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Shell Oil ship mishap in Alaska fuels concerns

July 17, 2012 • BusinessComments Off

In this Saturday, July 14, 2012 photo provided by Capt. Kristjan B. Laxfoss, a Shell drilling ship drifts near shore near Dutch Harbor on Unalaska Island, Alaska. The Coast Guard says an inspection of the Shell drilling ship that lost its mooring and drifted toward shore of an Alaska Island shows no signs of damage [&hellip...

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US economy appears weaker as retail sales slump

July 17, 2012 • BusinessComments Off

In this Tuesday, June 19, 2012, photo, a shopper is seen through a window on display at a Lowe’s store in Atlanta. Americans cut their spending at retail businesses for a third straight month, as a weak job market made consumers more cautious. Retail...

Stocks close lower after consumer spending slides

July 17, 2012 • BusinessComments Off

FILE- In a July 13, 2012, file photo, traders work as the New York Stock Exchange nears closing. JPMorgan Chase blew away a cloud of concern hanging over the banking industry Friday and set off a rally in stocks. (AP Photo/Bebeto Matthews) NEW YORK (AP) —...

Microsoft, NBC dissolve MSNBC.com joint venture

July 16, 2012 • BusinessComments Off

FILE – In this Dec. 14, 1995, file photo, Robert Wright, president and chief executive officer of NBC, speaks in New York with Microsoft Chairman Bill Gates, displayed on screen, speaks from Hong Kong, during a news conference announcing that NBC and...

Coast Guard: Check shows no damage to Shell ship

July 16, 2012 • BusinessComments Off

In this Saturday, July 14, 2012 photo provided by Capt. Kristjan B. Laxfoss, a Shell drilling ship drifts near shore near Dutch Harbor on Unalaska Island, Alaska. The Coast Guard says an inspection of the Shell drilling ship that lost its mooring and drifted...

US plane makers teaming with Chinese firms

July 16, 2012 • BusinessComments Off

FILE – In this January 2011 file photo, employees build a Beechcraft King Air at the Hawker Beechcraft plant in Wichita, Kan. The struggling aircraft maker announced Monday, July 10, 2012 that it had reached a $1.79 billion “exclusivity...

UAE starts up pipeline to bypass Strait of Hormuz

July 16, 2012 • BusinessComments Off

FILE – In this Wednesday, May 30, 2012 file photo, a ship docks at the refueling station in Fujairah, United Arab Emirates. The United Arab Emirates on Sunday inaugurated a much-anticipated overland oil pipeline that bypasses the Strait of Hormuz,...

In Calif., more Latinos among strawberry growers.

July 16, 2012 • BusinessComments Off

In this photo taken July 9, 2012, Rogelio Ponce Sr., center, and his two sons, Rogelio Ponce Jr., left, and Steven Ponce, right, pose for a photo on Monday, July 9, 2012 at the family’s ranch in Watsonville, Calif., where the Ponces grow nearly 200 acres of...

Unrelenting Obama jabs at Romney's job record

July 15, 2012 • BusinessComments Off

Republican presidential candidate, former Massachusetts Gov. Mitt Romney, right, laptop in hand, talks with his son Josh by Lake Winnipesaukee at his home in Wolfeboro, N.H., Saturday, July 14, 2012. (AP Photo/Evan Vucci) CLIFTON, Va. (AP) — An unrelenting...

How Penn State can repair its image

July 15, 2012 • BusinessComments Off

The statue of former Penn State University head football coach Joe Paterno stands outside Beaver Stadium in State College, Pa., Friday, July 13, 2012. After an eight-month inquiry, former FBI director Louis Freeh’s firm produced a 267-page report that...