Tag Archives: links

Online Retailers Take Opposite Sides On Sales Tax Bill; McConnell on why he opposes

More online retailers would have to collect sales tax under a bill making its way through the U.S. Senate this week. The measure won strong bipartisan backing on a procedural vote Monday, and President Obama has said he would sign … Continue reading

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Millions eligible for Obamacare subsidies, but most don’t know it

Nearly 26 million Americans could be eligible for health insurance subsidies next year, but most don’t know it. That’s because relatively few people are familiar with provisions in the Affordable Care Act, aka “Obamacare,” that will provide tax credits to … Continue reading

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Existing home sales edge down, prices rise

(Reuters) – Home resales edged downward in March, pointing to some slowdown in the housing market recovery pace as overall economic activity cools. The National Association of Realtors said on Monday existing home sales slipped 0.6 percent last month to a … Continue reading

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Factory activity at six-month low in April: Markit

(Reuters) – Manufacturing grew in April at its most sluggish pace in six months as demand from domestic customers fell, suggesting the American economy was losing momentum in the second quarter, a survey showed on Tuesday. More from Reuters.com.

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Asphalt rehab projects awarded for 45 counties across the state

More than $27 million in asphalt rehabilitation projects have been awarded by the Kentucky Transportation Cabinet as the spring construction season gets underway. The first asphalt projects of the season are distributed over 45 counties. More from Kentucky Press News … Continue reading

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‘Smart guns’ could be next step in gun control

A proposal to expand background checks failed in Washington, but several entrepreneurs say they have a different answer to curbing gun violence. They’re using technology to create guns that only fire in the right hands. These so-called smart guns can recognize … Continue reading

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Housing Starts in U.S. Surge on Demand for Multifamily Units

New-home construction in the U.S. jumped more than forecast in March as multifamily projects climbed to the highest level in more than seven years. More from Bloomberg.com

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Gas, groceries and clothing cheaper in March

The price of a broad basket of consumer goods fell 0.2% in March, according to the Labor Department’s Consumer Price Index. Compared to a year earlier, prices are up only 1.5%, a level of inflation that’s considered benign level. More … Continue reading

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Cost of being Too Big to Fail: Now just $28 million

On Monday, the Fed finally announced its plans to implement a tax on the nation’s largest banks and other financial firms that are deemed “systemically important.” What’s the cost of being Too Big to Fail? A mere $28 million. More … Continue reading

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LG&E and KU give $500,000 to KSU

Kentucky State University’s scholarship fundraising efforts received a $500,000 boost last week from Louisville Gas and Electric and Kentucky Utilities. The funds will provide scholarships to students studying science, technology, engineering and mathematics — a growing program at KSU. More … Continue reading

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Blue Grass Army Depot to lay off 182

Blue Grass Army Depot announced Monday that 182 civilian employees would lose their jobs by June 21 as part of a planned “reduction in force” at the Madison County facility. That will leave 560 permanent employees, which is about what … Continue reading

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Hacking an Airplane With Only an Android Phone

So it looks like someone could hack a jetliner. With an Android smartphone. Awesome. At the Hack In The Box conference in Amsterdam, security consultant Hugo Teso demonstrated PlaneSploit, an app he developed that can take control of certain systems aboard an airplane and … Continue reading

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Lexington is Top Roku Market in Nation

Roku, a content-streaming firm, said this week that Lexington is the top city in the United States for using its online streaming receiver. Read more from the Lexington Herald-Leader’s Cheryl Truman.

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Global crowdfunding volumes rise 81 percent in 2012

(Reuters) – Crowdfunding websites helped companies and individuals worldwide raise $2.7 billion from members of the public in 2012, an 81 percent increase on the previous year, data showed on Monday. More from Reuters.com

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Rolling out the Affordable Care Act in the field

As the new features of the Affordable Care Act roll out between now and 2014, the Centers for Medicare & Medicaid Services (CMS) are developing new programs and tools to help healthcare providers deliver better care to the American public — and … Continue reading

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The employment rate: an overlooked economic indicator

The share of Americans with jobs may tell us more about the state of the recovery than the unemployment rate. More from the NYTimes.com

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5 jobs with biggest pay hikes

Wages hit a speed bump in the first quarter, according to PayScale, but pay was still up 3.5% year over year. CNNMoney reports these 5 professions saw even bigger raises than that.

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Cordish revises Louisville Center City plan

It’s been a long time coming, but Baltimore-based developer The Cordish Cos. has a new plan to build out the old Louisville Water Co. block in downtown Louisville. More from Business First.

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As Market Heats Up, Trading Slips Into Shadows

Wall Street is embracing its dark side. As the stock market continues to climb, trading has increasingly migrated from established bourses like the New York Stock Exchange to private platforms, including dark pools, that are largely hidden from public view. The shift is … Continue reading

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Beshear may veto bill that would push for quicker Medicaid reimbursements

A bill designed to help doctors, hospitals and other medical providers receive prompt payments from the state’s Medicaid managed care companies awaits Gov. Steve Beshear’s signature or veto. Despite passing both the state House and Senate unanimously and having the … Continue reading

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Factory orders rise, boosted by aircraft

(Reuters) – New orders for factory goods rose in February but a gauge of planned business spending slipped, suggesting factory activity continued to expand at a modest pace. More from Reuters.com

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Small businesses cut borrowing for second straight month

(Reuters) – Small U.S. businesses cut back on borrowing in February for a second straight month, hinting at slower growth ahead even as other economic data shows the recovery picked up in the early part of the year. More from … Continue reading

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Where CEOs get paid the least

Sure, it’s nice to rise to occupy a company’s corner office … but how lucrative it is depends on what state you’re in. There’s a very wide variation in average CEO pay. Chief executives in some places make $100,000 more, … Continue reading

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8 comments 6 cool innovations we’re still waiting for

Flying cars were always a pie-in-the-sky proposition, but hologram calls and many other bold tech ideas have hit snags. Read more from CNNMoney.com

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Looking up: Housing sales, prices

> Sales of New Houses in U.S. Cap Best Two Months Since 2008. More from Bloomberg.com

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Video: Repo man feels pain as economy improves

U.S. auto repossession rates are down from last year, hitting the bottom line of the repo man’s business. Click here to watch the video on CNNMoney.com

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Data points to growing economic momentum

(Reuters) – A clutch of data pointed to growing momentum in the economy during the first quarter, with jobless claims trending lower and factory activity and homes sales both on the rise. The reports on Thursday built on recent upbeat … Continue reading

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Economists See No Crisis With U.S. Debt as Economy Gains

Representative Paul Ryan, chairman of the House Budget Committee, declared this month that the U.S. national debt “is hurting our economy today.” It’s an idea embraced by almost every Republican and even some Democrats. Economic data — on jobs, housing and investment – … Continue reading

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Women leaders in business: Why the U.S. lags

Businesses across the world need to become more welcoming to women. Arguably, United States-based companies should be leading this charge. They aren’t. U.S. companies are lagging behind not just progressive Scandinavians, but also businesses in emerging markets. Companies in countries … Continue reading

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Papa John’s CMO resigns

Papa John’s International Inc. announced Thursday that chief marketing officer Andrew Varga has resigned to become president of Ft. Lauderdale, Fla.-based Zimmerman Advertising, which is the pizza chain’s agency of record. More from Nation’s Restaurant News.

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Retirement confidence at record low

Despite improving economic conditions, a record percentage of American workers remain worried that they won’t be able to afford retirement. They’re worried about their jobs, high debt levels and rising living expenses, according to a survey released Tuesday by the Employee … Continue reading

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Bill to avert government shutdown inches to Senate passage

(Reuters) – The Senate on Monday inched closer to passage of a bill to fund federal agencies through September 30 and avoid a government shutdown at the end of this month when existing money runs out. More from Reuters.com

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Fed to hold course on stimulus despite debate over risks

(Reuters) – Federal Reserve officials will spend much of a meeting next week debating the potential risks from the central bank’s stimulus plan, but Chairman Ben Bernanke has already signaled he believes the costs of inaction are even greater. More … Continue reading

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February industrial output rises on manufacturing rebound

(Reuters) – Industrial production rose more than expected in February on a rebound in manufacturing, showing the economy continues to gain momentum in 2013. More from Reuters.com

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Lexington media pioneer Sue Wylie announces retirement

Sue Wylie, a longtime Lexington talk radio host for WVLK-590 AM and a television anchor before that, announced her retirement Monday. “I thought about it a long time,” she said. “Your heart just tells you when it’s time to go.” … Continue reading

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Kentucky, 37 other states settle with Google over Street View WiFi data capture

Kentucky and 37 other states and the District of Columbia Tuesday announced a $7 million settlement with Google over privacy concerns involving the capture of consumers’ and businesses’ private WiFi data by its Street View service. Kentucky will receive more … Continue reading

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Toyota North America, seeking more political clout, forms new PAC

Toyota’s North American subsidiary has formed a new political action committee, according to a recent Federal Election Commission filing. The Federal Election Commission “statement of organization” form shows the new PAC listed as “Toyota North America Inc. Political Action Committee (Toyota/Lexus PAC).” More … Continue reading

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U.S. public transportation surges as Americans return to work

