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JPMorgan Aims To Make Amends With Military Clients

AP | Posted 05.25.2011 | Business

NEW YORK — JPMorgan Chase & Co. on Tuesday announced new programs geared toward military customers and veterans, and apologized for overcharging...

Food Prices Push 44 Million Into Poverty: World Bank

Posted 05.25.2011 | Business

WASHINGTON -- Rising global food prices has pushed an estimated 44 million more people into extreme poverty in developing countries over the past eig...

Home Depot To Add More Than 60,000 Seasonal Jobs

AP | Posted 05.26.2011 | Business

ATLANTA — Home Depot Inc. will hire more than 60,000 seasonal workers to help with its busy spring season. The world's biggest home improvement...

NYSE Staying New York, Despite German Deal

Posted 05.25.2011 | Business

FRANKFURT/NEW YORK (By Harro ten Wolde and Jonathan Spicer) - Deutsche Boerse and NYSE Euronext announced the creation of the world's largest exchang...

Obama's Wackiest Budget Cuts

CNN Money | Charles Riley | Posted 05.25.2011 | Business

NEW YORK (CNN Money) -- The funding grants nobody wants. The "mobile" policing unit that doesn't get around much. How about the big fancy telescope th...

Signs Of Trouble As G-20 Ministers Prepare To Meet

The New York Times | Liz Alderman | Posted 05.25.2011 | Business

PARIS -- As the center of gravity in the global economy swings further toward China and other emerging markets, developed economies still recovering f...

Hedge Funds Are Buying More Muni Bonds

CNBC | Kate Kelly | Posted 05.25.2011 | Business

A spike in yields and a desire to diversify portfolios is prompting some unusual investors to jump into the municipal bond market, say traders and ana...

GM Hourly Workers Get $4,000 Bonuses

AP | TOM KRISHER | Posted 05.25.2011 | Business

DETROIT — Less than two years after entering bankruptcy, General Motors will extend millions of dollars in bonuses to most of its 48,000 hourly ...

Future Proofing the Boardroom: Grounding and Stargazing

Lucy P. Marcus | Posted 05.25.2011 | Business
Lucy P. Marcus

The role of modern corporate boards is the juxtaposition of grounding and stargazing. Grounding is about making sure that the company fulfills all o...

Top Government Watchdog Stepping Down

AP | DANIEL WAGNER | Posted 05.25.2011 | Business

WASHINGTON — The government's top watchdog over the $700 billion financial bailout said Monday that he will step down next month, after leading ...

William Alden

Federal Budget Proposal Reflects Record-Low Tax Revenue

HuffingtonPost.com | William Alden | Posted 05.25.2011 | Business

As President Barack Obama unveils his plan for the coming year's federal budget, he confronts a revenue stream that is the weakest its been in decades...

Small Business Programs On Chopping Block In 2012 Budget

CNN Money | Catherine Clifford | Posted 05.25.2011 | Business

Like the rest of the federal government, the Small Business Administration is going to get the squeeze in 2012, according to President Obama's budget ...

Goldman Sachs Former Chief Whitehead Says NYSE Deal 'An Insult'

Bloomberg | Max Abelson | Posted 05.25.2011 | Business

John C. Whitehead isn't celebrating the 219-year-old New York Stock Exchange's plan to be acquired by Germany's 18-year-old Deutsche Boerse AG. ...

Felix Salmon: Wall Street's Dead End

The New York Times | Felix Salmon | Posted 05.25.2011 | Business

THE stock market has been big news in recent days. Last week's report that Deutsche Börse, a giant German exchange, intends to buy the New York Stock...

Japan Falls Behind China As World's Number 2 Economy

Posted 05.25.2011 | Business

TOKYO (By Tetsushi Kajimoto and Leika Kihara) - Japan's economy shrank slightly in the final quarter of 2010 but analysts expect a recovery this year...

Consumer Sentiment Hits 8-Month High

Posted 05.25.2011 | Business

NEW YORK (By Leah Schnurr) - U.S. consumer sentiment rose to an eight-month high in early February, boosted by recent tax cuts and optimism about the...

Mubarak Resignation Cheered By World Markets

AP | CARLO PIOVANO | Posted 05.25.2011 | Business

LONDON — Egyptian President Hosni Mubarak's decision to hand power to the military boosted stocks around the world on Friday as hopes grew for a...

Hedge Fund Shut Down After Federal Raid

Posted 05.25.2011 | Business

NEW YORK (By Emily Chasan) - Level Global Investors, one of four hedge funds raided by U.S. authorities last November in a broad investigation into i...

Drugs, Guns and Gold: The Criminal Scourge of the Developing World

Raymond Baker | Posted 05.25.2011 | Business
Raymond Baker

Mubarak's fortune points to a story behind the story. It is yet another example of the ease with which corrupt, criminal, and commercially tax-evading money can be hidden.

Why The '100 Best Companies' To Work For List Is Useless: 24/7 Wall Street

24/7 Wall Street | Posted 05.25.2011 | Business

Anyone who enters one of the 77 high-end supermarkets owned by Wegmans Food Markets Inc. throughout the Northeast or clicks on the website of the Roc...

Grading GE's CEO: The Verdict Isn't Good

CNN Money | Posted 05.25.2011 | Business

When the business world woke up on Jan. 21 and heard about the White House's overnight announcement -- that General Electric CEO Jeffrey Immelt would ...

'Too Big To Fail' Will Never End, Buffett Says

The Huffington Post | William Alden | Posted 05.25.2011 | Business

No matter what the government does, taxpayer bailouts of the financial sector will sometimes be necessary, according to the nation's second richest ma...

Trade Gap Widens In Dec, Swells 33 Pct In 2010

Posted 05.25.2011 | Business

WASHINGTON (Reuters) - The U.S. trade deficit widened in December to its highest level in four months, the U.S. government said on Friday in a report...

Fed Official: U.S. Can't Grow Out Of Debt Problems

Posted 05.25.2011 | Business

(Reuters) The Federal Reserve's monetary stimulus plan can play a role in bringing down unemployment, even if the country's jobless rate is unlikely ...

FOR SALE

Posted 05.25.2011 | Business

* Company could fetch more than $300 mln - WSJ * Icahn a leading contender to buy, paper says (Adds details) NEW YORK Feb 10 (Reuters) - Blockbuste...