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Oil advances on optimism

February 19, 2010

Crude oil advanced Wednesday, extending the previous session’s 4% gain, as investors continued their bid for riskier assets.
What prices are doing: Crude oil for March delivery rose 33 cents, or 0.4%, to settle at $77.33 a barrel Wednesday.
Oil surged 3.8% Tuesday to settle at $77.01 a barrel. Prices tracked rising stocks and were […]

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Dow gains 100 points as Greek debt fears ebb

February 16, 2010

Stocks rallied Thursday after the European Union’s promise to help debt-ridden Greece eased worries that a default might hurt global markets.
The Dow Jones industrial average (INDU) rose 106 points, or 1%. The S&P 500 index (SPX) gained 10 points, or 1.4% and the Nasdaq composite (COMP) added 29 points, or 1.4%.
Stocks slid in the […]

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Foreclosure sale postponed again for Ritz-Carlton condos, athletic club

February 12, 2010

The foreclosure sale of the Denver Ritz-Carlton hotel’s unsold condos and Forza athletic club space has been postponed again, according to City and County of Denver foreclosure records.
The sale has previously been scheduled for Oct. 1 and Nov. 12 of last year and, most recently, for Feb. 11, foreclosure records said. It’s now slated for […]

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2 area casinos do better

January 15, 2010

St. Louis-area casinos saw their business grow in 2009, but all of the gains were concentrated in two casinos.
Revenue at the region’s six casinos climbed nearly 2 percent for the year to $1.05 billion, despite a tough economy that had gamblers nationwide holding their wallets tighter. In December, casino revenue grew 1.7 percent, […]

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Storm threatens retailers’ holiday push

December 23, 2009

Retailers are counting on time-crunched shoppers to swarm stores on "Super Saturday," but a heavy winter storm threatened to strand them at home on the final weekend before Christmas.
A snowstorm blanketed the U.S. East Coast early on Saturday, with storm warnings in effect from North Carolina in the south to southern New England. […]

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Bank of England Says ‘Exposed’ Lenders Should Bolster Defenses

December 20, 2009

The Bank of England said lenders should use improved funding conditions to buffer themselves against further shocks and brace for 1 trillion pounds ($1.6 trillion) in liabilities maturing in the next five years.
“Banks remain exposed to any future deterioration in macroeconomic and market conditions, which could substantially raise the cost of funding and […]

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U.S. Michigan Consumer Sentiment Index Rose to 73.4

December 12, 2009

Confidence among U.S. consumers increased in December for the first time in three months as the pace of job cuts slowed, easing concern spending will falter.
The Reuters/University of Michigan preliminary index of consumer sentiment rose to 73.4, higher than forecast, from 67.4 in November, according to data released today. The December figure exceeds […]

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Japan May Ban Manufacturers From Hiring Temporary Employees

December 8, 2009

Japan may ban manufacturers from hiring temporary workers, Health and Labor Minister Akira Nagatsuma said, as Prime Minister Yukio Hatoyama seeks to fulfill a campaign pledge to shift more employment to full time.
The government is preparing legislation “that will stop manufacturing firms from employing temps and encourage them to hire full-timers,” Nagatsuma said […]

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TWC launches educational component

December 5, 2009

Time Warner Cable is shifting its charitable focus to kids and technology.
The company this week launched Connect a Million Minds (CAMM), a new education and awareness initiative designed to help address the country’s continuing decline in the areas of science, technology, engineering and math (STEM).
Aimed at inspiring a new generation of problem solvers, the company […]

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Economic rebound not as strong

November 27, 2009

Economic growth was weaker in the third quarter than originally reported, according to government data released Tuesday.
The gross domestic product, the broadest measure of the nation’s economic activity, rose at an annual rate of 2.8% in the three months ending in September, according to the Commerce Department’s first revision of the reading. The initial […]

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