Job news boosts markets

A largely positive U.S. jobs report sent the stock market soaring as the Dow Jones industrial average traded above 15,000 for the first time before closing just below the mark and the broader Standard & Poor's 500 index closed at a record 1,614....

22.27 | 0 komentar | Read More

Obama wraps up Latin trip with an eye back home

SAN JOSE, Costa Rica — President Barack Obama, concluding a three-day visit to Mexico and Costa Rica, is cheering Mexican economic advances and pressing other Central American leaders to deal with poverty and security while reaching out to a politically...

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Jeweler, Costco face off in NY over Tiffany rings

NEW YORK — A federal judge in New York has asked big-box wholesaler Costco and little-blue-box jeweler Tiffany & Co. to try to settle a multimillion-dollar trademark dispute. Lawyers for the companies faced off in a Manhattan courtroom Friday over...

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States fear losing aid for 'uninsurables'

WASHINGTON — Thousands of people with serious medical problems are in danger of losing coverage under President Barack Obama's health care overhaul because of cost overruns, state officials say. At risk is the Pre-Existing Condition Insurance Plan,...

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Warren Buffett leads annual meeting like no other

OMAHA, Neb. — Before facing questions from a crowd of more than 30,000, billionaire Warren Buffett started Saturday being mobbed by fans at Berkshire Hathaway's annual meeting. Shareholders again treated the 82-year-old investor like a rock star at...

22.26 | 0 komentar | Read More

Strong US jobs report sends stocks higher

LONDON — Stock markets rallied on Friday, with both the Dow and S&P hitting new highs, after an unexpectedly strong U.S. jobs report indicated the world's largest economy is not slowing down, as some had feared. The Labor Department said a net 165,000...

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Nation adds 165,000 jobs in April; unemployment rate 7.5 percent

Total nonfarm payroll employment rose by 165,000 in April, and the unemployment rate was little changed at 7.5 percent, the U.S. Bureau of Labor Statistics reported today.Over the prior year, employment growth has averaged 169,000 per month. Employment...

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Stocks surge in early trading after hiring climbs

NEW YORK — A big gain in the job market is lifting the stock market to a record high. The Dow Jones industrial average crossed 15,000 for the first time, and the Standard and Poor's 500 index, a broader market measure, rose above 1,600. In the first...

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Warren Buffett says economy still improving slowly

OMAHA, Neb. — Investor Warren Buffett believes that the economy and the U.S. job market will continue to improve, but slowly. In an interview that aired Friday, Buffett said business has been creeping upward at his Berkshire Hathaway conglomerate. ...

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Pentagon clears use of Samsung's devices

SEOUL, South Korea — Samsung Electronics Co. says the U.S. Department of Defense has approved using Samsung smartphones for its networks. The South Korean company said Friday the Galaxy S4 smartphone has become the first Android device to meet the security...

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US jobless claims fall to 5-year low of 324K

WASHINGTON — The number of Americans seeking unemployment aid fell last week to seasonally adjusted 324,000, the lowest since January 2008. The drop points to fewer layoffs and possibly more hiring. The Labor Department said Thursday that weekly applications...

22.26 | 0 komentar | Read More

YouTube says the battle with TV is already over

NEW YORK — YouTube vs. TV? YouTube says the battle — if there ever was one — is over. In a flashy presentation to advertisers Wednesday night, Google Executive Chairman Eric Schmidt declined to forecast that Internet video will displace television watching....

22.26 | 0 komentar | Read More

Obama nominates Pritzker, Froman for economic jobs

WASHINGTON — President Barack Obama on Thursday chose two old friends with business executive experience for top posts on his economic team, naming longtime fundraiser Penny Pritzker to the Commerce Department and adviser Michael Froman as U.S. Trade...

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Warren Buffett says women key to nation's prosperity

OMAHA, Neb. — Billionaire Warren Buffett says a key part of why he is optimistic about the nation's economic future is that America has begun to unleash the potential of women. Buffett wrote an editorial for Fortune magazine (http://cnnmon.ie/ZBFiri)...

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Euro falters on ECB hint of negative deposit rate

LONDON — An interest rate cut from the European Central Bank and hints it may take further measures failed to give European markets a lift Thursday amid ongoing worries about the state of the eurozone economy. U.S. stocks recovered their poise in the...

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A123 is forming technology incubator -- seriously

Beleaguered lithium ion battery maker A123 Systems said today it is forming a new division called A123 Venture Technologies which will be modeled as a technology incubator. Officials said A123 Venture Technologies will assist partners needing infrastructure...

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Cloud firm VMTurbo closes funding round

Burlington-based VMTurbo, which makes technology for cloud and virtualized environments, said today it has closed a third round of funding led by Globespan Capital. VMTurbo's funding now totals $25 million, with investments also coming from previous...

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Chrysler, Ford, GM, Nissan April US sales up

DETROIT — Ford, GM, Chrysler and Nissan all reported double-digit U.S. sales increases last month, signaling the best April for car and truck sales in six years. A rebound in pickup truck sales led the way, especially for the Detroit automakers. Small...

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Boston Police Commissioner Ed Davis to receive honorary UMass degree

The University of Massachusetts Board of Trustees said this week it has voted to award Boston Police Commissioner Edward F. Davis an honorary doctor of humane letters degree at UMass Lowell's undergraduate commencement on May 18. Davis will also deliver...

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Cheeseboy looks to hire 30 for Downtown Crossing shop

Local grilled cheese franchise Cheeseboy said today it is seeking to hire 30 team members for its new brick-and-mortar store in Downtown Crossing. The 1,200-square-foot restaurant, located at 280 Washington St., is expected to open this spring. Applicants...

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AVEO dips on weaker revenue report

AVEO Pharmaceuticals shares were down slightly this morning after the company reported its first quarter revenue fell nearly 67 percent to $300,000 compared to the same period a year ago. Officials said last year's revenue number included money from...

22.26 | 0 komentar | Read More

Google's virtual assistant invades Siri's turf

SAN FRANCISCO — Google is trying to upstage Siri, the sometimes droll assistant that answers questions and helps people manage their lives on Apple's iPhone and iPad. The duel begins Monday with the release of a free iPhone and iPad app that features...

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Obama to tap Charlotte mayor to run Transportation

WASHINGTON — President Barack Obama is nominating Charlotte, N.C., Mayor Anthony Foxx, a rising star in Democratic politics, to run the Transportation Department, a White House official said. Obama will announce the nomination from the East Room of...

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CEO of Sovereign parent Santander steps down

Alfredo Saenz, the embattled chief executive of the Eurozone's largest bank, Santander, stepped down today after a prolonged legal battle over whether he should be barred from banking because of a criminal conviction. The company said in a statement...

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Genetic research toolmaker RainDance Technologies raises $20M

RainDance Technologies Inc., a Lexington-based life sciences company focused on genetic research tools, said today it has closed $20 million in a fifth round of funding. RainDance said it will use the funding to drive global expansion of its products,...

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