Express Independently
AP – Anheuser-Busch InBev NV, the world’s largest brewer, said Thursday that the football World Cup helped push up sales in the second quarter, boosting net profit by 7.5 percent to $1.15 billion.
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AB InBev Q2 profit up 7.5 pct on World Cup boost
(AP)
AP – Oil prices fell below $78 a barrel Thursday in Asia, extending losses amid signs the global economy will grow at a slower rate in the second half than previously expected.
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Oil falls below $78 on signs world economy slowing
(AP)
AP – With the oil well that had been spewing into the Gulf of Mexico plugged from the top and BP PLC and federal officials pondering whether the final plug, or “bottom kill,” is needed, local officials fear national disengagement from what remains a crisis of unknown proportions.
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Gulf leaders wary over wavering on final plug
(AP)
Reuters – U.S. stock index futures pointed to a mixed open on Wall Street on Thursday following Wednesday’s sharp sell-off triggered by rising concerns over the outlook for the global economy.
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Stock index futures mixed as Cisco eyed
(Reuters)
Reuters – A meeting of Indian officials and telecoms operators on whether to restrict Research in Motion’s BlackBerry services over national security fears was inconclusive, a top government official said on Thursday.
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India says BlackBerry meeting "inconclusive"
(Reuters)
AP – The number of U.S. homes lost to foreclosure surged in July, another sign lenders are moving quicker to take back properties from homeowners behind in payments.
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Homes lost to foreclosure up 6 pct from last year
(AP)
Reuters – General Motors Co has secured a $5 billion credit facility, two people briefed on the bank deal said on Wednesday, marking the return of the top U.S. automaker to the capital markets a year after it emerged from a landmark bankruptcy
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GM ties up $5 billion bank deal, IPO filing Friday: sources
(Reuters)
Reuters – American International Group Inc has started talks with potential investors to sell stakes in its Asian life insurance business AIA ahead of AIA’s planned IPO, sources with direct knowledge of the matter said.
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AIG talking to big investors on AIA IPO: sources
(Reuters)
Reuters – Bookseller Barnes & Noble Inc is in talks with Ronald Burkle’s investment firm to end the billionaire’s lawsuit and avoid a potential fight over the company’s board, a source with knowledge of the talks told Reuters late Wednesday.
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Barnes & Noble and Burkle in talks to end fight: source
(Reuters)
AP – A Kirkland financial planner who looted her clients’ investment accounts to the tune of $12 million was sentenced Wednesday to six years and eight months in prison by a federal judge who praised her for cooperating after she got caught.
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Wash. money planner gets about 7 years for fraud
(AP)
Reuters – Macy’s Inc quarterly results showed the department store operator boosted sales and gained market share without relying as much on discounts as its rivals to get shoppers into stores.
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Macy’s gains market share, sees better sales
(Reuters)
AFP – The US trade deficit widened sharply in June to the highest level in 20 months on increased imports from China, triggering fresh fears of a slowdown in the world’s largest economy.
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US suffers widest trade gap in 20 months
(AFP)
I wonder if it will be a mirror of Yahoo Answers: Internet search engine Ask.com is planning to go beyond algorithms and ask real human beings to help answer questions. Ask, which is seeking to expand its less than four percent share of the Web search market in the United States, launched an invitation-only beta, or test, version of the new service on Tuesday.
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Ask.com to Get Social
Business continuity can mean success or failure if data and applications on a production server are lost. Disaster recovery planning ensures organizations have the capability to continue essential functions across a wide range of situations that could disrupt normal operations. However, traditional data protection strategies focus on just the data and not the application
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Layers of Disaster Recovery Defined
The Christian Science Monitor – As President Obama prepares to sign the second historic reform bill of his administration – health care in March, finance reform next week – Republicans are offering their own answers to why jobs have not recovered and enlisting business groups to help make their case.
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GOP’s jobs ideas: Keep Bush tax cuts, freeze regulations
(The Christian Science Monitor)
AP – Investors are finding disappointment everywhere and taking out their frustration on stocks.
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Stocks drop on weak consumer sentiment, bank earns
(AP)
AP – Retail brokerage Charles Schwab Corp. on Friday reported flat second-quarter net income as waivers of clients’ money market fees amid low interest rates continued to crimp revenue growth. Results ticked higher from the first quarter, however, and the company forecast continuing improvement in the second half of the year.
