Business News
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A guide to the Federal Reserve's events Wednesday
Tuesday, Jun 18, 9:03 pm
WASHINGTON (AP) - Worry and speculation have consumed investors since Chairman Ben Bernanke spoke to Congress last month about the Federal Reserve's drive to keep long-term interest rates at record... Read more...
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Dish won't submit revised bid for Sprint
Tuesday, Jun 18, 6:11 pm
ENGLEWOOD, Colo. (AP) - Satellite TV operator Dish Network Corp. said Tuesday it would not submit a revised bid for Sprint, leaving the path open for the wireless carrier to accept what it already... Read more...
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Japan's trade deficit climbs to $10.5B in May
Tuesday, Jun 18, 5:53 pm
TOKYO (AP) - Japan's trade deficit rose nearly 10 percent in May to 993.9 billion yen (nearly $10.5 billion) as rising costs for imports due to the cheaper yen matched a rebound in exports, the... Read more...
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SEC to require mea culpas in some big settlements
Tuesday, Jun 18, 5:51 pm
WASHINGTON (AP) - The chairman of the Securities and Exchange Commission says the agency will start requiring companies and individuals to admit wrongdoing in some big settlements. Currently,... Read more...
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Taco Bell jumps on protein craze with menu test
Tuesday, Jun 18, 3:19 pm
NEW YORK (AP) - Taco Bell plans to test a "Power Protein" menu that it's hoping will eventually be hit with its core audience _ young men. The chain says it will start testing the... Read more...
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Court: Ex-Im Bank needs to explain Air India loan
Tuesday, Jun 18, 2:52 pm
WASHINGTON (AP) - A federal bank that backed a huge airplane loan for Air India will have to explain that the loan didn't hurt U.S. airlines. A lawsuit by Delta Air Lines Inc. had accused the... Read more...
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Treasury unveils Lew's improved signature
Tuesday, Jun 18, 2:38 pm
WASHINGTON (AP) - Treasury Secretary Jacob Lew won't win any prizes in penmanship, but his official signature which will go on the nation's currency is at least a slight improvement over the loopy... Read more...
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US Treasury bond market at a glance
Tuesday, Jun 18, 2:28 pm
Key barometers in the Treasury market late Tuesday, compared with late Monday. Price changes in the 10-year note and 30-year bond are per $100 invested: ... Read more...
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Waiting for word from Bernanke, stocks move higher
Tuesday, Jun 18, 2:27 pm
NEW YORK (AP) - It's all about the Fed. Still. U.S. stocks moved higher Tuesday, helped by news of a pickup in home building and low inflation. But the Federal Reserve loomed large, with... Read more...
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Hormel, Gevo, Suntech are big movers
Tuesday, Jun 18, 2:14 pm
NEW YORK (AP) - Stocks that moved substantially or traded heavily Tuesday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE Hormel Foods Corp., down $1.46 at $39.19 The... Read more...
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Chrysler agrees to recall of Jeeps at risk of fire
Tuesday, Jun 18, 2:12 pm
DETROIT (AP) - Chrysler abruptly agreed to recall 2.7 million older model Jeeps Tuesday, reversing a defiant stance and avoiding a possible public relations nightmare over fuel tanks that can rupture... Read more...
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News Summary: Russell 2000 is oh so close to 1,000
Tuesday, Jun 18, 1:47 pm
(AP) - ONE DIRECTION: All the major U.S. stock indexes were up Tuesday. Reports of increased home building and low inflation helped boost the market, but the Federal Reserve's Wednesday afternoon... Read more...
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How the Dow Jones industrial average fared
Tuesday, Jun 18, 1:44 pm
(AP) - U.S. stocks moved higher Tuesday, boosted by reports about increased home building and low inflation. But the real emphasis was on the Federal Reserve, which on Wednesday should reveal... Read more...
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Metals decline as traders wait for Federal Reserve
Tuesday, Jun 18, 1:20 pm
(AP) - Metal prices fell as traders anticipate that the Federal Reserve may start easing its support for the economy. The price of gold for August delivery fell $16.20, or 1.2 percent,... Read more...
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News Summary: Chrysler agrees to recall 2.7M Jeeps
Tuesday, Jun 18, 1:16 pm
(AP) - CHRYSLER CAVES: Chrysler reversed course and agreed to recall 2.7 million Jeeps Tuesday. The company insists the vehicles are safe, and initially denied the government's request to recall... Read more...
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