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Archive: (20 Stories)

Google argues for right to continue scanning Gmail

09/06/2013 4:48am
Attorneys suing Google say the firm violates privacy and takes personal property by electronically scanning the contents of people's Gmail accounts and then targeting ads to them.

US employers add 169K jobs, rate falls to 7.3 pct.

09/06/2013 6:43am
U.S. employers added 169,000 jobs in August and much fewer in July than previously thought. The slowdown in hiring could complicate the Federal Reserve's decision later this month on whether to slow its bond purchases.

American Tower to buy owner of about 5,400 towers

09/06/2013 7:22am
American Tower said Friday that it reached a deal to buy the parent company of Global Tower Partners, which owns about 5,400 cellular towers in the U.S., for about $3.3 billion.

Business owners launch African Chamber of Commerce of Utah

09/06/2013 9:17am
Utah businesses have a new point of contact for doing business in Africa — the newly launched non-profit African Chamber of Commerce of Utah.

China's yuan joins world's most traded currencies

09/06/2013 10:14am
China's yuan has joined the ranks of the most traded currencies for the first time, underlining the growing might of the country's economy, the world's second-largest.

Tracking Fed statements on slowing stimulus

09/06/2013 10:20am
It's a given on Wall Street that the Federal Reserve will slow and eventually stop its $85 billion-a-month bond purchase program, which is aimed at keeping interest rates low to encourage borrowing and hiring.

1 of 2 reactors at Md. nuclear plant shuts down

09/06/2013 10:37am
Constellation Energy Nuclear Group says it has shut down one of two nuclear reactors at its Calvert Cliffs power plant after a malfunction during testing.

Not all bond funds are created equal

09/06/2013 11:56am
It's not all doom and gloom for bond investors.

Why fewer working-age Americans are working

09/06/2013 12:08pm
The drop in the unemployment rate in August to a 4 1/2-year low was hardly cause for celebration. The rate fell because more people stopped looking for work.

Not all bond funds are created equal

09/06/2013 12:23pm
It's not all doom and gloom for bond investors.

Chobani says mold in yogurt does not carry disease

09/06/2013 12:34pm
Yogurt maker Chobani said Friday that the mold that triggered a recall of some of its Greek yogurt cups this week is not associated with foodborne illnesses like salmonella or E. coli.

News Summary: Australian gov't faces tax backlash

09/06/2013 1:44pm
AUSTRALIAN VOTE: A carbon tax on major polluters that has driven electricity rates higher will likely have a major impact on the outcome when Australian voters go to the polls for Parliamentary elections on Saturday.

News Summary: US auto prices hit record highs

09/06/2013 1:59pm
PRICE CREEP: Average selling prices for U.S. cars and trucks hit a record $31,252 in August, $1,000 higher than a year ago.

2 Fed officials offer differing views on bond buys

09/06/2013 2:16pm
Two voting members of the Federal Reserve panel that sets interest rates expressed differing views Friday over when the Fed should reduce its $85 billion a month in bond purchases.

News Summary: Stocks flat despite weak jobs report

09/06/2013 3:27pm
WEAK SUMMER: Employers added 169,000 jobs in August but the government revised down the number of jobs created in June and July. Combined, June, July and August amounted to the weakest three-month stretch of job growth in a year.

Car prices hit record as buyers load up on options

09/06/2013 3:56pm
Americans are paying record prices for new cars and trucks, and they have only themselves to blame.

Mulally says no plans to leave Ford early

09/06/2013 4:06pm
The chief executive of Ford Motor Co. says he has no plans to leave the company early after reports that he might be tipped to take a leading role at software maker Microsoft Corp.

FDA approves Celgene drug for pancreatic cancer

09/06/2013 5:07pm
Federal regulators have approved Celgene Inc.'s drug Abraxane to treat late-stage pancreatic cancer.

Bank of America to pay $39M in settlement

09/06/2013 5:24pm
Bank of America Corp. has agreed to pay $39 million to settle claims of gender bias by women in its Merrill Lynch brokerage division.