new as they order burgers, pizza and all things fried: Would you like wine with that? Read More...
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Chevron Corp. says its second-quarter profit fell 71 percent as demand for crude oil and gasoline plunged. Read More...
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A federal judge is Florida is canceling a planned trial for Swiss bank UBS after the Swiss and U.S. governments struck a deal over allegations that Americans Read More...
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U.S. prosecutors and Swiss officials have reached an agreement to settle civil charges brought against Switzerland's UBS. A department of justice attorney, Read More...
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BusinessWeek's Business Outlook columnist Jim Cooper assesses second-quarter gross domestic product and discusses the possibility that an economic recovery Read More...
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Many analysts predict that the government's first estimate of second-quarter activity will say the economy shrank at a 1.5 percent pace from April though Read More...
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The GDP report showed a steeper decline in economic growth in previous quarters, but a smaller drop than expected for the second quarter Read More...
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The economy sank at a pace of just 1% in the second quarter of the year, a better than expected showing Read More...
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A sampling of analysts' reactions to the July 31 GDP numbers reported by the Commerce Dept. Read More...
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The BEA just came out with its revised GDP numbers for the past few years. And not really a surprise, the recession now looks a lot worse than the data Read More...
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Options under review as car buyers flood rebate program Read More...
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Recent app rejections, including Google Voice, have developers—and the FCC—asking Apple to clarify its criteria Read More...
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AT&T and Apple are asked why the app was rejected, but also about others that didn't make the iPhone cut Read More...
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With his permission, I'm reprinting some comments made by Florida businessman Felix Santiago on Activerain.com , the excellent networking site for real Read More...
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The Federal Communications Commission has sent letters to Apple and to AT&T and Google seeking information about the rejection of the Google Voice Application Read More...
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The Anglo-Dutch energy giant plans to trim staff and capital expenditures after reporting a 70% fall in second quarter earnings on lower oil prices and Read More...
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Bill Hambrecht, AOL Chairman Tim Armstrong, and other wealthy investors say they want the UFL to be Off Broadway to the NFL's Broadway Read More...
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Take a look at first-quarter earnings released yesterday for Sony and Sharp. They can be summed up in a word: dismal. Though Sony and Sharp announced results Read More...
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A look at whether emerging market stocks are rising on strong fundamentals or are a sign of another bubble, in this video edition of The Business Week Read More...
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Better-than-expected economic data bolster the case that the recent stock market rally was based on solid fundamentals. According to the U.S. GDP report, Read More...
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A San Francisco Bay-area real estate broker is targeting his message to an unlike group of buyers and sellers: Vegetarians. I'm not sure what an agent's Read More...
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Nokia , Samsung, LG and Motorola have a reason to rejoice: Sales of handsets are starting to pick up. Global shipments of cell phones rose 4.7% in the Read More...
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Though it operates in 190 countries and 68% of its workforce is outside its home country of Germany, industrial giant Siemens has a top management dominated Read More...
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The second quarter saw a much slower real GDP decline, an indication that the economy has hit bottom and is ready to grow Read More...
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Okay, I have to admit that the government’s Cash for Clunkers program worked better than I expected. With the program running low on cash right out of Read More...
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As the Cash for Clunkers auto stimulus program faces a shortfall, proponents seek to boost funding with an additional $2 billion Read More...
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Congressional officials say the government plans to suspend the "cash for clunkers" program amid concerns it could quickly use $1 billion in rebates for Read More...
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Walt Disney Co. said Thursday its fiscal third-quarter profit fell 26 percent as slower DVD sales pushed its movie studio into the red while the weakening Read More...
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Alabama's ban on a wine that features a nude nymph on the label became a business opportunity for a California vintner who is preparing a marketing campaign Read More...
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President Obama says he expects Friday's report to show the economy contracted during the second quarter of the year but says the United States has "stepped Read More...
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Retailers are geared up for back-to-school shopping. But getting recession-weary parents similarly stoked — now, that might be tricky. Read More...
