Finance
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U.S. companies spend heavily on big mergers in 2014Mar 06, 2014 12:01 am - So far, 2014 is looking like the year of the big deal. Flush with cash and high stock prices, companies are buying up the competition at levels not seen since the dotcom...
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U.S. consumer spending up 0.4 percent in JanuaryMar 03, 2014 12:01 am - WASHINGTON - Americans boosted spending in January despite the harsh winter weather but activity was much weaker in December than initially reported. The Commerce Depart...
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Highlights from Warren Buffett's annual letterMar 01, 2014 12:01 am - OMAHA, Neb. - Investors eagerly await Warren Buffett's letter to Berkshire Hathaway Inc. shareholders each year for its plain-spoken insight into the billionaire's finan...
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Berkshire Hathaway profit up 10 percentMar 01, 2014 12:01 am - OMAHA, Neb. - Warren Buffett's company said Saturday that fourth-quarter earnings rose 10 percent to nearly $5 billion as its insurance, rail and energy businesses gener...
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Obama to push minimum wage this weekMar 01, 2014 12:01 am - WASHINGTON - Striving to show momentum on a top legislative priority, President Barack Obama is appearing next week with Northeastern governors who back his push to rais...
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U.S. calls on Russia to withdraw forces from UkraineMar 01, 2014 12:00 am - WASHINGTON — President Barack Obama on Saturday called on Russian President Vladimir Putin to de-escalate the tense atmosphere in Ukraine by pulling his forces back to ...
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Elk Grove CEO charged with defrauding investors of $9 millionFeb 28, 2014 12:01 am - More than 200 investors in a company with an Elk Grove Village office that claimed to make Homeland Security and food safety products lost more than $9 million through t...
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Burger chain owner aims for sizzle with Maxim buyFeb 28, 2014 12:01 am - Seeking some sizzle, the owner of the Steak 'n Shake burger chain is buying men's magazine Maxim. Alpha Media Group Inc. put Maxim up for sale a year ago. The publicatio...
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Citigroup lowers 2013 profit on Mexico fraudFeb 28, 2014 12:01 am - Citigroup reduced its 2013 earnings by $235 million on Friday, saying it was a victim of fraud committed by a Mexican oil services company to secure hundreds of millions...
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US bank earnings rise 17 pct as loan losses fallFeb 26, 2014 12:01 am - WASHINGTON - U.S. banks' earnings rose 17 percent in the October-December quarter from a year earlier, as losses on loans fell to a seven-year low and banks set aside le...