AP - It was a blue Christmas for Hasbro. The No. 2 toy maker said Monday that its fourth-quarter profit slipped 1 percent, pinched by softer-than-expected demand in the U.S. and Canada and slow sales of games and puzzles during the key holiday season.
Business (100 unread)
Yahoo! News: Business
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Hasbro 4Q net income down 1 percent (AP)
Posted: February 6th, 2012, 10:36am EST
Tags: [edit]
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Wall Street falls as Greece concerns weigh again (Reuters)
Posted: February 6th, 2012, 10:23am EST
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Reuters - Stock fell on Monday after a five-week rally on concerns Greece may be unable to avoid a chaotic default as it struggles to reach terms on a new bailout package.
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Fidelity Nat'l to buy O'Charley's restaurant chain (AP)
Posted: February 6th, 2012, 10:20am EST
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AP - A title insurance and mortgage services company that already owns a stake in the Bakers Square restaurant chain is buying the restaurant operator O'Charley's Inc., the companies announced Monday. -
Greeks delay bailout talks as Merkel demands action (Reuters)
Posted: February 6th, 2012, 10:11am EST
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Reuters - German Chancellor Angela Merkel told Greece on Monday to make up its mind fast on accepting the painful terms for a new EU/IMF bailout, but the country's political leaders responded by delaying their decision for yet another day.
NYT > Business
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Robert B. Cohen Dies at 85; Founded the Hudson News Chain
Posted: February 6th, 2012, 10:10am EST by By DENNIS HEVESI
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Mr. Cohen was president of the Hudson County News Company, a newspaper distributorship, when it went into the retail field in the mid-1970s by taking over a newsstand at the Newark airport.
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Advertising: Super Bowl Commercials, From Charming to Smarmy
Posted: February 6th, 2012, 10:10am EST by By STUART ELLIOTT
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A that brought back its chimps dressed as humans.Risk-taking, rule-breaking ideas were as hard to find among the more than 50 Super Bowl commercials as good taste in a GoDaddy ad.
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NBC Spends Millions on the Buildup to ‘Smash’
Posted: February 6th, 2012, 10:07am EST by By BILL CARTER
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Estimates are that NBC has spent as much as $25 million promoting “Smash,” a new series that the network hopes will be the hit it desperately needs.
Yahoo! News: Business
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Chrysler's "Halftime" ad: a roadmap for America? (Reuters)
Posted: February 6th, 2012, 10:07am EST
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Reuters - Is what is good for Chrysler good for America?
NYT > Business
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Cancer Center, in Suit, Claims Ex-Official Took Research
Posted: February 6th, 2012, 10:03am EST by By ANDREW POLLACK
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The president of Memorial Sloan-Kettering Cancer Center, Dr. Craig B. Thompson, is in a billion-dollar dispute with his former workplace over accusations that he walked away with research.
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Daily Stock Market Activity
Posted: February 6th, 2012, 10:03am EST by By THE ASSOCIATED PRESS
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Declines in early trading on Monday followed big gains on Friday on the heels of good employment figures in the United States.
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Economix Blog: Marriage Is for Rich People
Posted: February 6th, 2012, 10:00am EST by By CATHERINE RAMPELL
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Dwindling marriage rates are concentrated among the poor -- the very people whose living standards would be most improved by having a second household income.
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After a Year, The Daily Tablet Paper Struggles
Posted: February 6th, 2012, 9:58am EST by By AMY CHOZICK
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The Daily has struggled to break into the national conversation or to drive news and build on its brand the way traditional outlets do.
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$800 Million Chinese Fund to Back Film Projects
Posted: February 6th, 2012, 9:50am EST by By MICHAEL CIEPLY
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Sun Media Group is joining Harvest Fund Management to create Harvest Seven Stars Media Private Equity, which will back entertainment ventures in China and abroad.
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Facebook’s Mobility Challenge
Posted: February 6th, 2012, 9:47am EST by By JENNA WORTHAM
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Although more than half of its 845 million members log into Facebook on a mobile device, the company has not yet found a way to make real money from that use.
