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Business News

Location American Business News for 12 May 2015
What Does The Reynolds-Lorillard Deal Mean For Altria? Reynolds stands to gain plenty from combining its distribution channels, marketing muscle, and promotional activities with Lorillard. In particular, the two powerhouses could plug into each other?s shortcomings to prove ...
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The 3 biggest questions about the Obama administration and the Bin Laden raid Seymour Hersh's controversial story on the death of Osama Bin Laden has been met with intense scrutiny and widely criticized for its reliance on anonymous sources and lack of documentary evidence. Former CIA director Mi...
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T-Mobile US Inc : Here's What T-Mobile US Inc (NYSE:TMUS) has unleashed its nine un-carrier moves, one after the other, with the aim of resolving issues which upset its consumers. The self-proclaimed un-carrier addressed a number of issues including ...
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BOSTON (TheStreet) -- A group of outside experts convened by the U.S. Food and Drug Administration is meeting Tuesday to review a new combination therapy for cystic fibrosis developed by Vertex Pharmaceuticals . Vertex i...
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Ian Schrager Targets Luxury Hotels

Wall Street Journal - 12 May 2015 11:40
Boutique hotel pioneer Ian Schrager is taking aim at the market's luxury end with his latest Edition hotel in New York, which aims to combine creative detail with top room rates.
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Buddhist Monk Offers Loans With Karma

Wall Street Journal - 12 May 2015 22:01
Phra Subin Paneeto's microlending operation has found success by offering loans with little or no interest to borrowers based on how well they follow Buddhist principles.
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New Relic shares pop 7% after earnings (NEWR)

Business Insider - 12 May 2015 23:04
New Relic shares pop 7% after earnings (NEWR) Shares of New Relic are up 7% in after-hours trading to $35 after beating Wall Street consensus on its second-ever quarterly earnings report since it became a public company in December.  New Relic generated $33.4 milli...
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This is what Tim Armstrong told us a few months ago about the future of AOL Verizon announced that it plans to acquire AOL for $4.4 billion. Back in December, we interviewed AOL CEO Tim Armstrong about potential mergers, company strategy and future plans when he spoke at our IGNITION conference....
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For-profit college implosion continues

USA Today - 12 May 2015 19:25
For-profit college implosion continues SEC charges two company executives.          
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The Mechanics of Preventing Procrastination

The Atlantic - 12 May 2015 13:23
The Mechanics of Preventing Procrastination A new study finds that thinking about far-off events in terms of days, rather than years, makes people get started sooner.
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Larry Wilmore on Monday said a word for the "accidentally racist principal" whose tirade went viral over the weekend.
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Let General Stanley McChrystal Explain Why Adaptability Trumps Hierarchy Forget everything you ever knew about your company's org chart--and that's an order. Dr. E.J. Caterson and Dr. Matthew Carty are members of one of the world's finest reconstructive plastic surgery teams, working out of B...
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World's First 'Crowd-Sourced Country' Campaign Aims to Solve World Hunger Jeremiah Heaton hopes to establish an agricultural research center on a slice of unclaimed land to help solve the world's food shortages
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Judge rules against Japanese bank Nomura in subprime trial A federal judge ruled against the Japanese bank Nomura on Monday, saying it lied about mortgage-backed securities that it sold to Uncle Sam during the run-up to the financial crisis...
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(Reuters) - Goldman Sachs Inc has been ordered to pay $80 million, plus interest, to the National Australia Bank for breaches associated with the sale of mortgage-linked securities, according to a court filing.
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Google Head Of YouTube Engineering Passes Away After Battle With Cancer One of Google Inc's (NASDAQ:GOOGL) businesses is going through a heavy sentimental loss as the head of engineering at YouTube, Venkat Panchapakesan, died on Monday after a long fight against cancer.
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Over the past few years, a very encouraging slowdown has taken place in the growth of fossil fuel consumption across the globe. Oil, natural gas, and coal, have endured steady price declines, as demand has failed to full...
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ITT Educational's stock plunges on SEC allegations that execs concealed student loan woes
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Fosun International, one of China’s largest investment firms, fell in Hong Kong trading this morning after the company said it would increase the number of its shares by 6.6% in connection with a sale of stock to ou...
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Volvo plans to begin building cars in America in 2018. But can it sell cars like it used to, or better, beginning in 2015? That issue will be more crucial to the company's future in the United States than a domestic manu...
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Normally strong first quarter yields poor results for pay TV Cord cutting has reached its tipping point, as evidenced by the first first-quarter loss of subscribers in pay-TV history. And that was enough for analyst Craig Moffett to declare "the...
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Ed Sheeran's streaming success boosts Warner Music Group 'Tween hearthrob Ed Sheeran helped Warner Music Group hit a digital milestone in its latest quarter. The company, owned by billionaire Len Blavatnik, saw streaming music revenue from its recorded...
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