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AP: Business
Ex-Stanford exec tells jurors of secret account
HOUSTON (AP) -- The ex-chief financial officer for Texas tycoon R. Allen Stanford's businesses says the financier funneled millions of dollars from investors to a secret Swiss bank account that he used to pay for personal expenses, bribes to regulators and employee bonuses....
Categories: NEWS: Business and Financial
Micron CEO dies in plane crash
BOISE, Idaho (AP) -- Steve Appleton, the chief executive and chairman of Micron, died Friday morning in a small, experimental fixed-wing plane crash, the company said. He was 51....
Categories: NEWS: Business and Financial
House ready to consider insider trading ban
WASHINGTON (AP) -- Legislation that would ban insider trading by lawmakers and thousands of executive branch officials headed for what could be a more contentious debate in the House after sailing through the Senate on a 96-3 vote....
Categories: NEWS: Business and Financial
Stocks jump on strong jobs report for January
NEW YORK (AP) -- A drop in the unemployment rate to its lowest level in three years propelled stocks higher Friday. The Dow Jones industrial average jumped more than 140 points, drawing the average to its highest mark since before the financial crisis hit in 2008....
Categories: NEWS: Business and Financial
NY's Schneiderman sues banks in foreclosure effort
ALBANY, N.Y. (AP) -- New York's attorney general on Friday accused some of the nation's largest banks of deceit and fraud in using an electronic mortgage registry that he said puts homeowners at a disadvantage in foreclosures....
Categories: NEWS: Business and Financial
Unemployment drops to 8.3 pct. after hiring burst
WASHINGTON (AP) -- In the most impressive surge for the job market since early last year, the United States added 243,000 jobs in January, far more than economists expected. The unemployment rate dropped to 8.3 percent, the lowest in three years....
Categories: NEWS: Business and Financial
Super Bowl ads that generate buzz after the game
NEW YORK (AP) -- Companies hope you'll be gabbing about their Super Bowl ads on Monday morning. But the ultimate score is if those conversations continue throughout the year....
Categories: NEWS: Business and Financial
US service industry growth surges in January
WASHINGTON (AP) -- U.S. service companies grew at the fastest pace in 11 months in January as companies started hiring to keep up with rising demand....
Categories: NEWS: Business and Financial
Pew study: Facebook users get more than they give
NEW YORK (AP) -- The goody-two-shoes among us say it's better to give than to receive. That's not true for the average Facebook user, though....
Categories: NEWS: Business and Financial
Factory orders up 1.1 percent in December
WASHINGTON (AP) -- Orders to U.S. factories rose in December, supported by a rebound in business investment in capital goods such as heavy machinery....
Categories: NEWS: Business and Financial
Feds: Mid-Atlantic wind farms take step forward
BALTIMORE (AP) -- Offshore wind farms from New Jersey to Virginia took a big step closer to reality with the completion of a review that showed the renewable energy source would leave no major environmental damage, officials said Thursday....
Categories: NEWS: Business and Financial
Viacom 1Q earnings shredded by 'Rock Band'
NEW YORK (AP) -- Viacom Inc., the owner of Paramount Pictures, MTV and Comedy Central, on Thursday posted a 65 percent drop in net income for the latest quarter, as it took a charge related to the "Rock Band" series of video games....
Categories: NEWS: Business and Financial
Retailers deliver solid sales gains for January
NEW YORK (AP) -- Americans were shopping in January, but not every store was feeling the love....
Categories: NEWS: Business and Financial
Egypt market plunges after deadly soccer riots
CAIRO (AP) -- Egypt's benchmark stock index fell over 2 percent Thursday, paring an earlier plunge stemming from deadly soccer riots the night before that left 74 dead and rekindled fears of fresh instability akin to the unrest that has battered the country and its economy in the year since the ouster of Hosni Mubarak....
Categories: NEWS: Business and Financial
EU official: Greece needs extra $20 billion
BRUSSELS (AP) -- Greece needs about an extra euro15 billion ($20 billion) to get its debt down to manageable levels - and the rest of 17-country eurozone is being asked to help foot the bill....
Categories: NEWS: Business and Financial
Former MF Global official says he warned Corzine
WASHINGTON (AP) -- The former chief risk officer of MF Global says he warned then-CEO Jon Corzine in late 2010 of the risks in large bets on European government debt. Those bets sank the brokerage firm last fall....
Categories: NEWS: Business and Financial
US stocks flat after mixed economic data
Investors coasted on Thursday, leaving stocks little changed one day ahead of a closely-watched government update on jobs....
Categories: NEWS: Business and Financial
Bernanke defends Fed policies against GOP critics
WASHINGTON (AP) -- Ben Bernanke defended the Federal Reserve's decision to hold interest rates at record-low levels for the next three years, during a contentious hearing before federal lawmakers....
Categories: NEWS: Business and Financial
NYSE, Deutsche Boerse call off merger on EU block
NEW YORK (AP) -- The New York Stock Exchange and German exchange Deutsche Boerse called off their planned merger Thursday, a day after the European Union said it would block the union because of concerns about a monopoly....
Categories: NEWS: Business and Financial
Facebook surrenders its privacy in IPO documents
SAN FRANCISCO (AP) -- Facebook is baring its business soul....
Categories: NEWS: Business and Financial