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Print News Organizations Plunge Into Live Video
Posted: February 6th, 2012, 9:42am EST by By BRIAN STELTER
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Web sites, newspapers and other news organizations are gearing up to produce hours of video programming, in part to pursue the higher revenues available from video ads.
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The Media Equation: At BuzzFeed, the Significant and the Silly
Posted: February 6th, 2012, 9:40am EST by By DAVID CARR
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The Web site is trying for pollination: providing the kind of content that will have visitors passing along links from one person to the next, that will in turn bring them around to BuzzFeed.
Yahoo! News: Business
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Greek coalition partners talks postponed for a day (AP)
Posted: February 6th, 2012, 9:28am EST
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AP - Crucial austerity talks set for late Monday between Greece's coalition party leaders are due to be pushed back for a day, the Prime Minister's office said, despite strong pressure from the European Union for a speedy agreement so that the country can avoid a default on its debt.
NYT > Business
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E.U. Rebuffs China's Challenge to Pollution Plan
Posted: February 6th, 2012, 9:23am EST by By JAMES KANTER
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The system, which requires airlines to account for all of their emissions on flights that land at, or take off from, European airports, represents the Union's boldest move to date to protect the climate.
Yahoo! News: Business
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Boeing to correct 787 Dreamliner fuselage issue (Reuters)
Posted: February 6th, 2012, 9:22am EST
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Reuters - Boeing has discovered a problem related to the aft fuselage of its 787 Dreamliner planes and is making repairs that will not affect production of the aircraft, the company said in an emailed statement on Sunday.
NYT > Business
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DealBook: Lazard's Profit Plummeted in Fourth Quarter
Posted: February 6th, 2012, 9:13am EST by By MICHAEL J. DE LA MERCED and AZAM AHMED
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Lazard, the boutique investment bank, said on Monday that fourth-quarter earnings dropped 99 percent, as its core deal-making businesses took a hit.
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DealBook: Blankfein to Speak Out for Same-Sex Marriage
Posted: February 6th, 2012, 8:43am EST by By SUSANNE CRAIG
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The Human Rights Campaign has recruited Lloyd Blankfein of Goldman Sachs to be its first national corporate spokesman for same-sex marriage.
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A New Question of Internet Freedom
Posted: February 6th, 2012, 8:40am EST by By DAVID JOLLY
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European activists are hoping to stop the international Anti-Counterfeiting Trade Agreement, which they say will erode Internet freedom and stifle innovation.
Yahoo! News: Business
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France, Germany want account for Greek debt funds (AP)
Posted: February 6th, 2012, 8:32am EST
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AP - France and Germany called Monday for the creation of a special account to ensure that billions of euros in bailout money for Greece goes directly to paying down debt, just as Greek politicians struggle to agree a fresh austerity plan that is being pushed for by international creditors.
NYT > Business
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Greece Agrees to Harsh New Spending Cuts
Posted: February 6th, 2012, 8:00am EST by By RACHEL DONADIO and NIKI KITSANTONIS
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The interim government agreed to cut spending this year by 1.5 percent of Greece’s gross domestic product, but members have yet to agree on details of austerity measures.
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Markets Wary as Greek Talks Drag
Posted: February 6th, 2012, 7:30am EST by By THE ASSOCIATED PRESS
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Markets were in a jittery mood on Monday as talks dragged on between Greek political leaders over a fresh austerity package that is required if the debt-ridden country is to get a crucial bailout package.
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Making Over the Mall With Parks and Sermons
Posted: February 6th, 2012, 7:29am EST by By STEPHANIE CLIFFORD
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After decades of decline, malls across the country are being redeveloped by communities and planners trying to forge new gathering places out of vast lots with empty buildings.
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Mortgage Relief Plan Is Closer to Winning Support of California
Posted: February 6th, 2012, 7:24am EST by By SHAILA DEWAN and NELSON D. SCHWARTZ
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Potential support from California and New York would come in exchange for tightening provisions in order to preserve the right to investigate past misdeeds by the banks, and stepping up oversight.