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The sport of mixed martial arts was once too hot to handle. But Ultimate Fighting Championship impresario Dana White turned UFC into a fistfull of dollars. Read More...
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Yahoo Inc. invested billions of dollars in its Internet search engine during the past six years before realizing it made more sense to entrust the job Read More...
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Southwest Airlines Co. is seeking to trump a rival bid and acquire Frontier Airlines, a Denver-based carrier operating under bankruptcy protection. Read More...
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Citigroup, one of the biggest recipients of government bailout money, gave employees $5.33 billion in bonuses for 2008, New York's attorney general said Read More...
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Cablevision Systems Corp. said Thursday that its board has approved a plan to spin off as a separate company its Madison Square Garden business. Read More...
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BusinessWeek's Amy Feldman discusses ways to invest in mergers and acquisitions Read More...
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Investors cheered some upbeat earnings news and an analyst upgrade of General Electric. The Nasdaq briefly cracked 2,000 Read More...
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The number of U.S. workers filing new claims for jobless benefits rose slightly more than expected last week. Read More...
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Thanks to growing market share at home, the British confectionery giant saw a 10% rise in first-half revenues and raised its profit guidance for the yea Read More...
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Exxon Mobil says its second-quarter profit fell 66 percent from a year ago as the world’s biggest publicly traded oil company saw crude and gas prices Read More...
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Eastman Kodak moved to a second-quarter loss as the global economic downturn hurt sales of digital cameras and other photography products. Read More...
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Of the million or so RV owners in the United States, each year about 7 percent cut their ties to home and hearth and go full time. These full-timers love Read More...
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While a record 8.2 million RVs are crisscrossing the nation’s roads, it has been a terrible year for the industry with sales stalling. But there’s a light Read More...
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Rather than retiring and relaxing, increasing numbers of older Americans are remaining on the job and finding mind and body benefits that go beyond pulling Read More...
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For years, experts have been talking about the needs of an aging work force. But most companies, experts say, are still woefully unprepared. Read More...
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Surrendering search responsibilities to Microsoft will likely take a toll on Yahoo's engineering and innovation prowess Read More...
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The electronics and entertainment giant posted a $271 million quarterly loss on a 19% drop in revenue, putting more pressure on CEO Stringer Read More...
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Helped by deep cost cuts, Motorola Inc. on Thursday posted an unexpected profit for the second quarter after several quarters of losses, and said it expected Read More...
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There may need to be a new award for short-sightedness in Washington DC: The Clunker Award. The U.S. Transportation Dept. is expected on Friday to announce Read More...
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What Wall Street analysts are saying about selected stocks in the news Thursday Read More...
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Amazon.com's takeover of its Internet retail competitor likely isn't just a cash-out for Zappos' founders such as Tony Hsieh Read More...
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The government planned to suspend its popular car trade-in program Thursday night on concerns it is quickly depleting the $1 billion allocated for rebate Read More...
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Even though there are 1,000 fewer Beltway lobbyists than there were last year, spending by their clients rose to $1.6 billion through June alone Read More...
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There is no denying Japan's automakers took some extreme measures at the start of the year. As sales slumped around the world, nothing was safe from cost Read More...
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Many mortgage companies are reluctant to give strapped homeowners a break because the companies collect lucrative fees on delinquent loans. Read More...
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Prospects brightened for the handset maker last quarter, but much improvement came from cost-cutting. New smartphones will face strong competition from Read More...
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S&P has taken several negative rating actions recently, particularly on speculative-grade companies, and the trend is expected to continue Read More...
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While Starbucks has staged a nice recovery, the real action has been in shares of smaller outfits such as Green Mountain, Caribou, and Diedrich. Credit Read More...
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The American medical industry saves millions of lives every year. But its resistance to alternative medicine may doom millions more Read More...
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Charlie Miller is waiting for a phone call from AT&T. Today he disclosed to the world a security vulnerability that affects Apple's iPhone, and in fact Read More...