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Schwab posts flat 2Q earnings, but beats estimates
(AP)
AP – Bank of America said Friday its second-quarter net income rose 15 percent to $2.78 billion as improvements in the company’s consumer loan businesses made up for a drop in trading revenue.
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Bank of America earns $2.78B in 2nd quarter
(AP)
AFP – US conglomerate General Electric said Friday its second quarter profit rose by a higher-than-expected 16 percent to 3.3 billion dollars despite falling revenue.
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GE notches first profit jump since financial crisis
(AFP)
AP – Resolving a high-profile government case linked to the mortgage meltdown, Goldman Sachs & Co. has agreed to pay a record $550 million to settle civil fraud charges that it misled buyers of complex investments.
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Goldman settles SEC battle with record $550M payment
(AP)
Cellular telephones, or cellphones, are an important part of modern society. When Miss Manners wrote about good manners and etiquette, mobile phones did not exist nearly to the extent they do in our society today. In an effort to assist cellphone users, we have written up some guidelines to help people use their mobile phones appropriately while navigating in polite society
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Cell Phone Etiquette – Part 2
Top of the list for successful entrepreneurs is the ability to collaborate. Those who can delegate, build strong relationships with their management teams, employees, and others are more likely to click with customers. The other five traits frequently found in flourishing small business owners: • Being self fulfilled
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Top Traits of Small Business Owners
The success of a small business does not solely depend upon the business’ products and services. Moreover, small business owners must understand the value of promotion and advertising. For instance, people are constantly looking for products and services that meet their ideals but if businesses don’t put much effort into getting the word out, most likely potential customers won’t know that such products and services are catered by the said business.
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Create Buzz for Your Small Business
AP – Dogged for being too calm in crisis, President Barack Obama unleashed frustration for all to see Friday, warning BP it had better do right by the people whose lives it has wrecked.
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Calm no more, Obama lashes out at BP on Gulf visit
(AP)
AP – Chrysler is recalling nearly 35,000 Dodge Calibers in the United States and around the world to fix a potential problem with sticky gas pedals, the same issue that has affected millions of Toyotas.
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Chrysler recalls Dodge Caliber over sticky pedals
(AP)
Reuters – Hiring by U.S. private employers slowed sharply in May, a setback for the economy’s recovery, even as temporary census hiring pushed overall payrolls growth to its biggest increase in 10 years.
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Job growth disappoints on weak private sector hiring
(Reuters)
AP – Oil prices fell for the week and so did the cost of gasoline at the pump. Natural gas prices, beaten down for much of the year, gained almost 13 percent since Tuesday as investors pulled money out of oil.
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Crude oil and retail gasoline end the week lower
(AP)
BusinessWeek – A year ago, the commercial real estate market was very ugly. Property values had dropped 40 percent and it looked like it was going to be very, very difficult to work our way out of the mess. There was a looming maturity of mortgages written between 2005 and 2007, the peak bubble years
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It Might Be the Right Time for REITs
(BusinessWeek)
The 20th Annual Software Industry Conference will be held on July 15 – 17, 2010 in Dallas, Texas at the Hyatt Regency DFW Hotel. The Software Industry Conference is a three day event that culminates with a Networking Gala Dinner that gives software developers and publishers an opportunity to form partnerships and alliances. The conference also includes dozens of informative, educational breakout sessions covering a wide variety of topics that are critical to the success of Independent Software Developers (ISVs).
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Software Industry Conference – for Internet Marketers and Developers
One of the really cool things about the technology available today is that your team can be located around the world and still accomplish its objectives. It’s really not necessary anymore for the team leader and team members to be sitting together in cubes to get the job done.
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Integrating a New Team Member Into Your Virtual Team
The credit card reform that Congress passed last year to protect consumers from practices like retroactive interest rate hikes did not cover small business credit cards. The law did direct the Federal Reserve Board to study the use of credit cards by small businesses and report back to Congress on whether further action is needed, giving the board 12 months to do so
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Small Business Credit
AP – Congress called BP and its drilling partners to account Tuesday for a “cascade of failures” behind the spreading Gulf oil spill, zeroing in on a crucial chain of events at the deep-sea wellhead just before an explosion consumed the rig and set off the catastrophic rupture.
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Execs grilled on oil spill ‘cascade of failures’
(AP)
AP – Regulators need more time to figure out what caused last week’s stock market plunge, the head of the Securities and Exchange Commission told a congressional panel Tuesday.
