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4 hr. 21 min. ago
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USA > Economics and Finance
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VW plans to be No. 1 car seller in the world by 2018
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By James R Healey, USA TODAY Is Volkswagen out of its mind? The world's third-biggest car company, revving up a plan to become the very biggest on the planet, will tell you absolutely not Bases covered But consider: VW wants to be the world's biggest by 2018, knocking off Toyota Motor and General Motors, both of which have acknowledged that their supersize...
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4 hr. 51 min. ago
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USA > Economics and Finance
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HP outlasts Dell in bidding war for 3Par, but did it overpay?
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Staff and wire reports Dell is walking away from a bidding contest with rival Hewlett-Packard for data-storage maker 3Par Dell said Thursday it won't match HP's offer to pay $33 per share for 3Par, or about $207 billion Dell's decision came barely an hour after 3Par announced it had received Dell's revised offer of $32 per share and then the even stronger...
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02 September, 2010 22:51
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USA > Economics and Finance
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Labor Day holiday travel should be up from last year
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By Larry Copeland and Paul Overberg, USA TODAY Americans will take to the roads and skies for the Labor Day holiday in greater numbers than a year ago, thanks to low gas prices and pent-up demand for air travel, experts say Uncertainty over the path of Hurricane Earl, which is bearing down on the East Coast of the USA, could dampen travel along the...
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02 September, 2010 22:43
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USA > Economics and Finance
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Workers bear larger share of health care premium costs
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By Tom Murphy, Associated Press INDIANAPOLIS — Workers are paying a larger portion of their health insurance costs as businesses shift more of the burden to their employees to help ride out the economic downturn, an annual study shows The average employee contribution toward premiums for family coverage climbed 14% this year to nearly $4,000, according...
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02 September, 2010 19:18
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USA > Economics and Finance
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Tips for getting homeowners insurance
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When your annual renewal statement lands in your mailbox, check InsWebcom and NetQuotecom to see if you can snag a better deal elsewhere Consider moving your auto policy too; bundling home and auto coverage with the same insurer can cut your total premiums by 5% to 15% 2 You may have too much coverageIt's common for policies to contain inflation-protection...
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02 September, 2010 17:29
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USA > Economics and Finance
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Bernanke: Shut down banks if they threaten system
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By Marcy Gordon, AP Business Writer WASHINGTON — Federal Reserve Chairman Ben Bernanke told a panel investigating the financial crisis that regulators must be ready to shutter the largest institutions if they threaten to bring down the financial system "If the crisis has a single lesson, it is that the too-big-to-fail problem must be solved," Bernanke...
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02 September, 2010 16:08
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USA > Economics and Finance
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Second act: From software to wind energy
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Having grown tired of the work he was doing, he began attending seminars on sustainable energy Soon after, he founded WindCurrent to broker deals between wind-power generators and companies seeking to reduce their carbon footprint Landing his first big customer -- the World Bank -- took two years, but after that the business grew quickly Today Maguire...
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02 September, 2010 15:02
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USA > Economics and Finance
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Family insurance costs skyrocket 14%
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Employees are paying about $4,000 to buy family insurance in 2010, $482 more than they did last year, the Kaiser Family Foundation said Thursday Companies still pay the bulk -- nearly $9,800 for a family of four -- but that was down a little from 2009 The Kaiser survey was conducted between January and May 2010 and polled more than 3,000 employers nationwideOver...
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02 September, 2010 14:57
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USA > Economics and Finance
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Pending home sales rise 5.2% in July
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By Alan Zibel, AP Real Estate Writer WASHINGTON — The number of buyers who signed contracts to purchase previously occupied homes increased in July but remained well below last year's levels The National Association of Realtors said Thursday its seasonally adjusted index rose 52% from a month earlier to a reading of 794 Economists surveyed by Thomson...
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02 September, 2010 14:41
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USA > Economics and Finance
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Back-to-school checklist: Whiter teeth & tattoos
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The survey tracks parents' school-related spending intentionsHaircuts led the list of services that mom and dad are treating junior to before the first day of school But they are also willing to indulge their kids with a few extrasAccording to the report, 18% of parents intended to buy teeth whitening servicesAnd 9% of parents were willing to pay for...
