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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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Obamacare could cut the cost of car insurance

Posted: 04/10/2014 - Whether you like or hate Obamacare, there's no argument it's having big and unexpected impacts on many aspects of American life. One of the most unexpected: It may lower how much you pay for car insurance.

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More restaurants adopting no-tipping policy

Posted: 04/09/2014 - Are we headed for the end of restaurant tipping? Yet another eatery is opening up to great fanfare, mostly because it has decided to do away with tips.

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Senate sends unemployment insurance extension to a divided House

Posted: 04/08/2014 - The Senate officially passed legislation to extend unemployment insurance benefits Monday afternoon, leaving their bill in the hands of a House that is not just divided between Democrats and Republicans, but among members of the GOP on how to proceed.

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