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Yahoo! News: Business
Business
Reuters - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.
 Reuters - Teck Resources (TCKb.TO) said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.
 Reuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.
 Reuters - Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd , contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.
Reuters - The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.
 Reuters - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages.
AP - American International Group Inc. on Wednesday said it agreed to sell all of its ownership interests in its consumer finance operations in Colombia, the latest in a recent string of asset sales by the embattled insurer to bolster its finances.
 AFP - The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the "safe-haven" greenback.
TIME.com Top Business Stories
Business News, Personal Finance News, Technology News on TIME.com
Mexico put no pesos into the Save GM pot, but it will likely enjoy major job growth from GM in the years ahead.
Rolling Stone magazine calls Goldman Sachs a "vampire squid sucking the face of humanity." Goldman fires back
Did the newspaper offer business executives the chance to meet government officials for cash?
A family feud between the grandsons of Ferdinand Porsche threatens to damage two of Germany's most successful companies -- and two of motoring's greatest marques
As fear of the financial crisis recedes, investors feel less wedded to the U.S. dollar. Add in America's ballooning deficit, and the outlook for greenbacks is getting grim
Congress may soon mandate that breathalyzers be installed in cars of convicted drunk drivers. Opponents worry that it's a first step toward high-tech Breathalyzers in all cars
China's relatively strong economic performance is prompting investors tosnap up new stock offerings, but expectations are becoming irrational
The home retailer, a haven for nonessential merchandise, has seen steady improvement. Are Americans opening their wallets?
Home sales are improving lately, but it's the small starter homes that sell, while big expensive houses go unloved
Tampax is taking a new approach to selling feminine-hygiene products: getting the guys involved
Florida has no income tax, so its counties lean heavily on property taxes. With the state's home prices in a steep dive, that's trouble
Disgraced financier Bernard Madoff is sentenced to the maximum requested by prosecutors: 150 years in prison
AshleyMadison.com, a personals site aimed at facilitating extramarital affairs, now has mobile apps that suspicious spouses can't trace
Some estimates put the singer's debt at the time of his death at $300 million. Others put him almost twice as far into the red
Executive recruiters and HR professionals see indications that corporate hiring will pick up dramatically in 2010
Latest Business Headlines - CBS News
Read the latest Business headlines on CBS News, covering news stories, videos and pictures of world and US news, as well as news in politics, health, sports and business.
Nearly Two-Thirds of Americans Are Cutting Back Vacation Spending this Summer
     
In 1st Baghdad Trip as VP, Will Press Iraqis to Make More Progress Toward Political Reconciliation
  
Texas Financier Also Seeking to Use Money from Insurance Policy for Legal Team
  
Job Seekers Take Creative Tacks to Avoid Age Discrimination
  
While there have been signs the recession is easing, unemployment is getting worse. The Labor Department reported its at a 26-year high. Anthony Mason reports.
  
As News of Joblessness Disappoints Analysts, Some States Have Programs that Help Retain Workers
  
Dow Jones Closed at Lowest Level in Six Weeks, Investors Move to Bonds
  
Ruth Madoff Reportedly Pleaded with U.S. Marshals to Allow Her to Keep Her Fur Coat
  
Obama Talks Unemployment, Russia, and MJ in AP Interview
  
Airline's Computers Back On Line, Easing Pressure on Holiday Travelers
  
With the price of gas rising, Moneywatch.com's Jill Schlesinger put the brakes on gas mileage myths.
  
Employers Cut 467,000 Jobs In June; Data Suggests Road To Economic Recovery May Be Bumpy
  
Agency Lawyer Noticed Irregularities As Far Back As 2004, but Was Told To Focus on Mutual Fund Probe
  
Malfunction Comes as Holiday Travel Heats Up; Passengers Describe Scene as a Nightmare
  
One of President Obama's solutions for the ailing healthcare system is to change the way doctors are paid. Wyatt Andrews reports.
  
