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Entries by Harry Bradford from 07/2011

Borders Agrees To Sell Itself To Private Equity Firm For $215 Million

Posted 07.01.2011 | Business

-- Borders Group Inc. said late Thursday it agreed to sell itself to private investment firm Najafi Cos. for $215 million and is seeking court approv...

Krugman: Failure To Raise Debt Ceiling 'Not At All' Unthinkable

Posted 07.01.2011 | Business

In about a month, if nothing is done, the federal government will hit its legal debt limit. There will be dire consequences if this limit isn’t rais...

U.S. Recovery's 2-Year Anniversary Arrives With Little To Celebrate

Posted 07.01.2011 | Business

WASHINGTON (AP) -- This is one anniversary few feel like celebrating. Two years after economists say the Great Recession ended, the recovery has be...

American Towns Find New Ways To Fund Fireworks Displays Despite Budget Shortfalls

Posted 07.03.2011 | Business

Fourth of July has come to be best represented by the fireworks that light up the skies of American cities. But this year, many celebrations across th...

Gaza Benefiting From Israel Easing Economic Blockade

Posted 07.05.2011 | Business

BEIT LAHIYA, Gaza Strip -- Maher Khoudari boasts that his Gaza grocery has a wide assortment of chocolates for sale – even some you couldn't fin...

Christina Romer: Tax Raises Makes More Sense Than Spending Cuts

Posted 07.05.2011 | Business

The Republicans who walked out of budget negotiations the other week think they know the answer. They insist that higher taxes would threaten our frag...

Bacon Becomes The Latest Victim Of Skyrocketing U.S. Food Prices

Posted 07.05.2011 | Business

Spiking food prices could mean that even some of the employed soon won't be able to bring home the bacon. The price of pork bellies, that part of t...

U.S. Municipal Bond Market Has Best Quarter Since 2009

Posted 07.05.2011 | Business

CHICAGO (Karen Pierog) - The U.S. municipal bond market had its best quarterly performance in two years in the second quarter of 2011, besting bot...

U.S. Banks Finally Increasing Lending In Good Sign For Investors

Posted 07.06.2011 | Business

Major U.S. banks appear to be finally opening the lending spigot. Second-quarter earnings reports due this month are likely to reveal a slight ...

Top Banking Groups Complain Of 'Unfair' Pay Clawbacks

Posted 07.06.2011 | Business

HuffPost Update: The FDIC approved a rule Wednesday that allows regulators to claw back up to two years of Wall Street executives' pay if they are fou...

The End Of The Space Shuttle Program Hurts Houston Pride And Economy

Posted 07.07.2011 | Business

HOUSTON — The end of the space shuttle program is hitting its Florida launch home in the pocketbook with some areas practically becoming economic gh...

Starbucks Employees In Chile Plan Strike Over Low Wages, Lunch Stipend

Posted 07.07.2011 | Business

Employees at Starbucks Corp's outlets in Chile plan to walk out on Thursday because, they say, their wages are so low that they can't afford to bu...

Jobless Claims Down More Than Expected But Data Incomplete

Posted 07.07.2011 | Business

WASHINGTON - New U.S. claims for unemployment benefits fell more than expected last week, government data showed on Thursday, but distortions asso...

Nearly Half Of Americans Report Having Unreasonable Bosses: OfficeTeam

Posted 07.07.2011 | Business

Having a dysfunctional boss can ruin any job. And unfortunately for employees across the country, having a bad boss turns out to be a pretty common ex...

Europe Will Support Banks If They Cannot Raise Capital With 6 Months

Posted 07.08.2011 | Business

BRUSSELS (John O'Donnell) - European countries will support banks that fail stress tests if those lenders cannot raise capital from investors with...

Bruce Bartlett: 5 Myths About The Debt Ceiling

Posted 07.08.2011 | Business

In recent months, the federal debt ceiling -- last increased in February 2010 and now standing at $14.3 trillion -- has become a matter of national de...

Morgan Stanley Downgrades Google Due To Aggressive Expansion

Posted 07.08.2011 | Business

Morgan Stanley downgraded Google Inc a notch to "equal-weight," saying the search giant's margins will shrink as it undertakes aggressive hiring a...

Houston Family Living In Storage Unit Loses Custody of Kids

Posted 07.08.2011 | Business

Charlomane and Prince Leonard were doing just fine before the recession hit. But for the past three years, they've been forced to live with their six ...

Hedge Fund Manager Pays Treasury Almost $1M To Settle Trading Violation

Posted 07.08.2011 | Business

BOSTON - Former hedge fund manager Forrest Fontana, who once worked for industry titan Steven A. Cohen's SAC Capital Advisors, will pay nearly $1 ...

10 Artistic Careers With The Brightest Futures: NEA And BLS

Posted 07.09.2011 | Business

With the country in the middle of a jobs crisis, finding any form of employment is tough, let alone jobs in the arts. It turns out, however, that t...

Homeowners Associations Cause Trouble In Retirement Communities

Posted 07.11.2011 | Business

-- The Inlet House condo complex in Fort Pierce, Fla., was once the kind of place the 55-and-older set aspired to. It was affordable. The pool and cl...

Delayed Payments In 1979 Offer Glimpse Of Default's Consequences

Posted 07.11.2011 | Business

The Sunday airwaves brimmed once again with talk of what would - or would not - happen if lawmakers fail to meet the Aug. 2 deadline to raise the nati...

Nestle Buys 60 Percent Of Chinese Candymaker For $1.7 Billion

Posted 07.11.2011 | Business

SINGAPORE/ZURICH (Saeed Azhar and Silke Koltrowitz) - Nestle, the world's largest food company, is paying a hefty $1.7 billion for a 60 percent st...

Potential U.S. Spending Cuts Might Further Weaken Economic Recovery

Posted 07.11.2011 | Business

NEW YORK (Steven C. Johnson) - Two years removed from its worst recession since World War Two, the U.S. economy is still struggling to create jobs...

Retailers Plan To Use Extra Cash On New Technology: Survey

Posted 07.12.2011 | Business

CHICAGO - Retailers have cash on their balance sheets and nearly half of 100 top retail executives said they are planning to spend it on technolog...