Yahoo! News: Business
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China growth could halve if Europe crisis worsens: IMF (Reuters)
Posted: February 6th, 2012, 7:19am EST
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Reuters - China's annual economic growth could be cut nearly in half this year if Europe's debt crisis tips the world economy into a recession, putting pressure on Beijing to unveil "significant" fiscal stimulus, the International Monetary Fund said.
washingtonpost.com - Business
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Wonkbook: Obama's fresh lead remains vulnerable to Europe's woes
Posted: February 6th, 2012, 6:32am EST by Ezra Klein
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The latest Washington Post/ABC News poll shows President Obama's approval rating has risen to 50 percent and he's opened up a six-point lead against Mitt Romney. In part, that's because the primary is hurting Romney. A majority of Americans who are closely following the campaign say they disapprove of what they're hearing among the Republicans, and by 2 to 1, Americans say that the more they learn about Romney, the less they like him. But in part, that's because a rebounding economy is helping Obama. Which is why all eyes in the West Wing will be on Greece this week, where a deal that could keep Europe stable and the recovery going is in danger of falling apart.
Read full article >>
NYT > Business
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Economix Blog: Nancy Folbre: Saluting Teamwork
Posted: February 6th, 2012, 6:00am EST by By NANCY FOLBRE
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Military leaders want their troops to be committed to one another and their mission rather than going after individual rewards -- and maybe there's a lesson in that for the rest of us, an economist writes.
Yahoo! News: Business
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Chevron rig burns off Nigeria as damage hits shore (AP)
Posted: February 6th, 2012, 5:53am EST
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AP - As a fire at a Chevron Corp. gas rig off Nigeria's coast continues to burn, locals say they're seeing signs of its effects on the environment and the health of those living nearby. -
Police raids highlight Italy's fight against tax evasion (Reuters)
Posted: February 6th, 2012, 3:10am EST
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Reuters - The two-man workshop close to the Vatican had been busy when tax police raided it last week, seizing about a million religious articles and souvenirs ranging from rosaries to images of Pope John Paul II.
NYT > Business
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Economic Reports for the Week of Feb. 6
Posted: February 6th, 2012, 2:00am EST
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Governments reports will include wholesale trade inventories and the trade deficit for December; companies reporting earnings will include Coca-Cola, Toyota Motor, Disney and Groupon.
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Treasury Auctions Set for This Week
Posted: February 6th, 2012, 1:53am EST
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The following tax-exempt fixed-income issues are scheduled for pricing this week.
Yahoo! News: Business
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Insight: Two firms flourish in frenzied MF Global aftermath (Reuters)
Posted: February 6th, 2012, 1:14am EST
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Reuters - The mad rush to move client money out of MF Global Inc. after its collapse left two firms with the bulk of customer accounts, while other brokerages emerged with only minor gains from the chaos of carving up a multibillion-dollar business.
NYT > Business
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Media Decoder: Streaming Music at Spin
Posted: February 5th, 2012, 10:28pm EST by By TANZINA VEGA
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An overhaul for Spin.com includes plans for a streaming music player, nine new blogs and Web-only content like news and album reviews.
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Media Decoder: Now, a Trailer for a Magazine Article
Posted: February 5th, 2012, 10:28pm EST by By BRIAN STELTER
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The videos were conceived by Esquire magazine to promote an article in the March issue about the mass killing of exotic animals last fall in Zanesville, Ohio.
washingtonpost.com - Business
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For some black women, economy and willingness to aid family strains finances
Posted: February 5th, 2012, 9:19pm EST by Ylan Q. Mui, Chris L. Jenkins
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The Great Recession carried special pain for black women like Jane Ladson.
She had always been the one her family turned to when they needed help, and she didn’t hesitate to give it. She helped pay for weddings and rent. She made room for her nephew when her brother died of AIDS. And even now in her 50s, she took in a baby that wasn’t her own.
Read full article >>
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U.S. deals favoring blind draw scrutiny as rivals struggle
Posted: February 5th, 2012, 8:54pm EST by David Lerman, Nick Taborek
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Angela Meredith, who is legally blind, says she owes her job to a U.S. government program that reserves contracts for disabled workers.
