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Argentina drops train operator after deadly crash

May 25, 2012 • BusinessComments Off

FILE – In this Feb. 22, 2012 file photo, firemen rescue wounded passengers from a commuter train after a collision in Buenos Aires, Argentina. Argentina’s government is revoking the concession of the company whose commuter train ran crashed in Buenos Aires in February, killing as many as 51 people and injuring hundreds. Planning Minister Julio...

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Facebook launches iPhone camera app

May 25, 2012 • BusinessComments Off

an undated image provided by Facebook shows Facebook’s new camera app, unveiled Thursday, May 24, 2012. The app, made for the iPhone, can be downloaded from Apple’s App Store. It works like most other camera applications for smart phones. To take...

Broadcasters sue Dish over ad-skipping DVR service

May 25, 2012 • BusinessComments Off

This image provided by Dish Network shows a screen message of the AutoHop feature, that allows customers to skip over commercials. Broadcasters Fox, NBC and CBS sued Dish Network Corp. on Thursday May 24, 2012, over the service. Dish, the nation’s...

Nearly 21M viewers for ‘Idol’ finale a new low

May 25, 2012 • BusinessComments Off

Finalists Jessica Sanchez, left, and Phillip Phillips, center, listen as host Ryan Seacrest announces the winner onstage at the “American Idol” finale on Wednesday, May 23, 2012 in Los Angeles. (Photo by John Shearer/Invision/AP) NEW YORK (AP) —...

A smoke-free country? New Zealand taxes aim for it

May 25, 2012 • BusinessComments Off

In this Jan. 18, 2012 photo, a smoker puffs on a cigarette in the central business district in Auckland, New Zealand. New Zealand’s government on Thursday, May 24, 2012, squeezed smokers more than ever by announcing a 40 percent hike in tobacco taxes...

Vatican bank chief ousted in no-confidence vote

May 25, 2012 • BusinessComments Off

** FILE ** In this Dec. 21, 2011, file photo, Ettore Gotti Tedeschi, head of the Vatican bank I.O.R., leaves after greeting Pope Benedict XVI at the end of a weekly general audience at the Vatican. Gotti Tedeschi was ousted after a no-confidence vote of the...

Senate rejects GOP, Dem plans on student loans

May 25, 2012 • BusinessComments Off

FILE – In this April 24, 2012 file photo, President Barack Obama pauses as he speaks at the University of North Carolina at Chapel Hill. The Senate has rejected Democratic and Republican plans for averting a doubling of interest rates on federal college...

Mutual fund news: Facebook, Bill Gross, Vanguard

May 25, 2012 • BusinessComments Off

FILE – This undated file photo provided by the Pacific Investment Management Co., shows Bill Gross, manager of the PIMCO Total Return Fund. Gross is a three-time winner of Morningstar’s bond fund manager of the year title, in addition to honors...

Rio issues land titles to slum residents

May 24, 2012 • BusinessComments Off

Ipanema beach, top, is seen from the Vidigal shantytown in Rio de Janeiro, Brazil, Tuesday, May 22, 2012. Local officials and human rights groups are working to give legal title to tens of thousands of residents of shantytowns, a process that increases their...

HP to cut 27,000 jobs to save up to $3.5B annually

May 24, 2012 • BusinessComments Off

FILE – In this March 9, 2012 file photo, Hewlett Packard CEO and President Meg Whitman speaks at a conference on the Stanford University campus in Palo Alto, Calif. Hewlett-Packard said Wednesday, May 23, 2012 that it’s laying off 27,000 workers,...