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Associated Press

Business

Toys R Us invades the mall for the holidays
By MAE ANDERSON 2010-09-09T03:20:12Z
NEW YORK (AP) -- Toys R Us plans to invade the mall this holiday season, opening 600 temporary "Express" stores in malls and other shopping centers around the country, more than six times last year's count, and hiring 10,000 seasonal workers....


SEC defends $75 million deal with Citigroup
By MARCY GORDON 2010-09-09T03:22:51Z
WASHINGTON (AP) -- The government is defending as "fair and adequate" its $75 million settlement with Citigroup Inc. over charges it misled investors about billions in potential losses from subprime mortgages....


Asian shares rise as Europe worries ease
By 2010-09-09T03:15:42Z
TOKYO (AP) -- Most Asian stock markets advanced Thursday after worries about Europe's financial health eased, sending Wall Street higher....


BP report blames itself, others for oil spill
By HARRY R. WEBER, MICHAEL KUNZELMAN and DINA CAPPIELLO 2010-09-08T20:35:47Z
NEW ORLEANS (AP) -- BP took some of the blame for the Gulf oil disaster in an internal report issued Wednesday, acknowledging among other things that it misinterpreted a key pressure test of the well. But in a possible preview of its legal strategy, it also pointed the finger at its partners on the doomed rig....


Bank of Korea keeps interest rate near record low
By 2010-09-09T03:14:50Z
SEOUL, South Korea (AP) -- South Korea's central bank left its key interest rate near a record low Thursday for a second straight month amid a weakening outlook for the global economy....


Appeals court lets government halt torture lawsuit
By PAUL ELIAS 2010-09-09T01:51:34Z
SAN FRANCISCO (AP) -- A sharply divided federal appeals court on Wednesday threw out a lawsuit challenging a controversial post-Sept. 11 CIA program that flew terrorism suspects to secret prisons....


Obama firm, won't yield on tax hike for wealthiest
By JULIE PACE and TOM RAUM 2010-09-08T22:58:23Z
CLEVELAND (AP) -- Politically weakened but refusing to bend, President Barack Obama insisted Wednesday that Bush-era tax cuts be cut off for the wealthiest Americans, joining battle with Republicans - and some fellow Democrats - just two months before bruising midterm elections....


Fed survey sees slower growth in East and Midwest
By JEANNINE AVERSA 2010-09-08T22:08:02Z
WASHINGTON (AP) -- The economy lost strength in late summer as factory production weakened in areas of the East Coast and Midwest....


Wind-whipped fires add to Detroit's economic woes
By COREY WILLIAMS and JEFF KAROUB 2010-09-09T03:21:38Z
DETROIT (AP) -- For a city already struggling with high unemployment, widespread foreclosures and deep budget cuts, here was another crisis: Wind-whipped fires tearing through row after row of homes, some of them abandoned....


Goldman seen paying $30 million British fine
By The Associated Press2010-09-09T02:19:10Z
Goldman Sachs & Co. is expected to be fined around $30 million by British authorities following an investigation of the big Wall Street bank's activities in London, according to news reports Wednesday....



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