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Electric carmaker Tesla pays off U.S. loan
DETROIT (Reuters) - Electric carmaker Tesla Motors Inc on Wednesday paid off its U.S. Department of Energy loan nine years earlier than required, using money raised last week in a stock and debt offering. The automaker said on Wednesday that it wired...Tags: Manufacturing and Engineering, Ernest J. Moniz, Solyndra LLC, Economy, Business and Finance, Hybrid Vehicles
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HP raises 2013 outlook as Whitman's plan takes hold
ReutersSAN FRANCISCO (Reuters) - Hewlett-Packard Co raised its 2013 earnings outlook after quarterly results beat low expectations, as CEO Meg Whitman's turnaround plan helped offset shrinking personal computer sales with enterprise computing services. While...Tags: Earnings Forecasts, Economy, Business and Finance, Thomson Corporation, Dell Inc., Hewlett-Packard Co.
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City spending board approves another property tax break
Baltimore's spending board voted Wednesday to approve another property tax break for city homeowners, part of Mayor Stephanie Rawlings-Blake's plan to cut property taxes by 22 percent over 10 years. The tax credit approved by the Board of Estimates would...
Tags: Accounting and Auditing, Business, Stephanie Rawlings-Blake, Economy, Business and Finance, Credit and Debt
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U.S. Justice Dept tells lawmakers no bank is too big to jail
ReutersBy Sarah N. Lynch WASHINGTON, May 22 (Reuters) - A Justice Department official insisted on Wednesday that no financial company is too big to jail, in the department's latest effort to backpedal from statements made in March by Attorney General Eric...Tags: HSBC Holdings plc, Eric Holder, Economy, Business and Finance, Prosecution, U.S. House of Representatives
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China's Lenovo buys and diversifies to outshine PC rivals
ReutersHONG KONG (Reuters) - Lenovo Group Ltd's bold acquisitions in its flagship PC business, a foray into mobile gadgets, and a relatively light debt load are setting it apart from PC rivals as industry shipments take their steepest fall in decades. Lenovo, a...Tags: China, Electronics, Marketing, Samsung Group, Earnings Forecasts
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Glencore shines on busier than expected Wednesday
ReutersBy Shankar Ramakrishnan NEW YORK, May 22 (IFR) - It was busier than expected on Wednesday with the much-anticipated Glencore Funding multiple trancher giving the US high-grade primary market a much-needed USD5bn volume boost. The day ended with...Tags: HSBC Holdings plc, Barrick Gold Corporation, Entergy Arkansas Inc., Deutsche Bank AG, Memorial Day
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Bell city manager calls state audit unfair, defends reform progress
The city manager of Bell called unfair a state report critical of the town’s progress after a massive corruption scandal. State Controller John Chiang issued his final audit on Bell on Wednesday morning, nearly three years after the scandal...
Tags: Bell City Council, John Chiang, Theft, Economy, Business and Finance
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European banks stop sending money to North Korea - aid groups
ReutersBEIJING (Reuters) - European aid groups said their banks in Europe had stopped sending money to North Korea in the wake of U.S. sanctions on Pyongyang's main foreign exchange bank, leaving them scrambling for a solution short of hand-carrying cash into...Tags: North Korea, China, European Union, Pyongyang (North Korea), U.S. Department of the Treasury
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Carrefour sells stake in Middle East venture for $683 million
ReutersDUBAI (Reuters) - Carrefour , Europe's largest retailer, agreed to sell its remaining 25-percent stake in a Middle East joint venture to local partner Majid Al Futtaim (MAF) for 530 million euros ($682.45 million), MAF said in a statement on Wednesday....Tags: Carrefour S.A., Joint Ventures, United Arab Emirates, Dubai (United Arab Emirates), Companies and Corporations
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Fed officials want more progress before bond tapering: minutes
ReutersWASHINGTON (Reuters) - Many Federal Reserve officials earlier this month wanted to see more evidence that the economy was recovering before shifting toward a tapering of their bond purchase program, the Fed said on Wednesday. "Most observed that the...Tags: Federal Reserve, U.S. Congress, Economy, Business and Finance, Ben Bernanke, Central Bank
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Moody's prefers California governor's conservative revenue outlook
ReutersSAN FRANCISCO, May 22 (Reuters) - If California lawmakers rely on the state budget watchdog agency's latest revenue outlook, they may build spending increases into a budget plan at odds with the relatively conservative and cautious plan urged by...Tags: Standard & Poor's Financial Services LLC, Regional Authority, Weather, Marketing, Government
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WRAPUP 4-Bernanke says more progress needed before stimulus pullback
Reuters* Bernanke touts benefits of Fed bond buying * Says end to purchases will depend on economy * Could trim bond buys at one of the "next few meetings" * If anything, "inflation is too low," Bernanke says By Pedro da Costa and Alister Bull WASHINGTON,...Tags: Employment Opportunities, S&P 500, Economy, Unemployment Benefits, Federal Reserve
May 22, 2013
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