(Reuters) – The number of Americans commuting by public transportation rose to the second highest level on record last year, as more people returned to work, according to an annual survey released by the leading U.S. transit association on Monday. … Continue reading

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How budget sequestration could impact restaurants

In the weeks leading up to the March 1 deadline for federal lawmakers to avoid spending cuts mandated by budget sequestration, pundits and politicians warned that the resulting falloff in federal spending would devastate the economy, with every industry, including … Continue reading

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Survey: most large employers penalize workers for using tobacco

As large employers respond to changes influenced by health care reform and rising costs of care, employees are paying a greater portion of their health-care costs. That trend that is likely to continue over the next few years, says a … Continue reading

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Gun shops face massive ammunition shortage

Gun enthusiasts are buying firearms with unparalleled zeal. As a result, ammunition is in short supply nationwide. Read more on CNNMoney.com

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Report: BBC selling Lonely Planet to Kentucky cigarette billionaire Brad Kelley

Lonely Planet, the storied travel guidebooks publisher owned by BBC, is about to be sold, we have learned. And the buyer is a doozy: reclusive Kentucky billionaire Brad Kelley, who spent the 1990s selling discount cigarette brands like USA Gold, Bull Durham, … Continue reading

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Kentucky Ranked 10th in Nation for Industry Activity

Site Selection magazine’s annual Governor’s Cup rankings place Kentucky 10th in the nation for new and expanded industry activity in 2012.  In 2012, Kentucky announced 354 location or expansion projects, resulting in 14,075 projected new full-time jobs and a capital … Continue reading

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Rail service may be ready for 2015 All-Star Game

For the first time since 1988, Cincinnati will play host to the 2015 MLB All-Star Game. And by that time, the Greater Cincinnati area will have a rail service, Oasis Rail Transit, which is part of the Eastern Corridor program of multi-modal transportation … Continue reading

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Cinci Council Committee passes city parking plan

Cincinnati City Council’s Budget and Finance Committee voted Monday to approve a long-term lease of the city’s parking system. The approved motion allows the city to lease parts of the off-street parking system for 50 years and all of the on-street … Continue reading

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Employer credit checks keep jobless out of workforce

Employer credit checks are preventing the nation’s hardest hit job seekers from entering the workforce, a new study shows. More from CNNMoney.com

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Fiscal Pain to Be Parceled Out Unevenly

The federal budget cuts kicking in Friday are designed to slice government spending across the board, sparing few programs. But in practice they will feel uneven and lumpy, shading the economic and political consequences. Communities heavily dependent on defense money, many … Continue reading

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Study: Workers over 50 are the new “unemployables”

Unemployed workers in their fifties are increasingly finding themselves stuck in limbo. On one hand, they’re too young to retire. They may also be too old to get re-hired. Call them the “new unemployables,” say researchers at Boston College. More … Continue reading

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YUM! Center financing a cautionary tale for Lexington?

As financing of the proposed Rupp Arena Arts and Entertainment District project is explored, Louisville’s Leo Weekly offers a look at how “reckless” arena financing could result in taxpayers bailing out the Yum! Center. For the story, click here.

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UK Researchers Speak Out: Sequester Will Squelch Scientists-in-Training

Lexington, Ky.  — “From the standpoint of training the next generation of highly skilled professors, industrial scientists, people to work in government laboratories, people to advance our understanding of disease and advance the next generation of therapies, it will be … Continue reading

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Kentucky and Indiana would feel federal spending cuts from defense to parks

WASHINGTON — Unless Congress and the White House pull off another last-minute deal, $85 billion in spending cuts will start phasing in nationwide on Friday, costing jobs in defense installations, airports, firehouses, police stations, social services and other government-funded programs. In … Continue reading

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Paulson Leads Funds to Bermuda Tax Dodge Aiding Billionaires

Last year, about $450 million belonging to top executives at billionaire hedge fund manager John Paulson’s New York firm took a quick round trip to Bermuda. In April, the executives sent the money to a reinsurance company that they’d set up on … Continue reading

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Bipartisan commission proposes $2.4 trillion deficit reduction

(Reuters) – A bipartisan fiscal commission offered a plan to reduce U.S. government deficit spending by $2.4 trillion over 10 years on Tuesday and do so with a combination of spending cuts, a healthcare overhaul and tax reform. More from … Continue reading

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Manufacturing stumbles but seen regaining footing

(Reuters) – Manufacturing got off to a weak start this year as motor vehicle output tumbled in January, but a rebound in factory activity in New York state this month suggested any setback would be temporary. More from Reuters.com

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Colleges find a new way to get grads hired

A handful of colleges think they’ve found the secret to closing the gap between the types of graduates they’re turning out and the types of workers employers are looking for: spiders. More from CNNMoney.com

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Video: Drones Hot Item at Defense Expo

Unmanned aerial vehicles were the hot item at the Abu Dhabi International Defense Exhibition with drones from the U.S, South Africa, Turkey and Pakistan. More from CNNMoney.com

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KY Horse Farms Can Apply for Disaster Relief

Kentucky horse breeding farms are now eligible to apply for federal relief from agriculture-related disasters. Kentucky Gov. Steve Beshear made the announcement Feb. 13. The governor had asked the United States Department of Agriculture to consider changes that would allow … Continue reading

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Economy, deficit top voter issues ahead of Obama speech: poll

(Reuters) – Americans are eager to hear President Barack Obama address the U.S. economy and federal deficit in his State of the Union speech on Tuesday, with more than half still convinced the nation is in a recession, a poll released on Monday found. … Continue reading

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NFIB business sentiment perks up a bit in January

(Reuters) – Confidence among U.S. small businesses rose in January as owners anticipated better business conditions in the next six months, despite higher taxes and looming government spending cuts. More from Reuters.com

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LightSquared’s Ghost Raised in Fight Over Talking Cars

Automakers and suppliers say a U.S. push to broaden Wi-Fi use could jam accident-prevention technology that may cost as little as $100 per vehicle and save thousands of lives annually. The Federal Communications Commission next week may propose rules to let … Continue reading

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Millions of credit reports have errors

Millions of Americans have mistakes on their credit reports, some of which are serious enough to lower credit scores and result in worse credit offers, a new government study finds. More from CNNMoney.

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Creative Ways To Land The Interview

How can you land a job in a difficult market? Would an outside-of-the-box approach help? Check out some ideas offered by Miriam Salpeter on AOLJobs.com

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Automatic spending cuts would hurt Americans: White House

(Reuters) – Automatic government spending cuts due to go into effect March 1 unless Congress acts to prevent them would bite deeply into programs affecting many Americans such as law enforcement, small business assistance, food safety, and tax collection, the White House … Continue reading

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Home Depot to hire 10,000 more seasonal workers in spring

(Reuters) – Home Depot Inc said it will hire 10,000 additional seasonal workers for its key spring selling season as it sees higher sales growth during the period. More from Reuters.com

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Under Obama, coal country fights for its way of life

(Reuters) – Leon Lieser has been a coal miner 49 years, his bent fingers testament to his first job, loading coal by hand into a bucket. Mining also led to a hip replacement and a knee replacement. He loves his job and … Continue reading

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Analysis: Small lenders ride U.S. mortgage wave as big banks cut back

(Reuters) – Guaranteed Rate, Inc, a home loan company, opened shop in 2000 in Chicago with a single office. Now it is one of the 20 biggest U.S. mortgage lenders, with more than 140 offices. Guaranteed Rate is one of … Continue reading

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High long-term joblessness not here to stay: Fed study

(Reuters) – People who have been out of work for a long time are finding jobs more easily today than they did shortly after the end of the recession, a study published Monday showed, suggesting that high unemployment is not … Continue reading

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Baby Boomers Sicker Than Parents’ Generation, Study Finds

Baby boomers have more chronic illness and disability than their parents, as their sedentary habits and expanding girth offset the modern medicine that enables them to live longer, a study said. More from Bloomberg.com

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China trouble deepens for Yum Brands

Yum Brands has a reputation problem in China after an investigation into tainted chicken at KFC. More from CNNMoney.com

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U.S. borrowing bill gets final passage without familiar drama

(Reuters) – Completing a major Republican retreat from another messy showdown with PresidentBarack Obama, the U.S. Senate on Thursday passed legislation to allow the government to keep borrowing money at least through May 19. More from Reuters.com

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Home prices see best yearly gain since 2006

(Reuters) – Single-family home prices rose in November, building on a string of gains that point to a housing market that is on the mend, data from a closely watched survey showed on Tuesday. More from Reuters.com

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Analysis: Immigration reform could boost U.S. economic growth

(Reuters) – The sluggish U.S. economy could get a lift if President Barack Obama and a bipartisan group of senators succeed in what could be the biggest overhaul of the nation’s immigration system since the 1980s. More from Reuters.com

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Bank stress test results to be released March 7: Fed

(Reuters) – Regulators will release on March 7 the results of tests to determine how big banks would weather a financial shock, and they will put out evaluations of the largest banks’ capital plans the following week, the Federal Reserve said on … Continue reading

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Fitch backs away from downgrade of U.S. credit rating

(Reuters) – Rating agency Fitch on Monday stepped back from its threat to cut the United State’s triple-A credit rating in the next few months, citing the recent debt deal in Washington, in the latest sign that anxieties have eased … Continue reading

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6 things you’ll pay less for in 2013

It’s not all bad news this year. Used cars, vacation packages and fancy laptops are all expected to cost less this year. More from CNNMoney.com

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U.S. High School Graduation Rate at Highest Since 1970s

U.S. students graduated from public high schools at the highest rate since the 1970s, with the largest leap for Hispanic students, government data show. More from Bloomberg.com

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Apple May Face First Profit Drop in Decade as IPhone Slows: Tech

Eighteen months after taking over from Steve Jobs, Cook is facing rising production costs, competition from Samsung Electronics Co. (005930) and slowing growth in smartphones, threatening profits for the world’s most valuable company. More from Bloomberg.com

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Fed missed warning signs in 2007 as crisis gained steam

(Reuters) – Top policymakers at the Federal Reserve felt for most of 2007 that problems in housing and banking were isolated and unlikely to tear down the U.S. economy as they ultimately did.  More from Reuters.com

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Video: Seth Godin on the art of staying relevant in the job market

The high-profile business blogger Seth Godin offers a fresh post-industrial take on an ancient Greek myth in his new book The Icarus Deception. Reuter’s Matt Cowan reports.

