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Business & Technology

Treasury punishes top servicers for failing troubled homeowners

June 10th, 2011 5:03 am by Staff Report

CNN Money is reporting three top mortgage servicers are finally being taken to the woodshed by the Obama administration.

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Business & Technology

In latest attack, hackers steal Citibank card data

June 10th, 2011 4:39 am by Associated Press

NEW YORK (AP) About 200,000 Citibank credit card customers in North America have had their names, account numbers and email addresses stolen by hackers who broke into Citi's online account site.

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Business & Technology

Asian markets mostly down on growth doubts

June 10th, 2011 4:22 am by Associated Press

BANGKOK (AP) Most Asian stock markets moved lower Friday over concerns global economic growth is slowing, despite news of a narrower U.S. trade deficit that sent Wall Street up after a weeklong slump.

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Business & Technology

AEP to close plants, trim 600 jobs to comply with EPA rules

June 10th, 2011 4:18 am by staff report

American Electric Power on Thursday announced it plans to shut down several coal-fired power plants, convert or retrofit others, and cut as many as 600 jobs in the next few years to comply with regulations proposed by the U.S. Environmental Protection

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Business & Technology

Merchants beat bankers in Senate debit card vote

June 9th, 2011 4:23 am by Associated Press

WASHINGTON (AP) Merchants triumphed over bankers in a battle for billions Wednesday as the Senate voted to let the Federal Reserve curb the fees that stores pay financial institutions when a customer swipes a debit card. It was murkier, however, whether

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Business & Technology

FCC report finds major shortage in local reporting

June 9th, 2011 4:20 am by Associated Press

WASHINGTON (AP) There is a shortage of in-depth local journalism needed to hold government agencies, schools and businesses accountable, the federal agency that regulates television broadcasters concludes in a new report.The dearth of reporting comes des

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Business & Technology

Oil rises above $101 after OPEC output unchanged

June 9th, 2011 4:08 am by Associated Press

SINGAPORE (AP) Oil prices rose above $101 a barrel Thursday in Asia, extending gains from the previous session after OPEC leaders unexpectedly left crude production quotas unchanged.

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