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Wall Street futures mixed ahead of holiday
U.S. stock futures are mixed ahead of the long holiday weekend on concerns over the lack of a concrete plan to keep Greece in the European currency union.
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German central bank head: Reform only crisis fix
PARIS (AP) -- The head of Germany's central bank says there is no quick fix for Europe's problems, calling appeals for more support from the European Central Bank and plans for investment in infrastructure a distraction from the hard work of reform....
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EU takes action against Argentina at WTO
BRUSSELS (AP) -- The European Union on Friday filed a suit with the World Trade Organization against Argentina, claiming the South American country stifles imports to protect its own industry....
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Bank of America, Barclays sell Archstone stake
NEW YORK (AP) -- Bank of America Corp. and Barclays Bank PLC are selling their stake in apartment building owner Archstone to Lehman Brothers Holdings Inc.'s bankruptcy estate for $1.58 billion....
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International Paper readies for reopening of mill in Franklin
Steam is rising again from a converted International Paper pulp mill in Franklin in preparation for next month's opening.
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AP study finds typical CEO made $9.6 million last year
Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.
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Top CEO pay equals 3,489 years for typical worker
WASHINGTON (AP) -- David Simon of Simon Property received a pay package worth more than $137 million for last year, and the typical CEO took home $9.6 million, according to an analysis by The Associated Press....
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On top of big salaries, companies pile on perks
In the small world of big CEOs, the perks can be spectacular....
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Typical CEO made $9.6M last year, AP study finds
NEW YORK (AP) -- Profits at big U.S. companies broke records last year, and so did pay for CEOs....
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World markets up tepidly as traders brush off woes
Asian stocks struggled for firm footing today as investor nerves were tested by fizzling economic growth in China, but European markets headed higher as traders kept fingers crossed that Greece would avoid financial chaos.
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Low wages test loyalty to Singapore ruling party
SINGAPORE (AP) -- Khamis Neshbahri earned a salary of 700 Singapore dollars ($550) a month when he began cleaning office buildings 11 years ago. His wages haven't budged since then while his cost of living has continued to climb....
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Texas farmers use business wile to weather drought
ELKHART, Texas (AP) -- Linda Galayda hauled water and flagged down truck drivers to ask about their hay. She sold calves and young cows and made her son leave their East Texas family ranch for a job in San Antonio....
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HK tycoon Lau rejects Macau corruption charges
HONG KONG (AP) -- Shares of a Hong Kong tycoon's property company tumbled Friday after he insisted he was innocent of bribery and money laundering charges filed by Macau prosecutors over a land deal in the Asian gambling hub....
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Virginia business briefs for May 25
LightSquared creditors press argument on debt
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Report: State tobacco prevention funding lacking
States have spent only about 3 percent of the billions they've received in tobacco taxes and legal settlements over the last decade to fund tobacco prevention programs, making it harder to reduce the death and disease caused by tobacco use, according to a report released Thursday by the federal Centers for Disease Control and Prevention.
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Morgan Stanley may refund some Facebook investors
Morgan Stanley, the lead investment bank in Facebook's troubled initial public offering, will compensate retail investors who overpaid when they bought Facebook's stock in Friday's IPO, according to a source familiar with the matter.
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National business briefs for May 25
Jobless claims may signal slight job growth
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Hurricane preparedness tax holiday starts today
Virginia residents can prepare for the upcoming hurricane season and save money at the same time.
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New aircraft carrier hits construction milestone
Shipbuilders reached a milestone in the construction of the newest nuclear-powered aircraft carrier on Thursday when they slowly lowered the massive lower bow into place in what will become the USS Gerald R. Ford.
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U.S. bank earnings rose this winter to 5-year high
U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years, and the number of troubled banks fell for the fourth straight quarter.
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Kids and Money: Tax lessons for young summer workers
You didn't tell me how MUCH they would take out in taxes.
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New plan offers strategies for the coming age wave
By 2020, people 60 and older will outnumber schoolchildren in the Richmond region by more than 34,000.
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Daily Business News Calendar for May 25
LOCAL EVENTS
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Chesterfield & Hanover Building Permits for May 25
Following is a list of building permits issued in the past few months in the Chesterfield and Hanover counties for construction valued at $50,000 or more. The names listed are those of the owner and contractor unless otherwise noted; the project is a single-family dwelling unless otherwise noted.
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EU running out of time as Greece nears the exit
European leaders insist they want to keep Greece in the eurozone, but are putting off any agreement on how to accomplish that.
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