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Food trucks appeal for reason in regulation

The last few years have been all about Task Forces and Committees for Food Trucks in Lexington, and this evening it came back to Council chambers for new interpretations. Sean Tibbits, proprietor of Cluckin Burger and director of the Bluegrass Food Truck … Continue reading

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Mayors still waiting for economic boost

(Reuters) – The fiscal gloom hanging over cities and local governments will lift slightly in 2013 as the pace of spending cuts slows, according to an economic assessment presented on Thursday to a mayors’ conference in the U.S. capital. More … Continue reading

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Republicans weigh short-term debt limit increase

(Reuters) – House Republicans signaled on Thursday they might support a short-term extension of U.S. borrowing authority next month so they can move on to budget battles that could offer them more political leverage. More from Reuters.com

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Difficult Choices on Debt if the U.S. Hits the Ceiling

WASHINGTON — By mid-February or early March, the United States could face an unprecedented default unless it raises its debt ceiling, the Treasury Department said this week. A look at options and consequences from NYTimes.com

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Lexington prosecutor resigns over shoplifting allegation

She helped put away some of Lexington’s most violent and high profile criminals. Now a former Fayette County prosecutor finds herself on the wrong side of the law. More from WKYT.com

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Lexington Agency Uses Linked-In “Bomb” to Land Major Client

As everyone who watches Mad Men knows, the ad business is tough. Winning over new clients is particularly challenging. But a Lexington, Ky., ad agency used a tool that didn’t exist in Don Draper’s day — LinkedIn— to grab the attention of a … Continue reading

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Bernanke says raising the debt ceiling is critical

(Reuters) - Federal Reserve Chairman Ben Bernanke on Monday urged U.S. lawmakers to lift the country’s borrowing limit to avoid a potentially disastrous debt default, warning that the economywas still at risk from political gridlock over the deficit. More from Reuters.com

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Obama digs in heels, refuses to negotiate debt ceiling

(Reuters) – President Barack Obama on Monday rejected any negotiations with Republicans over raising the U.S. borrowing limit, accusing his opponents of trying to extract a ransom for not ruining the economy in the latest fiscal fight. More from Reuters.com

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White House delays 2014 budget after “fiscal cliff” standoff

(Reuters) – The White House will delay submission of its budget proposal to Congress for fiscal year 2014 because of the protracted fight over the “fiscal cliff,” according to an official in President Barack Obama’s budget office. More from Reuters.com

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Doctors looking for an out

Some doctors are quitting medicine after they find a new passion; others are burned out and fed up with shrinking reimbursements or being overloaded with patients. More from CNNMoney.com

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Cool cars from the Detroit Auto Show

Check ‘em out. Some of the cars, trucks and vans being unveiled at the Detroit Auto Show. More from CNNMoney.com

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AIG, after thanking America, might sue it

Even as it runs ads thanking America for a $182 billion bailout, insurer AIG might join a lawsuit claiming that shareholders were unfairly hurt by the terms of the federal rescue that kept it out of bankruptcy four years ago. … Continue reading

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Video: Earth to AIG. Don’t sue America

As AIG airs warm and fuzzy ‘thank you’ ads for its bailout, it is also considering joining a lawsuit against the U.S. government. View a video from CNNMoney.com

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Office demand slackens with slow job growth

(Reuters) – New demand for U.S. office space slipped in the fourth quarter from three months ago and a year earlier as job growth remained sluggish, according to a report. More from Reuters.com

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Small business morale heals, but labor market view downbeat

(Reuters) - Small business sentiment clawed back from a 2-1/2 year-low in December, but owners’ assessment of the labor market remained downbeat, a survey showed on Tuesday. More from Reuters.com

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Exclusive: Bank of America to sell service rights on $100 billion of mortgages

(Reuters) – Bank of America Corp is looking to sell collection rights on at least another $100 billion of mortgages after announcing similar deals for more than $300 billion on Monday, according to two sources familiar with the situation. More … Continue reading

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3 more fiscal cliffs loom

Think the fiscal cliff caused an awful lot of uncertainty and held back the economy? How about three more cliff-like deadlines over the next three months? More from CNNMoney.com

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Analysis: “Fiscal cliff’ deal called a dud on deficit front

In the controversy surrounding the “fiscal cliff” issue, it’s easy to forget that the origin of the entire debate was a professed desire to reduce swollen federal deficits. More from Reuters.com

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Assault rifles are selling out

The feverish demand for military-style rifles and high-capacity ammunition magazines is outstripping supply, ahead of legislative efforts to ban them in the wake of mass shootings. More from CNNMoney.com

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Housing, factory data point to momentum in economy

(Reuters) – Contracts for U.S. home resales hit a 2-1/2-year high in November and factory activity in the Midwest expanded this month, suggesting some strength in the economy despite the threat of tighter fiscal policy. More from Reuters.com

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Lexington among Top 10 Small U.S. Cities Growing Faster Than Their Suburbs

Back in June, Brookings Institution demographer William Frey dug into a new set of Census figures and determined that in America’s 51 largest metro areas, on average, the core cities had suddenly started growing slightly faster than their suburbs. Frey’s analysis … Continue reading

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Cerberus: We want out of gun biz

FORTUNE — Private equity firm Cerberus Capital Management announced early this morning that it plans to sell Freedom Group, a firearms conglomerate that produced the .223 Bushmaster rifle used in last week’s elementary school massacre. More on fortune.cnn.com

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Gas prices near a two-year low

Consumers are getting some relief at the gas pump, particularly in the middle of the country, as prices could soon fall to levels not achieved since early 2011. More from CNNMoney.com

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For sale: U.S. highways and bridges

The nation’s roads are up for sale. But who should have control over them? Read more on CNNMoney.com

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Video: How your healthcare will change in 2013

The piece by piece implementation of the Affordable Care Act of 2010 is bringing a few more changes to your health care in 2013. Watch this video on CNNMoney.com

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Is Job Searching During The Holidays Pointless?

Conventional wisdom holds that job searching during the holidays is a huge waste of time. Employers simply don’t hire this time of year, the thinking goes, so those in the job market often take December off, resolving to start fresh … Continue reading

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Fed makes new rate pledge, pumps more money into economy

(Reuters) – The Federal Reserve on Wednesday took the unprecedented step of saying it would keep interest rates near zero until the jobless rate falls to 6.5 percent, well below its current level, and it promised to pump more money … Continue reading

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Boehner: Serious differences remain on “fiscal cliff”

(Reuters) – House Speaker John Boehner said on Wednesday “serious differences” remain with President Barack Obama in talks to avert the “fiscal cliff” of steep tax hikes and budget cuts set for the end of the year. More from Reuters.com

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DuPont curtailing spending due to “fiscal cliff”

(Reuters) – Chemical maker DuPont (DD.N) will spend less on capital projects next year than initially planned due to uncertainty about the U.S. “fiscal cliff,” Chief Executive Ellen Kullman said in an interview. More from Reuters.com

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U.S. Schoolchildren Lag Asian Peers on Academic Tests

U.S. schoolchildren trailed Asian peers on one of the largest international tests of math, science and reading, highlighting a challenge to American competiveness. Read more on Bloomberg.com

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Weak exports, imports signal tepid economic growth

(Reuters) – The trade deficit widened in October as exports suffered the biggest drop in nearly four years, indicating slowing global demand was spilling over into the already struggling U.S. economy. More from Reuters.com

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U.S. Treasury to sell remaining AIG shares for $7.6 billion

(Reuters) – The U.S. Treasury’s sale of its remaining stake in American International Group Inc (AIG.N) will fetch $7.6 billion, bringing the government a total profit of $22.7 billion from its crisis-era bailout of the insurer. More from Reuters.com

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Holiday gift-giving at work: 5 ways to get it right

A business etiquette expert tells how to take the awkwardness out of playing Santa at the office. More from CNNMoney.com

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Perry County Coal Corporation lays off 156

Perry County Coal Corporation, owned by TECO Coal, laid off more than 150 workers and released a statement attributing the layoffs to a weakening coal market. More from WKYT.com.