“I wouldn’t be able to find work anywhere else,” said Meredith, 58, who earns $7.75 an hour making army uniforms at a factory near Baltimore, under a much-praised initiative started in 1938 by President Franklin D. Roosevelt.
Read full article >>
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Government contractors preserve profit through cost-cutting
Posted: February 5th, 2012, 8:22pm EST by Marjorie Censer
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Recent earnings reports show that many government contractors have been able to maintain their profits through cost-cutting despite declining or flattening sales, but analysts are questioning how long companies can keep that up.
Read full article >>
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Expats lured by Brazil’s booming economy
Posted: February 5th, 2012, 7:38pm EST by Juan Forero
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SAO PAULO, Brazil — It just made sense to be in South America’s economic heart, Jonathan Rosenthal reasoned, no matter that he had been working on Wall Street with some of the investment world’s most heady firms.
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Yahoo! News: Business
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Europe's shadow darkens outlook (Reuters)
Posted: February 5th, 2012, 3:35pm EST
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Reuters - A renewed focus on Europe's banking and debt crisis may quickly sap the nascent optimism about global economic prospects that followed a remarkably solid U.S. January employment report.
washingtonpost.com - Business
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For business schools, entrepreneurship is a bridge to other parts of campus
Posted: February 5th, 2012, 3:08pm EST by Steven Overly
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Dean David Thomas, who took the helm of Georgetown University’s school of business in August, has been making the rounds lately pitching prospective donors on a plan to raise $50,000 for what he describes as a university “seed fund.”
Read full article >>
NYT > Business
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Disruptions: Disruptions: Facebook Users Ask, 'Where's Our Cut?'
Posted: February 5th, 2012, 2:07pm EST by By NICK BILTON
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Without the free content created by its 850 million users, Facebook would surely not be on the verge of a multibillion-dollar initial public offering.
Yahoo! News: Business
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With sparse data, focus returns to Europe (Reuters)
Posted: February 5th, 2012, 12:24pm EST
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Reuters - Europe will again be at the center of investors' focus this week as the U.S. earnings season passes the halfway mark and there is little on the economic calendar to give the market direction. -
ET, the new alien scaring global markets (Reuters)
Posted: February 5th, 2012, 10:27am EST
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Reuters - The United States is coming to be seen as a global threat, acting unilaterally with aggressive new market rules that critics say will hurt U.S. firms, foreign banks, and international markets in one swoop. -
Glencore, Xstrata hammering out final deal details (Reuters)
Posted: February 5th, 2012, 10:02am EST
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Reuters - Top executives at trader Glencore and miner Xstrata are hammering out the final details of an $80 billion tie-up to seal the industry's largest ever takeover, which could be announced as early as Tuesday. -
Nigeria oil line on fire; militants claim attack (AP)
Posted: February 5th, 2012, 9:52am EST
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AP - An Eni SpA oil pipeline ruptured and caught fire as a militant group claimed responsibility for an attack in the region, their first alleged assault in months as its purported leader awaits trial on terrorism charges in South Africa.
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Euro zone insists no Greek rescue without reforms (Reuters)
Posted: February 5th, 2012, 9:15am EST
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Reuters - Euro zone finance ministers told Greece it could not go ahead with an agreed deal to restructure privately held debt until it guaranteed to implement reforms to secure a second financing package from the euro zone and the IMF. -
Iran raid likely to drag in U.S. and hurt global economy (Reuters)
Posted: February 5th, 2012, 4:43am EST
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Reuters - An Israeli raid on Iran's nuclear facilities would deliver a painful shock to the global economy, revive flagging Islamist militancy and possibly drag the United States into a regional war whether it backed its ally's attack or not. -
Wen says China has stake in helping Europe (Reuters)
Posted: February 5th, 2012, 4:01am EST
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Reuters - China has a stake in helping euro zone countries get through their debt crisis, Chinese Premier Wen Jiabao said in comments published on Sunday, pointing to Europe's importance as a market and hinting at more possible support for beleaguered exporters.
