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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 46 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 49 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 Aug 20th - 11:41am
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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Stocks little changed after Fed minutes

Ken Sweet, Associated Press  |  posted 5 minutes ago
U.S. stocks were mixed in afternoon trading after minutes from the Federal Reserve's latest policy meeting showed there was a growing chorus of central bank officials willing to raise interest rates sooner rather than later. The reaction was more pronounced on the bond market, where prices fell and yields rose as investors prepared themselves for higher interest rates.
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Dubai's Nakheel to pay $2.1 billion in debt early

Aya Batrawy, Associated Press  |  posted 6 minutes ago
Dubai's developer Nakheel behind the famed man-made palm-shaped islands said Wednesday it is repaying 7.9 billion dirhams, or roughly $2.15 billion this month — nearly four years before the last installment is due.
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Reward offered for former billionaire's assets

Matt Volz, Associated Press  |  posted 6 minutes ago
The trustee representing Yellowstone Club creditors offered a reward Wednesday to anyone who can help uncover property or bank accounts the luxury resort's co-founder might have hidden from bankruptcy proceedings.
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US warns travelers of canceled Venezuela flights

Hannah Dreier, Jorge Rueda, Associated Press  |  posted 26 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 36 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 36 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 36 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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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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