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Employment growth quickens, jobless rate at 7.7 percent

(Reuters) – Employment grew faster than expected in November, but a drop in the unemployment rate to nearly a four-year low as people gave up the search for work suggested the labor market was still tepid. More from Reuters.com

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Louisville named top U.S. travel destination for 2013

Louisville, Kentucky, was named the top U.S. destination for 2013, following travel publisher Lonely Planet’s discussions among its group of U.S. editors and authors. While they tend to debate entries into each year’s Top 10 list, everyone agreed on Louisville. … Continue reading

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Chefs predict top culinary trends for 2013

Locally sourced meats, seafood and produce once again top the list of 20 culinary trends predicted by chefs for the National Restaurant Association’s “What’s Hot in 2013″ forecast. Nutrition, particularly in kids’ meals, and sustainability remain as other trends widely expected … Continue reading

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The Least Trusted Profession In The Country Is …

Respondents to a new Gallup Poll were asked to rate 22 professions on a five-point honesty and ethics scale ranging from  “very high” to “very low.” Members of Congress were at the bottom, with a whopping 54 percent of respondents … Continue reading

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Technomic: Restaurant alcohol sales continue to rise

Sales of adult beverages in the U.S. increased in 2011 and will continue to rise, according to a study by restaurant research firm Technomic. Technomic’s 2012 BarTAB (Trends in Adult Beverage) report showed that sales of beer, wine and spirits in … Continue reading

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Student-Loan Collection Targeted for Overhaul in Congress

Congress will consider overhauling debt collection in the $100 billion-a-year U.S. student loan program, replacing it with automatic withdrawals from borrowers’ paychecks tied to their income — a system used in the U.K. Read more on Bloomberg.com

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Auto sales race to five-year high for November

(Reuters) – Auto sales in November raced to a five-year high for that month on a rebound from storm-ravaged October and the need to replace aging vehicles, leaving industry executives optimistic about 2013. Read more on Reuters.com

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Are state, local tax incentives worth it?

A New York Times investigation has examined and tallied thousands of local incentives granted nationwide and has found that states, counties and cities are giving up more than $80 billion each year to companies. The beneficiaries come from virtually every … Continue reading

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Settlement could see 5.8 percent increase in KU bills

Customers of Kentucky Utilities and Louisville Gas and Electric Company could see their bills increase at the first of the year. KU announced the company has reached an agreement with intervening parties to settle a rate case currently before the Kentucky … Continue reading

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Northern Kentucky leaders thinking big for riverfront development

By the year 2020, Northern Kentucky leaders envision a riverfront region filled with new developments and projects, both large and small, that create a bustling, vibrant place to live, work and play. That’s the vision behind Imagination 2020, a new plan … Continue reading

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Consumer Confidence in U.S. Reaches Four-Year High

Consumer confidence rose in November to the highest level in more than four years, a sign U.S. household spending will keep growing. Read more of the Conference Board’s latest Confidence Index on Bloomberg.com

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Fiscal battle over mortgage deduction

WASHINGTON (CNNMoney) — Washington should stay away from touching the mortgage interest tax deduction, warns the U.S. housing industry. More from CNNMoney.com

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The next generation of startup cities

NEW YORK (CNNMoney) — Thinking about launching a startup? Then forget Silicon Valley, and try Boulder or Nashville instead. Maybe even Cincinnati. Each took steps to create a startup-friendly environment, and efforts are paying off. Read more on CNNMoney.com

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Buffett wants Jamie Dimon as Treasury secretary

NEW YORK (CNNMoney) — Warren Buffett believes JPMorgan Chase CEO Jamie Dimon would be the best pick for Treasury secretary. More from CNNMoney.com

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Independent farms rake in millions

NEW YORK  – The American farmer might not be as poor as you think. Despite the common notion that family farms have fallen on tough times and been pushed out by big agribusinesses, tens of thousands of families in the United … Continue reading

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Newark Mayor Booker to live on food stamp budget

Newark Mayor Cory Booker rescued a neighbor from a burning building, invited Hurricane Sandy victims to his home, and rushed to the aid of a pedestrian hit by a car. Now he’s going to live on a food stamp budget … Continue reading

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Obama Pushes Health Law Forward With Rules for Insurers

UnitedHealth Group Inc. (UNH) and other health insurers would be able to vary their premiums based only on age, tobacco use, family size or geography under proposed U.S. rules meant to protect people with pre-existing illnesses. More from Bloomberg.com

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Architecture billings rise for fifth straight month: AIA

(Reuters) – A leading indicator of U.S. construction activity improved for the fifth consecutive month in October as demand for design services continued to recover, an architects’ trade group said on Wednesday. More from Reuters.com

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Beshear names new state budget director

Frankfort, Ky – Lexington is losing its budget chief. Gov. Steve Beshear Monday announced longtime budget and policy expert Jane Driskell will join his administration as state budget director in January. Secretary of the Governor’s Executive Cabinet Mary Lassiter has held … Continue reading

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Housing starts hit four-year high in October

(Reuters) – Housing starts rose to their highest rate in more than four years in October, suggesting thehousing market recovery was gaining steam, even though permits for future construction fell. More from Reuters.com

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UBS trader gets seven years’ jail for $2.3 billion fraud

(Reuters) – Former UBS trader Kweku Adoboli was convicted and sentenced to seven years in jail on Tuesday for the biggest fraud in British history, which resulted in a loss of $2.3 billion for the Swiss bank. More from Reuters.com

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Globalism goes backward

They forgot to tell us globalization has a reverse gear. Now companies and countries need to get ready for the ‘inside economy. More from Fortune.CNN.com

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Charities: Hands off our deduction

WASHINGTON (CNNMoney) — Charities and nonprofits are digging in their heels on Capitol Hill as they prepare to defend tax breaks for charitable donations that are under threat from the fiscal cliff. More from Money.CNN.com

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Anti-tax man Norquist defiant at “fiscal cliff” edge

(Reuters) – Prominent American anti-tax crusader Grover Norquist on Monday insisted that his movement was as strong as ever and that Congress would withstand pressure to raise taxes even if more Republican lawmakers are spurning his anti-tax pledge. More from … Continue reading

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BCTC adds 12 acres, buildings to its campus

Bluegrass Community and Technical College’s new campus on Lexington’s Newtown Pike recently grew by nearly 12 acres. The state conveyed the former Department for Juvenile Justice complex to the Kentucky Community and Technical College System, which BCTC will use for … Continue reading

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Lexington automotive parts supplier to expand, add 65 jobs

Webasto Sunroof Systems Inc. plans to expand manufacturing operations in Lexington, creating 65 new, full-time jobs and investing $10 million in the state. Gov. Steve Beshear met to discuss the potential project with Webasto officials this summer during an economic … Continue reading

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Papa John’s hit with $250M class-action lawsuit

A U.S. District Court judge in Seattle has certified a class-action lawsuit against Papa John’s International Inc., calling for as much as $250 million in damages for the alleged transmission of 500,000 text messages to consumers who claim they did … Continue reading

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“Fiscal cliff” already affecting U.S. economy: BofA CEO

(Reuters) – Fiscal brinkmanship in Washington is already affecting the U.S. economy as worried businesses invest less in equipment, Bank of America Corp (BAC.N) Chief Executive Brian Moynihan said. More from Reuters.com

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Congress comes back Tuesday to confront “fiscal cliff”

(Reuters) – Amid a global fright over Washington’s political brinkmanship, U.S. lawmakers return to the capital on Tuesday with a seven-week deadline to reach agreement on scheduled tax hikes and budget cuts that threaten to trigger another recession. More from … Continue reading

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Partisan fight over “fiscal cliff” will harm U.S. economy: Reuters poll

(Reuters) – Any partisan squabbling over the United States’ looming budget crisis will harm its economy, according to a strong majority of economists polled by Reuters after Tuesday’s presidential election. More from Reuters.com

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Republicans say deal can be done on “fiscal cliff”

(Reuters) – A senior Republican senator voiced confidence on Sunday that U.S. lawmakers would forge a deal on the year-end “fiscal cliff,” while a top aide to President Barack Obama signaled a willingness to compromise over raising tax rates on the rich. … Continue reading

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Erskin Bowles: Washington must craft deal on debt

Rarely has it ever been this clear that elected leaders from across the political spectrum need to come together to address our nation’s rising federal debt. Read more here.

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Survey: more than half of Kentucky manufacturers plan to hire in 2013

Fifty-two percent of Kentucky manufacturers say they plan to hire between one and 19 employees in 2013, according to the recently conducted 2012 Annual Manufacturing Wage and Benefits Survey. More from Kentucky News Press Service.

