Fourth-quarter sales fell short of market expectations and the US online group said it might make an operating loss in the first quarter of 2012
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Amazon misses sales expectations
Country seen as big growth market for 2012 for the first time since the start of the financial crisis, reflecting rising demand for everything from excavators to truck parts
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Industrial groups see strong US growth
The US central bank’s growth, employment and inflation outlook this week will for the first time include expectations for its funds rate
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Economic Outlook: Fed projections awaited
The central bank detailed for the first time since the financial crisis how the it will deal with giant banks in distress whose failure could threaten financial stability
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Fed proposes new bank capital rules
(From Rapid City Journal) — For the first time in history, four generations of people are together in the workplace, and human resources professionals and other managers are concerned about how they are all getting along. Understanding the differences in the generations and learning how to motivate, coach and retain employees of all ages can increase productivity and teamwork Read more .
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Generation Gap: Workplaces Strive for Harmony Among Age Groups
In what is sure to be the first shot in a new wave of rental scams , a local family is soon to be homeless after learning that the house they had rented was.
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Foreclosure scam targets Dallas renters | RENTCafe rental blog
Consumer sentiment over the trajectory of home prices rose in November as improved economic data pushed home price expectations into positive territory for the first time in six months, Fannie Mae said in its November …
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Fannie Mae says consumers more positive about home prices – Gay …
The hedge fund’s UK team, which is expected to be operational by the first quarter of next year, will focus primarily on European markets
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US-based Saba Capital to set up London office
The hedge fund’s UK team, which is expected to be operational by the first quarter of next year, will focus primarily on European markets
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US-based Saba Capital to set up London office
Around the Rivers: Police Looking for Men Who Burglarized Elderly Richland … Patch.com “They work really fast and they're smooth,” said Amann. “These types of scams happen everywhere, but this is the first report we've had in our four communities recently.” Northern Regional Police Department covers the communities of Pine, Richland, …
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Around the Rivers: Police Looking for Men Who Burglarized Elderly Richland … – Patch.com
Police warn of paving scams in Hampton Falls Seacoastonline.com In the first scenario the scammer shows up at a random home and tells the resident they have “some extra blacktop” available “from another job” and will apply it to the driveway if the resident pays for the work up front. “A lot of times they'll demand …
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Police warn of paving scams in Hampton Falls – Seacoastonline.com
Gold rises for the first time in five sessions supported by physical demand in Asia and Europe
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Oil and copper enjoy strong rebound
The software is the first from Microsoft to be designed from the ground up for touchscreen machines
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Windows 8 opens fresh thinking on touchscreens
Bank of America will save $5bn a year in costs from the first phase of a restructuring plan, its chief executive said
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BofA plans to axe 30,000 positions
The Asian groups showed off strong alternatives to the iPad, while Toshiba also unveiled the first large-screen glasses-free 3D TV
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Samsung and Sony ramp up tablet push
Close call is reminder of email scam artists News Transcript “These emails usually ask for personal information like a home address or a date of birth – anything that can lead to identity theft.” In Bannon's case, one of the first of many emails asked for his home address so that two MoneyGram documents worth …
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Close call is reminder of email scam artists – News Transcript
MarketWatch SEC Launches New Whistleblower Program CNBC.com For the first time, SEC whistleblowers will be eligible for massive bounties for tips on corporate and Wall Street fraud . People who bring in reliable new information about frauds of $1 million or more will be eligible for payouts of between ten and 30 … US SEC says will fix whistleblower rule if any problems Reuters all 9 news articles
Ex-executive charged in NY with insider trading Wall Street Journal Ng was accused in court papers of providing inside information to Winifred Jiau, who was convicted in June of conspiracy to commit securities fraud and wire fraud . Her trial was one of the first to result from a government crackdown of Wall Street … and more
Fannie Mae and Freddie Mac sold 100000 homes during the second quarter, according to the Wall Street Journal. At the end of June about 830000 homes backed by Fannie Mae, Freddie Mac and the FHA were in the foreclosure process. During the first half of 2011 there were 1170402 U.S. … Mortgage fraud is alive and preying on victims all over the country, so it's important to know some of the signs of a scam . [August 3rd, 2011]; Learning why lenders say no …
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Will Uncle Sam be your next landlord?
