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As Ukraine truce holds, Russia vows economic pain

December 16, 2014 • BusinessComments Off

Workers decorate a New Year tree, in front of the St. Sophia Cathedral in central Kiev, Ukraine, Monday, Dec. 15, 2014. New Year is widely celebrated as the most popular holiday in Ukraine with the Orhodox Christmas being celebrated on Jan. 7. (AP Photo/Sergei Chuzavkov) KIEV, Ukraine (AP) — Fighting in eastern Ukraine between government [&hellip...

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Russia raises key rate to protect ailing economy

December 16, 2014 • BusinessComments Off

FILE – In this Friday, Dec. 12, 2014, file photo, teople walk past a sign advertising currency exchange rates in Moscow, Russia. The Bank of Russia has raised its key interest rate to 17 percent from 10.5 percent in a desperate move to boost its...

Why oil is down by half, what it means for you

December 16, 2014 • BusinessComments Off

FILE – In this Oct. 30, 2014 file photo, motorist Jerry Reed fills up his tank at a gas station in Atlanta. The price of oil has fallen by nearly half in just six months, a surprising and steep plunge that has consumers cheering, producers howling and...

Sony threatens to sue for publishing stolen emails

December 16, 2014 • BusinessComments Off

FILE – In this Oct. 10, 2014 file photo, attorney David Boies is seen in Washington. Lawyers representing Sony Pictures Entertainment are threatening news organizations not to publish details of company files leaked by hackers in recent days, following...

Navajos buy back artifacts at disputed auction

December 16, 2014 • BusinessComments Off

Native American, from the Kichwa Guarani tribe, named Jackson, holds a banner reading “We are not for sale” outside of the Drouot’s auction house in protest at the auction of Native American Navajo tribe masks in Paris, Monday Dec. 15, 2014....

Power outages drop to under 900 in Vermont

December 15, 2014 • BusinessComments Off

Green Mountain Power cuts limbs overhanging powerline in Waterbury, Vt., on Thursday, Dec. 11, 2014. Tens of thousands of electric customers across Vermont were left in the dark in the aftermath of two-days of heavy, wet snow. GMP says it’s the greatest...

Bank of Japan business survey shows tepid outlook

December 15, 2014 • BusinessComments Off

In this Nov. 19, 2014 photo, a man walks by the Bank of Japan headquarters in Tokyo. Japanese businesses are cautious over prospects for a recovery, according to a quarterly central bank survey released Monday, Dec. 15, 2014 that showed a mixed outlook for...

At UN climate talks, a crack in rich-poor barrier

December 15, 2014 • BusinessComments Off

Activists perform as heads of state, from left, President Barack Obama, Australia’s Prime Minister Tony Abbott, Canada’s Prime Minister Stephen Harper, China’s President Xi Jinping, India’s Narendra Modi, Russia’s President...

Senate cancels vote on Obama Social Security pick

December 15, 2014 • BusinessComments Off

Social Security Administration’s acting commissioner Carolyn Colvin speaks during an interview in Washington, Thursday, Dec. 4, 2014. Colvin, President Barack Obama’s pick to head the Social Security Administration could be stalled over the...

People finding their ‘waze’ to once-hidden streets

December 15, 2014 • BusinessComments Off

In t Thursday, Dec. 4, 2014 photo resident Paula Hamilton stands on a street outside her house in the Sherman Oaks section of Los Angeles. “The traffic is unbearable now. You can’t even walk your dog,” said Hamilton, who lives on a once...