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Euro structure is ‘unsustainable,’ ECB chief warns

June 1, 2012 • BusinessComments Off

President of the European Central Bank Mario Draghi reports to the Economic Committee, in capacity as the head of the European Systemic Risk Board, at the European Parliament in Brussels, Thursday, May 31, 2012. (AP Photo/Yves Logghe) FRANKFURT, Germany (AP) — The head of the European Central Bank warned Thursday that the euro currency union [&hellip...

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Spain bank fears send bond yields to euro-era high

May 31, 2012 • BusinessComments Off

A passenger walk among rubbish and paper during a strike by the cleaning staff against budget cuts at Barcelona’s airport in Barcelona, Spain, Wednesday, May 30, 2012. (AP Photo/Manu Fernandez) MADRID (AP) — Investors worried about the viability of...

Sales contracts for US homes dropped in April

May 31, 2012 • BusinessComments Off

In this Saturday, March 17, 2012, photo, an unidentified woman passes by a pending sale sign outside home on the market in south Denver. A gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month....

Oil headed for biggest monthly drop since 2008

May 31, 2012 • BusinessComments Off

FILE- In this Tuesday, March 22, 2012 file photo, a pump jack is silhouetted against the setting sun in Oklahoma City. Oil is headed for its worst month since December 2008. A financial crisis in Europe and slowing growth in China and the U.S. likely mean...

9/11 first responders and recovery workers honored

May 31, 2012 • BusinessComments Off

Retired FDNY Lt. Jerry Collins and his wife Suzanne Collins pause at the 9/11 Memorial, Wednesday, May 30, 2012, in New York. Recovery workers and first responders were invited to the memorial to be honored on the 10-year anniversary of the conclusion of...

FDA rejects new name for high fructose corn syrup

May 31, 2012 • BusinessComments Off

FILE – In this Sept. 15, 2011 file photo, soda is poured from a can in Philadelphia. The Food and Drug Administration on Wednesday, May 30, 2012 rejected the Corn Refiners Association’s bid to rename its sweetening agent “corn sugar.”...

Obama’s health care aid to small firms disappoints

May 31, 2012 • BusinessComments Off

FILE – In this Sept. 20, 2008 file photo, then-Republican Rep. candidate Sam Graves talks to a voter in Kearney, Mo. A health insurance tax credit for small businesses is one part of President Barack Obama’s health care law that gets strong support in...

Ex-Cameron aide arrested, charged with perjury

May 31, 2012 • BusinessComments Off

FILE – This is a Thursday, May 10, 2012 file photo of Andy Coulson, the former editor of the News of the World newspaper and former director of communications for Britain’s Prime Minister David Cameron as he arrives to appear at the Leveson...

Bill protects businesses from disability act suits

May 30, 2012 • BusinessComments Off

State Sen. Bob Dutton, R-Rancho Cucamonga, looks over papers after the Senate passed his bill aimed at protecting small businesses from abusive lawyers suing over violations of the Americans with Disability Act, in Sacramento, Calif., Tuesday, May 29, 2012....

Senate OKs bill to reduce reliance on pupil tests

May 30, 2012 • BusinessComments Off

State Senate President Pro Tem Darrell Steinberg, D-Sacramento, smiles as he talks with Sen. Elaine Alquist, D-Santa Clara, after his school testing bill was approved by the Senate in Sacramento, Calif., Tuesday, May 29, 2012. The bill, SB1458, which makes...