Fannie Mae and Freddie Mac sold 100000 homes during the second quarter, according to the Wall Street Journal. At the end of June about 830000 homes backed by Fannie Mae, Freddie Mac and the FHA were in the foreclosure process. During the first half of 2011 there were 1170402 U.S. … Mortgage fraud is alive and preying on victims all over the country, so it's important to know some of the signs of a scam . [August 3rd, 2011]; Learning why lenders say no …
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Will the U.S. government be your next landlord?
Verizon Communications’ workers have gone on strike for the first time in 11 years after failing to reach an agreement on a new contract
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Verizon telephone workers strike
Shares in the owner of the coffee and doughnuts chain leaps more than 40 per cent in the first minutes of trading
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Dunkin’ Brands soars on New York debut
The phone is expected to retail for around $100 and is being billed as the first Facebook-centric device for pre-pay customers
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Vodafone and Facebook team up on smartphone
AT&T claimed its proposed $39bn acquisition of the T-Mobile USA mobile phone network remains on track to close in the first quarter of 2012
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AT&T optimistic about T-Mobile merger
Yahoo Finance reports Business stockpiles rose for 17th month in MayBusinesses added to their stockpiles for a 17th consecutive month in May. But sales fell for the first time in nearly a year, a sign that many companies could be forced to trim supply levels if the economy weakens. The Commerce Department says business supply levels grew 1 percent in May. Sales fell for the first time in 11 months. It was the worst showing for sales since June of last year. May’s rise in inventories pushed …
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Business Inventories Rise 17th Consecutive Month; Will Sales Follow?
One cannot help but laugh at the first line in the Associated Press article Retail sales up slightly in June after May drop : “Consumers spent more on cars and in big chain stores in June but falling gas prices held back retail sales.” For months on end, everyone has been shouting how rising gas prices have held back retail sales. Today we are told falling gas prices have held back retail sales. Apparently gas prices hurt retail sales whether they are rising or falling. Retail …
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Retail Sales Laugh of the Day: "Falling Gas Prices Held Back Retail Sales"; Weakest Performance Since July 2010 ; Auto Sales Mirage
US deals are up more than 40 per cent on the first half of 2010 as a result of a number of companies restructuring their operations
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Rise in spin-offs as groups focus on valuation
The US telecoms group has become the first foreign telecoms operator to receive an operating licence in one of Asia’s fastest growing markets
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AT&T wins licence race in Indonesia
What we should be talking about: Prosecuting the people who perpetrated this financial fraud in the first place. Barney Frank is a good place to start. The ones who pocketed money from the scam at Fannie Mae, Freddie Mac …
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Fannie Mae and Freddie Mac Bailout Cost at $317 Billion « Sara for …
Live Nation’s ticket sales in the first quarter were up 11 per cent, auguring well for summer concerts such as the Download festival in England and Copenhell in Denmark
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Live Nation plays to the crowds
msnbc.com Fabrice Tourre, Face of Mortgage Securities Fraud The Takeaway A lot of people thought, 'this is the first person out of thousands on Wall Street who did this, and this is the first case' – but then we haven't had any others! And it's been a year. Louise Story, Wall Street and finance reporter for The New York … Fabrice Tourre, The Fabulous Fab, Offers Cautionary Tale: Data Never Dies Huffington Post JIM YOUNG / Reuters msnbc.com SEC Case Stands Out Because It Stands Alone Sarasota Herald-Tribune The Atlantic all 27 news articles
The green light for Victrelis, which is the first new medication approved to treat the illness in more than 10 years, marks an important step in the fight against liver disease
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Merck hepatitis C drug approved by FDA
Fannie Mae is at it again. Fannie Mae was formed to help people get into homes easier and before 2009 took on huge mortgage loans that basically were destined to fail. Fannie Mae bought these risky loans from the banks and lendi. … shelters or government housing, EVERYONE LOOSES THIS WAY EXCEPT THE F—ING BANKS. The TAXPAYER PICKS UP THE TAB ANYWAY then has to subsidize the new housing for the people that lost the homes to foreclosure in the first place. WHAT A SCAM ! …
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Fannie Mae Wants Another $8.7 Billion in Bailout Money | _
The US has become a net exporter of fuel for the first time for nearly 20 years as drivers struggle with high petrol prices
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US becomes net exporter of fuel
