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Business News

Location American Business News for 26 December 2012
Top Ammo Supplier Sells 3 1/2 Years Worth Of Assault Rifle Magazines In 72 Hours Firearm accessories supplier Brownells says that it's experiencing "unprecedented" sales of magazines. Brownells has sold 3 1/2 years worth of PMAG magazines in just 72 hours, according to a statement posted from the ...
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The Tidal Wave Of Childhood Obesity May Finally Be Receding About one in three children in the U.S. are now overweight, and since the 1980s the number of children who are obese has more than tripled. But a new study of 26.7 million young children from low-income families sh...
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Notable Two Hundred Day Moving Average Cross - HOTT In trading on Wednesday, shares of Hot Topic Inc. (NASD: HOTT) crossed below their 200 day moving average of $9.57, changing hands as low as $9.40 per share. Hot Topic Inc. shares are currently trading off about 5.9% on ...
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A Man Paid $70,000 To Store A Corvette He Stole 23 Years Ago, Then Confessed In 1989, a brand new Chevrolet Corvette was stolen from a dealership in San Diego. Over two decades later, the thief came clean. He recently reported his crime to the police because storing the car simply got too expensi...
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World Startup Report: One man’s quest to document startup culture around the world Editor's Pick After selling his company to LinkedIn and quitting two years later, one startup entreprenuer is going to map the startup world, finding the best places to start a company.
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The U.S. Treasury Department will begin taking steps this week to delay hitting the government's $16.4 trillion borrowing limit.
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US Treasury to take steps to avoid borrowing limit

News Observer - 26 Dec 2012 23:25
US Treasury to take steps to avoid borrowing limit The U.S. Treasury Department will begin taking steps to delay hitting the government's $16.4 trillion borrowing limit on Dec. 31. Click to Continue »
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Meet Lior Ron, The Guy In Charge Of Google's Big Attempt To Kill Samsung And Apple With An 'X Phone' (GOOG, AAPL, NOK, MSFT) Google's $12.5 billion acquisition of Motorola wasn't just for patents. It wants to make a phone that can compete with the iPhone and Samsung's successful line of Galaxy phones. To make those phones, it chose Lior Ron to...
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The 12 Most Obvious Science Findings Of 2012

Business Insider - 26 Dec 2012 23:36
The 12 Most Obvious Science Findings Of 2012 For scientists, an answer to a question, or solution to a problem, is not true until proven so. And sometimes that means revealing what mere mortals already knew, like, say the fact that getting to the hospital quicker c...
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Toyota Reaches Historic Settlement

The Huffington Post - 26 Dec 2012 23:56
Toyota Reaches Historic Settlement LOS ANGELES — Toyota Motor Corp. said Wednesday it has reached a settlement worth more than $1 billion in a case involving unintended acceleration problems...
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Geithner moves to avoid Dec. 31 debt ceiling

Market Watch - 26 Dec 2012 23:54
Treasury soon will begin making accounting moves so that the United States can put off hitting its debt ceiling at the end of the month.
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George H.W. Bush Is Now In Intensive Care After A Month-Long Stay In The Hospital Former President George H.W. Bush spent Christmas in the hospital and has been kept there in recent days because of a rising fever, spokesman Jim McGrath told The Associated Press today. Bush has been in intensive care s...
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Hot Commodities: CFTC Staffers

Wall Street Journal - 26 Dec 2012 23:51
After working long hours over many months crafting Dodd-Frank financial rules, a number of CFTC regulators are switching sides to work for the firms that will have to follow and interpret them.
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(Reuters) - Toyota Motor Corp has agreed to pay more than $1 billion to settle U.S. litigation over claims that its vehicles suddenly and unintentionally accelerated, according to court filings made public on Wednesday.
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Chip maker Marvell must pay over $1B in Carnegie Mellon patent case Marvell Technology Group, best known for making chips for a wide variety of devices, is in hot water with Carnegie Mellon University. A Pittsburgh jury today found that Marvell has to pay around $1.17 billion in damages ...
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Guns kill people, in one chilling graph

Washington Post - 26 Dec 2012 23:45
This isn't the merriest graphic we've ever posted, but it's important. The Washington Post's Todd Lindeman picked through the data on the cause of violent deaths by age and illustrated the results. He included a separate...
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TOKYO (Reuters) - When Toyota Motor Corp President Akio Toyoda visited northern Japan in July last year and announced a $24 million engine plant expansion, some analysts saw it as evidence of a flawed strategy that put p...
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WYNN Makes Notable Cross Below Critical Moving Average In trading on Wednesday, shares of Wynn Resorts Ltd (NASD: WYNN) crossed below their 200 day moving average of $111.00, changing hands as low as $110.89 per share. Wynn Resorts Ltd shares are currently trading off about ...
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15 Caribbean Hotels To Help You Stay Warm All Through The Winter This post originally appeared on Oyster.com. Winter may be firmly upon us now in the Northeast, but that doesn’t mean we have to write off warm weather entirely. The Caribbean isn’t too far a...
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An investor’s guide to surviving the Series A crunch Guest Post With the balance of power shifting to the VC, here's some advice from Blumberg Capital's Jon Soberg to help founders stay afloat.
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Stocks log 3-day decline on 'cliff' fears

NBC News - 26 Dec 2012 23:28
Stocks eased off their lows but still finished in the red Wednesday, extending losses for a third-straight session, as weakness in the retail sector and ongoing worries over the looming "fiscal cliff" put a damper on gai...
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'Personalized Persuasion' Is The Future Of Marketing, And It's Only Just Begun “Successful entrepreneurs recommend reading this article about the persuasion techniques companies use to drive engagement.” Scratch that, how’s this? “Tons of people are tweeting this article. F...
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