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Positive Economic News Sends Indexes Higher (Jun-10, 09:35 EDT )-- The Dow rose more than 2 percent at the opening on Thursday, fueled by a better than expected report on jobless claims.
BP Tries to Reassure Investors (Jun-10, 09:31 EDT )-- Business leaders urged the British government to defend BP against political pressure from Washington, where lawmakers have called on the company to suspend its dividend.
Plastic's Future May Not Be In The Bag (Jun-10, 09:29 EDT )-- The California Assembly just voted to approve the nation's first statewide ban on plastic bags. The move follows action taken in several cities. But industry officials say it will be costly -- and will cost consumers use of a good product.
Travails of a Charter Captain (Jun-10, 09:26 EDT )-- Brad Schmit captains charter boats for sport fishermen in southern Louisiana, and like most charter boat captains in the region, he has seen his business struggle from the effects of the BP spill.
Why I Hired Chef Joe (Jun-10, 09:23 EDT )-- Like a first date that leaves both parties unexcited, we left the bistro unsatisfied, unconvinced about each other. It was not love at first bite.
Exports Declined as Trade Gap Widened in April (Jun-10, 09:10 EDT )-- The drop was a potentially worrisome sign that Europe’s debt troubles are beginning to crimp American manufacturers.
What Crisis Panel Faces in Its Fight With Goldman (Jun-10, 09:02 EDT )-- White Collar Watch examines the problems that the Financial Crisis Inquiry Commission faces in enforcing a subpoena to Goldman Sachs demanding information about its transactions.
Panel Assails A.I.G. Bailout for Distorting Market (Jun-10, 08:33 EDT )-- The Congressional Oversight Panel on Thursday lambasted the U.S. government's decision to rescue American International Group in September 2008, saying the bailout continues to have "a poisonous effect on the marketplace."
Panel Criticizes Government On AIG Bailout (Jun-10, 08:09 EDT )-- A watchdog panel says it's still unclear whether U.S. taxpayers will ever fully recoup the $182 billion they plowed into American International Group Inc., and the government should have used up all its options before bailing out the crippled insurance...
2 European Central Banks Keep Rates Steady (Jun-10, 08:03 EDT )-- The Bank of England and the European Central Bank stand pat amid concerns about the direction of the economy.
Total Jobless Claims Drop Steeply (Jun-10, 07:55 EDT )-- The tally of laid-off workers continuing to claim jobless benefits fell by 255,000, the largest amount in almost a year. At the same time, new claims for unemployment insurance dipped slightly for the third straight week.
Author Explores The Evolution Of Facebook (Jun-10, 07:15 EDT )-- What began as a Harvard-only website is now the social networking tool of almost 500 million people worldwide. David Kirkpatrick examines the site's short history and its long-term potential in The Facebook Effect.
Will Obama Push for Financial Stability? (Jun-10, 06:23 EDT )-- How hard the president is willing to fight for stronger financial regulation will become apparent as the House and Senate try to reconcile their bills, an economist writes.
Swiss Parliament Delays Final Vote on UBS Deal (Jun-10, 06:15 EDT )-- The lower house will vote next week on the agreement with the United States to hand over UBS client data.
China’s Trade Rose in May; Surplus Grows (Jun-10, 05:48 EDT )-- The jump showed that the European debt crisis has not yet significantly crimped the pace of growth in one of the world’s fastest-growing major economies.
Russia Lets China Tap Resources in Siberia (Jun-10, 03:50 EDT )-- Russian companies are clamoring to sign deals over materials like iron, coal and timber to sell into the insatiable Chinese market.
GM Orders Employees To Stop Saying Chevy (Jun-10, 03:00 EDT )-- According to The New York Times, General Motors sent a memo to employees at its Detroit headquarters, ordering them to stop using the word Chevy. Instead, they are to use the brand's full name: Chevrolet.
Oil Spill Hearings Dominate Capitol Hill (Jun-10, 03:00 EDT )-- Congress has held more than two dozen hearings on the Gulf oil spill. Lawmakers are looking into what happened, who's responsible and what should be changed. They've also found a target in BP, perhaps the only organization less popular than Congress...
Pro-Business Party Claims Win In Dutch Elections (Jun-10, 03:00 EDT )-- Preliminary results of Wednesday's election in the Netherlands, show fears about the country's economic future pushed aside a potential surge by anti-immigrant groups. Voters did, however, give huge gains to a right-wing politician, who wants to stop...
Experts Say Oil Cleanup Will Probably Takes Years (Jun-10, 03:00 EDT )-- BP says the effort to clean up the Deepwater Horizon oil spill will be "largely complete" by the end of this year. But with the ruptured well still gushing crude, federal officials, scientists and many Louisiana residents say they'll be mopping up oil...
Nashville: We're Open For Business (Jun-10, 03:00 EDT )-- Nashville's tourism industry has worked overtime to reassure visitors that the city is ready for this year's CMA Music Festival, which starts Thursday. Several of the country music events had to be moved because some venues that were underwater last...
Minnesota Nurses Stage 1-Day Strike (Jun-10, 03:00 EDT )-- Thousands of nurses in Minnesota are on picket lines Thursday, staging a 24-hour strike. Their union says it could be the biggest in U.S. nursing history. The new, fast-growing nurses union is trying to counter cuts in pay and benefits and protest...
May Foreclosure Rate Steadies As Banks Hold Back (Jun-10, 00:06 EDT )-- The foreclosure crisis appears to be leveling off. The number of people facing foreclosure is nearly flat from a year ago, according to the latest report from a private foreclosure listing service. A third fewer people are receiving legal warnings that...
Former Business Chiefs Win Primaries in California (Jun-10, 00:03 EDT )-- Carly Fiorina, former chief of Hewlett-Packard, and Meg Whitman, formerly of eBay, have lifted the profile of the business executive in California races.
Senate Seeks To Close Hedge Funds Tax Loophole (Jun-9, 23:29 EDT )-- Senate lawmakers are looking to partially close a controversial tax loophole that has allowed managers of investment partnerships, from hedge funds to real estate developers, to pay less than half the regular tax rate on much of their income.
Dreaming Of New York, Hawaii Grad Heads East (Jun-9, 23:01 EDT )-- Fresh out of college, Ryan Kam is leaving his home in Waikiki to move to New York City to find work because Hawaii lacks the diversity of jobs that exists on the mainland. Tourism, the dominant industry island, offers few opportunities for upward...
Arkansas Race Highlights White House-Labor Divide (Jun-9, 23:00 EDT )-- A year and a half after President Obama's election, unions are questioning whether he has fought hard enough on their behalf. They are disappointed by the lack of a public option in the health care overhaul and about the stalled "card check" measure.
Calif. Pot Movement Adopts Glossier Approach (Jun-9, 23:00 EDT )-- Marijuana advocates say more aggressive efforts to brand and market cannabis strains is a sign their movement is gaining legitimacy. But, they say, if California legalizes pot, the day is not far off when multinational companies will compete for market...
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