business
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submitted by Robby for team staff news 3 minutes ago
NEW YORK (Reuters) - New York lawmakers announced a deal on Wednesday to privatize utility operations on Long Island and revamp the Long Island Power Authority, a state-owned New York utility company that was criticized for its response during last year's Superstorm Sandy.
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submitted by Robby for team staff news 3 minutes ago
Laszlo Bock, senior vice president of people operations at Google, says some data is essentially worthless in assessing job candidates: G.P.A.’s, for instance, and test scores.
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submitted by Gretchen Wright 226 weeks 2 days 22 hours 9 minutes ago
Lawmakers continued struggling to pass a budget this afternoon after working nearly around the clock to end a three-month impasse that has brought California to the brink of fiscal collapse.
An all-night legislative session failed to yield enough Republican votes for the spending plan, as GOP legislators...(more)
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submitted by Robby for team staff news 1 hour 3 minutes ago
(Reuters) - SandRidge Energy Inc's board of directors removed the energy company's founder and chief executive, Tom Ward, on Wednesday after a months-long struggle with activist investors who accused him of strategic mistakes and self-dealing at the expense of shareholders.
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submitted by Robby for team staff news 1 hour 3 minutes ago
WASHINGTON (AP) -- The Federal Reserve has taken many unprecedented steps in the past four years to try to boost the U.S. economy and counter the effects of a financial crisis that triggered a painful recession. It has kept the short-term interest rate it controls at...(more)
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submitted by Robby for team staff news 2 hours 3 minutes ago
WASHINGTON (Reuters) - Forcing a combined American Airlines and US Airways Group to surrender slots at Reagan National Airport would risk fewer flights to small and medium-sized cities, US Airways CEO Doug Parker told lawmakers on Wednesday.
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submitted by Robby for team staff news 2 hours 3 minutes ago
(Reuters) - Ally Financial Inc's proposed $2.1 billion agreement reached last month with creditors of its bankrupt Residential Capital LLC subsidiary cleared a key court deadline with only one vigorous objection, though several warning shots were fired.
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submitted by Robby for team staff news 3 hours 3 minutes ago
(Reuters) - SandRidge Energy Inc's board of directors on Wednesday said Chief Executive Officer Tom Ward will be replaced by company president James Bennett, citing a need for new leadership at the U.S. oil and gas company.
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submitted by Robby for team staff news 3 hours 3 minutes ago
NEW YORK (Reuters) - Stocks fell more than 1 percent on Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank would start to reduce its stimulus measures later this year if the economy is strong enough.
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submitted by Collin Frost for team Bicyclism 258 weeks 1 day 9 hours 20 minutes ago
High gasoline prices are fueling bicycle sales, and on some days Michael Hall's blood pressure.
At least three times a week, Hall pedals to his job in Hollywood from his home in northern Glendale, a 25-mile round-trip commute that is faster on two wheels than four.
"It's definitely...(more)
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submitted by Robby for team staff news 4 hours 3 minutes ago
NEW YORK (AP) -- Stocks are closing sharply lower and bond yields are rising after Fed Chairman Ben Bernanke said the central bank could slow its massive bond purchases this year....
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submitted by Robby for team staff news 5 hours 3 minutes ago
A statement by the Fed’s policy committee and a news conference by Ben S. Bernanke could provide clues about when the central bank might curtail its stimulus programs.
