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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Randazzo: Ariz. auto sales show modest rebound

by Ryan Randazzo - Sept. 18, 2012 11:52 AMThe Republic | azcentral.com As automobile sales have continued to climb in Arizona, Ford Motor Co. is reporting that it recorded a 30 percent jump in August. The state sales data, although not as current...

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Anglen: Debt-consolidation letter mere marketing

by Robert Anglen - Sept. 19, 2012 10:57 AMThe Republic | azcentral.com The letter comes self-sealed and stamped with the words "final notice enclosed" in big block letters. Below, a warning states that tampering with this letter could subject you...

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Anderson: SunGard increases data-center capacity

by J. Craig Anderson - Sept. 18, 2012 11:52 AMThe Republic | azcentral.com Cloud-computing, disaster-recovery and colocation-services provider SunGard Availability Services has expanded its Scottsdale data center to increase the facility's capacity,...

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Gates, Buffett again top Forbes' billionaires list

Sept. 19, 2012 08:29 AMAP NEW YORK - -- Microsoft Corp. co-founder Bill Gates remains the nation's richest man by far, as the tech and philanthropy giant took the top spot on the Forbes 400 list for the 19th year running, with a net worth of $66 billion....

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General Mills profit climbs on Yoplait overseas

Sept. 19, 2012 07:42 AMAP NEW YORK - -- General Mills Inc. is benefiting from its acquisition of Yoplait International, even as it struggles to expand its yogurt business at home. The Minneapolis-based maker of Cheerios, Betty Crocker and Hamburger...

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US housing figures shore up markets

by PAN PYLAS - Sept. 19, 2012 08:06 AMAP Business Writer LONDON - -- Strong U.S. housing figures helped stocks remain in positive territory on Wednesday after an earlier bout of optimism in the wake of further stimulus measures from the Bank of Japan...

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If your Doritos Super Bowl ad wins, you get a movie job

by Bruce Horovitz, USA TODAY - Sept. 19, 2012 07:18 AM The next Transformers movie could have an unlikely film credit: yours. Doritos, the Frito-Lay brand that has embraced the Super Bowl as the salty snack's sweet spot for consumer-generated commercials,...

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US futures rise with more positive housing news

Sept. 19, 2012 06:22 AMAP NEW YORK - -- Futures edged higher Wednesday with new data providing hope to beleaguered U.S. homeowners and the housing industry as well. Construction of new homes and apartments rose 2.3 percent in August to a seasonally...

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Study: Phoenix Open added $222 mil to Arizona economy

by Peter Corbett - Sept. 18, 2012 08:02 PMThe Republic | azcentral.com Despite a still-recovering economy, the Waste Management Phoenix Open boosted the Arizona economy by an estimated $222 million this past winter, according to a study released Tuesday...

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Stocks down after FedEx's glum outlook

Sept. 18, 2012 04:55 PMAssociated Press Glum economic news pushed stocks down slightly on Tuesday after FedEx said it's seeing recession-like conditions. The declines were widespread, but mild. The Dow Jones industrial average fell 10 points to...

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Arizonans may not feel closure of local banks

by Russ Wiles - Sept. 18, 2012 05:00 PMThe Republic | azcentral.com Arizona's banking industry, like that of the nation overall, is gradually recovering from the housing collapse, subprime crisis and recession that began roughly five years ago. ...

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US Airways cited for baggage worker's death

by Ryan Randazzo - Sept. 18, 2012 10:50 AMThe Republic | azcentral.com Tempe-based US Airways is facing $21,000 in fines for not properly training baggage workers on how to safely operate equipment after a Phoenix worker was killed by a conveyor belt...

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Kohl's hiring more than 52,000 holiday employees

Sept. 18, 2012 08:49 AMAP MENOMONEE FALLS, Wis. - -- Kohl's Department Stores says it plans to hire more than 52,000 holiday employees nationwide this season, up more than 10 percent from last year. Kohl's expects hiring an average of 41 employees...

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FedEx says economy is stalling, cuts outlook

by SAMANTHA BOMKAMP - Sept. 18, 2012 08:16 AMAP Business Writer NEW YORK - -- FedEx Corp. says the global economy is stalling, and it's going to get worse next year. The world's second largest package delivery company cut its forecast for the fiscal...

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Apple shares hit $700 for first time

Sept. 18, 2012 07:30 AMAP NEW YORK - -- Apple's stock has reached $700 for the first time, setting a record for the company the day after it announced that orders for its iPhone 5 topped 2 million in the first 24 hours. The shares hit as high as...

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Foreign holdings of US debt rise to record $5.35T

by MARTIN CRUTSINGER - Sept. 18, 2012 07:43 AMAP Economics Writer WASHINGTON - -- Foreign demand for U.S. Treasury securities rose to a record level in July and China increased its holdings after two months of declines. The Treasury Department says...

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Will Dow's gyrations determine race for White House?

by Adam Shell, USA TODAY - Sept. 18, 2012 06:54 AM NEW YORK -- History has shown that a favorable 50-plus approval rating is pretty much a prerequisite for a president to get re-elected. Another time-tested path to the White House for the incumbent...

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US futures follow global markets downward

[unable to retrieve full-text content]Dow Jones industrial futures slipped 28 points to 13,442. 18 Sep, 2012 -Source: http://www.azcentral.com/business/articles/2012/09/18/20120918us-futures-follow-global-markets-downward.html--Manage subscription...

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US current account deficit fell in Q2 to $117.4B

by MARTIN CRUTSINGER - Sept. 18, 2012 06:13 AMAP Economics Writer WASHINGTON - -- The U.S. current account trade deficit narrowed in the April-June period, pushed lower by an increase in American exports and cheaper oil imports. The Commerce Department...

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China files trade case against U.S.

by Joe McDonald - Sept. 17, 2012 06:15 PMAssociated Press BEIJING - China filed a World Trade Organization case Monday challenging U.S. anti-dumping measures on billions of dollars of kitchen appliances, paper and other goods, adding to worsening...

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Market slips after surge; Apple stock hits new high

by Bernard Condon - Sept. 17, 2012 06:02 PMAssociated Press NEW YORK - After surging over four days to near pre-recession highs, stocks slipped further from that goal Monday following a new sign of a slowdown in the U.S. economy and worries over Europe's...

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