July gains for the stock indexes
July was the best month for stocks in a year, with the three major stock indexes—the Dow Jones industrials, the Nasdaq, and the Standard & Poor’s 500—gaining about 7 percent, following 14 percent declines in May and June.
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State debt swells by 10.3 percent
Cash-strapped states have stepped up their borrowing to cope with their fiscal woes. The amount of debt carried by states swelled 10.3 percent last year, to $460 billion. Connecticut citizens carry the heaviest debt burden, $4,859 per capita, while Nebraska’s debt is equal to only $15 per citizen.
CNNmoney.com
Will Murdoch bid for the Rangers?
Rupert Murdoch’s News Corp. is considering a bid for Major League Baseball’s Texas Rangers. Fox Sports Southwest, a News Corp. unit, broadcasts Rangers games. By acquiring the Rangers, News Corp. could save so much in broadcast fees that the deal would pay for itself within a few years.
New York Post
BP’s U.S. filling stations may rebrand
Operators of BP’s U.S. filling stations are actively considering a name change. The BP Amoco Marketers Association is leaning toward rebranding with the Amoco logo, which BP obtained when it acquired Amoco in 1998.
Marketwatch.com
AT&T and Verizon target Visa and MasterCard
AT&T and Verizon are taking a shot at Visa and MasterCard by developing a system that would allow consumers to pay for their purchases with a wave of their smart phones. Payments would be processed through Discover Financial Service’s payment system.
Bloomberg.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