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Obama, fresh from re-election, has little time to savor win

(Reuters) – Fresh from a decisive re-election win, President Barack Obama returns from the campaign trail on Wednesday with little time to savor victory, facing urgent economic and fiscal challenges and a still-divided Congress capable of blocking his every move. … Continue reading

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Job openings slip slightly in Sept

(Reuters) – The number of job openings slipped slightly in September, suggesting the labor market is still recovering at a slow pace, data showed on Tuesday. More from Reuters.com

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Start-ups plan new ways to deal with future disasters

(Reuters) – Floating robots to gather storm data, fuel cells for power outages, and tools to choose evacuation routes and help responders stay connected to the Internet are among the innovations that increasingly will help responders deal with future disasters, start-up companies … Continue reading

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Service sector growth slips in October, hiring picks up

(Reuters) – The pace of growth in the U.S. services sector slowed modestly in October, though a measure of employment improved to its highest in seven months, underscoring expectations the economic recovery will remain modest. More from Reuters.com

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Survey: Restaurants should expect hiring, retention pressures

The People Report Workforce Index, which measures expected market pressures on restaurant employment, rose again for the fourth quarter, indicating operators would continue to face recruitment and retention challenges through the end of the year. Read more from Nation’s Restaurant News.

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Payrolls rise sharply, giving Obama some relief

(Reuters) – Employers stepped up hiring in October and the jobless rate ticked higher as more workers restarted job hunts, a hopeful sign for a lackluster economy that has been a drag on President Barack Obama’s reelection chances. More from … Continue reading

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Factory orders rise but still point to weak investment

(Reuters) – Demand for U.S. factory goods rose in September by the most in over a year, although a gauge of business investment plans pointed to lackluster momentum in the economic recovery despite a slight upward revision. More from Reuters.com

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Time change is this weekend

Daylight Savings Time comes to an end this weekend with the return of Standard Time. At 2 a.m. Sunday, clocks will be turned backward one hour. At that moment, the time will become 1 a.m. Standard Time. With the change … Continue reading

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Analysis: Fiscal cliff could hit economy harder than many expect

(Reuters) – An analysis by Reuters’ Jason Lange indicates that the United States runs the risk of a recession far deeper than many investors and policymakers may think if lawmakers fail to avert looming tax hikes and cuts to public … Continue reading

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Home prices climb further in August

(Reuters) – Home prices gained further traction in August, the latest sign that the housing market is on the mend, a closely watched survey showed on Tuesday. More from Reuters.com

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Home vacancy rate falls to pre-housing bubble levels

(Reuters) – The home vacancy rate, which measures empty properties and those for sale, fell to the lowest level in seven years in the third quarter as demand for housing picked up and economic pressures eased. More from Reuters.com

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Chrysler says not moving Jeep work to China from U.S.

(Reuters) – Chrysler Group LLC Chief Executive Sergio Marchionne on Tuesday reaffirmed that the company is not moving Jeep vehicle production out of the United States to China after it became an issue in the U.S. presidential campaign. More from Reuters.com

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Exclusive: Study shows $1.2 trillion gap for public pensions

(Reuters) – The largest 100 public pension funds have around $1.2 trillion of unfunded liabilities, about $300 billion above the nearly $900 billion they reported themselves, according to a new actuarial study to be released on Monday. More from Reuters.com

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CEOs urge compromise on U.S. fiscal cliff, debt

(Reuters) – Corporate chief executives ramped up their calls on Monday for Congress to reach a compromise deal that keeps the looming “fiscal cliff” from crushing the U.S. economy and starts to shrink U.S. debt levels. More from Reuters.com.

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Retail sales point to stronger economic growth

(Reuters) – Retail sales rose in September as Americans stepped up purchases of everything from cars to electronics, a sign that consumer spending is driving faster economic growth. More from Reuters.com

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Manufacturers to train veterans for factory jobs

(Reuters) – Four of the largest U.S. manufacturers on Monday unveiled plans for a new group committed to train military veterans to work in the manufacturing sector. More from Reuters.com

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U.S. shadow homes inventory lowest in over three years: CoreLogic

(Reuters) – The number of U.S. homes that could soon come onto the market fell to the lowest in more than three years as of July as distressed sales offset new delinquencies in an encouraging sign for the housing market, … Continue reading

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Housing still impediment to U.S. growth: Fed officials

(Reuters) – A disappointing rebound in U.S. housing continues to trip up the country’s overall economic recovery, two influential Federal Reserve officials said on Friday, highlighting a corner of the economy that still frustrates monetary policymakers. More from Reuters.com

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Eleven euro states back financial transaction tax

(Reuters) – Eleven euro zone countries agreed on Tuesday to press ahead with a disputed tax on financial transactions designed to help pay for the cost of fixing a crisis that has rocked the single currency area. More from Reuters.com

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Seum: No succession plan in place if David Williams decides to leave Senate

While Sen. David Williams contemplates his future in Frankfort senators close to Williams say they’ve talked to him and that the move to a judgeship for Williams is a “possibility.” But until that point a key Republican says the caucus … Continue reading

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The Washington Post checks out Cheapside Park

Blue grass, roving minstrels, fiery potions, peanut-butter breezes, dancing zombies, symbol-encrusted loaves of bread: This is either a hallucination or a day in the park. Specifically, Cheapside Park, the public square in Lexington, Ky. The Washington Post’s “Roaming Traveler” visits … Continue reading

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Jobless rate tumbles to near four-year low

(Reuters) – The unemployment rate unexpectedly dropped to 7.8 percent in September, reaching its lowest level since President Barack Obama took office and providing a boost to his re-election bid. More from Reuters.com

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Almost 2,400 Millionaires Pocketed Unemployment Benefits

Almost 2,400 people who received unemployment insurance in 2009 lived in households with annual incomes of $1 million or more, according to the Congressional Research Service. The report was released after about 1.1 million people exhausted their jobless benefits during the second quarter … Continue reading

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Facebook’s new pitch to brand advertisers: forget about clicks

(Reuters) – Facebook Inc, stung by doubts that advertising on the social network delivers enough bang for the buck, is preparing to unveil data to counter its critics and show that “clicks,” the current metric of choice, tell only half … Continue reading

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Beshear starts clock on tax amnesty

In an effort to collect tens of millions of dollars owed to the state in back taxes, Gov. Steve Beshear Monday announced the kick-off of Kentucky’s Tax Amnesty program. Through the end of November, most people and businesses that owe … Continue reading

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State expands online training for occupational safety and health

The Kentucky Labor Cabinet has expanded its free, online training and launched a curriculum-based program that allows workers to achieve three levels of recognition in occupational safety and health training The Safety and Health eLearning Achievement Program allows participants to … Continue reading

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Northern Kentucky says riverfront open for business

Northern Kentucky’s riverfront is open for business, and the region’s leaders are committed to helping spur development in any way that they can. That was the message more than 100 developers and investors heard Wednesday at Northern Kentucky Developers Day, … Continue reading

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State’s jobless rate is down in 98 counties

The state’s jobless rate has declined in 98 of 120 counties over the past year. The jobless rate fell from August of last year to August of this year, according to a news release from the Kentucky Office of Employment … Continue reading

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Weak orders point to sharp slowdown in manufacturing

(Reuters) – Orders for long-lasting U.S. manufactured goods fell sharply in August, suggesting the main engine of the economic recovery was stalling even as a report showing a drop in new claims for jobless aid offered a hopeful sign on … Continue reading

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Seriously delinquent mortgages hit three-year low

(Reuters) – The percentage of seriously delinquent mortgages in the United States hit a three-year low in the second quarter, while the overall quality of mortgages remained little changed, a U.S. regulator said on Thursday. More from Reuters.com

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U.S. Bank website hit by cyberattack

A denial-of-service attack largely blocked access to U.S. Bancorp’s consumer website for much of the day, USBank.com, in the latest cyberattack on a big bank in the past week. More from bizjournals.com

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Home prices rebound

NEW YORK (CNNMoney) — In another sign of a turnaround in the long-battered real estate market, average home prices rebounded in July to the same level as they were nine years ago. Click here for more from CNNMoney.com

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Restaurants oppose $7.2 billion credit-card fee settlement

(Reuters) – The National Restaurant Association said Tuesday it is joining the opposition to a proposed $7.2 billion settlement between some retailers and Visa Inc and MasterCard Inc over fees for credit card transactions. The NRA, which represents the $600 billion … Continue reading

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Analysis: As worst euro fears fade, U.S. fiscal cliff looms

(Reuters) – The euro zone has stepped back from the brink of disaster for now, but the global economy could soon be staring into another abyss if U.S. politicians fail to head off $600 billion in automatic austerity that all but guarantees … Continue reading

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Europe must take “deep breath” and enact reforms: Merkel

(Reuters) – Chancellor Angela Merkel said on Tuesday that Europe could only hope to come out of its crisis stronger and compete in a globalised world if its members pressed ahead with painful reforms and moved to more responsible budget … Continue reading

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Consumers trading down from fine dining to quick service

Casual-dining chains may be missing an opportunity to capture patrons of fine-dining restaurants who are looking to cut back on spending, according to new consumer research by consulting firm Consumer Edge Insight. Read more from Nation’s Restaurant News.

