Citigroup Inc. said Monday that it sold $1.3 billion in credit card assets as the bank reorganizes itself in the wake of government bailouts. The New York-based bank said it sold its entire ownership interest in three North American partner credit card…

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Credit card – Citibank – Financial services – Bank – Business

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Citi sells $1.3 billion in credit card assets

Dan Dorfman at Huffington Post says the US Securities and Exchange Commission investigating whether or not certain investors benefited from inside information when trading Apple stock.

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Is The SEC Probing Trades In Apple Stock?

Florida’s Gov. Charlie Crist and the Seminole Indians have agreed on a new deal to expand gaming at the tribe’s casinos in the state. Crist said Monday that he would sign the proposed compact, even though it doesn’t meet all conditions set by the Legislature….

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Florida – Charlie Crist – United States – Seminole – Society and Culture

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Fla. gov. and Seminoles agree on new gaming deal

Cost-cutting newspapers are losing many of their youngest reporters, editors and photographers at the same time publishers are trying to break some of their old habits and learn new tricks on the Internet. The findings emerged in a recent survey conducted by…

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Newspaper – Publishers – Reporter – Associations – United States

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APME survey: Newspaper cuts clip younger workers

NEW YORK (Reuters) – Stocks fell on Monday as concerns about the global economy’s health weighed on Wall Street, following a hefty sell-off in Chinese equities.

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Wall Street skids on China concerns

A top House Democrat is investigating whether the nation’s largest health insurers have deliberately canceled coverage for small businesses after their employees became sick and sought expensive treatment. Rep. Henry Waxman, D-Calif., sent letters Monday to…

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Henry Waxman – Insurance – Health insurance – United States – Small business

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Democrats probe ‘purging’ of health coverage

The stock market was poised to end August with a sharp drop as worries about the world economy reappeared. Major stock indicators fell at least 1 percent in early afternoon trading Monday after a 6.7 percent plunge in China’s main index that also prompted…

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China – Business – Investing – United States – Futures contract

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Stocks slide after sell-off in Asia

Indexes sagged Monday in sympathy with markets worldwide after China’s benchmark index tumbled 6.7%

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U.S. Stocks Remain Solidly Lower

Privately held air carrier Virgin America has renewed its partnership for three years with a company that provides call routing and voice self-service applications. TuVox said in a statement Sunday that it has been providing passengers of Burlingame, Calif.-…

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Virgin America – Airline – Business – Transportation and Logistics – California

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Virgin America, TuVox extend deal

A former publisher of The Wall Street Journal and the head of a newspaper company are among four new board members chosen by the Star Tribune’s main lenders to lead the newspaper after it emerges from bankruptcy protection. The Star Tribune said Monday that…

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Newspaper – Star Tribune – Wall Street Journal – Bankruptcy protection – Company

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Ex-WSJ publisher among picks to lead Star Tribune

NEW YORK (Reuters) – Oil prices fell nearly $3 to below $70 a barrel on Monday as a big drop in China’s key stock index dented optimism about the pace of economic recovery and a potential rebound in global energy demand.

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Oil drops 4 percent, below $70, on weaker equities

California lawmakers will try again to find common ground on a way to cut the state corrections budget without endangering public safety. Debate is scheduled Monday in the Assembly, which has been unable to secure enough votes to pass a prison bill approved…

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California – Senate – California State Assembly – Criminal justice – United States

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Calif. lawmakers consider scaled-down prison plan

PARIS (Reuters) – Jerome Kerviel, the French former trader blamed by Societe Generale for close to 5 billion euros ($7.2 billion) in losses, was ordered to stand trial on Monday, his lawyer Olivier Metzner told Reuters.

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Ex-trader Kerviel sent to trial over SocGen scandal

Six months ago, Brianna Karp found herself living in an old truck and camper she inherited after the suicide of a father she barely knew. On Monday, her life became a 21st century fairytale when she turned her blog about homelessness into a plum internship…

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Homelessness – Suicide – Death – Poverty – Intern

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Jobless and homeless, blogger scores Elle job

PetroChina is making a US$1.7 billion investment in the Canadian oil sands. Athabasca Oil Sands Corp. said Monday PetroChina is buying a 60 percent working interest in its Mackay River and Dover oil sands projects in northeastern Alberta. Bill Gallacher,…

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Alberta – Athabasca Oil Sands – PetroChina – Dover – Business

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PetroChina to take oil sands stake for $1.7B