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The Justice Department's $17 billion settlement with Bank of America almost certainly will not cost the company that much.
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APNewsBreak: BofA reaches $17B settlement with US

Jeff Horwitz, Michael Virtanen, Associated Press  |  posted 20 minutes ago
Officials familiar with the deal say Bank of America has reached a record $17 billion settlement with federal and state authorities over its role in the sale of mortgage-backed securities in the run-up to the 2008 financial crisis.
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Target cuts outlook as breach fallout lingers

Anne D'innocenzio, Associated Press  |  posted 39 minutes ago
Target Corp. slashed its annual profit outlook for the second time in three months as the retailer reels from a massive customer-data breach, a botched Canadian expansion and sluggish U.S. sales.
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Paralysis rehabilitation clinic breaks ground to help growing need

Rachel Lewis, Contributor  |  posted 43 minutes ago
An innovative rehab clinic has bucked the traditional rehab business model to give patients a better life. The clinic was started by Dr. Dale Hull, a local doctor who started it after a trampoline accident left him a quadriplegic.
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Texas Gov. Perry formally enters not guilty plea

Paul J. Weber, Will Weissert, Associated Press  |  posted 59 minutes ago
Republican Texas Gov. Rick Perry has formally pleaded not guilty to criminal charges of leveraging his power to try to oust a Democratic district attorney convicted of drunken driving, according to court documents obtained Wednesday.
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Yellen to give her outlook as Fed honeymoon fades

Martin Crutsinger, Associated Press  |  posted Aug 20th - 11:10am
Janet Yellen has won credit for guiding the Federal Reserve's first six months of transition from the Ben Bernanke era. Bernanke's Fed had steered the economy through a deep crisis by slashing interest rates and restoring confidence in banks. Yellen has so far carried on his approach with barely a hiccup.
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US warns travelers of canceled Venezuela flights

Hannah Dreier, Jorge Rueda, Associated Press  |  posted 20 minutes ago
Come to Venezuela and you might get a longer trip than you bargained for.
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Chip maker Infineon to buy California firm for $3B

The Associated Press  |  posted 29 minutes ago
German chip maker Infineon Technologies AG says it has agreed to pay $3 billion in cash for California-based semiconductor firm International Rectifier, which produces power-management components used in everything from cars to satellites.
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Federal agency has questions about hospital deals

The Associated Press  |  posted 29 minutes ago
Gov. Bobby Jindal's revised financing plan for six LSU hospital privatization deals is running into questions from federal health officials who rejected a previous version.
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Some Fed officials favor reduced help for economy

Martin Crutsinger, Associated Press  |  posted 29 minutes ago
Some Federal Reserve officials think the economy is improving fast enough that the Fed will soon need to signal a change in the extraordinary support it's been providing the economy in the form of ultra-low interest rates.
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US stocks slightly higher ahead of Fed minutes

Ken Sweet, Associated Press  |  posted Aug 20th - 11:40am
U.S. stocks moved higher in early afternoon trading Wednesday as investors prepared for the release of minutes from the Federal Reserve's latest policy meeting.
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Reward offered for former billionaire's assets

Matt Volz, Associated Press  |  posted Aug 20th - 11:40am
The trustee representing Montana's Yellowstone Club creditors is offering a reward to anyone who can help uncover assets the luxury resort's co-founder might have hidden from bankruptcy proceedings.
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Argentina to pay creditors, avoid US courts

Almudena Callatrava, Associated Press  |  posted Aug 20th - 11:31am
Argentina will make its next round of scheduled debt payments, the economy minister said Wednesday as he defended a new plan to pay creditors locally and avoid the jurisdiction of a U.S. court that forced the country into default last month.
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Brine hauler sues over biblical fracking billboard

Julie Carr Smyth, Associated Press  |  posted Aug 20th - 11:23am
An Ohio man who uses a biblical reference and a statement against "poisoned waters" on billboards opposing a local deep-injection gas well is fighting a legal threat from the Texas well owner on free-speech grounds.
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B&N, Samsung unveil reading-focused Nook tablet

Mae Anderson, Associated Press  |  posted Aug 20th - 11:10am
Barnes & Noble and Samsung unveiled a new reading-focused tablet that will replace the bookseller's own Nook tablets.
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Warren Buffett's firm to pay $896,000 penalty

The Associated Press  |  posted Aug 20th - 10:51am
Warren Buffett's company has agreed to an $896,000 penalty for failing to tell regulators about a December 2013 investment in wallboard maker USG Corp.
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