All Latest News Wires
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Bank of America settles lawsuit; profits disappoint
Bank of America has agreed to settle a class action lawsuit brought against Countrywide Financial, its troubled mortgage lending arm. The settlement came as Bank of America announced its first quarter income, with profits soaring but failing to meet analysts' expectations.
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Lottery winners still getting welfare? In Michigan, yes.
Lottery winners got welfare benefits in more than 3,500 cases last year, a new Michigan report finds. That's 14 percent of state lottery winners on welfare, and the state aims to crack down.
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Stocks bounce back from worst day of year
Stocks rose on Wall Street Tuesday the day after they had their biggest decline since November. Tuesday's strong housing and earning reports helped stocks recover.
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American Airlines computer glitch grounds flights nationwide
American Airlines grounded flights across the country Tuesday due to a computer glitch. Thousands of American Airlines passengers were stranded, and flights will resume at 5:30 p.m. EDT.
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Gold price: biggest tumble in 30 years (+video)
Gold price falls $140 – 9 percent – in a single day. Here are four reasons the two-year decline in the gold price is accelerating.
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$405 million Madoff payoff: Judge says victims' advocate 'slept on his rights'
A federal judge blocked the trustee seeking money for Bernard Madoff's victims from interfering with New York state's $410 million settlement with Ezra Merkin, a Wall Street hedge fund manager accused of steering client money to the swindler. The settlement calls for Merkin to pay $405 million to investors over three years, and $5 million to New York State to cover fees and costs.
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J.C. Penney borrows $850 million: Is it enough?
J.C. Penney has pulled $850 million from its revolving credit line to be able to pay its vendors, increasingly skittish after J.C. Penney's failed attempts at a turnaround.
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Stocks take biggest drop this year
Stocks posted their biggest drop of the year on Wall Street Monday. A steep fall in commodity prices led to a widespread sell-off in stocks.
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$25 billion offer: Dish Network bids for Sprint Nextel
$25 billion offer: Dish Network is offering to buy Sprint Nextel Corp. in a cash-and-stock deal Dish values at more than $25 billion, saying its bid for Sprint Nextel is superior to that of Japanese phone company SoftBank.
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John Galardi dies, leaves Wienerschnitzel hot dog chain legacy
John Galardi dies: Founder of the Wienerschnitzel hot dog chain, John Galardi built a chain of some 350 restaurants selling more than 120 million hot dogs annually in 10 states.
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Disneyland Space Mountain shut down over safety issues (+video)
Disneyland Space Mountain was closed over the weekend after Disneyland was cited by CalOSHA for employee safety violations. In addition to Space Mountain, two other rides were closed at Disneyland.
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Meat recall expands to 13 states
Meat recall includes roast beef, ham, turkey breast, corned beef, and pastrami shipped to retailers. No illnesses have been linked to the meat recall.
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Billionaire awarded $12M in fake wine case
Billionaire awarded $12M: Florida billionaire William Koch won a $12 million jury award in a case involving his purchase of counterfeit bottles of Bordeaux.
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$10 minimum wage proposed for Michigan
$10 minimum wage would be achieved over three years, according to Democrats sponsoring the bill. But Republicans, who control the state legislature and the governorship, have not embraced a $10 minimum wage.
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Stocks end four-day advance as energy slips
A four-day advance for stocks came to an end on Wall Street as falling commodity prices brought down the stocks of energy and mining companies.
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Stocks rise for fourth day straight, led by retail
Stocks rose for the fourth day in a row on Wall Street Thursday as US retailers surged on better sales reports. A surprising drop in claims for unemployment benefits last week has also helped stocks.
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Lance Armstrong sells $10 million estate, but for how much? (+video)
Lance Armstrong sold his 8,000 square foot home in Austin, Texas. But the buyer says he paid a lot less than Lance Armstrong's $10 million listing price.
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Paul McCartney richest musician in Britain
Paul McCartney richest musician in the United Kingdom, says new Rich List. Paul McCartney has been the richest musician on the Sunday Times list for the past 24 years.
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Worst lapse in years: Fed probes early release of minutes
More than 100 people received Federal Reserve policy minutes some 24 hours before their scheduled release. Federal Reserve and federal regulators are looking to see if any stocks or other securities were traded based on the information.
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Stocks soar, led by gains in technology
Stocks rose sharply on Wall Street Wednesday, pushing the Standard & Poor's 500 index and Dow Jones industrial average to record highs. Technology stocks surged after network communication company Adtran reported earnings that were double what Wall Street analysts expected.
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