Finance
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Citigroup to cut 11,000 jobsDec 05, 2012 7:40 am - NEW YORK — Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat. The cuts amount to about 4 percent of Citi’s workforce. T...
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U.S. bank earnings up 6.6 pct., most in 6 yearsDec 04, 2012 9:32 am - WASHINGTON — U.S. banks earned more from July through September than in any other quarter over the past six years. The increase is further evidence that the industry is ...
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Many will be surprised at high cost of ‘Affordable Care’ insuranceDec 01, 2012 4:03 pm - WASHINGTON — To Megan Hildebrandt, President Barack Obama’s Affordable Care Act means she can no longer be denied health insurance because of her lymphatic cancer. There...
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Merkel acknowledges Germans’ frustration on GreeceDec 01, 2012 1:30 pm - BERLIN — Chancellor Angela Merkel said she understands the frustration felt by many Germans over the repeated bailout programs for debt-ridden Greece, but insisted they ...
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House and Senate sit on tax billsDec 01, 2012 1:27 pm - WASHINGTON — It may not sound like it from the rhetoric, but both the House and Senate already have passed separate bills to delay big tax increases awaiting nearly ever...
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The factory fire: Global commerce, local tragedyDec 01, 2012 1:26 pm - In the charred bones of the Tazreen Fashions Ltd. factory, the labels and logos — sewn and printed in scarlet and royal blue — beckon from the ashes. Even in ruins, ther...
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Report: Bank of America delays feesDec 01, 2012 1:24 pm - Associated Press NEW YORK — Bank of America is postponing an increase in monthly fees for checking accounts, according to a report in The Wall Street Journal. The paper ...
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Some in Congress don’t fear the fiscal cliffNov 30, 2012 7:55 pm - WASHINGTON — President Obama says going over the so-called fiscal cliff by missing the deadline for a deficit reduction deal by year’s end would be a “rude shock” for Am...
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Obama takes his fiscal plan on the roadNov 30, 2012 7:51 pm - HATFIELD, Pa. — President Barack Obama argued Friday that allowing taxes to rise for the middle class would amount to a “lump of coal” for Christmas, while Republican Ho...
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Indiana financier gets 50 years for swindling clientsNov 30, 2012 5:02 pm - INDIANAPOLIS — An Indiana financier and former chief executive of National Lampoon convicted of swindling investors out of about $200 million was sentenced Friday to 50 ...