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U.S., allies in Gulf naval exercise as Israel, Iran face off

(Reuters) – The United States and its allies have launched a major naval exercise in the Gulf that they say shows a global will to keep oil shipping lanes open as Israel and Iran trade threats of war. More from Reuters.com

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FedEx Says Economy Is Stalling, Cuts Outlook

NEW YORK (AP) — FedEx Corp. says the global economy is stalling, and it’s going to get worse next year. The world’s second largest package delivery company cut its forecast for the fiscal year ending in May, citing slow trade and … Continue reading

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Motorola launches Intel-powered smartphone

(Reuters) – Google’s Motorola Mobility unveiled its first smartphone handset to be powered by an Intel processor on Tuesday, featuring a wide screen and longer-life battery to better compete against Apple’s iPhone and Samsung. More from Reuters.com

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When politics are good, and bad, for small business

Is it good business to let your customers know your politics? For Scott Van Duzer, owner of Big Apple Pizza & Pasta Italian Restaurant in Palm Beach, Florida and a registered Republican, the answer may be no. Last weekend he gave … Continue reading

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Uncertainty is adding to U.S. jobless rate: Fed paper

(Reuters) – Uncertainty over the economic outlook has added between one and two percentage points to the U.S. unemployment rate since 2008, according to an estimate from the San Francisco Federal Reserve Bank. More from Reuters.com

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Fed bets big in new push to rescue economy

(Reuters) – The Federal Reserve launched another aggressive stimulus program on Thursday, saying it will buy $40 billion of mortgage-backed debt per month until the outlook for jobs improves substantially as long as inflation remains contained. More from Reuters.com

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Tom Eblen: Centre College students are proud of their ‘civility pledge’

Students at Centre College in Danville have signed a “civility pledge” that might serve as a model for an increasingly partisan nation. The story from Lexington Herald-Leader columnist Tom Eblen.

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U.S. Rating May Be Cut by Moody’s If Debt-to-GDP Not Reduced

The U.S. may lose its top credit rating from Moody’s Investors Service unless lawmakers are able to reduce the percentage of debt to gross domestic product during budget negotiations next year. More from Bloomberg.com

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July trade gap widens as exports to Europe slump

(Reuters) – The U.S. trade deficit grew slightly in July, a small bit of negative news for the U.S. economy, as exports to Germany, France and other European nations shrank and imports from China soared to a new record. More from Reuters.com

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Jobs rut tips scales in favor of Fed stimulus

(Reuters) – The Federal Reserve looks set to launch a third round of bond purchases this week to try to drive borrowing costs lower and breathe more life into an economy that is not growing fast enough to lower unemployment. … Continue reading

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Small business confidence rises in August

(Reuters) – Small business sentiment rose in August for the first time in four months as more owners anticipated better business conditions after the November 6 elections and increased sales. More from Reuters.com

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Five steps to local sourcing for restaurants

Local sourcing isn’t a one-size-fits-all operation for restaurants. Operators must consider factors such as restaurant or chain size, concept and philosophy, and menu ingredients when tailoring an approach. However, operators who are looking into sourcing products locally can follow a few … Continue reading

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Job growth cools, posing challenge for Obama, Fed

(Reuters) – Jobs growth slowed sharply in August, setting the stage for the Federal Reserve to pump additional money into the sluggish economy next week and dealing a blow to President Barack Obama as he seeks re-election. More from Reuters.com

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Lackluster economy shows stronger pulse

(Reuters) – Companies added staff in August at the fastest clip in five months and a gauge of employment in the service sector also improved, upbeat signals for a struggling labor market. More from Reuters.com

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U.S. online job demand rises in August

(Reuters) – A monthly gauge of online labor demand in the United States rose in August from July, led by jobs available in the agriculture, forestry, fishing and hunting industry, the operator of a job search website said on Friday. … Continue reading

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Service sector growth rises in August: ISM

(Reuters) – The pace of growth in the massive services sector rose in August on the back of a rebound in employment, beating expectations, though a measure of new orders declined, according to an industry report. More from Reuters.com.

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Jobless claims fall to lowest level in a month

(Reuters) – The number of Americans filing new claims for jobless benefits fell last week to its lowest level in a month, an upbeat signal for a labor market that has struggled to create enough jobs. More from Reuters.com

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Lexmark Takeover Seen With Shares Cheapest In Industry: Real M&A

Lexmark International Inc. (LXK) is poised to lure potential buyers with the least expensive technology valuation in America as the printer company’s closure of its inkjet operations spurs takeover speculation. More from Bloomberg.com

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The low-wage jobs explosion

Some 58% of the jobs created during the recovery have been low-wage positions, according to a new report by the National Employment Law Project. More from CNNMoney.com

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Ford, Chrysler report better-than-expected U.S. sales

(Reuters) – Auto sales continued to show a slow but steady recovery in August, as Ford Motor Co and Chrysler Group LLC reported sales gains that slightly outstripped analyst expectations. More from Reuters.com

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Manufacturing sector shrinks for third straight month: ISM

(Reuters) – Manufacturing shrank at its sharpest clip in more than three years in August, the third month of contraction in a row, and firms hired the fewest workers since late 2009, a survey on Tuesday showed. More from Reuters.com

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Leadership Lessons From The Geniuses Of Jazz

Frank J. Barrett, a professor of management and global public policy at the Naval Postgraduate School in Monterey, Calif., is also a jazz pianist who has led his own trios and quartets and traveled withthe Tommy Dorsey orchestra. In his … Continue reading

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Home prices gain for fifth month in June: S&P

(Reuters) – Home prices rose more than expected in June, the fifth month in a row of gains in a fresh sign of improvement in the housing market, a closely watched survey showed on Tuesday. More from Reuters.com

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Ford readies Lincoln launch in China by 2014

(Reuters) – Ford Motor Co (F.N) will launch its Lincoln brand in China within two years as it races to catch up with rivals in the world’s largest auto market and home to a growing number of luxury buyers. More from Reuters.com

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HP posts mega-loss after EDS writedown

(Reuters) – Hewlett-Packard Co reported on Wednesday a loss of $8.85 billion after a writedown on the value of its services business, mostly related to its purchase of Electronic Data Systems Corp. Get more from Reuters.com

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Analysts: Recession Likely Without Budget Accord

A new recession is likely if a stalemate over tax and spending cuts continues between Democrats and Republicans, according to fresh, dire projections by the nonpartisan Congressional Budget Office. Get more from Yahoo.com

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Why green energy startups are now ‘toxic’

NEW YORK (CNNMoney) — Green energy startups are feeling the sting of rejection by investors concerned about falling energy prices and the future of government support. More from CNNMoney.com

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Consumer sentiment at three-month high in early August

(Reuters) – U.S. consumer sentiment improved in early August to the highest in three months as sales at retailers and low mortgage rates spurred Americans to boost their buying plans, a survey showed on Friday. More from Reuters.com

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Apple Now Biggest-Ever U.S. Company

Apple Inc. AAPL +0.94% surpassed Microsoft Corp. MSFT +0.42% Monday as the largest U.S. company ever, measured by stock-market value. Read more on the Wall Street Journal’s wsj.com.

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Wall Street Leaderless In Rules Fight As Dimon Diminished

Wall Street, the global financial community reeling from public outrage and increased regulation, is proving incapable of finding a champion to replace sidelined JPMorgan Chase & Co. (JPM)Chief Executive Officer Jamie Dimon. Here’s more from Bloomberg.com

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Video: An $11.7 million Mercedes

A 1936 Mercedes-Benz 540K Special Roadster sold for $11.7 million at Gooding & Co’s auction in Pebble Beach. Watch a video from CNNMoney.com.

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Retail sales point to rebound in consumer spending

(Reuters) – Retail sales rose in July for the first time in four months as demand climbed broadly for everything from cars to electronics, a sign that consumers could drive faster economic growth in the third quarter. More from Reuters.com.

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Ryan’s controversial Social Security plan he doesn’t discuss

NEW YORK (CNNMoney) — Representative Paul Ryan has long wanted to let Americans invest part of their Social Security taxes in private investment accounts. But neither Ryan nor Romney have said much about private Social Security accounts lately. Ryan dropped it … Continue reading

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New gadget will help track Fayette school children who ride buses

Fayette County school buses will carry a new electronic feature this year designed to help district officials and parents keep closer track of elementary students going to and from school. More from Jim Warren of the Lexington Herald-Leader.

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Crowdfunded businesses may owe taxes, too

Crowdfunding on sites like Kickstarter or Indiegogo Inc is a relatively new way to raise funds. It allows an entrepreneur to get proceeds for a specific project, often offering “rewards” to those who pledge. But one important thing has been overlooked: … Continue reading

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Budget gap narrows to $69.6 billion in July vs. year ago

(Reuters) – The monthly U.S. budget deficit shrank to $69.6 billion in July from $129.4 billion in the same month a year ago, reflecting a rise in government receipts and a drop in spending. More from Reuters.com.

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Toyota’s US expansion could impact Kentucky

GEORGETOWN, Ky. (WKYT) – More jobs could soon be coming to Georgetown. Toyota says it’s looking to expand production in the US, particularly of it’s popular Lexus ES Sedan. More from  WKYT Newsfirst.

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New safety standard requires coal mine operators to find, fix safety hazards

A new safety standard that took effect Monday is aimed at better protecting underground miners from the types of conditions that contributed to a deadly blast at a West Virginia mine in April 2010, according to federal regulators. More from … Continue reading

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Job openings highest in four years in June

(Reuters) – Job openings in June were the highest in four years but the pace of hiring slowed from the prior month, government data showed on Tuesday. More from Reuters.com.

