The DJIA tops 13,000
The Dow Jones Industrial Average topped 13,000 this week for the first time since before the financial crisis. The Dow last closed above that level in May 2008, when unemployment was just 5.4 percent. It sank as low as 6,547, in March 2009.
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Employment gains for Latinos
Latinos make up only 15 percent of the U.S. workforce, but they have racked up half of U.S. employment gains since early 2010, according to Labor Department data. Sectors in which Latinos hold a relatively large share of jobs, such as food services, health care, and manufacturing, are showing robust growth.
Los Angeles Times
Police nab $6 trillion in fake U.S. bonds
Police in Zurich last week confiscated $6 trillion in counterfeit U.S. bonds, a figure equal to nearly half the U.S. debt. Eight members of an organized-crime ring, arrested in Italy, were believed to be planning to sell the bonds.
BBCNews.com
Lloyds to recover employee bonuses
British bank Lloyds will claw back some of the bonuses it awarded to 13 senior employees, after a scandal over the sale of worthless loan insurance cost the bank $5 billion last year. Other British banks could follow suit.
London Telegraph
PayPal: Coming to a store near you
PayPal is pushing into brick-and-mortar stores. The e-payment service will be available in all Home Depot stores later this month, and in 20 more big retail chains by the end of the year. In order to entice merchants to offer the payment option alongside Visa and MasterCard, PayPal may subsidize merchants’ transaction fees.
Time.com
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The bottom linefeature Working families continue to struggle; The least-trusted industries; The bestselling vehicle; Mobil device use triples; Global unemployment among the young
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The bottom line
feature The cost of e-filing; Dipping into nest eggs early; What Americans are drinking; Planning for death; How tax refunds are spent
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The bottom line
feature Building bigger houses; And tuition at OSU is?; Christmas at McDonald's; Self-gifting at Christmas; Lloyd’s prepares for Hurricane Sandy claims; Google's billions
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The bottom line
feature Good results for the third quarter; Compensation at financial firms hits a high; Three cities with recovering economies; Good year for car sales; Broadway's best performance ever; Tax bite is less in 2010 than in 1980
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The bottom line
feature Airlines cut domestic flights; Income up in small cities and rural areas; Bond and Lincoln lift box office earnings; Don't be fooled by Black Friday; The high toll of identity theft
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The bottom line
feature The gender pay gap; U.S. economic growth; Parents who argue about money; Online subscriptions rise
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The bottom line
feature Can the U.S. keep up?; Airlines spend billions on runway taxiing; Americans exaggerate their working hours; The Dow Jones's 67.9 percent gain; Success and summer babies
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The bottom line
feature Consumer confidence jumps; Wall Street cuts jobs, raises pay; Goldman Sachs's muppet hunt; Desktop web searches decline; Pizza Hut scraps debate freebie