Yahoo! News: Business (10 unread)
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The Worthless Junk the 1 Percent Waste Their Money On (ContributorNetwork)
Posted: February 6th, 2012, 4:38pm EST
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ContributorNetwork - COMMENTARY | Strictly speaking, the 1 percent -- people whose incomes put them above the other 99 percent of us, starting at about $340,000 a year as of 2009, according to IRS data -- don't actually spend much of their money. -
Yum Brands posts 30 percent 4th-qtr profit rise (AP)
Posted: February 6th, 2012, 4:37pm EST
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AP - The owner of the Pizza Hut, Taco Bell and KFC chains says its fourth-quarter profit rose 30 percent, thanks to its fast-growing overseas operations and to a strong showing from Pizza Hut in the U.S.
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Convicted NY fraudster sentenced in hit plot (AP)
Posted: February 6th, 2012, 4:26pm EST
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AP - Convicted of engineering a $100 million mortgage-fraud scheme, Aaron Hand was yearning for vengeance and stuck in prison, prosecutors said.
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US oil prices fall below $97 (AP)
Posted: February 6th, 2012, 4:08pm EST
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AP - U.S. oil prices fell below $97 per barrel Monday as growing supplies offset moves by President Barack Obama and other Western leaders to make it tougher for Iran to sell crude. Here's how energy contracts traded. -
IMF's Blanchard sees "very large" Greek haircut (Reuters)
Posted: February 6th, 2012, 3:56pm EST
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Reuters - The IMF's chief economist, Olivier Blanchard, said on Monday it looks like the 'haircut' on Greek private debt will be "very large" as negotiations between bondholders and the government drag on to cut Greece's debt burden. -
MF Global shortfall worsened as bankruptcy neared (Reuters)
Posted: February 6th, 2012, 3:34pm EST
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Reuters - A shortfall in customer funds at MF Global Holdings' broker-dealer unit grew in the days before the company went bankrupt, as client money increasingly was used to pay for MF's daily activities, said the trustee liquidating the broker-dealer. -
Skepticism grows around Medco/Express Scripts deal (Reuters)
Posted: February 6th, 2012, 2:54pm EST
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Reuters - Objections to Express Scripts' $29 billion plan to buy rival pharmacy benefits manager Medco Health Solutions are accumulating as U.S. antitrust regulators weigh whether they have enough evidence to stop the megamerger. -
Anti-cuts protests push Romania PM out (Reuters)
Posted: February 6th, 2012, 2:52pm EST
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Reuters - Romanian Prime Minister Emil Boc resigned on Monday, joining a list of European leaders felled by fury at the kind of spending cuts that prompted weeks of mass protests in Bucharest against IMF-backed austerity. -
Calif. and NY considering foreclosure-abuse deal (AP)
Posted: February 6th, 2012, 2:48pm EST
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AP - California and New York were considering Monday whether to join most other states in backing a long-awaited settlement with banks over foreclosure abuses. The deal would require the five largest mortgage lenders to reduce loans for about 1 million households. -
Massachusetts gas prices edge up another 2 cents (AP)
Posted: February 6th, 2012, 11:53am EST
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AP - Massachusetts residents are paying two more cents a gallon at the gas pump, the seventh consecutive week of increases.