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SEC: Regulators yet to determine cause of plunge
(AP)
Reuters – Senate Republicans moved on Tuesday to kill part of a far-reaching Democratic Wall Street reform bill that seeks to crack down on mortgage securitization, a financial practice blamed widely for helping to inflate the subprime mortgage bubble.
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Senate GOP moves to kill securitizers rule
(Reuters)
AP – The Obama administration is proposing to split up an Interior Department agency that oversees offshore drilling, as part of its response to the Gulf Coast oil spill.
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Salazar urges splitting energy agency
(AP)
Reuters – The Senate on Tuesday challenged the Federal Reserve’s tradition of secrecy but postponed an overhaul of mortgage finance giants Fannie Mae and Freddie Mac under a massive reform of banking regulations.
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Senate OKs Fed audit as part of bank overhaul
(Reuters)
AFP – The European Union on Tuesday called for unconditional talks with the United States to resolve the Boeing-Airbus dispute over subsidies currently being heard at the World Trade Organization.
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EU seeks unconditional talks with US over Boeing-Airbus row
(AFP)
AFP – US videogame giant Electronic Arts posted a quarterly net profit on Tuesday, snapping its losing streak of 12 consecutive quarters in the red.
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Electronic Arts breaks losing streak
(AFP)
AP – Gov. Mark Parkinson said Tuesday that he will sign by the end of the month the increase in the state sales tax that the Legislature approved to protect public schools and government services from cuts.
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Kan. gov. to sign sales tax increase this month
(AP)
AP – The stock market showed signs of stability Tuesday as major indexes held on to most of their rebound from last week’s big drop.
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Stocks mostly hold gains after European bailout
(AP)
AP – The Greek government’s plan to make drastic public savings in return for a debt bailout by other European countries is “tough” but should work, the head of the International Monetary Fund said Tuesday.
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IMF chief optimistic about ‘tough’ Greek plan
(AP)
AP – European stock markets partly recovered from deeper losses Tuesday as Wall Street proved more buoyant than expected, even as the euphoria faded over the European Union’s $1 trillion plan to try to contain the debt crisis sweeping the continent.
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World markets pare losses as pound jumps
(AP)
BusinessWeek – For years, Johns Hopkins’ business offerings — mostly part-time degree and certificate programs — lingered in the shadow of the university’s internationally renowned medical and public health schools. That all changed in 2006 when the university received a $50 million gift from banker William Polk Carey, leading to the founding of the Johns Hopkins Carey Business School in 2007 and a new lofty mission to become one of the world’s leading business schools. …
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Johns Hopkins Builds a B-School from Scratch
(BusinessWeek)
AP – The calamitous oil spill in the Gulf of Mexico isn’t just a mess for the people who live or work on the coast. If you drink coffee, eat shrimp, like bananas or plan to buy a new set of tires, you could end up paying more because of the disaster
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Attention shoppers: Gulf spill could affect you
(AP)
AP – A federal law may limit how much BP has to pay for damages such as lost wages and economic suffering in the Gulf Coast oil spill, despite President Barack Obama’s assurances that taxpayers will not be on the hook.
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Federal law may limit BP liability in oil spill
(AP)
Reuters – Citing the massive oil slick in the Gulf of Mexico that threatens several U.S. states, Governor Arnold Schwarzenegger said on Monday that he no longer will support a plan to expand drilling off California’s coast.
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California governor no longer backs offshore oil plan
(Reuters)
AP – United and Continental Airlines are counting on more business travelers — not higher fares for vacationers — to make their $3 billion merger pay.
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United-Continental looking to business travelers
(AP)
Reuters – New York City’s income tax revenue rose slightly in April, a financial source said on Monday, an indication hiring could be gaining as the city fights a string of multibillion dollar budget deficits over several years.
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Rise in NYC income tax revs shows brighter economy
(Reuters)
AP – Investors sent stocks soaring Monday after getting a boost of confidence from the latest economic reports and Warren Buffett’s defense of Goldman Sachs.
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Stronger economic reports pull stocks higher
(AP)
AP – Wal-Mart Stores Inc. has agreed to pay $27.6 million to settle allegations that it improperly handled and dumped hazardous waste at stores across California in a case that led to changes in the retailer’s practices nationwide, prosecutors said Monday
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Wal-Mart to pay $27.6M in California dumping case
(AP)