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Business & Technology

Buffett invests $5 billion in Bank of America

August 25th, 2011 1:59 pm by Associated Press

NEW YORK (AP) Warren Buffett is coming to the rescue of another fallen giant.Buffett's Berkshire Hathaway announced Thursday that it would invest $5 billion in Bank of America Corp., giving a much-needed vote of confidence in the struggling bank.

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Business & Technology

Stocks stage afternoon rally; gold drops $104

August 24th, 2011 4:12 pm by Associated Press

NEW YORK (AP) Stocks are closing higher after a late afternoon surge. Gold dropped $104, the dollar and government bond yields rose as investors became less fearful.

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Business & Technology

Financial turmoil intensifies home buyers' anxiety

August 24th, 2011 4:02 pm by Associated Press

The past month wasn't exactly a confidence-booster for would-be home buyers and sellers.

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Business & Technology

Ex-Moody's analyst ordered to pay $34.5 million

August 24th, 2011 3:22 pm by Associated Press

WASHINGTON (AP) A federal judge has ordered a former Moody's Investors Service analyst to pay $34.5 million after he fled the U.S. to avoid facing insider-trader charges.

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Business & Technology

Haslam: Tennessee will keep word on deal with Amazon

August 24th, 2011 2:22 pm by Associated Press

CHATTANOOGA, Tenn. (AP) Gov. Bill Haslam says other states would be "dead wrong" to try to claim that Tennessee doesn't keep its commitments in economic development deals.

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Business & Technology

An early stock rally fades; indexes trade mixed

August 24th, 2011 2:06 pm by Associated Press

A sharp increase in orders for long-lasting goods in July eased fears that the U.S. was headed for another recession. Companies placed more orders for aircraft, automobiles and other durable goods in July. Orders rose 4 percent, the biggest increase since

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