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Some conservatives say that allowing Medicare to pay for end-of-life planning could encourage seniors to end their lives Read More...
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Starting last year, lobbyists in Washington had to meet tough new rules, including more frequent reporting to the federal government. For months now, they've Read More...
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Of all prepaid wireless services out there, consumers are least satisfied with MetroPCS's, according to a new survey from J.D. Power & Associates. Last Read More...
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In a New York court filing, Hermitage alleges that executives of Moscow investment bank Renaissance Capital Holdings had prior knowledge of theft and tax Read More...
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In a July 27 interview with BusinessWeek in the Oval Office, President Barack Obama reflected on his first six months in office and discussed his evolving Read More...
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It was an inauspicious debut for PennyMac Mortgage Investment Trust, the new mortgage REIT founded by former Countrywide Financial CEO Stanford Kurland. Read More...
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The Fed's New Worry: Popularity For a central bank dependent on Congress for bailout funds, approval ratings matter. And they're not good Read More...
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Apple executives say they have a game plan to revive iPod's sagging sales. What might a new device look like? Read More...
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Its contract with BP to work the Rumaila field could push the country closer to the top of OPEC. But corruption and security remain hazards Read More...
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Despite positive news, executives at companies such as Honeywell and Home Depot are holding off on hiring and other investment Read More...
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Christine Varney aims to reinvigorate antitrust policy without stifling U.S. business, but Google and Intel could be among her targets Read More...
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Investment firms are reworking risk questionnaires to keep investors from losing money (and switching advisers) Read More...
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Despite a charm offensive by Obama, health-care proposals leave entrepreneurs wary Read More...
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Two new potential bidders emerge as the magazine's management begins holding detailed financial presentations Read More...
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The Las Vegas Review-Journal is reporting that Michael Jackson’s former doctor, Conrad Murray, could possibly lose his home to foreclosure. The paper reports Read More...
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The actual July 2009 S&P 500 payments are 32% off the July 2008 payment, and the worst July since 2002 Year-to-date S&P 500 holders have been paid $29.5 Read More...
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As net income drops 66% from a year earlier, the oil giant burns through the cash cushion that gave it an edge over rivals Read More...
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New York AG Cuomo details the amounts of 2008 bonuses paid by bailout banks—some with TARP loans still outstanding Read More...
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Southwest aims to consolidate Denver market, and gain Mexican routes, with bid for bankrupt Frontier Read More...
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Maybe it's being in the rosy glow of accolades over his deal with Yahoo, but Microsoft CEO Steve Ballmer was in a magnamimous mood toward his PC rival Read More...
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The quarterly sales and market share calculations are out today from researchers IDC and Strategy Analytics . As usual, the two firms—both of which Read More...
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Normally, CEOs use their introductory remarks at their finanical analysts meetings to talk up their own rosy prospects. I'm watching Microsoft Steve Ballmer Read More...
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The foreclosure crisis has entered a new phase. It's spreading beyond the wreckage of the housing bubble to metro areas in Oregon, Idaho, Utah, Arkansas, Read More...
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More than 90 percent of the nation's largest metropolitan areas saw their unemployment rates climb in June from the previous month. Read More...
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Msnbc.com readers share photos of their motor homes. Read More...
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George Outland had just one requirement when applying for a job: It had to be at a business that didn't check his criminal background, or didn't care. Read More...
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The economy is finally beginning to show signs of stabilizing in some areas of the country, bolstering hopes of a broader-based recovery this year. Read More...
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The trustee overseeing the liquidation of Bernard Madoff's assets has sued the disgraced financier's wife, asking for nearly $45 million spent on a "life Read More...
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Financial firms that play a dominant role in the energy futures market brought their case against broad limits on speculative trading Wednesday to federal Read More...
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Orders to U.S. factories for big-ticket durable goods plunged in June by the largest amount in five months. Read More...
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Media conglomerate Time Warner Inc. said Wednesday its second-quarter profit shrank 34 percent as the ad slump and slow DVD sales hurt revenue. Read More...
