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An investor rally late last week helped push the price of crude oil higher, meaning Orlando-area motorists — and motorists nationwide — can expect slightly higher gas prices this week, AAA Auto Club South said.
The rally was spurred by Federal Reserve Chairman Ben Bernanke’s statement that the Central Bank is ready to help stimulate the […]
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Even as BP appears poised to permanently kill its blown-out well in the Gulf of Mexico, shares of the company have hit a wall as investors turn their attention to the massive legal costs that lie ahead for the energy giant.
BP has pledged to set aside $20 billion to compensate businesses and individuals hurt […]
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AHC Inc. has secured $16 million in financing from SunTrust Bank for pre-development and construction of more affordable housing projects in the region, and the group is on the prowl for new sites.
With the largest bank agreement it has secured to date, AHC hopes to use the funds to act more quickly when it identifies […]
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The government’s list of troubled banks climbed to its highest level since 1992 in the first quarter, although the pace of growth moderated, according to a government report published Thursday.
The numbers, published as part of a broader survey on the nation’s banking system by the Federal Deposit Insurance Corporation, revealed that the number […]
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What a week for Twitter.
The mircroblogging firm made nearly a dozen announcements this week, marking a huge shift in Twitter’s business strategy, starting with the fact that it now actually has a business strategy.
At its developer conference, codenamed Chirp, the company unveiled promoted tweets, new official mobile apps, an enhanced geo-tagging feature, a […]
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Austin-based casino games dealer Multimedia Games Inc. (Nasdaq: MGAM) is considering selling the company, officials said in an interim CEO announcement today.
The company said it hired Deutsche Bank Securities as its exclusive financial advisor in a strategic alternatives planning effort "including, but not limited to, the sale of the company."
At the same time, Multimeda lost […]
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Latvian elections this autumn threaten to hamper government efforts to push through austerity measures vital to its international bailout, burdening the country’s credit rating, Fitch Ratings said.
A parliamentary election scheduled for October “weighs on the rating, the uncertainty that comes with the election, and I think there might be resistance to removing the […]
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Shoppers may have boosted retailers with slightly better sales this year. But only when compared to a disastrous 2008. And that’s no guarantee that consumers’ shop ’til you drop mentality is back.
Most retailers won’t report their December sales results until next month, but early forecasts indicate things could be less awful than last year. […]
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LONDON–Britain’s Treasury chief said Sunday that the government must make difficult choices on spending cuts as it seeks to slash the country’s growing deficit.
Chancellor of the Exchequer Alistair Darling is expected to announce tax hikes and public-sector spending cuts in a pre-budget review on Wednesday.
The government has said it wants to halve […]
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Glitzy Dubai may face a debt crisis that has sent a shudder through global markets, but you wouldn’t know it from officials or local media.
World leaders have commented on the crisis — but not those in the United Arab Emirates itself, where authorities have said little as UAE markets fell and the central bank […]
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