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Yahoo, Facebook strike patent truce, ad alliance

July 7, 2012 • BusinessComments Off

FILE – In this May 20, 2012 file photo, a Yahoo sign stands outside the company’s offices in Santa Clara, Calif. A report in the tech blog AllThingsD says Facebook and Yahoo have reached a deal that settles their patent squabbles and expands their licensing and advertising partnership, according to reports, Friday, July 6, 2012. [&hellip...

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US economy adds 80,000 jobs in another weak month

July 7, 2012 • BusinessComments Off

FILE- In this Tuesday, June 26, 2012, file photo, Tressa Miller, right, helps military veteran Roger Porter, of Detroit, with resume career counseling in Detroit. U.S. employers added only 80,000 jobs in June, a third straight month of weak hiring that shows...

Eyman initiative aims to limit tax hikes in Wash.

July 7, 2012 • BusinessComments Off

Initiative promoter Tim Eyman, right, and his partner, Jack Fagan, arrive at the state Elections Division office to turn in more than 318,000 signatures for an initiative to reinforce a rule that makes it more difficult for lawmakers to raise taxes, on...

Fire erupts at Pa. arena, site of 100-point game

July 6, 2012 • BusinessComments Off

Fire shoots out of the roof of the Hershey Park Arena as fire crews battle a five-alarm blaze Thursday, July 5, 2012. Hershey spokesman Jim Shellenberger says workers were putting a new roof on the domed building, but it’s unclear if the work had...

US hiring outlook improves, but economy still weak

July 6, 2012 • BusinessComments Off

In this June 13, 2012 file photo, Jose Canales, left, talks to a recruiter as he is accompanied by his wife, Magdel, and daughter Alexamarie at a job fair expo in Anaheim, Calif. A private survey released Thursday, July 5, 2012, shows U.S. businesses...

Weak retail sales figures push stocks lower

July 6, 2012 • BusinessComments Off

FILE – In this July 3, 2012 file photo, a trader studies his screen as he works on the floor of the New York Stock Exchange. U.S. stock futures fluctuated in volatile trading Thursday, July 5, 2012, as banks in China and Europe took action to bolster...

Con Edison and union return to talks in NYC

July 6, 2012 • BusinessComments Off

Locked-out workers demonstrate outside Consolidated Edison headquarters, in New York, Thursday, July 5, 2012. Consolidated Edison and the union representing its employees are returning to the bargaining table. Talks were scheduled to resume Thursday...

After weak June, retailers to sweat out summer

July 6, 2012 • BusinessComments Off

Shoppers take advantage of discounts at a Target store on Thursday, July 5, 2012, in Chicago. Shoppers, worried about jobs and the overall economy, pulled back on spending in June, resulting in tepid sales for many retailers. (AP Photo/M. Spencer Green) NEW...

Walgreen plans new acquisition, June sales fall

July 6, 2012 • BusinessComments Off

People walk from a USA Drug store in North Little Rock, Ark., Thursday, July 5, 2012. Walgreen Co., said Thursday it will spend about $438 million to buy a 144-store chain focused on the mid-South based in Little Rock, Ark. Stores in the chain include USA...

GlaxoSmithKline pleads guilty to health fraud

July 6, 2012 • BusinessComments Off

FILE – In this June 30, 2010 file photo, a pharmacist holds a bottle of the drug Avandia at Maximart Pharmacy in Palo Alto, Calif. GlaxoSmithKline on Thursday, July 5, 2012, in U.S. District Court in Boston pleaded guilty to failing to report to the...