Report: Bank of America to speed job cuts

Sept. 20, 2012 06:34 AMAP NEW YORK - -- A published report says Bank of America is accelerating a cost-cutting plan and aims to eliminate 16,000 jobs by the end of the year. The cuts are part of a previously announced plan by the bank to cut 30,000...

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US futures follow global markets lower

Sept. 20, 2012 06:41 AMAP NEW YORK - -- U.S. stock futures slid Thursday as disquieting economic data from Europe and Asia, and the prospect of more of the same from the U.S. later in the day, pushed global markets downward. Dow Jones industrial...

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Jobless claims fell by 3,000 last week.

by CHRISTOPHER S. RUGABER - Sept. 20, 2012 06:13 AMAP Economics Writer WASHINGTON - -- The number of Americans seeking unemployment benefits fell only slightly last week to a seasonally adjusted 382,000. The level suggests hiring remains weak. The...

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Housing reports cheer up U.S. stocks; indexes muted

by Daniel Wagner - Sept. 19, 2012 06:39 PMAssociated Press A pair of encouraging reports about the housing market boosted U.S. stocks a little Wednesday. Home sales jumped to the highest level in more than two years in August, the National Association...

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Preservationists: Don't mess with NYC Macy's

by Verena Dobnik - Sept. 19, 2012 06:43 PMAssociated Press NEW YORK - A $400 million makeover is giving New York's iconic Macy's store a sleek, 21st-century style. Some preservationists aren't happy about it. They see the overhaul of America's biggest...

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Groupon adds payment service

by Barbara Ortutay - Sept. 19, 2012 06:41 PMAssociated Press NEW YORK - Groupon launched a payment service Wednesday that allows businesses to accept credit cards using an iPhone or iPod Touch, becoming the latest company to enter the growing mobile-payments...

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China tightens mineral control

by Joe McDonald - Sept. 19, 2012 06:44 PMAssociated Press BEIJING - China has cut the number of permits for rare earths mining in a new move to tighten controls over the exotic minerals needed to manufacture mobile phones, electric cars and other...

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Peoria entertainment/hotel plan closer to reality

by Sonu Munshi - Sept. 19, 2012 06:34 PMThe Republic | azcentral.com If Peoria city officials have anything to say about it, Glendale won't be the only West Valley city with a thriving entertainment district. In fact, Peoria aims to create a vibrant...

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Five Arizonans rank among the wealthiest 400 Americans

5. Arturo Moreno Arturo Moreno, 66, is a former billboard executive who owns the Los Angeles Angels. Net worth: $1.1 billion. Moreno ranks number 392 out of the 400 wealthiest Americans. 4. Peter V. Sperling Peter V. Sperling is 52, the son...

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Arizona alleges illegal prices hikes of prescription drugs

by Ken Alltucker - Sept. 19, 2012 02:19 PMThe Republic | azcentral.com Drug wholesaler McKesson Corp. improperly raised the prices of brand-name prescription drugs, such as Allegra, Lipitor and Nexium, costing Arizona consumers and businesses millions...

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