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02 September, 2010 14:10
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USA > Economics and Finance
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Harrisburg, Penn., defaulting on its bonds
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"The city's budget is in deficit," said Chuck Ardo, spokesman for Harrisburg Mayor Linda Thompson "We're looking for ways to trim the budget just to keep services going""Now the chickens have come home to roost," the mayor said in a statement released WednesdayIn May, Moody's knocked the rating on its general-obligation...
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02 September, 2010 13:28
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USA > Economics and Finance
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Discounts spur surprising retail sales gains
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By Anne D'Innocenzio, AP Retail Writer NEW YORK — Many US retailers are reporting surprisingly solid gains for August, helped by aggressive discounting, even as unusually hot weather and job worries kept a lid on back-to-school buying The results are providing a sliver of hope for the economic recovery, but worries still remain about the critical...
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02 September, 2010 12:55
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USA > Economics and Finance
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Good grades for back to school sales
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Sales tracker Thomson Reuters, which tracks same-store sales for a group of 28 national chains, expects the group to log a 25% gain for the month versus a decline of 29% for the same month a year ago 20 of the 28 retailers in the index have already reported their results Thursday and 65% beat analysts' estimates while 35% missed This means that the...
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02 September, 2010 12:44
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USA > Economics and Finance
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Jobless claims slide for second straight week
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Economists surveyed by Briefingcom were expecting 475,000 new claims The government said 4456 million people continued to file unemployment claims for their second week or more, during the week ended Aug 21, the most recent data available That's down 23,000 from an upwardly revised 4479 million the week before Continuing claims reflect people who file...
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02 September, 2010 10:53
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USA > Economics and Finance
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Americans in the dark about energy use
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Example: Most people knew that a laptop computer uses less energy than a desktop But few knew the lap used one-third the amount Nearly 20% said that turning off the lights was the biggest thing they could do to save energy In reality, turning off the lights saves just a small amount of energy compared to things like insulating your house or buying more...
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02 September, 2010 10:34
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USA > Economics and Finance
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Strongest jobs recovery in decades. Seriously
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But the unemployment problem isn't going away An especially tough recession has raised the bar on the amount of job growth needed to recover, magnifying the pain of the struggling labor market"If you had a severe recession, you tend to have a strong recovery," said Robert Brusca of FAO Economics "So far that hasn't happened"The unemployment...
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02 September, 2010 10:12
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USA > Economics and Finance
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4 tips for caring for mom and dad
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That's to say nothing of the financial stresses involved: Long-distance caregivers spend an average of $8,700 a year providing support to their loved ones, the NAC survey found -- nearly twice as much as those who live closer Travel accounts for most of the extra burden, but there are also expenses involved with hiring people and services in your stead...
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02 September, 2010 01:40
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USA > Economics and Finance
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Cincinnati layoffs loom as Delta cuts regional jet fleet
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By Dan Reed, USA TODAY Delta Air Lines plans to park half of the regional jets in the fleet of its Comair subsidiary over the next two years and cut its number of employees at its Cincinnati hub Comair currently operates about 99 regional jets It plans to retire all but 16 of its 69 jets with 50 seats It will continue to operate 15 70-seaters and 13...
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02 September, 2010 01:08
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USA > Economics and Finance
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Could investors fleeing stocks become a lost generation?
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By Adam Shell, USA TODAY NEW YORK — There are no visible picket signs on Wall Street The US stock market— the world's biggest when measured by the market value of the companies that trade here — still opens for business every trading day And the 6 o'clock news still lets everyone know if the Dow finishes the day up or down Yet, increasingly,...
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02 September, 2010 00:59
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USA > Economics and Finance
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Young, single childless women out-earn male counterparts
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By Paul Wiseman, USA TODAY Single, childless women in their twenties are finding success in the city: They're out-earning their male counterparts in the USA's biggest metropolitan areas Women ages 22 to 30 with no husband and no kids earn a median $27,000 a year, 8% more than comparable men in the top 366 metropolitan areas, according to 2008 US Census...
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