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Business-USA
BP Texas City loses power, residents warned
BP Plc s 475,000 barrel per day refinery in Texas City, Texas, lost power at about 10:55 p.m. local time Monday, frightening local residents who were ordered inside to avoid breathing smoke from the refinery s flares.
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Business-USA
Americans hold dim view of U.S. economic outlook: poll
Americans are more pessimistic about the U.S. economic outlook than they have been since the start of the Obama administration and most believe the United States is on the wrong track, according to a New York Times/CBS News poll released on Thursday.
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With much at stake, Japan voices confidence in U.S. debt
Japanese cabinet ministers moved to shore up confidence in U.S. debt on Tuesday after Standard & Poor s threatened to lower its credit rating on the world s largest economy, touching a nerve with one of the largest holders of Treasuries.
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Steve Cohen bidding for minority stake in New York Mets: report
Billionaire hedge-fund manager Steven Cohen is bidding for a minority stake in the New York Mets baseball team as it tries to raise about $200 million to cover losses and pay down debt, the Wall Street Journal reported, citing sources.
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Errors still common in U.S. hospitals
About one in three people in the United States will encounter some kind of mistake during a hospital stay, U.S. researchers said Thursday.
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Small businesses look across borders to add markets
The Department of Commerce, the Small Business Administration and the Export-Import Bank are helping small and midsize firms increase exports.
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Profiling 6 housing markets hitting bottom
Nationwide, home prices are down almost 32% from their 2006 peak. Many economists expect them to fall at least 5% more this year. Some predict even steeper declines.
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Business-USA
Analyst view: Yen rises to record high
The yen surged to a record high against the dollar on expectations that Japanese insurers would need to repatriate the currency in the wake of the devastating earthquake and tsunami that killed thousands in northeast Japan.
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Class-action settlements tied to SEC cases grow
Settlements of securities fraud lawsuits are increasingly tied to U.S. Securities and Exchange Commission cases, a trend likely to continue as the agency increases enforcement activity, a new report shows.
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Factbox: Strategic oil reserves remain an option for U.S.
The U.S. government reiterated that it could tap its strategic oil reserves to safeguard economic growth, as surging gasoline prices threaten to amp up pressure for action.
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Banks receive proposals on troubled mortgages: report
U.S. banks received a proposal from state attorneys general and several federal agencies that could require them to reduce loan balances of troubled mortgage borrowers, the Wall Street Journal said, citing people familiar with the matter.
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Blackstone buys Centro s U.S. malls for $9.4 billion
Private equity firm Blackstone Group LP has bought nearly 600 U.S. shopping malls from Australia s debt-laden Centro Properties for $9.4 billion in one of the biggest global property deals since the credit crisis.
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Scenarios: Messy U.S. budget, spending prospects
The deeply divided U.S. Congress faces a Friday deadline for sending President Barack Obama legislation to keep the federal government funded and running.
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Hyundai empress trumps brother-in-law
www.koreatimes.co.kr delivers the latest information on all events and stories taking place in Korea.
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Florida s Scott takes businessman s ax to budget
Many newly elected Republican governors have pledged to run their states like a business as they grapple with low revenues and multibillion-dollar budget gaps with little relief from a fragile U.S. economic recovery.
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Watchdog gives pay czar s legacy a failing grade
The Obama administration s tough, but short-lived, crackdown on pay at the biggest U.S. banks will have little long-term impact, a bailout watchdog said in a report released on Thursday.
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NYSE considers merge with Deutsche Borse
Stock market operator NYSE Euronext said Wednesday it is in advanced discussions about a combination with Germany s Deutsche Borse.
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Geithner to visit Brazil as U.S. ties improve
U.S. Treasury Secretary Timothy Geithner will try to advance a rapidly improving relationship between Washington and Brasilia and find common ground on issues such as China s undervalued currency when he makes his first official visit to Brazil on Monday.
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Global imbalances returning, could fuel unrest : IMF chief
The world economy has begun improving but is beset by problems such as high unemployment and rising prices which could fuel crippling trade protectionism and violent social unrest, the head of the International Monetary Fund warned on Tuesday.
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Fed likely to hold easing course, note improvement
The Federal Reserve is expected to nod to an improving U.S. economic outlook on Wednesday even as it reaffirms a plan to buy $600 billion in government debt to help speed recovery.
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