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Finally, a carmaker is trying to promote diesel in a meaningful way. BMW said this week that the company will offer $4,500 in “eco credits” for anyone Read More...
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What Wall Street analysts are saying about selected stocks in the news Wednesday Read More...
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France’s stock market regulator has taken a new and ominous step in its insider-trading probe of Airbus and its parent European Aeronautics Defence Read More...
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With demand for fuel on the wane, why have prices gone up? Here are some answers about what may be influencing the price of oil Read More...
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And so the deal is finally done: Microsoft and Yahoo early this morning announced a 10-year deal that provides a united front against search giant Google. Read More...
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Despite weak sales and a strong yen, profits at Japan's second and third largest carmakers are beginning to recover Read More...
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The deal, if approved by antitrust regulators, could give the Internet search giant a viable competitor. Advertisers are optimistic Read More...
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Teva's Debra Barrett is lobbying hard to shorten the protection period for biotech drugs and get generic versions to market more quickly Read More...
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The weak Web search-ad companies want to team up against No. 1 Google, but regulatory tradition and practice have long blocked such deals Read More...
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I’m reading with some glee all the national coverage of the end of the housing bust. “Home Prices Rise Across the U.S.” says the front page of the Wall Read More...
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Soon after announcing their deal to combine forces on Internet search and search advertising, Yahoo CEO Carol Bartz and Microsoft CEO Steve Ballmer talked Read More...
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Lancaster, California, a city of 145,000 people about 60 miles north of Los Angeles, is among the hardest hit in the nation by the housing bust. Home prices Read More...
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While the proposed deal between Microsoft and Yahoo! would create a search engine that is a distant second to Google, it could face antitrust concerns. Read More...
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Top U.S. executives say President Obama has been accessible and willing to listen, but they wonder whether he is heeding their advice Read More...
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Credit markets have already improved and the economy may be on the road to recovery, but that won't prevent a new run of corporate bankruptcies in the Read More...
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Online ads for resveratrol are using fake endorsements from experts and celebrities to promote the unproven anti-aging product Read More...
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Executives give their take on the job being done by President Obama after his first six months in office. Read More...
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The X7675 performs decently as a printer, but disappoints as a scanner, copier, and fax, mostly because of its shoddy software Read More...
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http:// The controversial and much debated “Cash For Clunkers” bill is having the desired effect of boosting car sales, according to analysts and a few Read More...
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The Obama Administration aimed to reduce K Street's power, but Washington's agile influence brokers have shifted to different styles Read More...
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Patients must lose their blind faith in doctors and demand more information about the procedures being performed on them, urges Ed Wallace Read More...
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In a wide-ranging interview with BusinessWeek, the President says "to return to some semblance of balance is hardly radical" Read More...
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The Home Affordable Modification Program that is designed to get homeowners out of their troubled mortgages is moving at a snail’s pace--and the Read More...
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Heightened competition in the search area may increase ad revenues for the Internet mogul's IAC properties, he tells analysts Read More...
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Now that the “Cash for Clunkers” bill is ramped up and driving car-buyers into the showroom, let’s start writing the next one, or Phase 2 of the Clunkers Read More...
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How do you spell stock market bubble? S-H-A-N-G-H-A-I. China’s main share market is up 90% this year, and some IPOs are skyrockets several times Read More...
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What economists and strategists say about recent developments Read More...
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I haven't seen any conclusive polling on how much support or opposition there is among small business owners for health reform that would require them Read More...
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Some of Obama's and the Democrats' most cherished policies may be ditched as the Senate Finance Committee seeks a compromise Read More...
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In a sign that soccer will be vital to its future growth, ESPN has bought the rights to show 46 English Premier League games to British fans Read More...
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The founder of Silicon Alley Reporter and Mahalo.com parses the long-awaited pairing and draws some lessons for entrepreneurs Read More...
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Good news for the global economy: For the first time in 18 months, home prices in England and Wales showed a modest rise in June Read More...
