Business News
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Economists predict increase in consumer spending
Sunday, May 19, 9:04 pm
WASHINGTON (AP) - Consumer spending is likely to pick up this year, while government spending declines at a faster rate, according to a survey of business economists. The economists predict... Read more...
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United to restart 787 flights on Monday
Sunday, May 19, 9:03 pm
(AP) - United Airlines is getting its 787s back in the air. The planes are returning after being grounded for four months by the federal government because of smoldering batteries on 787s... Read more...
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Jamie Dimon under pressure ahead of investor vote
Sunday, May 19, 12:31 pm
NEW YORK (AP) - Jamie Dimon, chairman and CEO of the country's biggest bank, faces a key test this week: His shareholders are voting on whether to let him keep both jobs. It's been just... Read more...
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Hits and misses in Facebook's history
Sunday, May 19, 6:24 am
(AP) - Facebook made its debut on the stock market a year ago on May 18 in one of the largest IPOs in history and the biggest for any Internet company. The social network's market value... Read more...
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Bernanke forecasts gains from computer technology
Saturday, May 18, 12:53 pm
WASHINGTON (AP) - Federal Reserve Chairman Ben Bernanke says pessimists forecasting that the economy will not reap sizable benefits from the computer revolution are likely to be proven wrong. Bernanke... Read more...
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Bank of Montreal ordered to fix oversight lapses
Friday, May 17, 2:47 pm
WASHINGTON (AP) - Federal regulators are ordering the Bank of Montreal to take steps to correct lapses in oversight that could allow the bank to be used for money laundering. The Federal Reserve... Read more...
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Stocks rise on hopeful signs for the US economy
Friday, May 17, 2:40 pm
NEW YORK (AP) - Encouraging news about the U.S. economy extended the stock market's rally Friday. Small-company stocks rose the most, a sign that investors are taking on more risk. Two companies... Read more...
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US Treasury bond market at a glance
Friday, May 17, 2:35 pm
Key barometers in the Treasury market late Friday, compared with late Thursday. Price changes in the 10-year note and 30-year bond are per $100 invested: ... Read more...
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J.C. Penney, Stage Stores, ViaSat are big movers
Friday, May 17, 2:23 pm
NEW YORK (AP) - Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE J.C. Penney Co., down 78 cents at $18.01 Still... Read more...
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News Summary: Stocks gain for fourth straight week
Friday, May 17, 1:56 pm
(AP) - THE FUTURE IS BRIGHT: Positive reports on leading economic indicators and consumer confidence gave the stock market a boost on Friday, helping stocks to their fourth consecutive week of... Read more...
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Pew survey questions Gen X, baby boomer savings
Friday, May 17, 1:51 pm
NEW YORK (AP) - A research report by the Pew Charitable Trusts says younger baby boomers and Generation Xers face an uncertain retirement because of reduced savings, high levels of debt, and losses... Read more...
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GM stock rises above $33 for first time in 2 years
Friday, May 17, 1:50 pm
DETROIT (AP) - Shares of General Motors reached an important milestone on Friday, closing above their initial public offering price of $33 for the first time in more than two years. GM shares... Read more...
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Figures on government spending and debt
Friday, May 17, 1:49 pm
Figures on government spending and debt (last six digits are eliminated). The government's fiscal year runs Oct. 1 through Sept. 30. ... Read more...
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Stocks rise on hopeful signs for the US economy
Friday, May 17, 1:48 pm
NEW YORK (AP) - Encouraging news about the U.S. economy is extending the stock market's rally. U.S. stock indexes rose for the fourth week in a row and are at record levels. A gauge of... Read more...
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How the Dow Jones industrial average fared Friday
Friday, May 17, 1:41 pm
(AP) - Encouraging news about the U.S. economy pushed stock prices higher on Wall Street Friday. A gauge of future economic activity rose more than analysts had expected, as did a measure of consumer... Read more...
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