August 24th, 2010
U.S. stocks posted their second consecutive day of gains Wednesday, turning the market around after a week’s worth of losses.
After starting out the day lower, the Dow Jones industrial average (INDU) rose 10 points, or 0.1%, to 10,416 the S&P 500 (SPX) inched up 2 points, or 0.2%, to 1,094 and the Nasdaq (COMP) […]
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August 17th, 2010
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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July 29th, 2010
American Express reported a huge jump in quarterly profits Thursday that beat Wall Street estimates, but wary investors drove the stock lower in after-hours trading.
AmEx (AXP, Fortune 500) shares were down 2% in after-hours trading. The financial services company said its net income for the second quarter rose to $1.02 billion, from $337 million […]
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May 6th, 2010
D.C.-based DuPont Fabros Technology Inc., the fastest-growing company in the Washington area last year, grew its top and bottom lines last quarter.
DuPont Fabros, a real estate investment trust that develops and manages data centers, reported net income for the first quarter ended March 31 of $5.2 million, or 8 cents per share, compared with $3.3 […]
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April 11th, 2010
Goldman Sachs defended its controversial employee bonuses and multi-billion dollar relationship with AIG in its annual report released Wednesday, while downplaying its short-selling in the mortgage market.
Much of the letter was devoted to describing Goldman’s (GS, Fortune 500) role in the financial crisis and the recession, praising its own "strong performance" in 2009, which […]
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March 19th, 2010
Imagine Schools Inc., which operates charter schools in the Kansas City area, has to pay $570,000 to settle claims of discrimination by two pregnant employees.
Virginia-based Imagine Schools was accused by the U.S. Equal Employment Opportunity Commission of not retaining two pregnant employees after it closed its charter middle school and opened a private middle and […]
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January 16th, 2010
JEFFERSON CITY — Foreclosures are running at an all-time high. And few think that will change any time soon.
So what do you do about them?
That was the subject of a conference here Thursday, where dozens of foreclosure counselors and experts from across the state gathered to talk about ways to try to […]
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December 14th, 2009
The Santa Clara Valley Transportation Authority will reduce its operating budget $15 million next year and defer purchase of new buses as it continues to grapple with a $70 million budget deficit over the next two years.
Members of the board of directors of VTA — which provides bus, light rail and paratransit service throughout Santa […]
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December 12th, 2009
Top executives at Goldman Sachs will not be paid cash bonuses this year, the company said Thursday.
In the face of public outrage over Wall Street bonuses, the company said that its 30-member management committee will receive restricted company stock instead.
Goldman Sachs’ (GS, Fortune 500) bonus pool is currently on track to hit $21 billion […]
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December 6th, 2009
His neck turns red. His cheeks become flushed. Frank Stronach is close to erupting again in another row over one of his ideas.
The physical changes are cues for anyone else to leave the room. Come back later. Fight another day. Perhaps.
The entrepreneurial atmosphere can get hot and heavy behind closed doors at the elegant headquarters […]
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