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Groupon shares jump 50%

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Friday, November 04, 2011

thelatestGroupon shares jumped more than 50% to almost $31 in its public debut Friday, showing strong demand for a company whose business model is considered unsustainable by some analysts.

 

Jobless claims fall

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Thursday, November 03, 2011

thelatestNew claims for unemployment benefits fell to the lowest level in five weeks, a hopeful sign for the still-weak job market.

 

Senators offer Postal Service rescue plan

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Wednesday, November 02, 2011

thelatestA bipartisan group of senators have a proposal to save the U.S. Postal Service. The plan includes cutting Saturday service, buying out 100,000 jobs and closing many branches.

 

Stores get head start on Black Friday

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Monday, October 31, 2011

thelatestMacy's Inc. and Target Corp. announced plans to open some stores at midnight on Thanksgiving, getting the earliest start to the holiday shopping season ever. With analysts predicting only modest sales gains, the season is likely to be highly competitive for store chains.

 

Big banks backing off fees

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Friday, October 28, 2011

thelatestA month after Bank of America dealt with the wrath of customers for announcing new debit card fees, J.P. Morgan Chase & Co. decided not to charge similar fees.

 

Condit Dam breached

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Thursday, October 27, 2011

thelatestCrews blasted a hole in the nearly century-old Condit Dam in Washington's south Cascades in order to restore habitat for endangered and threatened fish. The dam once produced enough power for 7,000 homes, but PacifiCorp decided to remove the dam instead of install expensive fish passage structures.

 

Obama unveils new student loan payment rules

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Wednesday, October 26, 2011

thelatestPresident Barack Obama announced a plan to let Americans consolidate and reduce interest rates on their student loans. The latest in a string of plans to improve the economy could affect up to 1.6 million students.

 

Home prices climbing in half of U.S., but not in Portland

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Tuesday, October 25, 2011

thelatestHome prices climbed in August in half of major U.S. cities, a sign that prices are beginning to stabilize. However, prices remained stagnant in Portland. 

 

Wikileaks suspends operations

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Monday, October 24, 2011

thelatestWikileaks has suspended operations after many U.S.-based financial institutions blocked donors from giving money to the organization. Founder Julian Assange says it may have to shut down permanently.

 

Chinese solar companies dispute SolarWorld's complaint

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Friday, October 21, 2011

thelatestChinese solar manufacturers say that SolarWorld's U.S. trade complaint is one-sided.

 

Oregon unemployment stuck at 9.6 percent

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Wednesday, October 19, 2011

thelatestOregon unemployment remained stuck at 9.6% in September as state and local governments cut jobs.

 

The seven biggest economic lies

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Tuesday, October 18, 2011

imo-blogThe President’s Jobs Bill doesn’t have a chance in Congress — and the Occupiers on Wall Street and elsewhere can’t become a national movement for a more equitable society – unless more Americans know the truth about the economy, says Robert Reich, Chancellor's Professor of Public Policy at the University of California at Berkeley.

 

Blackberry outage threatens troubled company

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Wednesday, October 12, 2011
thelatestA growing outage in Blackberry service threatens parent company Research In Motion Ltd., an already troubled company.
 

Obama's jobs bill faces first hurdle with Senate vote

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Tuesday, October 11, 2011
thelatestPresident Obama’s jobs bill meets its first big test today as the Senate moves toward a vote on whether to take up the legislation, the centerpiece of Obama’s efforts to revive the economy.
 

Why we mourn Steve Jobs

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Thursday, October 06, 2011
thelatestIt is a strange thing to mourn the death of the chairman of one the most profitable companies in the world. But we do. Alexis Madrigal, a senior editor at The Atlantic, explains why.
 

Anonymous vows to attack NYSE

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Wednesday, October 05, 2011
thelatestThe group of hacker-activists known as Anonymous has vowed to erase the New York Stock Exchange "from the internet" on Oct. 10, in support of the Occupy Wall Street protests.
 

Amazon's Bezos unveils Kindle Fire

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Wednesday, September 28, 2011
thelatestJeff Bezos, founder of Amazon.com Inc., unveiled the Amazon Kindle Fire, a $199 tablet considered to be the first credible response to the Apple iPad.
 

Health-benefit costs rise

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Tuesday, September 27, 2011
thelatestThe cost for businesses to buy health coverage for workers rose the most this year since 2005 and may reach $32,175 for a family in 2021. The average cost of a family policy is currently at $15,073.
 

Is Meg Whitman up to running HP?

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Thursday, September 22, 2011

imo-blogMeg Whitman is allegedly a top pick to be Hewlett-Packard's next CEO, but the to-do list is massive and it's unclear whether swapping leaders will make that much of a difference, says columnist Larry Dignan of CNET News.

 

Oregon foreclosures trending down

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Thursday, September 15, 2011

thelatestMarkedly fewer home foreclosures are being filed in 2011, according to the latest figures released by Eugene-based Gorilla Capital, the state’s largest purchaser of homes sold at foreclosure auction.

 

Oregon unemployment ticks higher

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Wednesday, September 14, 2011

thelatestJob cuts in Oregon government, primarily at school districts, have helped keep the state's unemployment rate high. Oregon's seasonally adjusted unemployment rate was 9.6 percent in August, up slightly from 9.5 percent in July.

 
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