June 18, 2013
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Business News
Sales of bank-owned homes hit 5-year low in 1Q
LOS ANGELES — Sales of bank-owned homes have plunged to a five-year low, the latest evidence that the nation’s foreclosure woes are easing as the U.S. housing market recovery gains momentum. For...
May 31, 2013 | 0 0 comments | 3 3 recommendations | email to a friend
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Smoldering landfill may threaten nuclear waste
BRIDGETON, Mo. — Dawn Chapman can put up with the noxious smell caused by smoldering trash in a landfill near her suburban St. Louis home. But if the burning creeps close to buried nuclear waste, s...
May 30, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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Banks report record earnings
WASHINGTON — U.S. banks earned more from January through March than during any quarter on record, buoyed by greater income from fees and fewer losses from bad loans. The largest banks are increa...
May 30, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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Chinese graduates face tightest job market
BEIJING — Chemistry student Jiang Wenying graduated three years ago and decided the job market was so tough she might as well go back to school for a graduate degree. Now she’s finding it even wors...
May 30, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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Associated Press A Smithfield ham sits on a shelf in 2011 at a grocery store in Richardson, Texas. Chinese meat processor Shuanghui International Holdings Ltd. agreed Wednesday to buy Smithfield Foods Inc. for approximately $4.72 billion in a deal that would take the world's biggest pork producer private.
China’s Shuanghui to acquire Smithfield
RICHMOND, Va. — The ham sandwich you had for lunch is the latest example of China’s growing appetite for U.S. investment. Smithfield Foods Inc., one of the biggest pork producers in the U.S., on...
May 30, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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Oil rises above $95 a barrel, tracking stocks
NEW YORK — The price of oil rose to $95 a barrel Tuesday, supported by gains on global stock markets. Benchmark oil for July delivery rose 86 cents to close at $95.01 a barrel in New York. It wa...
May 29, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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Mothers now top earners in 4 in 10 US households
WASHINGTON — A record number of American women are now the sole or primary breadwinners in their families, a sign of the rising influence of working mothers, a new study finds. Mothers now keep fin...
May 29, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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Associated Press A car drives past the Forum Business Center where two of the businesses linked to Liberty Reserve are located on Tuesday near Pozos de Santa Ana. Costa Rican police raided three homes and five businesses related to Liberty Reserve and seized papers and digital documents that will be turned over to U.S. authorities.
7 face charges in biggest laundering scheme in US
NEW YORK — Calling it perhaps the biggest money laundering scheme in U.S. history, federal prosecutors charged seven people Tuesday with running what amounted to an online, underworld bank that han...
May 29, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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EU leaders sound alarm on youth unemployment
PARIS — European leaders sounded the alarm on youth unemployment Tuesday and called for businesses to help solve a problem that has left nearly one in four young people in Europe without a job. ...
May 29, 2013 | 0 0 comments | 2 2 recommendations | email to a friend
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Canadian drugmaker to buy Bausch & Lomb
Canadian drugmaker Valeant Pharmaceuticals said Monday that it will pay $8.7 billion to buy Bausch & Lomb, one of the world’s best-known makers of contact lenses, in a massive expansion of Valeant’...
May 28, 2013 | 0 0 comments | 1 1 recommendations | email to a friend
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