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House members' VIP loans excluded from subpoena

August 16, 2012 • BusinessComments Off

FILE – In this July 8, 2009 file photo, Rep. Edolphus Towns, D-N.Y. speaks during a committee hearing on Capitol Hill, in Washington. Towns, a former Democratic committee chairman overrode his own subpoena three years ago in an investigation of former subprime lender Countrywide, making it unlikely that House members and staff who received discounted...

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50 Shades of Grey marketing phenom goes mainstream

August 16, 2012 • BusinessComments Off

This Wednesday, Aug. 8 2012 photo shows Diana Hunter, left, handing out free vibrators by Trojan to Simon Reed, center, during a promotional giveaway in New York. While Trojan has been selling vibrators since 2009, first-quarter sales this year, around the...

Target raises profit outlook on solid 2Q sales

August 16, 2012 • BusinessComments Off

In this July 28, 2012 photo, shopping carts sit parked outside a Target store in Marlborough, Mass. Target is reporting that net income for the second quarter was unchanged, as the retailer gets ready for its upcoming move into Canada. But the retailer saw...

Stocks mostly higher on signs of economic growth

August 16, 2012 • BusinessComments Off

FILE – In a March 21, 2012 file photo, Specialist Paul Cosentino, right, directs trading on the floor of the New York Stock Exchange. Stocks closed mostly lower Tuesday Aug. 14, 2012, after trading slightly higher for much of the day. (AP Photo/Richard...

Deere earnings hit by slowing economic growth

August 16, 2012 • BusinessComments Off

In this April 2, 2012 photo, Derek Long uses a John Deere tractor to disk and cultivate a field in preparation for planting corn in Loami, Ill. A slowing global economy and the effects of a prolonged U.S. drought caught up to Deere & Co. in its fiscal...

Asia stock markets retreat on confusing US data

August 15, 2012 • BusinessComments Off

A woman walks past a screen showing the China Composite Stock Price Index at a brokerage house in Shenyang in northeast China’s Liaoning province Monday, Aug. 13, 2012. World stock markets fell Monday after a slowdown in Japan’s growth gave...

Bloomberg wants election debate on immigration

August 15, 2012 • BusinessComments Off

Former White House Chief of Staff William Daley, left, and New York City Mayor Michael Bloomberg take part in a discussion economics and politics of immigration during a meeting of The Chicago Economic Club Tuesday, Aug. 14, 2012, in Chicago. (AP Photo/M....

US Coast Guard transfers fish piracy case to China

August 15, 2012 • BusinessComments Off

In this photo taken Saturday Aug. 11, 2012 and released by the U.S. Coast Guard, members of the Coast Guard and China Fishery Law Enforcement Command review the records on board the suspected high seas drift net fishing vessel Da Cheng in the North Pacific...

NY Times Co. hires BBC chief as next CEO

August 15, 2012 • BusinessComments Off

FILE – In this April 12, 2007 file photo, British Broadcasting Corporation Director-General Mark Thompson pauses during a news conference calling for the release of kidnapped BBC journalist Alan Johnston, in the West Bank city of Ramallah. The New York...

Job cuts to cost Motorola tax credits in Illinois

August 15, 2012 • BusinessComments Off

FILE – In this May 6, 2011 file photo, Illinois Gov. Pat Quinn announces to Motorola employees that the Motorola Mobility Inc. corporate headquarters will stay in Libertyville, Ill. Google Inc. on Monday, Aug. 13, 2012 announced plans to cut 4,000 jobs...