NYT > Business
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Fair Game: An Investment Wipeout That Didn’t Have to Happen
Posted: February 5th, 2012, 1:05am EST by By GRETCHEN MORGENSON
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An investor won an arbitration case over money lost in a complex security. But he’s still angry at financial institutions.
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Off the Shelf: ‘Strings Attached’ Looks at Incentives and Ethics — Review
Posted: February 5th, 2012, 1:05am EST by By NANCY F. KOEHN
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Everywhere we turn, we’re being offered incentives to act a certain way. A new book ponders the ethical issues of the incentive culture.
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Letters: Letters: Something Lost, and Gained
Posted: February 5th, 2012, 12:30am EST
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A reader responds to “Higher Taxes Help the Wealthy, Too” (Economic View, Jan. 29).
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Editorial | State of Play: Perpetual War: Digital Pirates and Creators
Posted: February 4th, 2012, 10:59pm EST by By EDUARDO PORTER
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Stopping digital piracy, which is growing by leaps and bounds, is about protecting creativity — and jobs.
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Preoccupations: Disabilities Can Be Workplace Assets
Posted: February 4th, 2012, 10:30pm EST by By PEGGY KLAUS
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In the job market, people with disabilities bring vast experience in coping and adapting — qualities that help them become valuable employees.
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Economic View: Do Manufacturers Need Special Treatment? - Economic View
Posted: February 4th, 2012, 10:22pm EST by By CHRISTINA D. ROMER
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Government manufacturing policies must go beyond the belief that it’s better to produce “real things” than services. People value health care and haircuts as much as washing machines and hair dryers.
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Corner Office | Amy Astley: Amy Astley of Teen Vogue, on Valuing a Work Ethic
Posted: February 4th, 2012, 10:20pm EST by By ADAM BRYANT
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Amy Astley of Teen Vogue says that in hiring, she wants to get a sense of applicants’ work ethic — and whether they can think in an entrepreneurial way.
washingtonpost.com - Business
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Gene B. Sperling: Obama’s jobs creator
Posted: February 4th, 2012, 9:44pm EST by Zachary A. Goldfarb
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Just before 1:30 p.m. Aug. 3, a frustrated President Obama gathered Gene B. Sperling and the economic team in the White House and told them to design a jobs package he could offer the American public.
Obama had spent much of the year locked in negotiations with Republicans over the national debt, with little to show for the effort but a sagging approval rating. He had wanted to argue publicly for ideas to create jobs, but hesitated in the midst of negotiations. Liberal critics reprised a familiar critique of the Obama White House: that it too often bows to political constraints and forfeits what’s right for what’s possible or easy.
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NYT > Business
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Editorial: An Easier Path to Refinancing
Posted: February 4th, 2012, 9:37pm EST
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President Obama’s new mortgage refinancing plan could provide considerable relief for millions of homeowners shackled to high interest rates, if Congress approves it.
Yahoo! News: Business
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Micron appoints Durcan CEO after Appleton's death (Reuters)
Posted: February 4th, 2012, 9:16pm EST
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Reuters - Memory chipmaker Micron Technology's board appointed company veteran Mark Durcan as chief executive a day after longtime Chairman and CEO Steve Appleton was killed in a plane crash.
washingtonpost.com - Business
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Susan G. Komen foundation takes steps to rebuild trust after PR fiasco
Posted: February 4th, 2012, 8:45pm EST by Lena H. Sun, Sarah Kliff
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The nation’s leading breast cancer advocacy group has gone into full damage-control mode.
Executives of the embattled Susan G. Komen for the Cure foundation held conference calls with affiliates Saturday to discuss a new strategy for working with supporters, a first step in rebuilding trust after last week’s public relations fiasco surrounding Komen’s off-then-on-again decision to fund Planned Parenthood.
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NYT > Business
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The Boss: Berner International’s Chief Found Consolation Via Work
Posted: February 4th, 2012, 8:33pm EST by By GEORGIA BERNER
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After her first husband died in a plane crash, the writer stepped in to run his company. “Focusing on the job,” she says, “was a lifesaver for me.”
