Stocks Close Higher On Economic News
(New York, NY) -- Stock indexes closed up slightly Wednesday after a Federal Reserve report said the economy grew at a slower rate this summer. Investor fears also eased over the health of European banks, sending the Dow up 47 points to close at 10-387 ...Read More
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SEC Probe Into Market "Flash Crash" Finds No Single Cause
(Washington, DC) -- Regulators still can't point to any single cause for last May's sudden stock market crash. Sources familiar with the probe say the Securities and Exchange Commission is still asking about a possible smoking gun that might explain the Dow's 700-point plunge on May 6th ...Read More
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Obama Proposes Business Tax Breaks
(Parma, OH) -- President Obama is proposing tens of billions of dollars in business tax breaks. In a campaign-style rally near Cleveland, Ohio, Obama said the plan will help spur job growth. Earlier this week, the President unveiled a 50-billion-dollar jobs plan to improve the nation's crumbling infrastructure ...Read More
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VIDEO: GOP's Boehner Calls For Two-Year Tax Rate Freeze
(Washington, DC) -- House Republican leader John Boehner of Ohio wants to see a two-year freeze on all current U.S. tax rates. That includes the Bush-era tax cuts for the wealthy which are due to end at the end of this year ...Read & Watch More
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Orszag Urges Tax Cuts For All
(Washington, DC) -- Former Budget Director Peter Orszag is breaking ranks with his one-time boss President Obama on the subject of tax cuts. Writing in the "New York Times," Orszag recommends extending tax cuts for two years to all Americans and then ending them completely, including for the middle-class ...Read More
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"Google Instant" Delivers Real-Time Search Results
(San Francisco, CA) -- Google on Wednesday unveiled Google Instant, which company Vice President Marissa Mayer touted as a quantum leap in search speed. Google Instant provides real time search results beginning with the very first keystroke ...Read & Hear More
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VIDEO: Hewlett-Packard Sues Former CEO Hurd Over Oracle Gig
(San Francisco, CA) -- Hewlett-Packard is suing former CEO Mark Hurd over his new gig at Oracle. The H-P lawsuit accuses Hurd of knowingly violating his separation and confidentiality agreement. Hurd resigned last month following allegations about his relationship with a former Hewlett-Packard contract employee and expense reports ...Read & Watch More
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Cisco, Westcon Agree To $48-Million Settlement For Phony Pricing
(Washington, DC) -- High-tech giant Cisco Systems and another company will pay the federal government 48-million dollars to settle a whisteblower lawsuit. The Justice Department announced the deal Tuesday to resolve allegations the two companies had lied in contract bids ...Read More
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California Seeks Up To Ten-Billion Dollars Against Huge Insurance Company
(San Francisco, CA) -- The state of California is seeking up to ten billion dollars in fines against a huge insurance company. State Department of Insurance regulators accuse PacifiCare of nearly one-million state law violations between 2006 and 2008 ...Read More
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4th Quarter Hiring Outlook Takes A Dip
(New York, NY) -- A newly-released Manpower survey shows hiring in the U.S. during the fourth quarter could slow down slightly. Overall, the survey showed global employers are showing caution about hiring ...Read More
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Study Says Malpractice Costs Less Than Imagined
(Undated) -- Costs connected to medical malpractice add less than three-percent to U.S. healthcare costs. That's the bottom line from a study published in the September issue of "Health Affairs." The total is much less than was proffered by many during the recent healthcare reform debate ...Read More
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Many Costly ER Visits Unnecessary
(Undated) -- New information shows many visits to the emergency room are not necessary and rack up billions of dollars a year in health care costs. Researchers found around 17-percent of all ER visits could be treated at medical clinics and urgent care centers ...Read More
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