NEW YORK (Reuters) – State insurance regulators voted against a proposal to loosen capital requirements for the battered life insurance industry.
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U.S. life insurers denied looser capital requirements
Caution has returned to Wall Street as unemployment claims reached a record high and new home sales hit a record low. The reports were two more glaring signs that the economy is still slumping. The Dow Jones industrial average was down 227 points at the 8,148…
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Stocks fall as unemployment claims reach new high
Declaring that ending pay disparity is not just a women’s issue, President Barack Obama signed legislation Thursday that gives workers more time to take their pay discrimination cases to court. Lilly Ledbetter, the Alabama woman whose story was the impetus…
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Obama signs first bill into law, on equal pay
WASHINGTON (Reuters) – Republicans in the Senate accepted on Thursday President Barack Obama’s offer to search for a compromise on an economic stimulus bill that could end up costing around $900 billion, as long as tax cuts play a large role.
Turkey’s prime minister stalked off the stage at the World Economic Forum red-faced Thursday after reproaching Israel’s president over the Gaza offensive by saying “You kill people.” The packed audience, which included President Barack Obama’s close adviser…
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Turkish PM admonishes Israel president over Gaza
Visit any electronics store and it’s clear that flat-screen TVs are among their best sellers _ and that they hope consumers continue a years-long tradition of upgrading their home entertainment systems for the Super Bowl. Many large TVs are energy hogs,…
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Calif. weighs tough TV energy standards
Lockheed Martin Corp.’s $6.1 billion next-generation presidential helicopter program is at least 50 percent over budget and will need to be re-certified as a national security requirement by the Pentagon’s leadership. The Pentagon in March reported that the…
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Lockheed over budget on $6.1B presidential chopper
A Washington watchdog group says special interests spent a record $3.2 billion to influence lawmakers and policies in the capital last year. That’s a nearly 14 percent increase from a year earlier. The analysis by the nonpartisan Center for Responsive…
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Influence business immune from economic downturn
Three women in New Jersey are accused of abandoning a former friend in the woods in 8-degree weather even though she was wearing just a dress and one shoe. North Bergen police say the victim suffered serious frostbite on both feet and may need surgery. Twenty-…
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NJ women accused of dumping ex-friend in cold
In a Jan. 28 story about satellite TV provider Dish Network Corp., The Associated Press erroneously reported that Goldman Sachs analyst Ingrid Chung expects Dish to be near the release of new video recorders that avoid using technology involved in its patent…
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Correction: Dish Network story
WASHINGTON (Reuters) – State regulators urged Congress on Thursday to restore their authority to protect investors from fraud in the banking sector and to beef up oversight of hedge funds.
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States urge Congress to regulate hedge funds