In a Technical Note on GDP Bloomberg reports “First quarter Advance Real GDP Real GDP increased 1.8 percent (annual rate) in the first quarter of 2011, following an increase of 3.1 percent in the fourth quarter of 2010. The deceleration in real GDP in the first quarter reflected a sharp upturn in imports, a deceleration in consumer spending, a larger decrease in federal government spending, and decelerations in nonresidential fixed investment and in exports that were partly offset by a …
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Underwater Mortgages a Threat to Recovery; Expect No More Than 3% Growth Until Housing Recovers
Sheriff warns of scams Mount Airy News Atkinson said they do not do foundation work when paving and they do not do a quality job. They then charge a high fee. Another typical scam is people offering to paint a barn, but after the first rain, it washes off because they just used something … and more
US company reports higher than expected revenues in the first quarter, driven by strong sales of Android-based smartphones and the start of sales of its Xoom tablet
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Android and Xoom boost Motorola Mobility
The world’s largest coffee retailer shrugged off high coffee and fuel prices to post a 10 per cent gain in revenues and an even sharper rise in earnings in the first quarter of the year
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Starbucks shrugs off high commodities prices
BlackRock reported strong earnings growth in the first quarter, as rising stock markets lifted assets under management for the world’s largest money manager
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BlackRock profit boosted by rising equities
Omnicom said its strong first quarter reflected a strengthening global economy as it reported a 23.6 per cent leap in net earnings, to $201.9m for the first three months of the year.
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Omnicom reports 24% jump in profits
Stories are flying about China’s $3 trillion reserves, with much speculation on how those reserves will be used. First let’s consider the setup. Bloomberg reports China’s $3 Trillion Reserves Show G-20 Task as Wen Resists Yuan PressureChina’s foreign-exchange reserves exceeded $3 trillion for the first time, highlighting global imbalances that Group of 20 finance chiefs aim to tackle at meetings in Washington. China’s currency holdings, the world’s biggest, swelled by $197 billion in the …
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Future Shock: China’s Remarkable $3 Trillion in Reserves; What Will China Do With Them?
A record hiring binge and big spending on marketing pushed Google’s costs up sharply in the first quarter, overshadowing a revival of growth in advertising revenues
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Google shares hit by rising cost fears
In case you missed it, economists have slowly ratcheted down GDP estimates for the first quarter. Morgan Stanley’s 1st quarter GDP estimate is 1.5% down from 1.9%. Barclays also lowered GDP estimates by a half-point to a range of 1.5% to 2%. 4% GDP estimates went out the window long ago. Please consider U.S. Trade Deficit Narrows Less Than Forecast on Soaring Commodity Prices The U.S. trade deficit narrowed less than forecast in February, indicating soaring commodity prices hurt the world’s …
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Exports, Imports, "Everything Weaker Across the Board"; Morgan Stanley Drops GDP Estimate to 1.5%; Expect to Hear the "R" Word Soon
Analysts expect companies to report slower growth in profits for the first quarter as rising commodity prices dent profit margins and risk hitting consumer spending
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US profits set to suffer as commodity prices bite
Blackstone triggers a clause giving the US cable operator the first right of refusal over its 50% stake in the Universal Orlando joint venture and Comcast must decide within three months
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Comcast appetite for park assets tested
Mukesh Ambani, India’s richest man, is the first foreign director at Bank of America Merrill Lynch, which has shuffled repeatedly since the start of the financial crisis
Facebook’s potential to become a mass online platform for other forms of media is facing an early test, with news of the first full-length film rental from inside its service.
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Facebook to host film rental experiment
The sprawling Japanese conglomerate’s decision to offload its hard-disk drive division for $4.3bn is the first of many as it moves towards higher margin areas
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Hitachi: more deals to come
When John Dowd takes to the podium to defend Raj Rajaratnam on insider trading charges, it will not be the first time he has squared off against Preet Bharara, the US Attorney in Manhattan
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Lawyers square up over Galleon case
1: Fannie Mae, the government-sponsored enterprise that did so much to inflate the housing bubble in the first place while enriching its politically connected executives and committing a sustained campaign of outright financial fraud. … The program is, to be blunt, a scam . You really should read the whole thing. I wonder if there is even a single homeowner out there whose dire fiscal situation hasn’t been made even worse by this wonderful program. Cross-posted at JWF. …
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Dan Cleary: The Home "Affordable" Modification Program: Curdled …