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Letters: Letters: The Bookstore’s Place in an Electronic Future
Posted: February 4th, 2012, 8:30pm EST
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Readers respond to “The Bookstore’s Last Stand” (Jan. 29).
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Strategies: I.P.O. Euphoria, Without Much Memory — Strategies
Posted: February 4th, 2012, 8:23pm EST by By JEFF SOMMER
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Amid the Wall Street excitement over Facebook’s planned initial public offering, it may be a good time to take a look at I.P.O. history.
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Slipstream: Employers and Brands Use Gaming to Gauge Engagement
Posted: February 4th, 2012, 8:20pm EST by By NATASHA SINGER
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More companies are turning to gamification — offering games that let their customers win points for certain activities — as a way to build both loyalty and a trove of data.
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Digital Domain: On HealthTap, Advice for You and Points for Doctors
Posted: February 4th, 2012, 8:20pm EST by By RANDALL STROSS
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On HealthTap, an interactive Web site, users can ask for medical advice, and doctors can gain whimsical “awards” for their answers.
washingtonpost.com - Business
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Gingrich campaign paid off some debts, still owes $600,000
Posted: February 4th, 2012, 7:58pm EST by Carol D. Leonnig
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Newt Gingrich’s campaign remains roughly $600,000 in debt, two months after it reported deep debts and a long list of creditors, newly released campaign spending records show.
Fundraising by the former House speaker’s campaign has stepped up markedly since then and Gingrich just last month cut by half the $1.2 million owed in October 2010. Still, several outstanding creditors remain.
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Yahoo! News: Business
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Clock ticks on Greece's bailout deadline (Reuters)
Posted: February 4th, 2012, 7:56pm EST
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Reuters - Greece's prime minister scrambled Sunday to convince lenders and politicians to sign off on a 130 billion euro rescue, after his finance minister said just hours remained to clinch a deal to avoid a messy default. -
Blast hits Egypt's gas pipeline to Israel (Reuters)
Posted: February 4th, 2012, 7:40pm EST
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Reuters - An explosion hit a gas pipeline running from Egypt to Israel Sunday, witnesses and state television reported.
washingtonpost.com - Business
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David Choe, the art world’s soon-to-be Facebook millionaire
Posted: February 4th, 2012, 6:49pm EST by Maura Judkis
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One of the most interesting stories to come out of the Facebook IPO windfall is that of David Choe, the scrappy street artist who was given the choice of cash or stock for the murals he created in the company’s first headquarters.
Read full article >>
Yahoo! News: Business
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Euro zone loses patience with Greece (Reuters)
Posted: February 4th, 2012, 6:38pm EST
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Reuters - Euro zone finance ministers told Greece on Saturday it could not go ahead with an agreed deal to restructure privately-held debt until it guaranteed it would implement reforms needed to secure a second financing package from the euro zone and the IMF.
washingtonpost.com - Business
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Tax tips for the 99%
Posted: February 4th, 2012, 6:08pm EST by Kevin McCormally
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While the punditocracy dives into the details and debates the vices and virtues of Mitt Romney’s and Newt Gingrich’s 2010 tax returns, we found a gold mine in tax savings for ordinary folks who will never need a Swiss bank account.
Read full article >>
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Mitt Romney strategy could help maximize charitable tax deductions
Posted: February 4th, 2012, 6:04pm EST by Margaret Collins
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Taxpayers looking to maximize their charitable deductions and save on taxes can replicate a strategy Republican presidential candidate Mitt Romney uses.
By donating stock to a foundation, Romney and his wife, Ann, eliminated taxes on gains, received a deduction for the securities’ full market value and can donate the money to charities over several years, said Steven Bankler, a certified public accountant. Individuals can achieve similar results with a donor-advised fund for a “whole lot cheaper,” he said.