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Some of Obama's and the Democrats' most cherished policies may be ditched as the Senate Finance Committee seeks a compromise solution Read More...
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Web-calling provider Vonage will come out with a version of its service for smartphones in the second half of 2009. "The time is right to take advantage Read More...
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A combination of good health, economic necessity and the other rewards of work are pushing some Americans to stay in the work force long past traditional Read More...
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A lawyer for victims of Bernard Madoff's fraud says Madoff told him during a 4 1/2-hour jailhouse interview in North Carolina exactly how the fraud took Read More...
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Microsoft and Yahoo could soon announce a search partnership, sources familiar with the matter told the Wall Street Journal which reported the news on Read More...
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Sprint Nextel Corp. is intensifying its focus on the fast-growing market for prepaid cell phone service with a $483 million deal to buy Virgin Mobile USA Read More...
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Microsoft Corp. said Tuesday it is planning to open its first two retail stores in Arizona and California this fall. Read More...
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Zack Wirth realized more than 15 years ago that the economics of ranching would not let him make a living on his ancestral home, a scenic slice of western Read More...
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Federal Reserve Chairman Ben Bernanke says his net worth dropped by almost a third last year. Read More...
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An international financial advisory group said Tuesday that accounting rules were not the cause of the recent credit crisis. Read More...
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IBM is bulking up its most profitable division with a $1.2 billion acquisition of business software provider SPSS. Read More...
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The Obama administration, scrambling to get its main housing initiative on track, extracted a pledge from mortgage companies to improve their efforts to Read More...
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Phibro, the energy trading arm of beleaguered bank Citigroup, was mum after the White House criticized a reported $100 million pay plan for its top trader Read More...
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Treasury Secretary Timothy Geithner said Tuesday that the United States and China had reached common agreement on the need to work toward more balanced Read More...
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Auto dealers around the country report that the first weekend of the $1 billion “cash for clunkers” program, officially titled the Cash Allowance Rebate Read More...
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Not all auto recyclers are relishing the government's new cash for clunkers program, which requires car dealers to destroy the gas-guzzlers they get as Read More...
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A key federal regulator said his agency must "seriously consider" imposing stringent limits on speculative trading of energy futures contracts, a move Read More...
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A private research group says Americans' mood darkened further in July as worries about job security offset any enthusiasm about the resumed stock-market Read More...
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A Texas financier accused of a $7 billion fraud asks to be transferred to another detention facility, claiming there has been no air conditioning in the Read More...
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A widely watched index shows home prices posted their first monthly increase since the summer of 2006, indicating prices are finally stabilizing. Read More...
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What Wall Street analysts are saying about selected stocks in the news Tuesday Read More...
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With inventories up on everything from polysilicon to solar modules, solar companies are sure to see further price drops, says BW's Mark Scott Read More...
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As you can tell from the little icon at the upper right of this blog, I'm a fan of Google Voice , and have been since it was called GrandCentral . The Read More...
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A newspaper report says Bank of America Corp.'s CEO Ken Lewis is planning to shrink the bank's 6,100-branch network by about 10 percent. Read More...
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In a long-awaited pairing aimed at taking on Google, Yahoo will handle ad sales while Microsoft gets the real prize: data on who's doing what online Read More...
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Big Blue's pricey purchase of software maker SPSS augurs more mergers and acquisitions—at higher valuations—as recession fears ebb Read More...
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Consolidation in the mobile-phone industry may not be over as smaller carriers look for ways to contend with leaders AT&T and Verizon Wireless Read More...
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A closely watched report shows house price declines slowed in May for the fourth consecutive month Read More...
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S&P's Case-Shiller index shows prices rose from April to May but are still down 17% from a year earlier Read More...
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Results season is in full swing, and on July 28, it was Spain's BBVA -- Europe's sixth-largest bank -- to face the gauntlet. Compared to most of its rivals, Read More...
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IGT's stock has zoomed. But analysts warn the outlook for the maker of slot machines and gaming software isn't strong enough to justify its lofty share Read More...
