Category: "business"

AT&T sets up division to target health care (AP)

AP – AT&T Inc., the country’s largest telecommunications company, on Thursday said it is setting up a division to target the health care industry, hoping to have a significant seat at the table when industry adopts electronic medical records, doctor’s …

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GM $13 billion IPO to cut Treasury stake to 43 percent (Reuters)

Reuters – General Motors on Wednesday finalized terms for a stock offering of about $13 billion to repay a controversial taxpayer-funded bailout and reduce the Treasury to a minority shareholder.

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Fed takes bold, risky step to bolster weak economy (Reuters)

Reuters – The Federal Reserve launched a fresh effort to support a struggling U.S. economy on Wednesday, committing to buy $600 billion in government bonds despite concerns the program could do more harm than good.

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Fed will spend $600B in latest bid to help economy (AP)

AP – The Federal Reserve will sink $600 billion into government bonds in a bold plan that it hopes will drive interest rates even lower than they already are and start the chain reaction that finally creates jobs and invigorates the economy.

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New reality: Obama, GOP talk compromise, conflict (AP)

AP – A chastened President Barack Obama signaled a new willingness to yield to Republican demands on tax cuts and jettisoned a key energy priority on Wednesday, less than 24 hours after he and fellow Democrats absorbed election losses so severe he call…

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Bernanke says low rates won’t stoke inflation (Reuters)

Reuters – Federal Reserve Chairman Ben Bernanke, fresh from announcing new measures to support the U.S. economy, said the central bank’s aggressive monetary policy will not spark unwanted inflation in the future.

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GM $13 billion IPO to cut Treasury stake to 43 percent (Reuters)

Reuters – General Motors on Wednesday finalized terms for a stock offering of about $13 billion to repay a controversial taxpayer-funded bailout and reduce the U.S. Treasury to a minority shareholder.

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Google Agrees To Hand Slap for Revealing Info in Buzz (NewsFactor)

NewsFactor – Google has reached a settlement in the class-action suit over privacy issues relating to its Buzz social-networking program. Under terms of the settlement, the search giant will establish an $8.5 million Common Fund to support organization…

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