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Sep 28, 2011

BUSINESS News, Sep 28, 2011


Where to find yield (Hint: Not in Treasuries)
CNNMoney
By Hibah Yousuf September 27, 2011: 2:36 PM ET NEW YORK (CNNMoney) -- With interest rates at record lows, is it too much to ask for inflation-beating yields and returns? Not if you can stand to part with US Treasuries. The recent twists and turns of...
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Google will finance rooftop solar installations
Los Angeles Times
Google wants homeowners to use solar panels to generate electricity. And it's investing $75 million to help up to 3000 of them install panels on their roofs. The Internet search giant said Tuesday that it will create a fund for solar installers to ...
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Greek lawmakers take bitter medicine, protests flare
Reuters
Tax office employees use whistles as they protest outside the Finance Ministry during a rally against the government's austerity measures in Athens, September 27, 2011. By Harry Papachristou and Michael Winfrey ATHENS (Reuters) - Greece's ruling party ...
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Reuters
U.S. cities' fiscal pain may become chronic: survey
Reuters
A ''For Sale'' sign is seen outside the boarded up entrance to the Central Falls Department of Parks and Recreation in Central Falls, Rhode Island August 1, 2011. By Lisa Lambert WASHINGTON (Reuters) - Fiscal pain for US cities grew more acute this ...
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Reuters
U.S. Home Prices Post Seasonal Rise
Wall Street Journal
By TESS STYNES And KATHLEEN MADIGAN US home prices rose for a fourth consecutive month in July but remain down from last year, according to Standard & Poor's Case-Shiller home-price indexes, as the housing market continues to struggle. ...
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Fisher Says Operation Twist May Be Ineffective, Hurt Jobs
BusinessWeek
By Vivien Lou Chen and Margot Habiby Sept. 27 (Bloomberg) -- Federal Reserve Bank of Dallas President Richard Fisher said the central bank's decision last week to push down longer-term interest rates risks proving ineffective and may hurt job creation. ...
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Stocks surge on hopes for Europe resolution
CNNMoney
By Ben Rooney September 27, 2011: 2:48 PM ET NEW YORK (CNNMoney) -- A rally on Wall Street accelerated Tuesday afternoon, with the Dow gaining 300 points, as investors grew more optimistic about Europe's debt crisis being resolved. ...
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RBC To Pay $30.4M To Settle SEC Charges On CDO Sales
Wall Street Journal
By Andrew Ackerman and Joan E. Solsman The Securities and Exchange Commission Tuesday said the corporate and investment-banking arm of Royal Bank of Canada (RY, RY.T) agreed to pay $30.4 million to settle charges it inappropriately sold unsuitable ...
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Wal-Mart Losing Top Two Online Executives
Bloomberg
By Matthew Boyle - Tue Sep 27 19:03:54 GMT 2011 Eduardo Castro-Wright speaks during the company's annual shareholders meeting in Fayetteville, Arkansas. Photographer: Beth Hall/Bloomberg Wal-Mart Stores Inc. (WMT) is losing the two executives in charge ...
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Research In Motion Gains on Speculation Icahn May Buy Stake
BusinessWeek
By Hugo Miller and Scott Moritz Sept. 27 (Bloomberg) -- Research In Motion Ltd., the maker of the BlackBerry smartphone struggling to revive falling sales, surged as much as 8.2 percent on speculation that activist investor Carl Icahn is buying a stake ...
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IBM, Intel Start $4.4 Billion in Chip Venture in New York
BusinessWeek
By Freeman Klopott and Xu Wang Sept. 27 (Bloomberg) -- International Business Machines Corp. and Intel Corp. will invest $4.4 billion over five years to create a hub for next-generation computer chip technology in New York, the state's Governor Andrew ...
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Consumers' confidence remains weak in September
Forbes
By ANNE D'INNOCENZIO , 09.27.11, 03:08 PM EDT Consumers' confidence remained weak in September after dropping to a post-recession low during the month before. That's left economists to wonder just what it'll take to get Americans feeling good about the ...
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Atomic worker advocates aghast at names in manual
Forbes
By DAN SEWELL , 09.27.11, 03:07 PM EDT CINCINNATI -- Advocates for US atomic workers sickened by radiation exposure say they're stunned that a federal claims training manual uses fictional characters' names, including an apparent reference to the ...
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Fed's Lockhart Says 'Operation Twist' to Have 'Modest' Impact
BusinessWeek
By Steve Matthews Sept. 27 (Bloomberg) -- Federal Reserve Bank of Atlanta President Dennis Lockhart said the Fed program announced last week to buy more long-term securities will probably give no more than a slight boost to the US economy. ...
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Survey: Health Insurance Costs Surge in 2011
ABC News
By TOM MURPHY AP Business Writer The cost of employer-sponsored health insurance surged this year, snapping a trend toward moderate growth, but experts say these increases may slow again in 2012. Annual premiums for family coverage climbed 9 percent ...