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To attract buyers, homebuilders are slashing costs and square footage. KB Home is offering a new house in Tucson for $89,999 Read More...
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The U.S.-China summit was notable for neither side agreeing to alter its position on any question of substance – and for the good cheer with which Read More...
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MetaTools , a hot software company back in the early days of desktop computer graphics, has reappeared with Goo, an iPhone version of a once-popular deesktop Read More...
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Reports say in this latest attempt Yahoo would use Microsoft's new Bing search engine on its Web sites and would sell the text ads that run next to search Read More...
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Unemployment fears are keeping consumers on the sidelines, as demonstrated by the latest drop in the Consumer Confidence Index Read More...
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Is Hewlett-Packard dragging its feet on helping clean up the environment? Protesters from Greenpeace think so. Several scaled walls at the company's Palo Read More...
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Policymakers have argued that it is a good deal for lenders to cut borrowers a break on mortgage payments, but foreclosing can be more profitable, experts Read More...
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Recent news from IBM, Amazon, and others suggests deals are being made, but conditions are still far from normal in the world of mergers and acquisition Read More...
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This week small business is a big part of the health care narrative the White House is pushing. Over the weekend the White House Council of Economic Advisers Read More...
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The Case-Shiller index of home prices confirms that real estate is on the rebound Read More...
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The automaker is in good shape with consumers and Wall Street, but heavy debt could undermine its competitiveness Read More...
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Led by Barney Frank, the House Financial Services Committee goes further than Obama wanted, voting to ban salaries and bonuses that encourage "inappropriate Read More...
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Sprint Nextel Corp. is intensifying its focus on the fast-growing market for prepaid cell phone service with a $483 million deal to buy Virgin Mobile USA Read More...
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Ford Motor Co. has taken another step toward securing billions of dollars in loans from the Department of Energy by amending a $4 billion line of credit Read More...
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Here's one happy Google Voice customer who's also an iPhone user. I'll add more messages to this post as they come in. Read More...
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A report from Ernst & Young says the market for deals is still frozen, leverage is scarce, and more regulation is on the way, says BW's Peter Carbonar Read More...
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The Financial Crisis Advisory Group says "mark-to-market" accounting didn't cause the financial meltdown Read More...
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Counterfeit euros are proliferating faster than real ones, but Europol says they're still relatively rare and easy to detect Read More...
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After being among the European countries worst hit by the downturn, Germany now shows signs of growing industrial output and business confidence Read More...
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In the U.S. today, doctors are too quick to prescribe drugs that their patients don't really need and often can't afford, writes Ed Wallace Read More...
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The free, advertising-support mobile scheme started by Nokia veterans will stop serving customers directly and offer its technology through Orange Read More...
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As all types of machines get "smarter" with wireless connections that allow for two-way communication, chipmaker Qualcomm thinks it has the right stuff Read More...
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U.S. authorities and Swiss financial giant UBS may have a few more days left to settle an ongoing civil case over alleged tax evasion , but the prosecutions Read More...
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The traditional idea of retirement — an end-of-life period of leisure and personal pursuits —is becoming a vestige of bygone days. The new plan: keep working. Read More...
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Despite their denials, influential Democratic Sens. Kent Conrad and Chris Dodd were told from the start they were getting VIP mortgage discounts according Read More...
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The Obama administration plans to sell its shares in General Motors Co. and Chrysler Group LLC as soon as it can, the head of the autos task force told Read More...
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As Ford prepares to launch a highly anticipated update of its longtime flagship Taurus, the automaker is steadily gaining market share. Can it keep on Read More...
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Federal regulators are making permanent an emergency rule aimed at reducing abusive short-selling, put in at the height of last fall's market turmoil. Read More...
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The share of Americans who think the Fed is doing an excellent to good job has sunk even as it has taken unprecedented steps to try to prevent a financial Read More...
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A long wait for a green card, coupled with the soft U.S. economy, is prompting an exodus of some of the best and brightest. Read More...