Read full article >>
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Posted: February 4th, 2012, 6:04pm EST
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Yahoo! News: Business
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Eurogroup's Juncker warns of possible Greece default (Reuters)
Posted: February 4th, 2012, 5:58pm EST
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Reuters - The possibility of a sovereign default by Greece cannot be ruled out, Jean-Claude Juncker, head of the Eurogroup of finance ministers from the single currency zone, said in a German magazine on Saturday.
washingtonpost.com - Business
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Case in Point: How process improvement principles can save time in your day
Posted: February 4th, 2012, 5:53pm EST by Elliott Weiss, Rebecca Goldberg
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The big idea: How can executives (or anyone) use what we know about process improvement to make their lives better — as well as improve the lives of everyone with whom they interact? Todd Pearson’s productivity transformation in his home, personal and work life is one in a series of Living Lean vignettes describing the holistic, real-world application of continuous process improvement principles.
Read full article >>
Yahoo! News: Business
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GM says most US dealers agree to upgrades (AP)
Posted: February 4th, 2012, 3:56pm EST
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AP - General Motors Co. said Saturday that most of its 4,400 U.S. dealers have agreed to upgrade their showrooms over the next four years. -
Greece says faces 24-hour deadline to clinch rescue (Reuters)
Posted: February 4th, 2012, 3:42pm EST
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Reuters - Greece has just one day left to strike a deal with impatient lenders and reluctant political party leaders on a 130 billion rescue plan before the country is pushed towards a chaotic default, its finance minister warned on Saturday.
NYT > Business
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Mortgage Tornado Warning, Unheeded
Posted: February 4th, 2012, 3:00pm EST by By GRETCHEN MORGENSON
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Inspired by a personal experience, a businessman began delving into the practices of the mortgage industry, including Fannie Mae. His findings have been prescient.
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Sheryl Sandberg of Facebook, Staying on Message
Posted: February 4th, 2012, 2:56pm EST by By NICOLE PERLROTH and CLAIRE CAIN MILLER
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Sheryl Sandberg, Facebook’s No. 2 executive, considers herself a role model for women. But her call isn’t simply about mentoring and empowering; it’s also a business strategy.
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Greek Official Says Barriers Remain in Talks With Creditors
Posted: February 4th, 2012, 2:46pm EST by By NIKI KITSANTONIS
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The Greek finance minister said that debt talks on a second rescue deal were “on a razor’s edge,” with major issues unresolved ahead of a crucial deadline on Sunday.
Yahoo! News: Business
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Clinton: US, Europe must do more against tyrants (AP)
Posted: February 4th, 2012, 10:57am EST
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AP - The Obama administration on Saturday called for stepped up U.S.-European cooperation to isolate tyrannies like the Assad regime in Syria, promote democracy in the Arab World and beyond and repair damage from the global financial crisis.
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Russia admits brief cut of gas supplies to Europe (AP)
Posted: February 4th, 2012, 9:25am EST
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AP - Russia's state-controlled Gazprom natural gas giant acknowledged for the first time Saturday that it had briefly reduced gas supplies to Europe amid a spell of extreme cold.
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Palestinians call for PM's fall over taxes (AP)
Posted: February 4th, 2012, 7:27am EST
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AP - Hundreds of Palestinian protesters have called for their prime minister's resignation over recent tax and price increases.
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Hungary seeks 15-20 billion euro IMF/EU credit line: official (Reuters)
Posted: February 4th, 2012, 7:19am EST
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Reuters - Hungary is seeking an international credit line of 15 to 20 billion ($20 to $26.3 billion) euros, the secretary of state heading the prime minister's office, Mihaly Varga, was quoted on Saturday as saying.
NYT > Business
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Jobless Rate Falls to 8.3%, Altering Face of Campaign
Posted: February 4th, 2012, 6:00am EST by By MICHAEL D. SHEAR
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Two dueling realities — an improving economy that remains very weak — create serious political risks for top advisers to President Obama and Mitt Romney.
Yahoo! News: Business
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Report: Monti says Italy a "safe place" (AP)
Posted: February 4th, 2012, 4:22am EST
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AP - Italy is now a "safe place" amid market turbulence, Premier Mario Monti said in an interview published Saturday, pressing for Europe to turn its political energy to generating growth rather than further plans to strengthen budget discipline.
