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China’s imports shrink in sign downturn worsening

September 11, 2012 • BusinessComments Off

Workers load goods on a truck near a wholesale market for fashion clothing in Beijing Monday, Sept. 10, 2012. China’s imports shrank unexpectedly in August in a sign its economic slump is worsening and the Chinese president warned growth could slow further, prompting expectations of possible new stimulus spending. (AP Photo/Andy Wong) BEIJING (AP) —...

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APNewsBreak: Tribe’s bid accepted for SD land

September 11, 2012 • BusinessComments Off

FILE – This 2007 file photo provided by South Dakota Magazine shows Reynolds Prairie in the Black Hills of South Dakota. A Native American tribe said Monday, Sept. 10, 2012 it has reached a deal to buy land it considers sacred in South Dakota’s...

Amtrak funding in crosshairs in presidential race

September 11, 2012 • BusinessComments Off

FILE – In this March 13, 2009 file photo, Vice President Joe Biden announces funding for Amtrak, at Union Station in Washington. Warning to Amtrak from Mitt Romney and Republicans: You’re on your own. The platform Republicans adopted at their...

Revel tops $20M mark in August; AC up 12.6 percent

September 11, 2012 • BusinessComments Off

In this Aug. 23, 2012 photo, dealers run a craps game at Resorts Casino Hotel in Atlantic City N.J. Atlantic City’s 12 casinos collectively won nearly $314 million in August, an increase of 12.6 percent from a year ago, when a hurricane forced casinos...

Congress returns for short pre-election session

September 11, 2012 • BusinessComments Off

FILE – In this Nov. 19, 2011 fie photo the U.S. Capitol building is seen in Washington. Fresh off a five-week vacation, lawmakers return to Washington on Monday, Sept. 10, 2012, for a brief pre-election session in which Congress will do what it often...

Silicon Valley isn’t sharing Facebook’s misery

September 11, 2012 • BusinessComments Off

This May 11, 2012, photo shows a sign is shown at the Facebook campus in Menlo Park, Calif. Silicon Valley, it turns out, doesn’t revolve around the stock prices of Facebook and its playful sidekick, Zynga. Instead, the optimism in Silicon Valley can be...

US consumers cut credit card use for 2nd month

September 11, 2012 • BusinessComments Off

In this July 16, 2012 photo, credit logos are seen as a consumer withdrawals money from an ATM in Atlanta. Americans cut back on borrowing in July for the first time in nearly a year. Credit card use fell for the second straight month, suggesting many...

Treasury to cut AIG stake below half in $18B sale

September 10, 2012 • BusinessComments Off

FILE – In this Friday, Aug. 3, 2012 file photo, Specialist Donald Himpele, foreground second left, resumes trading in AIG stock on the floor of the New York Stock Exchange. The U.S. government is selling more of its shares in insurer American...

Egypt vows structural reforms, meets US executives

September 10, 2012 • BusinessComments Off

Egyptian President Mohammed Morsi, center, waves to worshippers ash he arrives for Friday prayers at Sayyeda Zainab mosque in Cairo, Egypt, Friday, Sept. 7, 2012. (AP Photo/Ahmed Ali) CAIRO (AP) — Egypt’s Islamist leader vowed to carry out tough...

Early laptop designer Moggridge dies at 69

September 10, 2012 • BusinessComments Off

FILE – In this Tuesday, Sept. 13, 2011 file photo, Bill Moggridge, the director of the Smithsonian’s Cooper-Hewitt, National Design Museum, stands at right as first lady Michelle Obama speaks in the East Room of the White House in Washington...