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Government fines GM $35 million for safety violations

Posted: 05/16/2014 - The U.S. Transportation Department announced Friday it is fining General Motors (GM) $35 million for safety issues stemming from its delayed recalls of 2.6 million cars due to faulty ignition switches

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Meet the new corporate earnings excuse: Obamacare

Posted: 05/12/2014 - Obamacare is the new buzzword in first-quarter corporate results, with dozens of businesses either blaming the law for raising costs or, in more hopeful terms, citing it as an opportunity to boost revenues.

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How cancer drugs doubled to $10,000 per month

Posted: 05/06/2014 - For cancer patients, life can be full of worry, pain and the stress of needing to take time off from a job. On top of that, many are struggling with a huge jump in the average price tag for branded oncology treatments, which have doubled to $10,000 per month in just a decade.

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How snooty staff at luxury stores actually boost sales

Posted: 05/02/2014 - It turns out that snobby staff at luxury stores can actually get consumers to pay more by making them feel excluded and even more desperate to join the club, according to a forthcoming study to be published in the Journal of Consumer Research.

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Applications for unemployment hit 2-month high

Posted: 05/01/2014 - The number of Americans applying for unemployment benefits rose last week to the highest level since February, more disappointing news for an economy that is supposed to be gaining momentum.

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GOP blocks minimum wage bill in Senate

Posted: 04/30/2014 - Senate Republicans on Wednesday blocked a top legislative and political priority of Democrats, a bill to increase the federal minimum wage to $10.10 an hour.

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Is Bank of America’s $4 billion blunder proof it’s too big?

Posted: 04/29/2014 - Bank of America's (BAC) embarrassing disclosure on Monday that it had miscalculated its capital levels, leading it to report $4 billion more capital on its books than it really had, is renewing criticism that the financial company has grown too large and hard to manage.

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Netflix is raising prices, but not to pad profits

Posted: 04/22/2014 - Netflix (NFLX) announced its first-quarter earnings Monday: profits of $53 million compared to $2.7 million the year before -- a twenty-fold jump -- and 2.25 million new subscribers domestically, with another 1.75 million internationally.

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