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Verizon, the nation's largest wireless carrier, said its second-quarter profit fell 21 percent and it plans to cut more than 8,000 wireline and contractor Read More...
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New home sales rose by the largest amount in more than eight years last month, in another sign the housing market is finally bouncing back from the worst Read More...
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The downturn is putting a crimp on baby boomers' free-spending ways, and the likes of Mercedes and Starwood Hotels are scrambling to keep up. Read More...
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While the U.S. banking industry struggles to right itself, Goldman Sachs has figured out how to turn financial turmoil into gold. Here's how. The Answer Read More...
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In a last-minute $1.13 billion bid, Ericsson snatched Nortel's wireless networks unit away from rival Nokia Siemens Networks Read More...
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Is Ryanair's business model recession proof? In the past it certainly looked that way as Europe's largest budget airline cut fares and increased traffic Read More...
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In an effort to stem its global slide, Honda introduces veteran engineer and R&D head Takanobu Ito to lead the automobile company Read More...
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A new federal study finds that medical spending for the obese is 42% higher than for those of normal weight Read More...
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Government pay czar Feinberg may push to renegotiate excessive exec pay. Could an estimated $100 million package for the head of Citi's energy trading Read More...
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The pace of sales posts a big surge, but analysts say excess inventory is pressuring prices Read More...
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With jobs in short supply, B-schools are using social media outfits and executive search firms to connect MBA and EMBA grads with employers Read More...
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Microsoft Chairman Gates says technology—from an electronic network for urban workers to a national ID card project—can help India overcome challenges Read More...
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As the effects of the economic collapse began pouring down Main Street, the government last year was left holding a record $2.1 billion in write-offs of Read More...
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Second-quarter net income fell 2.8% from a year ago, driven down by a notable decline in wireline revenue. From IDG News Service Read More...
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The four largest record companies are in talks with Apple about including more content with digital music sold at the iTunes store Read More...
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The federal program that pays consumers to junk old cars and trucks to buy new, more fuel-efficient ones got off to a fast start, despite its limitations, Read More...
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Hiring NBC's co-chairman is more likely to lead Barry Diller to greater Web experimentation than back to television, says BW's Ronald Grover Read More...
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Much has been made of the size and seniority of China’s delegation to its first Strategic and Economic Summit with the Obama administration – Read More...
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Some companies, such as FLIR Systems, Apollo Group, and Darden Restaurants, have found a way to grow their businesses while the economy is shrinking Read More...
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Too many Americans believe modern medicine will prolong their lives when the only thing that is guaranteed is high medical bills Read More...
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New home sales rocketed up 11% in June (from the previous month) to a seasonally-adjusted annual rate of 384,000 units, the Commerce Department said today. Read More...
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Japan's government has come up with a not-so-new idea for creating jobs in its healthcare sector: attracting medical tourists. For months, a panel of experts Read More...
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The simple act of returning phone calls promptly is the most important action a financial adviser can take, according to a survey from Spectrem Group . Read More...
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Some 30,000 angry Chinese workers staged a riot at a steel factory in China that resulted in its boss getting beaten to death, underscoring just how quickly Read More...
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The head of the White House task force on the auto industry Ron Bloom said Monday that the task force will not be micro-managing GM and Chrysler, especially Read More...
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Mortgages that allowed borrowers to pay less than interest are proving especially hard to modify, says BW's Mara Der Hovanesian Read More...
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For most of its 95-year history, the U.S. Federal Reserve has been a pretty sleepy, opaque institution. No more. By John W. Schoen. Read More...
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Fed chief Ben Bernanke appeared Sunday at a town hall-style forum, marking a rare opportunity for regular citizens to question a sitting Fed chairman. Read More...
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An estimated $96 billion in stimulus spending directed at water infrastructure worldwide will be a boon for water-related stocks in the next two years Read More...
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Traditional versions of the iconic device are a thing of the past, but future iterations will have a long and vibrant future Read More...
