State regulators say a southern Nevada-based bank has failed and its deposits are being transferred to another state bank. Officials announced Friday that the Security Savings Bank of Henderson was taken over by the Federal Deposit Insurance Corporation. The…

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Nevada bank fails, acquired by Bank of Nevada

Responding to lawmakers who chastised the company for its lavish sponsorship of parties and concerts at a professional golf tournament, Northern Trust Corp. said Friday it will pay back a $1.6 billion federal bailout loan as quickly as possible. Northern…

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Northern Trust says it’ll repay $1.6B gov’t loan

The New York Jets have bolstered their defense in a big way, signing former Baltimore Ravens linebacker Bart Scott to a six-year, $48 million deal. The 28-year-old Scott agreed to terms early Friday, visited the team and signed later in the day, agent Harold…

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Jets sign LB Bart Scott to 6-year deal

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Mapping a New, Mobile Internet

Police in a Chicago suburb say a Wal-Mart employee has died after setting himself on fire outside the store where he worked. Police watch commander Randy Sater says 58-year-old Larry Graziano of Carol Stream set himself ablaze late Thursday outside the store…

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Wal-Mart worker sets himself on fire outside store

Univision Communications Inc., the nation’s top Hispanic broadcaster, on Friday laid off 300 people, or 6 percent of the work force, a spokeswoman confirmed. The company blamed the recession and the “downward pressure this has caused on advertising-related…

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Univision lays off 300, 6 pct of work force

Amazon.com Inc. changed course Friday and said it would allow copyright holders to decide whether they will permit their works to be read aloud using the second-generation Kindle electronic reader’s new text-to-speech feature. The move comes nearly two weeks…

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Amazon.com backtracks on Kindle text-to-speech

Gold prices dipped slightly Friday, marking a fifth straight day of declines that left the contract down 6 percent from a high of just over $1,000 an ounce last week. Oil prices fell. Agriculture futures were mostly lower. Gold’s decline this week has been…

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Gold prices end week down 6 percent

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Money Report: Gold’s Luster, Panic Attacks, Chiquita Slips

After months of cutting oil production it appeared this week that oil producing nations had finally captured some control in the crude markets, at least until the latest batch of economic news sent oil prices falling yet again. Benchmark crude for April…

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Oil prices end the week on the down side

Billionaire media mogul Sumner Redstone’s family theater chain, National Amusements Inc., said Friday it has reached an agreement in principle to restructure $1.46 billion worth of debt. The announcement partially resolves a looming question about the company’…

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National Amusements wins debt restructuring deal

A Los Angeles gang member has been sentenced to life in prison without chance of parole for killing “Judging Amy” teen actress Tara Correa-McMullen and another victim. Damien Watts, 23, was sentenced to consecutive life terms Friday. Correa-McMullen appeared…

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LA gang member gets life for killing teen actress

An annual convention of newspaper editors has been canceled for the first time since World War II, undone by the worst economic crisis since that harrowing era. The American Society of Newspapers Editors’ decision to skip this year’s meeting was announced…

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Newspaper convention canceled amid industry woes

The economy is moving in reverse faster than the government can measure. The contraction for the fourth quarter of 2008 had been estimated at 3.8 percent just a month ago. Then the Commerce Department raised it to an astonishing 6.2 percent Friday _ the…

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Economy moving in reverse faster than predicted

The decline in the economy late last year went from bad to worse _ way worse _ as the Commerce Department revised its first estimate of the change in GDP, or gross domestic product, for the fourth quarter. Government number crunchers are essentially trying to…

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Meltdown 101: Why would a GDP revision be so huge?