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Business News

Location American Business News for 8 July 2013
Chilling Images From Inside The Asiana Plane That Crash Landed In San Francisco The NTSB has just tweeted out several new images of Asiana Flight 214, which crash-landed in San Francisco on Saturday. Among them are the first pics we've seen that show inside the cabin, a scene which is obviously tota...
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Add Stacey Kiebler To George Clooney's Long List Of Ex-Girlfriends Another one bites the dust. George Clooney and Stacy Keibler have split after two years of dating. "Stacy called it quits. She wants to have children and a family someday. She knows where George stands on that," a source...
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What's Wrong With Obama's Energy Policy?

Forbes - 8 Jul 2013 07:47
What's Wrong With Obama's Energy Policy? The President is pursuing the only path available at this time that actually decreases CO2 emissions in any significant way - ramp up natural gas and ramp down coal.
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TOKYO (AP) -- Japan moved a step closer to restarting nuclear reactors Monday as four utility companies applied for safety inspections of 10 idled plants, the clearest sign of a return to atomic energy nearly two and a h...
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Technical Trading: Rising Daily Gold Momentum Gives Bulls The Edge (Kitco News) - Comex August gold futures climbed higher in overnight action, supported by modest weakness in the dollar. The markets are correcting from Friday's big moves. Daily momentum turned supportive for the August...
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Commission A Chinese Artist To Turn Your Instagram Photo Into An Oil Painting Instagram users have been able to print their photos in a variety of ways for a while, but a new startup wants to let them turn their pictures into actual oil paintings. The company, Pixelist, works with a group of Chine...
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Oregon's New College Plan Offers Oregon is exploring an inventive way for students to fund their educations at community colleges and four-year public universities in the state: Free tuition in exchange for paying a small percentage of their adjusted gr...
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Barnes & Noble CEO William Lynch resigns

News Observer - 8 Jul 2013 23:53
Barnes & Noble Inc. said Monday that William Lynch has stepped down as CEO, effective immediately, just weeks after the book retailer announced weak sales, big losses and the declining...
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Jim Rogers Destroys The Last Argument Of The Gold Bugs (GLD, GDX) Gold prices have been tumbling. But the ardent gold bulls have been hanging on. The most popular argument that these gold bulls have clung to has been that mining costs will create a floor for gold prices. The idea is th...
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BOSTON
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News Summary: Stocks up ahead of company earnings

Miami Herald - 8 Jul 2013 23:53
COMPANY EARNINGS: Cautious optimism about corporate earnings sent the stock market higher on Monday. U.S. companies start reporting their second-quarter results this week.
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Hedge Fund Lauches Plan B In Bid To Profit From Fannie And Freddie In recent months big and powerful hedge funds have descended on Washington, lobbying for Congress to revive Fannie Mae and Freddie Mac, the government-sponsored enterprises that have been operating out of conservatorship...
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Biofuels plant opens to become UK's biggest buyer of wheat Vivergo plant near Hull will take 1.1m tonnes of wheat a year to turn into ethanol and animal feed A new biofuels plant that has opened today near Hull will be the UK's biggest buyer of wheat, and the biggest supplier of...
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Barnes & Noble CEO William Lynch resigns

Miami Herald - 8 Jul 2013 23:58
Barnes & Noble Inc. said Monday that William Lynch has stepped down as CEO, effective immediately, as the book retailer continues to struggle with weak sales, big losses and the declining popularity of its Nook e-readers...
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The State Of The Global Economy In 2 Huge Slides (AA)

Business Insider - 8 Jul 2013 23:55
The State Of The Global Economy In 2 Huge Slides (AA) Aluminum demand is highly cyclical, so it gives us a good sense economic activity. And Alcoa is the world's biggest producer of aluminum. Here are two charts from Alcoa's Q2 earnings presentation depicting the state of t...
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BMW posts record car sales for first half of 2013

The Guardian - 8 Jul 2013 18:01
BMW posts record car sales for first half of 2013 German car firm sold 954,521 vehicles, up 6% on same period last year, though sales of its Mini and Rolls-Royce marques fell BMW has posted record car sales for the first half of the year after strong growth in China and...
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India's gold import headache to resume after June plunge Indians snapped up a record 162 tonnes of gold in May, prompting a hike in import duty to 8%
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Gold bear-market history signals second-half hope for faithful Gold is poised for the first annual drop in 13 years after some investors lost faith in the metal as a store of value
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Thomson Reuters to suspend early data release amid probe NY authorities probing if early release of Thomson Reuters' consumer sentiment index is a violation of state securities laws
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The Chart That Shows Why Asiana Flight 214 Crash Landed

Business Insider - 8 Jul 2013 23:58
The Chart That Shows Why Asiana Flight 214 Crash Landed The cause of the deadly crash landing of Asiana Flight 214 on July 6 may not be clear, but it's easy to see why the plane hit the ground well short of the runway at San Francisco International Airport. The target speed f...
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WASHINGTON (AP) -- Regulators want to require eight of the largest U.S. banks to meet a stricter measure of health to reduce the threat they pose to the financial system.
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Federal officials end inquiry into Wynn

Boston - 8 Jul 2013 23:57
LAS VEGAS (AP) -- Federal investigators are done looking into a $135 million donation casino giant Wynn Resorts gave to a university in the Chinese gambling enclave of Macau.
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