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With crowdfunding, experts urge caution before businesses raise funds

When President Obama signed the JOBS Act in April, it opened the door for entrepreneurs to fund their businesses via crowdfunding websites, a digital-age first. It also cut out lots of red tape, as the act provides crowdfunded business and investors … Continue reading

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State budgets face “considerable challenges”: study

(Reuters) – Their revenues are improving and their budget shortfalls are disappearing, but U.S. states face both domestic and international economic threats that could cut short their nascent recoveries, according to a report released on Tuesday. More from Reuters.com.

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As elections loom, Fed’s Fisher sees policy minefield

(Reuters) – New steps by the U.S. Federal Reserve to stimulate the economy so close to a presidential election would be a mistake, a top Fed official said on Monday, warning it could create a false impression of bowing to … Continue reading

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Jobs increase in July, but jobless rate rises to 8.3 percent

(Reuters) – Employers in July hired the most workers in five months, but an increase in the jobless rate to 8.3 percent will probably keep expectations of additional monetary stimulus from the Federal Reserve intact. More from Reuters.com

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Group opposing I-75 Jessamine connector is growing

There is a small group of determined citizens in Jessamine County which have one goal — stop the I-75 connector. The Interstate 75 project will link Nicholasville to northern Madison County near exit 95. The project is currently in its … Continue reading

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Get your flu shot now

August is here and it may be time for a flu shot. Public health officials say it’s not too early for protection against influenza. State epidemiologist Craig Humbaugh says the earlier, the better. “It’s really never too early to get … Continue reading

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Fed says economy weaker but leaves policy on hold

(Reuters) – The Federal Reserve stopped short of offering new monetary stimulus on Wednesday even as it signaled further bond buying could be in store to help a U.S. economic recovery that it said had lost momentum this year. More … Continue reading

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Private sector adds more jobs than expected in July

(Reuters) – Companies hired more workers than expected in July as the labor market slowly chugged along, but the country’s manufacturing sector remained weak last month, data showed on Wednesday. More from Reuters.com

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Abramson has high hopes for tax panel

Lt. Gov. Jerry Abramson has high hopes for a special commission that is studying the state tax code. Abramson is chairman of the 17-member commission created by Gov. Steve Beshear in February that has already held four public hearings, and … Continue reading

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Coal industry sheds jobs, leaving Eastern Kentucky economy in tatters

The impact of an estimated 2,000 mining layoffs this year is hitting home across the mountainous coal counties of Eastern Kentucky. The century-old coal industry in Eastern Kentucky has always been cyclical, spiking in the 1970s and then dwindling over … Continue reading

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New downtown Cincinnati hotel to open in 2014

The historic Enquirer Building in downtown Cincinnati is finally set to get its long anticipated makeover. However, this time it will be as a hotel instead of the residences originally envisioned for the 86-year-old tower. Read more from the Business Courier.

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Rising home prices show traction in housing recovery

(Reuters) – Single-family home prices rose for the fourth month in a row in May when adjusting for seasonal swings, suggesting the recovery in the housing market continued to gain traction. More from Reuters.com

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A Republican’s push for a carbon tax

NEW YORK (CNNMoney) — Calls for a carbon tax on fossil fuels like gasoline and coal are coming from a surprising quarter these days — Republicans. In recent weeks, several prominent Republican thinkers have floated the idea of imposing higher taxes … Continue reading

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Fed Weighs Cutting Interest On Banks’ Reserves After ECB Move

Federal Reserve Chairman Ben S. Bernanke may be taking another look at cutting the interest rate the Fed pays on bank reserves to bring down short-term borrowing costs and spur the slowing U.S. expansion. More from Bloomberg.com

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Euro zone crisis heads for September crunch

(Reuters) – Over the past couple of years, Europe has muddled through a long series of crunch moments in its debt crisis, but this September is shaping up as a “make-or-break” month as policymakers run desperately short of options to … Continue reading

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Morgan Stanley rejiggers brokerage regions, cuts four top jobs

(Reuters) – Morgan Stanley has eliminated four regional manager jobs in a reorganization of its brokerage joint venture that trims the number of regions, the second time in eight months it has reduced its manager ranks. More from Reuters.com

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Jobless claims fall, still volatile due to auto jobs

(Reuters) – The number of Americans filing new claims for jobless benefits fell last week to near a four-year low but an unusual pattern for summer factory shutdowns kept hopes in check that the weak labor market was improving. Read … Continue reading

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Durable goods orders ex-transportation fall in June

(Reuters) – New orders for a range of long-lasting manufactured goods fell in June and a gauge of planned business spending plans dropped, pointing to a slowdown in factory activity. Read more on Reuters.com

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Economists issue euro crisis blueprint, warn disaster looms

(Reuters) – The eurozone faces economic disaster unless its financially stronger states and its central bank commit to bearing a larger share of the region’s debt burden, leading global economists including two advisers to the German government said. Read more … Continue reading

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As China costs rise, technology lures U.S. factories home

After decades roaming the world in search of lower costs, U.S. manufacturers are finding that factories at home can compete with China, India, Mexico and other low-cost countries. Read more on Reuters.com

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Washington must act to avoid damaging economy: Geithner

(Reuters) – A wave of tax increases and billions of dollars in automatic spending cutswould cause “a lot of damage” to the fragile economy, Treasury Secretary Timothy Geithner said on Monday.  Read more on Reuters.com

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Manufacturing growth slowest in 19 months: Markit

(Reuters) – Manufacturing this month expanded at its slowest pace since late 2010. Read more on Reuters.com

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Can urban farming go corporate?

Farms have sprouted in cities across the country over the past several years as activists and idealists pour their sweat into gritty soil. Now Paul Lightfoot wants to take urban agriculture beyond the dirt-under-your-nails labor of love. He wants to … Continue reading

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Manufacturers leery of losing breaks for tax rate cut

(Reuters) – Manufacturing executives told lawmakers on Thursday they are not ready to trade major tax breaks for a 10-point cut in the corporate tax rate to 25 percent, a key feature in the major Republican proposals for tax reform.

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June oil demand drops 3 percent from year ago: API

(Reuters) – Crude oil demand dropped in June, bogged down by the flagging U.S. economy, industry group American Petroleum Institute said on Friday.

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Data shows economy mired in weakness

(Reuters) – The slowdown in the U.S. economy persisted early in the third quarter with factory activity in the U.S. Mid-Atlantic region contracting in July for a third straight month and new claims for jobless aid surging last week.

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Fiscal cliff fight: What you need to know

NEW YORK (CNNMoney) — Which is worse: Republicans’ threat to not raise the debt ceiling without more spending cuts? Or Democrats’ threat to go off the fiscal cliff unless taxes go up on the rich? It’s a perverse question. The … Continue reading

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Housing starts a bright spot for cooling economy

(Reuters) – Groundbreaking on new homes rose in June to its fastest pace in over three years, lending a helping hand to an economy that has shown worrisome signs of cooling.

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IMF calls for action as euro crisis escalates

NEW YORK (CNNMoney) — The International Monetary Fund urged euro area policy makers Wednesday to address the worsening crisis in the currency zone.

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Underemployed grads: Suffering from college major remorse?

After getting a taste of the job market, some recent grads are wishing they had chosen a “more practical” college major, according to a recent survey.

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Pub customers help themselves via tablets and self-service beer

It wasn’t long ago that Springwise.com featured Kuala Lumpur jazz club No Black Tie’s service enabling patrons to order their drinks using BlackBerry Messenger, but recently the online business trends spotter came across another effort with a similar focus on self-service. Set … Continue reading

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June industrial output rises on factory rebound

(Reuters) – U.S. industrial output expanded in June on a rebound in manufacturing, a reassuring sign for an economy that has looked wobbly in recent months.

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Gasoline prices dampen consumer inflation

(Reuters) – Consumer prices were flat in June as the cost of gasoline dropped, offering some relief for cash-strapped Americans and scope for the Federal Reserve to ease monetary policy further to help the faltering recovery.

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Bernanke says Fed prepared to do more to boost jobs

(Reuters) – The Federal Reserve stands ready to offer additional monetary support to a U.S. economy that has slowed significantly in recent months, Fed Chairman Ben Bernanke told lawmakers on Tuesday.

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Drought expanding, minimal relief seen

(Reuters) – Hot, dry weather for the next two weeks will continue to stress corn and soybean crops in the western and northern U.S. Midwest, while rainfall in the east will provide some relief to the struggling soybean, an agricultural … Continue reading

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Many more homeowners using Obama refinance plan: regulator

(Reuters) – The number of underwater homeowners refinancing through an Obama administration anti-foreclosure program has picked up sharply since its expansion late last year, according to figures a housing regulator released on Monday.

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Wall Street Week Ahead: Earnings, Bernanke promise active week

(Reuters) – Investors are looking at an onslaught next week. If it’s not corporate earnings, it’s Ben Bernanke talking about economic issues before Congress.

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Consumers gloomier on jobs, finances

(Reuters) – Consumer sentiment cooled again in early July to its lowest level in seven months as Americans took a dim view of their finances and job prospects, a survey released on Friday showed.

