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Business News
Markets Right Now: US edge higher in early trading
NEW YORK (AP) -- The latest on developments in global financial markets (all times local):...
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US auto sales expected to hit record in first 6 months
DETROIT (AP) -- U.S. auto sales may be slowing, but they're still expected to set a record in the first six months of this year....
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As desire to acquire mounts, so does risk of losses
NEW YORK (AP) -- The word suggests compassion, benevolence. It even sounds nice....
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US income gap widened last year as top 1 percent gained most
WASHINGTON (AP) -- Financial inequality became even wider in the United States last year, with average income for the top 1 percent of households surging 7.7 percent to $1.36 million....
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Some of the worst acquisitions ever, and the billions lost
Companies have dug deep in their pockets to buy other companies recently, raising the risk that they've overpaid. If true, investors will suffer. Companies would be forced to "write down" their goodwill, an asset on financial statements that represents the premiums paid in deals, and the losses would cut into earnings....
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