NYT > Business
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Caterpillar to Close Assembly Factory in Canada
Posted: February 4th, 2012, 1:48am EST by By IAN AUSTEN
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The company planned to move locomotive production to other operations in North and South America after contract talks with unionized workers soured.
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Steve Appleton, Micron Technology C.E.O., Dies in Plane Crash
Posted: February 4th, 2012, 1:20am EST by By REUTERS
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Steve Appleton, whose death was considered a major loss for the struggling company, was piloting the small craft in Boise, Idaho.
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Corporate Tax Break on Equipment May Have Silver Lining
Posted: February 4th, 2012, 1:10am EST by By BINYAMIN APPELBAUM
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A tax break added billions to the federal government’s current deficit, but the government says it should recoup 80 percent of the shortfall in the future.
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Obama’s Magic Number May Be 150,000 Jobs Per Month
Posted: February 4th, 2012, 12:57am EST by By NATE SILVER
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With 243,000 jobs created in January, the economy is starting to look more positive. That might be a plus for the president in the November election.
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DealBook: Goldman Gives Blankfein $7 Million Stock Award
Posted: February 3rd, 2012, 11:41pm EST by By BEN PROTESS and SUSANNE CRAIG
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With a $2 million base salary, the 2011 pay package for Lloyd Blankfein, the chief executive of Goldman Sachs, so far totals $9 million. Goldman has not yet disclosed the size of his cash bonus.
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The Week’s Business News in Pictures
Posted: February 3rd, 2012, 10:01pm EST
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Facebook filed to go public, minting new millionaires while cementing Mark Zuckerberg’s leadership role; the housing market continued to fall, but the employment picture is brighter; and advertisers prepared for the Super Bowl, many by releasing their big, splashy commercials in advance on the Web.
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Gianpiero Moretti, Modernizer of Racecar Steering Wheels, Dies at 71
Posted: February 3rd, 2012, 9:00pm EST by By DENNIS HEVESI
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Mr. Moretti started his automotive accessories company Momo in 1966, and it expanded to make an array of racing products.
washingtonpost.com - Business
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American Airlines’ plan for pension bailout draws criticism
Posted: February 3rd, 2012, 8:31pm EST by Steven Mufson
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American Airlines has saved $2.1 billion since 2006, thanks to two congressional measures that allowed it to reduce contributions to its pension plans. The company said it would make up any shortfall later.
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SEC fills spot on accounting oversight board
Posted: February 3rd, 2012, 8:20pm EST by David S. Hilzenrath
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The Securities and Exchange Commission on Friday named an official at the Government Accountability Office, Jeanette M. Franzel, to serve as a watchdog over corporate audits, filling a potentially pivotal seat on an oversight board that was created in the aftermath of the Enron and WorldCom accounting scandals.
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Susan G. Komen foundation revises policy that barred Planned Parenthood funding
Posted: February 3rd, 2012, 8:20pm EST by Sarah Kliff, N.C. Aizenman
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Caught in a maelstrom of public reaction to its decision to cease funding Planned Parenthood, the Susan G. Komen for the Cure foundation announced Friday that it would reverse course.
Komen will no longer bar organizations that are under government investigation from applying for grants. As a result, Planned Parenthood — which is the focus of a House probe over whether it has used federal funds to pay for abortions — will once more be eligible for Komen grants.
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New York sues Reston firm over foreclosure documents
Posted: February 3rd, 2012, 8:15pm EST by Brady Dennis
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New York Attorney General Eric Schneiderman sued a handful of the nation’s largest banks Friday, claiming they deceived homeowners and court officials by filing flawed and fraudulent foreclosure documents through a popular electronic mortgage registry.
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Yahoo! News: Business
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Romney focuses on Obama, Gingrich on Romney in NV (AP)
Posted: February 3rd, 2012, 6:35pm EST
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AP - A confident Mitt Romney accused President Barack Obama of failing to do enough to create jobs as he campaigned Friday ahead of GOP presidential caucuses this weekend in a state with sky-high unemployment and foreclosure rates. Newt Gingrich, who is fighting for a respectable showing here, rolled out a fresh line of criticism by comparing the former Massachusetts governor to Obama.