FOXNews.com
FOX News Channel - We Report. You Decide.
Home Depot is testing a warm-and-fuzzy approach to selling hammers, lighting and garage doors that targets female shoppers.
Pandemic, BioWare to change ownership, join 'Madden' team.
Disney plans to sell a line of products called Disney Garden.
Online encyclopedia to move cross-country in January to hub of tech world.
Retailers' sales rose 0.6 percent last month and gasoline stations turned in their biggest jump in sales since May.
The business software maker confirmed today it offered BEA Systems $17 per share, a 25 percent premium over Thursday's closing price of $13.62.
AT&T Inc. said on Thursday that the head of its wireless unit, Stan Sigman, was retiring, and it appointed Ralph de la Vega as his successor.
State Treasurer Richard Moore has asked the U.S. Securities and Exchange Commission to investigate the timing of stock sales made by the chief executive of mortgage lender Countrywide Financial Corp.
ABC News: Money
Traveling this holiday weekend? Here are some tips to save at the pump.
More than 400,000 out of work as Russia's casinos close under anti-vice law.
Several states enter first the weekend of the fiscal year without a budget plan.
Hours after disappointing jobs report, president touts green job creation.
LA medical marijuana "collective" solicits its selection through Twitter.
A look at how 10 cities across America are weathering the housing crisis.
MOUNTAIN OF DEBT: Legacy of debt from Founding Fathers not celebrated on Independence Day
Fans are left downloading his biggest hits instead of seeing him fall on tour.
General Motors left to wait as judge adjourns hearing without indicating ruling's timing
New app tells moviegoers when to break for the bathroom and what they missed.
Reuters: Business News
Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
NEW YORK/VIENNA (Reuters) - Austrian fund manager Sonja Kohn did not receive any kickbacks from Bernard Madoff to steer Bank Medici customer funds to the swindler's investment business, a Medici lawyer said on Friday.
  
TORONTO (Reuters) - Teck Resources said on Friday it will sell a 17.2 percent equity stake to state-owned China Investment Corp in a deal that will help the Canadian miner pay down its debt while expanding China's portfolio of commodity investments.
 
NEW YORK (Reuters) - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.
 
NEW YORK (Reuters) - Several Mexican clients of Stanford Financial Group have sued insurance broker Willis Group Holdings Ltd , contending it was a willing participant in a $7 billion fraud at the Texas-based investment company.
 
(Reuters) - The dollar's status as the top global reserve currency is unlikely to be mentioned explicitly in the final communique at next week's Group of Eight summit, a European G8 source involved in preparations for the meeting said on Friday.
 
TAIPEI (Reuters) - About 10 global and Taiwan financial firms have submitted bids to buy troubled AIG's Taiwanese insurance unit, newspapers said on Saturday, in a deal that could fetch up to over $2 billion.
 
LONDON (Reuters) - PVM Oil Futures Limited said on Friday Steve Perkins, a senior broker based at the firm's London office, was responsible for unauthorized trades earlier this week which landed the firm with a loss of nearly $10 million.
 
FRANKFURT/MUNICH (Reuters) - A Chinese automaker has offered to buy a stake in General Motors unit Opel, challenging a deal from Canadian auto parts supplier Magna, sources said on Friday.
 
LONDON (Reuters) - Oil dropped a dollar to below $66 a barrel on Friday after unemployment data hardened views economic weakness would sap energy demand and that last month's rally was overdone.
 
BEIJING (Reuters) - Wall Street may be down on its luck, but China's growing business hub, Shanghai, plans to install its own version of the Street's famed charging bull statue, casting in metal its hopes to eventually rival New York.
 
msnbc.com: Business
Msnbc.com is a leader in breaking news and original journalism.
 Many forecasters now expect the U.S. economy to begin growing later this year. But it probably won?t feel like a recovery for most people. By John W. Schoen.
 Expect these new models to hit the road in the next five years.
 The U.S. Marshals Service on Thursday took possession of disgraced financier Bernard Madoff's $7 million Manhattan penthouse, an action that forced his wife to move elsewhere.
PVM Oil Associates, the world's biggest over-the-counter oil brokerage, says it lost nearly $10 million this week because of unauthorized trades that caused a temporary spike in Brent crude markets.
 Like many unemployed older workers, 64-year old Allan Kellum fears his age has made it harder to find a new job.
 Out-of-work with no place to land, the legions of America's unemployed are growing. The nation's unemployment rate rose to 9.5 percent in June, a 26-year high.
 The cup holder, in its modern automotive incarnation, is about 30 years old. It achieved industrial-design celebrity status in the 1980s, and it's been proliferating ever since.
 The latest numbers on auto sales show that Chrysler needs to quickly figure out how to navigate the car market as deftly as it did bankruptcy court.
The last time we were this close to the 10 percent mark was when the nation was dealing with the savings and loan crisis, the residual effects of the 1979 oil crisis and prime interest rates as high as 21.5 percent. Could things get that bad again?
 Americans will be throwing more hot dogs and hamburgers on their backyard grills rather than steaks this holiday as the recession and high unemployment crimp celebrations.
Taco Bell has replaced longtime sponsor McDonald's as the NBA's fast-food partner.
 It seems like just yesterday ? excess was in and celebrities lived it up, buying lavish cars, expensive toys and over-the-top homes. Now, they're losing it like everyone else.
In a big break for online shoppers, Web retailers generally don't have to charge sales taxes in states where they lack a store or some other physical presence.
Orders to U.S. factories jumped in May by the largest amount in nearly a year, another sign that the nosedive in manufacturing is nearing an end.
 Rates for 30-year home loans inched downward this week, but still remain above record lows posted during the spring, Freddie Mac said Thursday.
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