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ABC News
Texas tanker crashed due to pilot fatigue, investigators say
Los Angeles Times
Federal investigators say fatigue, improper communication and other errors — including a pilot reading a newspaper while navigating — contributed to a ship crash last year that caused the largest Texas oil spill in more than 20 years. ...
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Troubled homes hanging over U.S. housing market drops
Los Angeles Times
Call it a sliver of a silver lining for America's beaten down housing market: The inventory of troubled US homes not yet listed for sale is diminishing. Homes in foreclosure -- or headed into foreclosure -- are being sold at a fast enough clip to chip ...
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Regulators Delay Position Limits, Again
New York Times
By BEN PROTESS Federal rules set to rein in speculative commodities trading now face further delays, as financial regulators struggle to complete the controversial proposal amid threats of legal challenges. The Commodity Futures Trading Commission ...
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New York Times
New York Gasoline Gains as Conoco Idles Pennsylvania Refinery
Bloomberg
By Paul Burkhardt - Tue Sep 27 18:07:40 GMT 2011 New York gasoline rose as ConocoPhillips announced that it would stop processing crude at the end of this week at its Trainer, Pennsylvania, refinery and attempt to sell the plant. ...
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Judge Won't Dismiss Lehman Brokerage's Claim Against RBS
BusinessWeek
By Linda Sandler Sept. 27 (Bloomberg) -- A bankruptcy judge refused to dismiss a $346 million claim by Lehman Brothers Holdings Inc.'s brokerage against Royal Bank of Scotland Group Plc, saying he would “retain jurisdiction to hear and determine all ...
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U.S. Holocaust Museum receives $17M gift from estate
USA Today
WASHINGTON (AP) – The estate of a Holocaust refugee who fled to the United States from Germany announced a $17.2 million gift to the US Holocaust Memorial Museum on Tuesday, the museum's largest gift ever. By Denny Gainer, USA TODAY The US Holocaust ...
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USA Today
AP Enterprise: Appalachia faces steep coal decline
Forbes
By DYLAN LOVAN , 09.27.11, 12:09 PM EDT GARRETT, Ky. -- When business screeched to a halt at Jerry Howard's eastern Kentucky mine engineering company two years ago, he decided to call it quits after four decades in the coal industry. ...
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'Octomom' puts house up for sale
Boston Herald
By Lou Ponsi and Lori Basheda / The Orange County Register LA HABRA, Calif. – A for-sale sign was posted on the front lawn of the house where octuplets mom Nadya Suleman has lived for more than two years. The 2583-square-foot house with four bedrooms ...
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Report: Consumers spent less, earned less in 2010
The Associated Press
WASHINGTON (AP) — Consumers earned less and spent less for a second straight year in 2010. The government report released Tuesday offered a deeper look at how Americans have adjusted their spending after the worst recession since the Great Depression. ...
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The Associated Press
FDA warns of eating Hood Canal oysters
Bizjournals.com
Eating raw oysters from an area around Hood Canal can be dangerous because they might cause a potentially sickening illness, the US Food and Drug Administration warns. Eating raw oysters from an area around Hood Canal can be dangerous because they ...
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Duke, MIT Investments Surge as Colleges Rebound
Bloomberg
By John Lauerman - Tue Sep 27 15:35:21 GMT 2011 Endowment managers at Duke University and the Massachusetts Institute of Technology said returns surged as more colleges' investments rebounded from the global financial crisis that began in 2008. ...
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Did Ford Pull Anti-Bailout Ad Under White House Pressure?
Mediaite
by Alex Alvarez | 2:59 pm, September 27th, 2011 Earlier this month, we looked into a report Fox News' Megyn Kelly presented on an anti-bailout ad from Ford Motor Co. Was this commercial, she wondered, trying to piggyback onto the Tea Party movement's ...
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Safety agency probes Jeep, Honda vehicles
Reuters
(Reuters) - Auto safety regulators have opened preliminary investigations into 2002 and 2003 model year Jeep Liberty vehicles over possible problems with airbag deployment. The National Highway Traffic Safety Administration said on its website that it ...
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One ticket to Squaw and Alpine
ESPN
By Megan Michelson Courtesy of Alpine Meadows Squaw Valley and Alpine Meadows, seen here, will now be accessible via a shared lift ticket. Squaw Valley announced early Tuesday morning that the Tahoe ski area would be merging with neighboring Alpine ...
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ESPN
The New Small Business
By Small Business News
This isn't your father's small business. The small business world has changed a lot in the last few years and small business folks must change with it.
Small Business News, Tips, Advice...
30 Killer Creative Business Cards
By SloDive Admin
Check out these utterly Creative Business Cards and you will also say hats off to the creative thinking of the designers of these Business Cards.
