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Updated: 30 min 47 sec ago

Do You Know Who Owns Your Favorite Liquor?

Thu, 01/16/2014 - 7:29am

Many spirits are tied to a particular place, but liquor companies have gone global and a small number of firms now dominate the market internationally.

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J.C. Penney Cutting 2,000 Jobs, Closing 33 Stores

Thu, 01/16/2014 - 7:25am

The plans follow other announcements of job cuts and store closings by major retailers. They're facing stiff competition from each other and from online shopping sites.

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Detroit Touts Clean, Efficient Diesels; Consumers Aren't Sold

Thu, 01/16/2014 - 2:29am

The new generation of diesel vehicles are much cleaner, more powerful and more fuel efficient than diesels of old. But while car-buyers embrace the diesel in Europe, U.S. customers aren't yet on board.

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Sometimes A Perfect Stranger Is The Best Dinner Host

Thu, 01/16/2014 - 2:28am

A new food trend gaining popularity in New York and other cities allows diners to enjoy fine meals inside someone else's home. But the food is often just an excuse for what can essentially be a really great party with a bunch of people you've never met.

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Jobs Pitchman Takes Labor Department's Show On the Road

Thu, 01/16/2014 - 2:27am

Raising the minimum wage, extending unemployment benefits and attacking income inequality are all on the Obama administration's domestic agenda. And they all fall under the purview of Labor Secretary Tom Perez, who has only been on the job since July.

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Retailers May Use Video Cameras To Track Shoppers

Wed, 01/15/2014 - 11:00pm

Security tech company 3VR has unveiled an in-store video camera that allegedly uses facial recognition to gauge your age, gender and mood. Retailers could use real-time information to customize digital signs — just as you are passing.

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Concerns Raised Over Banks' Commodities Holdings

Wed, 01/15/2014 - 11:00pm

Regulators are scrutinizing big banks which control commodities like aluminum and oil. The Federal Reserve is considering restricting their ability to trade and warehouse physical commodities. But Democrats on the Senate Banking Committee suggested the Fed isn't moving fast enough on rules to prevent banks from exploiting their holdings at the expense of the public.

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GM Shareholders To Receive Dividends Again

Wed, 01/15/2014 - 11:00pm

General Motors announced this week that for the first time in nearly six years it will begin to pay cash dividends to its shareholders. GM stopped paying out dividends in 2008 as it struggled to save money through the recession, bankruptcy and a government bailout.

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Apple To Refund App Purchases Void Of Parental Consent

Wed, 01/15/2014 - 11:00pm

Apple has agreed to refund the purchase of some apps because they were made without the knowledge of parents. Apple has agreed to pay back $32 million.

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How Perverse Incentives Drive Up Health Care Costs

Wed, 01/15/2014 - 11:00pm

Medical treatment in the emergency room is expensive, but there's a perverse incentive at work which encourages EMS workers to send more people there. Medicare reimburses for 911 calls only if the patient is transported to the ER. A pilot program at Mt. Sinai Hospital in New York City tries to keep patients from coming back to the ER.

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Obama Nominates Maria Contreras-Sweet To Head SBA

Wed, 01/15/2014 - 5:21pm

Born in Mexico, Contreras-Sweet was the first Latina to serve as a cabinet secretary in California when she led its Business, Transportation and Housing Agency from 1999-2003.

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IMF's Lagarde: Any U.S. Budget Deal Is Better Than None

Wed, 01/15/2014 - 4:28pm

"We are all very pleased to see an orderly budget process is back," the head of the International Monetary Fund says, as Congress works on spending legislation.

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German Farmers Fear For Europe's Bacon With U.S. Trade Deal

Wed, 01/15/2014 - 3:19pm

German farmers protested Wednesday against a free trade deal with the U.S. that could lift restrictions on American meat sold in Europe. The farmers say they are worried not just about poor quality meat, but unfair competition.

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Regions Bank To Discontinue Payday Loan Program

Wed, 01/15/2014 - 3:18pm

Deposit advances are small, costly loans that bank customers take out between paychecks, and pay back automatically when a scheduled direct deposit comes through. Federal bank regulators cracked down on the products in December.

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Paper Or Plastic: How Americans Buy Stuff, In 1 Graph

Wed, 01/15/2014 - 3:03pm

Americans use debit cards more often than any other form of payment. Cash is still used more often than credit cards.

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Fed Vice Chairman Nominee Taught Bernanke And Many Others

Wed, 01/15/2014 - 3:00pm

President Obama has nominated Stanley Fischer to be vice chairman of the Federal Reserve. Fischer trained outgoing Fed Chairman Ben Bernanke, and he spent much of the last decade running Israel's central bank. If confirmed, Fischer would take over the position being vacated by Janet Yellen, who was recently confirmed as Bernanke's successor.

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Obama Unveils New Plans To Encourage Manufacturing Jobs

Wed, 01/15/2014 - 3:00pm

Touting a rebound in manufacturing jobs, President Obama announced a public-private partnership to expand that momentum. He unveiled a manufacturing innovation institute in North Carolina, the first of three similar hubs he proposed in last year's State of the Union address. Though factory jobs are being added, economists say it's highly unlikely that manufacturing can become a significant source of future employment.

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Boeing Machinists' Plight Marks Changing Times For Labor

Wed, 01/15/2014 - 3:00pm

The push by Boeing to wring concessions from its unionized workers — including the loss of pensions — echoes what's happened at other big manufacturers and demonstrates the state of organized labor across the country.

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After Checking Blood Pressure, Kiosks Give Sales Leads To Insurers

Wed, 01/15/2014 - 3:00pm

People like the convenience of checking their blood pressure at free machines in pharmacies and supermarkets. But at least one company is selling the contact information of people who use its machines to health insurers seeking new customers.

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How Virtual Currency Could Make It Easier To Move Money

Wed, 01/15/2014 - 12:41pm

It isn't just Bitcoin. You can now choose from more than 70 virtual currencies, and people are using them partly because it could be a free way of transferring money online. Given more time and widespread use, that could change the playing field for companies like Western Union and banks.

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