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Obama spending binge never happened

WASHINGTON (MarketWatch) — Of all the falsehoods told about President Barack Obama, the biggest whopper is the one about his reckless spending spree. As would-be president Mitt Romney tells it: “I will lead us out of this debt and spending … Continue reading

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Many Wall Street executives say wrongdoing is necessary: survey

(Reuters) – If the ancient Greek philosopher Diogenes were to go out with his lantern in search of an honest man today, a survey of Wall Street executives on workplace conduct suggests he might have to look elsewhere.

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Top Fed officials set table for more easing

COEUR D’ALENE, Idaho (Reuters) – Three top Federal Reserve policymakers on Monday laid the groundwork for a third round of bond purchases, saying the U.S. recovery was weak and unemployment far too high.

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Einhorn says Fed stimulus counterproductive

(Reuters) – David Einhorn, founder and president of hedge fund Greenlight Capital, told CNBC on Tuesday that the U.S. Federal Reserve’s economic stimulus program was counterproductive.

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“Small business” hard to define in Bush tax cut debate

(Reuters) – Republicans blasted President Barack Obama on Monday for punishing small businesses with his push to let low tax rates on the wealthy expire, but the truth is more complicated.

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May consumer credit expands most in five months

(Reuters) – Consumer credit expanded in May by the most in five months as Americans used their credit cards more readily, offering hope household spending will help the sputtering economy.

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Analysis: Anxiety mounts as economy limps into second half

(Reuters) – A slew of weak economic data is casting doubts over expectations of a pick-up in growth in the second half of the year. From manufacturing to job growth to consumer spending, the numbers have been grim, and economists … Continue reading

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U.S. cities face $2 trillion in unfunded pension costs

(Reuters) – U.S. states and localities have run up more than $2 trillion of unfunded pension liabilities, Moody’s Investors Service said on Monday, citing data on plans offered by 8,500 local governments and over 14,000 individual entities.

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5 graduate degrees that don’t pay off

In today’s tough job market, many recent college graduates are enrolling in graduate programs to enhance their credentials and gain an edge with hiring managers. In some cases, the tactic may lead to lucrative job opportunities. A recent report from … Continue reading

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U.S. home prices up, local prices down in May: CoreLogic

(Reuters) – U.S. home prices rose in May in a fresh sign the battered sector is stabilizing, data analysis firm CoreLogic said on Monday. In Lexington-Fayette, however, home prices, including distressed sales, declined by 3.5 percent in May 2012 compared … Continue reading

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Factory orders rise more than expected in May

WASHINGTON (Reuters)- New orders for U.S. factory goods rose more than expected in May, a hopeful sign for U.S. manufacturers who have appeared more vulnerable to Europe’s festering debt crisis.

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Berkshire’s Pederson Says U.S. Businesses Scaling Back

Berkshire Hathaway Inc. (BRK/A)’s furniture- rental unit saw a slowing in demand from business clients in the second quarter, indicating that firms are curbing spending on projects amid less optimism about the U.S. economy.

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States, localities face $2 trillion unfunded pension costs

More from Reuters.com

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Construction outlays pick up in May

WASHINGTON (MarketWatch) — Outlays for U.S. construction projects jumped in May, a government report showed. Construction spending rose a stronger-than-expected 0.9% in May to a seasonally adjusted annual rate of $830.0 billion, the Commerce Department reported Monday. Read more from … Continue reading

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Manufacturing shrinks, first time in nearly three years

(Reuters) – The manufacturing sector shrank unexpectedly in June for the first time in nearly three years as new orders tumbled, one of the starkest signs to date of the extent of the slowdown in the economy.

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Eurozone unemployment rises to record high 11.1%

NEW YORK (CNNMoney) — Reports on Europe’s job market and manufacturing sector both show the region’s economic woes persist. The unemployment rate in the eurozone’s 17 nations rose to a record 11.1% in May, the highest level since the euro … Continue reading

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States rush to meet health law deadline

The Supreme Court’s decision to uphold the Affordable Care Act shifts the focus from whether sweeping changes to the health insurance market should take place to a scramble to meet the law’s rapidly approaching deadlines. A number of largely Republican-led states that gambled … Continue reading

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Analysis: Why Roberts saved Obama’s healthcare law

(Reuters) – In the end, it all came down to Chief Justice John Roberts, the sphinx in the center chair, who in a stunning decision wove together competing rationales to uphold President Barack Obama’s healthcare plan. Roberts’ action instantly upended … Continue reading

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Kentucky views on Supreme Court heath care ruling

As high court upholds the health care law, Gov. Steve Beshear orders creation of state insurance exchange; questions remain about Medicaid. More from Tara Kaprowy for Kentucky Health News.

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Restaurant industry critical of healthcare ruling

Members of the foodservice industry expressed deep disappointment and concern after the U.S. Supreme Court announced its decision on Thursday to uphold President Barack Obama’s highly controversial health care law.

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Supreme Court upholds centerpiece of Obama healthcare law

(Reuters) – A sharply divided Supreme Court on Thursday upheld the centerpiece of President Barack Obama’s signature healthcare overhaul law that requires that most Americans get insurance by 2014 or pay a financial penalty.

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Immigrants file most patents at top schools

NEW YORK (CNNMoney) — A new study shows immigrants file 76% of patents at the nation’s top schools. Now, the question is how to keep those bright minds in the country.

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Pending home sales match two-year high

(Reuters) – Contracts to purchase previously owned U.S. homes matched a two-year high in May, fueling optimism the housing market is poised for a recovery.

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Court upholds EPA’s greenhouse gas rules

(Reuters) – A U.S. appeals court on Tuesday upheld the first-ever U.S. proposed rules governing heat-trapping greenhouse gases, clearing a path for sweeping regulations affecting vehicles, coal-burning power plants and other industrial facilities.

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Job search etiquette

Is there a polite — or impolite — way to conduct a job search? The answer is yes, and I take it as a good sign that I hear this question frequently. To entertain and instruct you, here are some … Continue reading

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OECD raises red flag on U.S. long-term unemployment

(Reuters) – The lengthy spells many Americans are spending without work risk leaving a lasting scar of higher unemployment on the U.S. economy and training programs are needed to avert the damage, the OECD said on Tuesday.

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S&P says U.S. faces 20-percent risk of double dip

(Reuters) – The United States faces 20-percent odds of a return to recession, rating agency Standard & Poor’s said on Tuesday, although it said a slow recovery remains the company’s baseline forecast for the world’s biggest economy.

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Home prices up again, but consumers less confident

(Reuters) – Home prices picked up in April for the third month in a row, the latest indication a recovery in the housing market is gaining traction. But in a sign of the struggles still facing the broader economy, separate … Continue reading

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Restaurant industry weighs Supreme Court immigration ruling

The U.S. Supreme Court on Monday ruled on the 2010 Arizona immigration law, upholding one key element and striking down three other parts of the state legislation, which has continued to be a hot-button issue within the restaurant industry.

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Guarding your business when you’re sick

(Reuters) – Financial advisers spend a lot of time creating contingency plans for their clients, but many neglect to prepare for their own worst-case scenario.

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Should you charge for lunch dates?

People whose brains have been picked to death often wind up feeling like they are just being used. As a result, many are now charging for lunch dates.

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U.S. Week Ahead: Obamacare could survive court intact

June 22 – There is a possibility U.S. Supreme Court could leave President Obama’s healthcare program intact when it hands down its ruling which could come as soon as Monday. And Fed speakers hit the road.

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Moody’s downgrade gives edge to safe-haven banks

(Reuters) – Major ratings downgrades by Moody’s will further divide the world’s biggest banks based on their strength and access to cheap customer deposits. The ratings, released Thursday by Moody’s Investors Service, gave a competitive advantage to “safe-haven” banks that … Continue reading

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AEG chosen to manage KFC Yum! Center

AEG Facilities, a Los Angeles-based company that already books concerts and other events at the KFC Yum! Center, has been chosen as the new manager of the downtown Louisville arena.

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Great Recession took deep toll across U.S. states

(Reuters) – The nation’s recent recession had a “broad and deep” impact across the United States, but certain states such as Florida and California were particularly hard-hit, according to a report released on Thursday.

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Manufacturing growth slows, labor market struggling

(Reuters) – Manufacturing grew in June at its slowest pace in 11 months and the number of Americans filing new applications for jobless benefits fell slightly last week, pointing to an economy mired in a soft patch.

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Fed ramps up economic stimulus, ready to do more

(Reuters) – The Federal Reserve on Wednesday delivered another round of monetary stimulus and said it was ready to do even more to help an increasingly fragile economic recovery.

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Adult children move back home in tough economy

(Reuters) – More adult children moved in with their parents amid the recent tough economic times in the United States, according to a U.S. Census Bureau report released on Wednesday.

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Job openings hit five month low in April

(Reuters) – U.S. job openings dropped to a five month low in April, according to a government report on Tuesday that underscored the recent weakness in the labor market.

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Spanish short-term debt costs reach alarm levels

(Reuters) – Spain lurched closer to becoming the largest euro zone country yet to be shut out of credit markets when it had to pay a euro era record price to sell short-term debt on Tuesday.

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June home builder sentiment highest in five years: NAHB

(Reuters) – U.S. homebuilder sentiment nudged upwards in June to its highest level in five years, the National Association of Home Builders said on Monday.

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