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Business News

Bill Gates's Plan For Raising Money For Poorer Nations

Posted 11.23.2011 | Business

WASHINGTON (Reuters) - A report by Microsoft founder Bill Gates to Group of 20 ministers on Friday proposes raising new funding for poorer countries b...

WATCH: Chicago Labor Leader Re-Hired For One Day Nets $158K Pension

Posted 11.23.2011 | Business

Chicago, a city notorious for political corruption, now has one more scandal to add to its list. Thanks to a change in the city’s pension code p...

Goldman Sachs Could Be Headed Toward First Loss Since Financial Crisis

The Huffington Post | Bonnie Kavoussi | Posted 11.23.2011 | Business

Growing concerns about the weakness of economic growth around the world are increasingly dimming prospects for American financial institutions, amplif...

Federal Government Pays Dead Workers $120 Million A Year: Report

The Huffington Post | Jillian Berman | Posted 11.23.2011 | Business

As politicians debate the best way to address the national deficit, the U.S. Office of Personnel Management has found one line-item that would seem ea...

Konczal: Why Liberals Should Join GOP In Bashing The Fed

The New Republic | Mike Konczal | Posted 11.23.2011 | Business

It’s hard to interpret the letter that Congerssional Republicans sent on Tuesday evening to Ben Bernanke as anything other than an attempt to politi...

Study: Recession Pushed 25 Percent Of Young U.S. Children Into Poverty

The Huffington Post | Jillian Berman | Posted 11.22.2011 | Business

Twenty-five percent of very young children in America are living in poverty, according to an analysis of Census data released Thursday. The number...

Report: America's Richest Union Living Beyond Its Means

Posted 11.22.2011 | Business

DETROIT (Reuters) - Bob King, the president of the United Auto Workers, has a problem: the labor union that credits itself with creating the American ...

Dow Jones Closes Down More Than 390 Points

Posted 11.22.2011 | Business

On Thursday, the Dow Jones Industrial Average closed down nearly 390 points, according to Reuters. In August, the Dow Jones experienced three of th...

Dow Plunges 400 Points On Economic Fears

Posted 11.22.2011 | Business

NEW YORK (Reuters) - Stocks skidded 3 percent on Thursday, extending losses for a fourth day as a gloomy outlook from the Federal Reserve and weak dat...

Majority Of Americans: Obama To Blame For Economy, Gallup Finds

Posted 11.22.2011 | Business

For the first time, more than 50 percent of Americans blame President Barack Obama for the nation’s economic woes, a Gallup poll released Thursday f...

Leaders Demand Euro Zone Act Quickly To Stop Crisis

Posted 11.22.2011 | Business

FRANKFURT/OTTAWA (Reuters) - Seven world leaders on Thursday demanded Europe act more decisively to quell its debt crisis as a European Central Bank s...

William Alden

Kentucky AG Backs New York's Schneiderman In National Foreclosure Settlement Talks

HuffingtonPost.com | William Alden | Posted 11.22.2011 | Business

NEW YORK -- Kentucky Attorney General Jack Conway has added his name to a list of state law enforcers who fear that a settlement being negotiated amon...

Protestors Dump Trash At Bank President's Home Over Layoffs, Foreclosures

Patch | Kimberly Ashton | Posted 11.21.2011 | Business

Hauling several bags of garbage left at a foreclosed Bank of America property in Malden, dozens of protesters showed up at bank president Robert Galle...

Former Trader Gets 10-Year Sentence For Insider Trading

Posted 11.21.2011 | Business

NEW YORK (Reuters) - A former securities trader was sentenced to 10 years in prison on Wednesday after being found guilty of insider trading as part o...

Bonnie Kavoussi

Fed Launches Stimulus To Abate 'Continuing Weakness' In Labor Market

HuffingtonPost.com | Bonnie Kavoussi | Posted 11.21.2011 | Business

The Federal Reserve has unleashed another creative attempt to stimulate the economy, moving to increase its holdings in long-term securities in order ...

Citigroup Mails More Credit Card Offers Than There Are Americans

The Huffington Post | Jillian Berman | Posted 11.21.2011 | Business

Citigroup Inc. is hoping everyone and their mother and then some will sign up for a credit card. The bank mailed 346 million credit card offers in...

BofA Cuts Investment Bankers In Industrials Group

Posted 11.21.2011 | Business

Bank of America Corp (BAC.N) dismissed 13 investment bankers in its industrials group and may cut more, Bloomberg reported on Tuesday, citing two peop...

Report: To Keep Their Jobs In PA Warehouse, Amazon Employees Work In Dizzying Heat

Posted 11.20.2011 | Business

Some workers at Amazon.com’s Allentown, Pennsylvania warehouse are reportedly willing to contend with working at a brutal pace in dizzying heat so l...

Let's Make A Deal: UAW Nears Vote On GM Contract

Posted 11.20.2011 | Business

About 48,500 General Motors Co workers at U.S. factories will begin considering the details of a proposed four-year contract on Tuesday that represent...

SEC Reportedly Probes Possible Insider Trading Before U.S. Downgrade

Posted 11.20.2011 | Business

Securities regulators have sent subpoenas to hedge funds and other trading firms as it probes possible insider trading before the U.S. government's lo...

Study: Drinking Beer At Home Cost Europe Hundreds Of Thousands Of Jobs

Posted 11.19.2011 | Business

European beer drinkers enjoying a cold one from the comfort of their couch, instead of at a barstool, could be hurting the economy, according to a rec...

Timothy Geithner: U.S. Tax Reform Necessary To Spur Investment

Posted 11.19.2011 | Business

WASHINGTON (Reuters) - Treasury Secretary Timothy Geithner said on Monday that comprehensive tax reform is necessary to make the United States a bette...

Large Share Of Americans Expect To Be Millionaires Within Next Decade

The Huffington Post | Jillian Berman | Posted 11.19.2011 | Business

A larger share of Americans say they'll be millionaires by 2020 than were millionaires in 2010, according to a new poll. Twenty percent of American...

Big Bank Surcharge Not 'Anti-American,' Top European Regulator Says

Posted 11.19.2011 | Business

FRANKFURT, Sept 19 (Reuters) - A proposed capital surcharge for big banks is not anti-American and will help reduce the risk of big bank failures, a t...

Moody's: Outlook For Local Governments Still Negative

Posted 11.19.2011 | Business

Even though the recession officially ended more than two years ago, the still-weak U.S. economy and a pullback in federal support means the outlook fo...