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Yahoo! News: Business News
Bank of America ends overdraft fees on debit cards
(AP)
Wed, 10 Mar 2010 11:45:22 GMT AP - Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.
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China February exports jump 45.7 percent
(AP)
Wed, 10 Mar 2010 11:52:20 GMT AP - China's exports rose in February in a new sign of growing global demand that could help persuade officials to let the Chinese currency rise.
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Curbing derivatives might hurt, not help, Greece
(AP)
Wed, 10 Mar 2010 11:57:56 GMT AP - Derivatives have become a dirty word.
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Sarkozy to take tanker fight to Obama
(AP)
Wed, 10 Mar 2010 13:44:00 GMTAP - French President Nicolas Sarkozy will raise concerns that the U.S. Air Force's $35 billion tanker contract is anticompetitive when he visits President Barack Obama later this month, a spokesman said Wednesday. News open new window >>
Senate to pass jobless aid, business tax breaks
(AP)
Wed, 10 Mar 2010 12:30:28 GMTAP - Legislation blending help for the jobless with popular tax breaks for businesses and individuals is slated to pass the Senate Wednesday over protests from conservatives who say it adds too much to the $12.5 trillion national debt. News open new window >>
Stock futures narrowly mixed ahead of opening
(AP)
Wed, 10 Mar 2010 13:44:57 GMT AP - Investors are searching for direction Wednesday, after two days of relatively flat trading. Stock futures are narrowly mixed.
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U.S. SEC's chief economist to leave agency March 31
(Reuters)
Tue, 09 Mar 2010 20:15:45 GMTReuters - The U.S. Securities and Exchange Commission's chief economist, James Overdahl, will be leaving at the end of the month, he said on Tuesday. News open new window >>
Economists trim 2011 U.S. growth forecast
(Reuters)
Wed, 10 Mar 2010 05:40:59 GMTReuters - U.S. economists raised their forecast for economic growth in 2010 in March, the third straight monthly rise, while trimming their growth forecast for 2011, according to a survey released on Wednesday. News open new window >>
Brown-Forman 3Q profit falls on higher expenses
(AP)
Wed, 10 Mar 2010 13:47:33 GMT AP - The maker of Jack Daniel's whiskey and Korbel champagne saw its fiscal third-quarter profit drop on higher expenses that were expected, but adjusted results surpassed analysts' estimates.
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Turkey, IMF end loan talks
(AP)
Wed, 10 Mar 2010 13:53:26 GMTAP - Turkey says it and the International Monetary Fund have mutually agreed to call off talks for a loan. News open new window >>
Nationalized UK bank Northern Rock back in profit
(AP)
Wed, 10 Mar 2010 08:47:59 GMTAP - Nationalized mortgage lender Northern Rock said Wednesday that it returned to profit in the second half of 2009 as interest income rose and losses on loans fell. News open new window >>
Portugal sells $1.34 billion worth of bonds
(AP)
Wed, 10 Mar 2010 13:11:41 GMTAP - Financially troubled Portugal raised euro990 million ($1.34 billion) Wednesday in a key bond auction that had more bids than bonds available, suggesting the government's austerity plan is easing market concerns about the country's ability to pay off its high debts. News open new window >>
Dollar General sues rival chain over colors
(AP)
Wed, 10 Mar 2010 00:48:59 GMTAP - Dollar General Corp. has filed a federal lawsuit against rival discount chain Fred's Inc., claiming the smaller company is using its trademark yellow and black colors. News open new window >>
Commercial delinquency lower than other mortgages
(AP)
Tue, 09 Mar 2010 19:41:53 GMTAP - Commercial mortgages were among the best-performing loans and leases held by banks and thrifts in the fourth quarter of last year, the Mortgage Bankers Association said Tuesday. News open new window >>
OPEC raises 2010 oil demand forecast
(AP)
Wed, 10 Mar 2010 13:28:49 GMTAP - World oil demand is projected to grow by 900,000 barrels per day in 2010, OPEC said Wednesday, revising up its previous month's forecast while cautioning that the increase is hinged on a sustained global economic rebound, particularly in the United States. News open new window >>
GM Daewoo vows to return to black this year
(AFP)
Wed, 10 Mar 2010 06:57:41 GMT AFP - GM Daewoo, the South Korean unit of struggling US auto giant General Motors, said Wednesday it intends to return to profit this year and currently needs no further financial support from creditors.
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Real Estate's Link to the Small Business Credit Crunch
(BusinessWeek)
Wed, 10 Mar 2010 13:08:46 GMTBusinessWeek - It's no secret that small businesses in the U.S. face difficulties accessing credit. According to a survey of a random sample of 751 small businesses conducted by Gallup at the end of 2009 for the National Federation of Independent Business Research Foundation, 44% of small businesses seeking credit in 2009 received only some or none of the money they sought. This level of credit access compares poorly with mid-2000, when nine of every 10 companies seeking credit received it. While there is broad agreement that a small business credit problem exists, there is less consensus about its causes. ... News open new window >>
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