Venture capitalists spend more cash
U.S. venture capitalists opened their wallets a bit wider in the last quarter of 2011 than a year ago, but they’re not quite as flush as their largesse would indicate. The industry invested some $6.57 …
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Stocks Rally 1%, but Lack of ‘Grand Bargain’ Means More Euro Stress
The euro zone has agreed to take a big leap forward in economic integration, but failed to deliver a convincing answer to worries about its ability to tackle threatening debt crises in Italy and Spain.
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Corzine’s fortune could invite more lawsuits
The millions that Jon Corzine amassed as head of Goldman Sachs have become an alluring target for investors who were crushed by the collapse of MF Global, the brokerage firm he led until earlier this month.And …
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Americans spending more with income almost flat
Americans are making a little more money and spending a lot more. Under normal circumstances, that would be a troubling sign for the economy. But a closer look at some new government figures suggests another possibility: People are saving less money because they’re earning next to nothing in interest.
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Google faces more government demands for user info
Google is dealing with more government demands to turn over information about its users as more people immerse themselves online.
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Some Fed officials sought more economic stimulus
[AP] – Some Federal Reserve officials pushed in August for a more aggressive response to the economy’s slowdown. They settled for a plan to keep rates near zero for another two years and a won agreement to discuss more options at an extended meeting in September.
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Irene losses already up to $1.1 billion, more to come
[Reuters] – Hurricane Irene caused as much as $1.1 billion in insured losses in the Caribbean, catastrophe modeling company AIR Worldwide said on Friday, with more expected to come as the storm heads for the U.S.
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Merck plans more job cuts; 2Q profit rises
[AP] – Merck & Co. plans to cut as many as 13,000 more jobs under a new round of restructuring as the drugmaker prepares for generic competition for its top-selling drug and slower revenue growth in the U.S. and Europe.
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Starbucks profit up on more visits
[Reuters] – Starbucks Corp raised its fiscal year forecast above analysts’ estimates after its relatively well-heeled customers visited more often and shook off price increases in the latest quarter.
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Consumers paid more for autos and clothes in June
[AP] – Consumer prices fell last month for the first time in a year because of a steep drop in gas costs. But Americans paid more for autos, clothes and hotel stays, driving prices outside of volatile food and energy costs up.
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