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Airlines Collected Record Baggage Fees in 2012

Posted: 1:49 PM U.S. airlines collected more than $6 billion in baggage and reservation change fees from passengers last year - the highest amount since the fees became common five years ago.

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Google CEO Discloses Vocal Cord Problem

Posted: 1:24 PM Google CEO Larry Page is finally disclosing the health problem that spooked investors last summer when he mysteriously lost his voice.

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US Treasury Reports $113B Surplus in April

Posted: 2:57 PM 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 to Launch Series of Trips on Economic Plans

Posted: 1:42 PM The White House says President Barack Obama's trip to Austin, Texas, on Thursday will kick off a series of day trips aimed at highlighting his proposals on jobs and the economy.

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Obama Emphasizes Trade with Latin America

Posted: 12:02 PM 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

Updated: 8:47 AM 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

Posted: 12:46 PM 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

Posted: 8:31 AM 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

Posted: 11:56 PM 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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Goodell Meets With Browns Owner Over Investigation

Updated: 1:54 PM The FBI alleges widespread fraud of customers at Pilot Flying J, the country's largest diesel retailer. Haslam has said he won't step aside from the Browns or as the company's CEO.

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Apple to Dole out $100B to Shareholders

Posted: 2:06 PM Apple is finally opening the doors to its bank vault, saying it will distribute $100 billion in cash to its shareholders over two years.

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PETA Buys Shares of SeaWorld Stock

PETA

Posted: 12:15 PM 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

  • Pricey Beef Puts Heat On U.S. Grilling Season
    Here's the beef: Enjoy the Memorial Day grilling, because retail beef prices are widely expected to set new records in coming weeks.
  • Bausch & Lomb Nears $9 Billion Sale
    Bausch & Lomb, which is owned by private-equity firm Warburg Pincus, is nearing a deal to sell itself to generic-drug maker Valeant for about $9 billion.
  • P&G's Lafley Begins New Talent Hunt
    Procter & Gamble's A.G. Lafley, newly returned as CEO, must repopulate a depleted pool of top executives as he prepares a major overhaul and considers succession.
  • U.S. Firm's Gear Seen Aiding Syria
    Syria's telecommunications providers continue to use technology by Blue Coat Systems to monitor Internet usage, according to Telecomix, a hacker-activist group that has tracked the previous use of the technology.
  • Bausch & Lomb Unit to Pay $33.5 Million to Resolve Charges
    Ista Pharmaceuticals has agreed to pay $33.5 million to resolve charges that it promoted its anti-inflammatory drug Xibrom for unapproved uses in an effort to boost sales, the Justice Department said.
  • Hulu Suitors Line Up
    Yahoo submitted a bid to acquire Hulu, as the Internet company tries to add more high-quality online video that can appeal to advertisers.
  • Google Pushes Into Emerging Markets
    Google is deep into an effort to fund, build and help run wireless networks in emerging markets such as sub-Saharan Africa and Southeast Asia, a move that could connect a billion or more new people to the Internet.
  • Abercrombie & Fitch Posts Loss
    Teenage-apparel retailer Abercrombie & Fitch reported a sharp drop in quarterly sales, but said it is having success fixing inventory problems.
  • Turkey Moves to Curb Alcohol Sales
    Turkey moved to curb alcohol sales and restrict advertisements in a move likely to deepen outrage among secular Turks who accuse the government of having an Islamist agenda.
  • Chile Fines Barrick Gold Over Big Mine Project
    The Chilean government fined Barrick $15.8 million for alleged breaches in environmental controls at its flagship Pascua-Lama mine.
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