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Obama Targets Colleges Preying On Veterans' GI Bill Benefits

Chris Kirkham | April 26, 2012 | Business
For more than a year, veterans groups and Senate Democrats have warned that for-profit colleges are aggressively recruiting current and former soldiers for their generous federal tuition benefits. President Barack Obama on Friday will sign an executive order aimed at rooting out unscrupulous sales tactics by...

Ex-AIG Lawyer Targets 'Lewd, Crude' Boss in Racial Discrimination Lawsuit

D.M. Levine | April 26, 2012 | Business
A former AIG lawyer is suing the insurance giant for discrimination, claiming colleagues and supervisors taunted him, mistreated him and ultimately fired him because he is black. Earl E. Brown, 40, filed suit in federal court in New York on Wednesday against his former boss and AIG Investments, a...

Brad Miller, Congressman, Compares Rep. Patrick McHenry, Republicans To Keating Five

Zach Carter | April 27, 2012 | Politics
WASHINGTON -- Rep. Brad Miller (D-N.C.) blasted congressional Republicans on Thursday, including fellow North Carolinian Rep. Patrick McHenry, comparing them to the notorious Keating Five, five senators disgraced for intervening to protect financial fraud felon Charles Keating from regulatory scrutiny in the 1980s. Miller's consternation comes after the Nation

No Password Protection: Democrats Lose Second Bid To Shield Social Media Passwords From Employers

Michael McAuliff | April 26, 2012 | Politics
WASHINGTON -- Republicans blocked a second bid in the House to pass an amendment barring employers from demanding Facebook and other social media passwords from workers. A similar effort failed last month, with Republicans arguing that it would not help and complaining that it was a stunt. But...

Pat Quinn On 'The Ed Show': Illinois Governor's Job Creation Advice? 'Don't Listen To Scott Walker' (VIDEO)

Joseph Erbentraut | April 27, 2012 | Chicago
Democratic Illinois Governor Pat Quinn appeared Wednesday evening on MSNBC's "The Ed Show" with host Ed Schultz to discuss Wisconsin's disappointing job outlook since controversial Republican Wisconsin Governor Scott Walker took office last year. "Wisconsin's dead last at job growth. Don't listen to Scott Walker if you want...

Spain's Credit Rating Downgraded By S&P

Jillian Berman | June 26, 2012 | Business
NEW YORK — Standard & Poor's lowered Spain's long-term credit rating by two notches on Thursday, saying the country's budget problems are likely to get worse because of the weak economy. S&P reduced Spain's long-term sovereign credit rating to "BBB+" from "A." The agency also lowered Spain's short-term rating and...

Magnifi: Your iPhone Is Now A Microscope (Or Binoculars, A Telescope...)

Drew Guarini | April 26, 2012 | Small Business
As interest and variety within the "iPhoneography" market continues to grow, an entrepreneurial couple have turned the iPhone camera into a versatile lens for nature, space and beyond. Behold the Magnifi, a first-of-its-kind universal photoadapter iPhone casing. Using the casing you can take quality, stable photos through anything with...

Neil Abramson, New Orleans Representative, Sees Oil Drilling Bill Pass Louisiana House

Jessica Leader | June 26, 2012 | Green
BATON ROUGE, La. (AP) — The Louisiana House sided Wednesday with the oil and gas industry in an ongoing dispute with landowners and trial lawyers over how to clean up environmental damage done in drilling years ago. The proposal by Rep. Neil Abramson, D-New Orleans, would change the legal process...

Picket Report, Real Estate Website, Issues Apology For Racial Stereotypes Used To Pinpoint 'Perfect Neighborhoods'

Jessica Cumberbatch Anderson | April 27, 2012 | Black Voices
When Picket Report was named one of Detroit's best tech startups of 2011, questions lingered as to whether its data-driven model for helping homebuyers find their "perfect neighborhood" could lead to homogenized communities. The launch of their online search tool this week proved that homogenization wasn't the only...

Betsey Johnson Bankruptcy: Designer's Licensing Company Files For Chapter 11 (UPDATED)

Ellie Krupnick | April 27, 2012 | Style
Betsey Johnson LLC is filing for Chapter 11 bankruptcy, reports Women's Wear Daily. Betsey Johnson LLC is the designer's licensing company, which oversees the freestanding Betsey Johnson boutiques, womenswear and e-commerce. The company has been in trouble for a while, with Steve Madden buying Betsey...

