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Oil Near 2012 Low, Closes At $91.66
Oil prices dropped near their lows for the year following warnings of a "severe recession" in Europe and an apparent easing of tensions over Iran's nuclear program.
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Private Group Buys Motel 6
Accor says it has agreed to sell Motel 6 and another North American economy hotel brand to an affiliate of The Blackstone Group for $1.9 billion.
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SEC Reviewing JPMorgan's Filings After $2 Billion Loss
Federal regulators are reviewing what JPMorgan Chase told investors about its finances and the risks it took weeks before suffering a multibillion-dollar trading loss.
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U.S. Home Sales Up In April
The National Association of Realtors says home sales rose 3.4 percent last month to a seasonally adjusted annual rate of 4.62 million.
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Unemployment Rates Fall In Two-Thirds Of US States
Unemployment rates fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.
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Facebook Stock Jumps In Public Debut
Facebook is updating its status to "public company" as its stock jumps in its debut on the Nasdaq Stock Market.
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Study: Safety Inspections Don't Hurt Profits
While businesses bemoan the cost of regulations, a new study suggests that enforcing workplace health and safety rules can save lives without sapping a company's bottom line.
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Facebook Prices IPO At $38 Per Share
Facebook's initial public offering could be one of the largest in history if its stock prices at the high end of its expected range on Thursday.
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Postal Service To Begin Closing Plants This Summer
The nearly bankrupt U.S. Postal Service is moving ahead with plans to close dozens of mail processing centers, saying it can no longer wait for Congress to decide how to cut postal costs.
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U.S. Unemployment Aid Applications Stay At 370,000
The number of people seeking unemployment benefits was unchanged last week, suggesting steady gains in the job market.
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U.S. 30-Year Mortgage Rate Falls To Record Lows
Average U.S. rates for 30-year and 15-year fixed mortgages fell to record lows for the third straight week.
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Business Raids Cost Kansas City Millions In Taxes
The competition to create jobs in a recovering economy is causing states to waive hundreds of millions of tax dollars as incentives for businesses.
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U.S. Economy Picks Up After Early Spring Slump
Maybe the U.S. economy's strength this winter wasn't just weather-related after all.
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Feds Investigate Preliminary JPMorgan Probe
FBI Director Robert Mueller says the bureau has launched a preliminary investigation of JPMorgan Chase & Co. following a $2 billion trading loss at the bank.
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Dimon Keeps Chairmanship, Challenged By Shareholders
The CEO of JPMorgan Case has survived an effort by shareholders to strip him of the title of board chairman.
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Facebook Raises IPO Price As Offering Nears
Facebook is raising the price at which it plans to sell stock to the public.
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Oil Starts Week At Lowest Level In 2012
The price of oil has declined to its low for the year on continued doubts about Europe's ability to pay off massive government debts.
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Kan. Lawmakers Resuming Talks On Cutting Taxes
Kansas legislators are resuming work on proposals to reduce sales and income taxes even though they've already approved a package of aggressive tax cuts.
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White House Says Bank Loss Shows Need For Rules
The White House says a $2 billion trading blunder by JPMorgan Chase shows the continued need for rules that protect the taxpayer when Wall Street makes mistakes.
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Best Buy Chairman Steps Down After CEO Probe
Best Buy's founder Richard Schulze is stepping down as chairman after an investigation found that he knew that the CEO was having a relationship with a female employee and did not alert the audit committee.
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Facebook CEO Turns 28, IPO Could Be $100 Billion Gift
He famously wears a hoodie, jeans and sneakers, and he was born the year Apple introduced the Macintosh. But Mark Zuckerberg is no boy-CEO.
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JPMorgan Chief Investment Officer Leaving
JPMorgan Chase says its chief investment officer is retiring after a $2 billion trading blunder.
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More Calls For Tougher Bank Regulation After JPMorgan Chase Loss
The trading loss of $2 billion by a division of JPMorgan Chase is triggering calls for tougher regulation of banks.
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Kroger CEO Got 66 Percent Pay Bump In 2011
The Kroger Co. says it gave CEO David Dillon a 66 percent pay bump last year as a reward for the company's improved performance.
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Nissan Profit Soars On Record Sales Amid Disaster
Nissan Motor Co.'s January-March profit has more than doubled to $941 million as the Japanese automaker achieved record sales despite production disruptions from last year's tsunami.
