May 23, 2013

More Headlines

US Treasury Reports $113B Surplus in April

The U.S. Treasury says it took in a surplus of $113 billion in April, the largest in five years. That lowered the federal deficit through the first seven months of the budget year and kept it on pace to be the smallest since 2008.

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Obama Emphasizes Trade with Latin America

President Barack Obama says the U.S. places great importance on its trading relationships with Latin America and will keep working to improve those ties and help the region become more competitive.

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Big Weekend For Sports Books

Its been called the most exciting 2 minutes in sports. We are talking about the Kentucky Derby which runs on Saturday after 3:00 in the afternoon. Local sports books have extended that two minutes to roughly 48 hours of action.

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EPA Methane Report Further Divides Fracking Camps

A new report from the U.S. Environmental Protection Agency has dramatically lowered estimates of how much of a potent greenhouse gas is being leaked by the natural gas industry despite rapid growth in production.

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IGT Predicts 4th Year of Double-Digit Growth

International Game Technology says a strong performance in its earnings for the second quarter has the Nevada-based slot-machine maker confident it will post its fourth consecutive year of double-digit growth.

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Prom Spending Is on the Rise Again

The prom spending is on the rise again. The recession forced parents and teens to cut back on spending for the annual high school dance, but wallets are finally opening again.

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PETA Buys Shares of SeaWorld Stock

PETA

PETA has purchased newly-issued shares of SeaWorld Entertainment Inc., the theme park company that often has been the target of the animal rights group's protests.

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US Business News

  • Wary of China, U.S. Steps Into Sprint's Board
    SoftBank is readying a plan to allow the U.S. government an unusual level of influence over the operations of Sprint, a concession to ease security concerns raised by the proposed cross-border takeover.
  • Online Gambling Bets on Return to U.S.
    PokerStars, the largest online poker company in the world, is playing a difficult hand: Just two years after being shut down in the U.S. it wants to return to the table.
  • The Incredible Vanishing Subsidiary
    Some of the biggest U.S. companies, including Google and FedEx, have quietly removed hundreds of offshore subsidiaries from their publicly disclosed financial filings over the past several years.
  • Finra Upgrades Stock-Market Surveillance
    Finra agreed to take on oversight of two more U.S. exchanges, a move that will improve its surveillance and expand its coverage to about 90% of daily stock trading.
  • Discovery to Launch Online Video Network
    Discovery Communications is launching a video network, dubbed TestTube, with original series available free, hoping to capture younger viewers harder to reach through traditional TV.
  • Clearwire Doesn't Expect Dish to Top Sprint's Bid
    Clearwire said it hasn't had 'substantive' talks with Dish Network since last month, and doesn't expect the satellite-TV operator to top Sprint's sweetened offer for the wireless broadband provider, which Clearwire supports.
  • Pfizer to Spin Off Remaining Zoetis Stake
    Pfizer plans to shed its majority stake in animal-health company Zoetis, continuing Pfizer's efforts to its hone its focus on drugs and vaccines for humans.
  • Saks, Neiman: A Possible Fit?
    KKR is weighing an investment in Saks, possibly with an eye toward merging the high-end department store with rival Neiman Marcus, according to a person familiar with the matter.
  • Tesla Repays U.S. Loan
    Luxury electric-car maker Tesla Motors said it fully repaid a $452 million federal loan and said it would be able to finance development of its next two vehicles without selling new shares.
  • GE Weighs Selling Off Big Parts of Finance Arm
    General Electric is thinking more seriously about selling off large parts of its financial business, which investors want to shrink.