Callaway Nuclear Plant: Ameren Corporation License Renewal Request Challenged

Jessica Leader | June 26, 2012 | Green
COLUMBIA, Mo. (AP) — A Missouri environmental group is asking the federal government to more closely scrutinize Ameren Corp.'s request for a 20-year license renewal at the state's only nuclear power plant. The Missouri Coalition for the Environment on Tuesday filed a legal objection to the utility's plan with the...

Here's Why Half Of Americans Don't Pay Income Tax

Emily Cohn | April 26, 2012 | Money
NEW YORK (CNNMoney) -- It's a provocative fact about the tax code: Nearly half of U.S. households end up owing no federal income tax. But it's not surprising given the addiction to tax breaks by both Democrats and Republicans, and the fact that the U.S. tax code is set up...

Long Island Ponzi Scheme Pulled In $400 Million, Four Agape and Agape Merchant Advance Workers Charged

Kyle McGovern | May 3, 2012 | Crime
(Reuters) -- Four former employees of a Long Island-based investment firm were charged Wednesday with running a Ponzi fraud that cost more than 4,000 investors $179 million in losses, federal prosecutors said. Jason Keryc, Anthony Massaro, Anthony Ciccone and Diane Kaylor, misled investors at Agape World Inc and Agape Merchant...

Nutella Lawsuit: Ferrero Settles Class-Action Suit Over Health Claims For $3 Million

Rachel Tepper | April 27, 2012 | Food
Well, it turns out that eating everything slathered in nutella isn't the healthiest thing for you. The manufacturers of the chocolate-hazelnut spread, Ferrero, have agreed to a $3 million settlement in a lawsuit calling foul on the product's purported health benefits. If you were led to believe...

LinkedIn iPad App Now Available For Mobile Professionals

Jessica Leader | April 26, 2012 | Technology
NEW YORK -- LinkedIn users can now access the professional social network on their iPad with an application launched Thursday. The free app is available through Apple Inc.'s iTunes store. LinkedIn says the app helps today's increasingly mobile professionals who aren't always tethered to a desktop.

Amazon Q1 2012 Results Blow Past Estimates

Catharine Smith | June 26, 2012 | Technology
By Alistair Barr (Reuters) - Inc's quarterly results beat Wall Street's most bullish expectations as heavy spending by the world's largest Internet retailer began to pay off through sales of more digital products on its new Kindle Fire tablet. Amazon shares surged almost 15 percent, increasing the company's market...

Bribery Law Loophole Leads To Confusion And Abuse, Lawyers Say

Ben Hallman | April 26, 2012 | Business
A loophole in a U.S. anti-bribery law, the same law that Walmart's Mexico subsidiary reportedly violated again and again, actually allows companies to offer bribes. Under the Foreign Corrupt Practices Act, bribing foreign officials to win business is illegal, but the law makes an exception for what are known as...

Best Seat On Plane Is 6A, Survey Says

Tara Kelly | April 26, 2012 | Travel
Next time you find yourself booking a flight, be sure to see if seat 6A is free. That's because a new poll deems it the best on the plane, reports ABC News. The results were based on a Skyscanner survey that polled 1,000 passengers. While...

Blackberry Maker RIM Says Turnaround Could Take Years

Jessica Leader | April 26, 2012 | Technology
TORONTO -- The newest board member of BlackBerry maker Research in Motion Ltd. said Thursday that a turnaround could take three to five years. Prem Watsa, RIM's third-largest investor, said he sees his investment in the company as a long-term one, adding that RIM's fortunes won't be reversed soon.

Dominion Resources' Cove Point Natural Gas Terminal Faces Challenge

James Gerken | June 26, 2012 | Green
WASHINGTON (AP) — The Sierra Club said Thursday it will try to block an energy company's plan to export liquefied natural gas to find new markets for the drilling boom that has flooded the Mid-Atlantic with natural gas. Virginia-based Dominion Resources Inc. is seeking to export 1 billion cubic feet...
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