SloDive
4 Considerations for Mounting Your Business Startup to ...
By admin
The exposure to international markets promises greater benefits, ROI and recognition for any business. This is primarily why all business houses focus on making their place in international markets. It paves the way for efficient communication ...
Invoicing & More!
Walgreen profit up 69% for quarter ... - Crain's Chicago Business
CVS operates a large pharmacy benefits management business, while Walgreen sold its own PBM unit in June. Shares of Walgreen, which runs more than 7700 drugstores, were up 2 percent at $36.75 in premarket trading. The company said ...
Chicago Business News
Rough Type: Nicholas Carr's Blog: Facebook's business model
Facebook's business model. September 26, 2011. The desire for privacy is strong; vanity is stronger. Posted by nick at September 26, 2011 10:57 PM | Tweet. Advertisement: Now available in paperback: Nicholas Carr's Pulitzer ...
Rough Type: Nicholas Carr's Blog
biz ladies: launching a business | Design*Sponge
By Stephanie
Today, Rena shares some of her personal expertise on launching a business. From the initial legal steps to spreading the word about your new biz, Rena presents her easy steps to launching your business the right way. Thanks, Rena, for this ...
Design*Sponge
The New York Times Lays Off 15 From About.com's Entire Editorial ...
By Noah Davis
The new CEO couldn't turn around the company's fortunes.
SAI
How many outsiders does your web business rely on? | VentureBeat
By Steve Tack
Steve Tack is chief technology officer of APM Solutions for Compuware Corp. We are no longer isolated. Who could have imagined a tiny country like Greece could threaten the world's economy? A similar interdependence holds true for ...
VentureBeat
Parappa the Rapper could return via new business models or Vita ...
By JC Fletcher
"It's not just content issues -- there's also business issues," NanaOn-Sha director of development Dewi Tanner explained. "How people pay for games has changed compared to 15 years ago. We're not sure that people would be willing to pay ...
Joystiq
Small Business Outreach | Congress | The Daily Caller
By Michael Watson
Got small business problems? Congress wants to hear about it | House committee launches new outreach effort to interface with small business owners.
The Daily Caller
Business Insider: Google, Dish Highest Bidders For Hulu – Deadline ...
By THE DEADLINE TEAM
Here's a little news, though: According to a Business Insider report today, Google was the highest bidder at $4 billion, though that price includes special conditions beyond what Hulu owners Disney, Fox, Comcast and Providence Equity ...
Deadline.com
Is CardCloud the End of the Traditional Business Card? | Personal ...
By Heather Huhman
Have you ever been caught without an extra business card to share with a new contact? It happens to the best of us – you might be at a family party or running errands, and happen to run into someone who you'd like to speak with again. ...
Personal Branding Blog - Dan Schawbel
Business Services − Tips When Looking to Buy a Business in Sydney
By admin
Are you interested to buy a business in Sydney but don't know the right place and process to start? Do you know how to determine the best possible routes to buy abusiness in a short span of time without compromising your budget? Here are ...
Business Services
Elk Grove Business Evacuated Due To Gas Leak « CBS Sacramento
By Lisa
The smell of gas forced the evacuation of an Elk Grove business this morning, according to the Cosumnes Fire Department.
CBS Sacramento
How to Create a Million-Dollar Business This Weekend (Examples ...
Noah Kagan built two multi-million dollar online businesses before turning 28. He also looks great in orange. (Photo: Laughing Squid) I first met Noah.
www.fourhourworkweek.com/.../how-to-create-a-million-doll...
Google+ Lays the Groundwork for Business Profiles | Digital ...
But several unofficial business profiles have cropped up on Google+, set up ... Clear, we suppose, to those who follow the business of Google+ closely. But clear ...
adage.com/article/digital/google-lays-groundwork.../230036/
The Guy Who Created Facebook's iPad App Just ... - Business Insider
What is taking Facebook so long to release its iPad app?
www.businessinsider.com/the-guy-who-created-facebooks-ipa...
Apple Cutting IPad Supply Chain Orders 25%, JPMorgan Says ...
Apple Inc. is cutting orders to vendors in the supply chain for its iPad tablet computer, a move that may result in slower sales for companies including Hon Hai ...
www.businessweek.com/.../apple-cutting-ipad-supply-chain-or...
EU given six weeks to protect itself against 'inevitable Greek default ...
IMF tells eurozone EFSF may need to be boosted five-fold to £1.7tn to convince markets that default could be contained.
www.guardian.co.uk/business/.../eu-six-weeks-greek-default
BBC News - Maine lobsters: Breeding a sustainable business
While overfishing threatens fish stocks in many parts of the world, Maine's lobster population keeps on growing. How do they do it?
www.bbc.co.uk/news/magazine-15010145
8 ways Boeing's 'Dreamliner' will change flying - Business - CBC News
Boeing will deliver its first 787 jet on Sunday, injecting new technologies and new routes into the commercial airline industry.
www.cbc.ca/news/business/story/.../dreamliner-delivery.html

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