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Big pharmaceutical companies may gain more from collaborating on research and development than from mega mergers Read More...
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The U.S. price of gasoline fell about 7 cents a gallon during the past two weeks to $2.49, for a gallon of regular unleaded. Read More...
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In the first of a series, Ed Wallace explains why the U.S. doesn't have the world's best health care but does have the most expensive Read More...
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A long wait for a green card, coupled with the soft U.S. economy, is prompting an exodus of some of the best and brightest Read More...
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A stock market that resumed its rally on upbeat earnings reports gets another batch of numbers this week — and must decide whether to keep going or backtrack Read More...
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While China's leadership will look for assurances on U.S. inflation, the American team wants to talk about the shape of a global recovery Read More...
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Congress approved the "Car Allowance Rebate System" program last month to boost auto sales and attempt to retire some inefficient cars and trucks. Here's Read More...
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A combination of recessionary times and perhaps fatigue with vertically stacked food has prompted chefs and restaurateurs to rethink, if not reimagine, Read More...
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There's a new doughnut in town with a Canadian accent, and it's saving Zachary Abella from making a two-hour commute. Read More...
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If you're looking for a roundup of the world's best hamburgers, you've come to the wrong place. This is about the most original and innovative burgers Read More...
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The United States and China begin talks Monday to seek a solution to the financial crisis despite tensions over currencies, the U.S. budget deficit and Read More...
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A British newspaper reported Sunday that a group of eminent economists have apologized to Queen Elizabeth II for failing to predict the financial crisis Read More...
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It's hard to imagine Alan Greenspan holding a town hall meeting. But then he never faced the pressure Bernanke does to explain his policies to a frustrated, Read More...
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U.S. markets have rallied, but don't suddenly ignore emerging markets. Worth a look: Singapore-traded Jardine Strategic, Brazil's Randon, and Israel's Read More...
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President Obama’s top antitrust official and some senior Democratic lawmakers preparing to rein in a host of major industries are facing resistance from Read More...
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In the first of a series, Ed Wallace explains why the U.S. doesn't have the world's best health care but does have the most expensive Read More...
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While China's leadership will look for assurances on U.S. inflation, the American team wants to talk about the shape of a global recovery Read More...
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The recession is over. But what replaces it may well be a "different kind of expansion" — one with pokey growth and painful unemployment levels. Read More...
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Microsoft co-founder Bill Gates receives the Indira Gandhi Prize for Peace, Disarmament and Development from India's president, a government statement Read More...
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In an Ohio town with huge unemployment, the mayor, a worker, and 12 local families fought to save Norwalk Furniture, a high-end furniture maker Read More...
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It's more essential than ever to educate Americans of all ages about how money works. Can new efforts finally make a difference? Read More...
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DARPA, the Defense Dept. agency that helped invent the Internet, is setting its sights on cleantech Read More...
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Ford turns a surprising profit and Volkswagen moves closer to owning Porsche, in this video edition of The Business Week Read More...
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Are Russian planes more dangerous than Western ones? In the past 10 days, two Russian-built jets have crashed in Iran, killing a total of 185 people. On Read More...
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Corporate America is turning a profit again, but only by spending less, not making more. Read More...
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Apparently, hundreds more families this year are peddling wares on their front lawns or driveways. Garage sale postings on Craigslist rose 200 percent Read More...
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The down economy has made unlicensed contracting a bigger headache for people trying to work honestly. And many are fighting back. Read More...
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Microsoft Corp. will offer computer users a choice of Web browsers to ward off new European Union antitrust fines, EU regulators said Friday. Read More...
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Treasury Secretary Timothy Geithner and Federal Reserve Chairman Ben Bernanke squared off Friday in a public dispute on who should become the nation’s Read More...
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From cash for clunkers to first-time home-buyer plans to subsidized health-care benefits, here's how to make the most of the government's new programs Read More...
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U.S. consumer confidence waned in late July to the lowest reading since April on growing pessimism about the long-term economic outlook, a survey showed Read More...
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