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Postal Service Loses $3.2 Billion In 2nd Quarter
The ailing U.S. Postal Service is reporting quarterly losses of $3.2 billion, brought on by declining mail volume and mounting costs for future retiree health benefits.
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Rate On 30-Year Mortgage Hits New Record Rates
Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, making home-buying and refinancing more affordable than ever for those who can qualify.
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Oil Falls To Near $96 As U.S. Crude Supplies Grow
Oil prices fell to near $96 a barrel Thursday after U.S. crude supplies rose to a 22-year high.
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Applications For Unemployment Aid Fall
The number of people applying for U.S. unemployment benefits ticked down last week after dropping sharply the previous week, evidence hiring could pick up this month.
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Honda Wins Appeal Of Small-Claims Hybrid Judgment
A Los Angeles County judge has overturned a nearly $10,000 small-claims judgment against American Honda Motor Co. that was won by a car owner who said the automaker misrepresented the gas mileage of her hybrid Civic.
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U.S. Casinos Slowly Coming Back From Recession Woes
The nation's commercial casinos continued their slow-but-steady comeback from the recession last year, with revenues up 3 percent nationwide and jobs holding nearly steady.
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Postal Service: Will Keep Rural Post Offices Open
The struggling U.S. Postal Service is trying to tamp down concern over its wide-scale cuts, saying it will seek to keep hundreds of rural post offices open with shorter hours.
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Toyota Quarterly Profit Quadruples On Recovery
Toyota is reporting January-March profit more than quadrupled to $1.5 billion from the previous year, capping off a hardship-filled year battered by the tsunami in Japan.
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Money Matters: Shopping Traps
Everyone likes to shop once in a while. But there are some simple ways that you can cut costs.
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Farmers Markets Getting Money To Take Food Stamps
The federal government is spending $4 million to help hook up farmers and low-income customers.
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Government Cuts Summer Gasoline Price Forecast
The government says gasoline will be cheaper this summer than previously expected thanks to a drop in the price of oil.
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GOP Blocks Senate Debate On Dem Student Loan Bill
Republicans have blocked the Senate from debating a Democratic bill keeping interest rates on college loans from doubling this summer for 7.4 million students.
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U.S. Employers Posted 3.74 Million March Jobs
U.S. companies in March posted the highest number of job openings in nearly four years, a sign that hiring could strengthen in the coming months after slowing this spring.
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McDonald's April Sales Rise But Miss Expectations
The world's largest hamburger chain says global sales rose 3.3 percent at stores open at least 13 months. But Thomson Reuters says analysts expected a 4.1 percent rise.
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U.S. Consumers Upped Their Borrowing In March
The Federal Reserve says total consumer borrowing rose $21.4 billion in March, the seventh straight monthly increase and the biggest since November 2001.
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Inch By Inch, Jobs Lost To Recession Trickle Back
U.S. job growth slumped in April for a second straight month. It suggested an economy that is growing steadily but still sluggishly, which could tighten the presidential race.
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President Obama Renews Push For Student Loan Rate Freeze
President Barack Obama says college students shouldn't have to pay higher interest rates on their loans just because Congress can't get its act together.
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Oil Drops Below $100
Economists are also increasingly focused on weakening oil demand. American oil consumption has dropped 5.3 percent in the first quarter.
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Postal Service: House Must Act To Stem Mail Losses
The nearly bankrupt U.S. Postal Service is urging the House to quickly pass legislation to let it close low-revenue post offices and eliminate Saturday delivery.
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Natural Gas Prices Rise 4 Percent; Oil Drops
Natural gas prices are up 4 percent after the government said supplies grew less than expected last week.
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US Service Companies Expand At Slower Pace
U.S. service companies, which employ roughly 90 percent of the work force, expanded more slowly in April.
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US Rate On 30-Year Mortgage Hits Record 3.84 Percent
Average U.S. rates for 30-year and 15-year fixed mortgages fell to fresh record lows this week, offering more incentive for Americans to buy or refinance homes.
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North America Boosts GM's First-Quarter Results
General Motors earned $1 billion in the first quarter as a strong performance in North America helped it overcome troubles in Europe.
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U.S. Applications For Unemployment Aid Drop Sharply
The number of people seeking unemployment benefits fell last week by the most in more than three months. The figure was a hopeful sign one day before the government releases the April jobs report.
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St. Louis Touted As Great Place For Cheapskates
A new report indicates that St. Louis is a great travel destination for cheapskates.
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