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Category Archive: Top Stories

Jun
16
2011

Report: Facebook users more trusting, engaged

{“s” : “lnkd”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} Barbara Ortutay, AP Technology Writer, On Thursday June 16, 2011, 2:36 pm NEW YORK (AP) — Facebook, it seems, is not just a waste of time. Folks that use it have more close friends, get more social support and report being more politically engaged than individuals …

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Jun
16
2011

Pandora’s stock retreats to below IPO price

{“s” : “lnkd,p”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} On Thursday June 16, 2011, 2:28 pm SAN FRANCISCO (AP) — Buyer’s remorse already could be setting in for some investors in Internet radio station Pandora Media. After intense demand drove up the cost for Pandora’s initial public offering of stock, the shares plunged by up …

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Jun
16
2011

Economy gets lift: Layoffs ease, home build up

{“s” : “jnj”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} Derek Kravitz and Christopher S. Rugaber, AP Economics Writers, On Thursday June 16, 2011, 1:48 pm WASHINGTON (AP) — Fewer Americans applied for unemployment benefits last week and builders broke ground on more homes in May. The newest data offered some hope that the economy might …

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Jun
16
2011

Greek default could trigger chain reaction

David Mchugh, AP Business Writer, On Thursday June 16, 2011, 1:26 pm EDT FRANKFURT, Germany (AP) — Greece’s economy is small however the shock waves from a default on its debt may be amplified by links within the global economic system to harm stocks, banks and whole economies faraway from the epicenter in Athens. In …

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Jun
16
2011

Allstate says 2Q catastrophe losses reach $2B

{“s” : “all,trv,ufcs”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} Candice Choi, AP Business Writer, On Thursday June 16, 2011, 1:23 pm EDT NEW YORK (AP) — Allstate Corp. said Thursday that severe weather drove up catastrophe losses to $2 billion to this point within the second quarter. That tops a up to date quarterly high …

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Jun
16
2011

Greece prone to get next loan but outlook is dark

Gabriele Steinhauser and Pan Pylas, On Thursday June 16, 2011, 12:39 pm EDT BRUSSELS (AP) — Greece is probably going to get enough money from the ecu Union and the International Monetary Fund to outlive in the course of the summer, but political turmoil in Athens and disagreement between eurozone governments fanned market alarm that …

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Jun
16
2011

4 The reason why Cisco Stock Fell

By Panos Mourdoukoutas Of all investment success stories, one stands proud: the tale of Cisco Systems (CSCO). For greater than a decade for the reason that company went public on February 16, 1990, its stock was rising by leaps and boundaries, soaring from a couple of dollars to $630 (when adjusted for nine stock splits). …

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Jun
16
2011

Mortgage rates flat after hitting yearly low

Derek Kravitz, AP Business Writer, On Thursday June 16, 2011, 11:02 am WASHINGTON (AP) — Fixed mortgage rates stayed roughly flat after falling for eight weeks. The average rate at the 30-year loan ticked up from a yearly low of four.49 percent to 4.50 percent, Freddie Mac said Thursday. The typical rate at the 15-year …

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Jun
16
2011

Builders start more homes but pace still slow

Derek Kravitz, AP Real Estate Writer, On Thursday June 16, 2011, 11:01 am WASHINGTON (AP) — Builders broke ground on more new homes in May, but not enough to signal a recovery within the troubled housing market. New-home construction rose 3.5 percent from April to a seasonally adjusted annual rate of 560,000 units per year, …

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Jun
16
2011

Oil hold around four-month low

Chris Kahn, AP Energy Writer, On Thursday June 16, 2011, 10:50 am NEW YORK (AP) — Oil is holding at four-month lows as investors continue to fret in regards to the European financial crisis. Benchmark West Texas Intermediate crude lost 3 cents at $94.78 per barrel in Thursday morning trading at the The big apple …

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