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Obama Deploys Financial Fraud Task Force
- The Obama Administration has launched the Financial Fraud Task Force to investigate issues related to the economic crisis. The Department of Justice will lead the task force's efforts to combat fraud in such areas as mortgage lending, stimulus spending and the government's bailout of the financial sector. Host Liane Hansen talks with Department of Justice Associate Attorney General Tom Perrelli, who will be one of the leaders of the task force.
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Billionaire's Arrest Prompts Hedge Fund Scandal
Billionaire investor Raj Rajaratnam was arrested last month and charged with running the biggest insider trading scheme involving a hedge fund. Twenty people from across corporate America have now been charged or arrested in connection with the case, and the scandal now involves some of the country's best-known companies. Host Liane Hansen speaks with Joanna Chung, U.S. financial correspondent for the <em>Financial Times</em>.
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Protests, Arrests Follow UC's 32 Percent Fee Hike
Dozens of demonstrators who barricaded themselves inside a campus building at the University of California, Berkeley in a protest over fee hikes and budget cuts were removed late Friday, bringing the daylong occupation to an end, university officials said.
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Insurance Mandate Could Spur Walk-In Clinic Boom
As it gets more difficult to see a primary care doctor, walk-in medical centers are picking up the slack. And if Congress succeeds in passing a nationwide health insurance mandate, the urgent care industry expects even more growth.
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Complaint Adds To Tumult At 'Washington Times'
<em>The Washington Times</em> has long thought to be immune from the economic forces challenging the rest of newspaper industry because of the deep pockets of its founder and owner, the Rev. Sun Myung Moon, head of the Unification Church. But the recession has taken a toll on the paper and now an apparent power struggle among Moon's sons is adding to the paper's challenges.
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Boeing Hopes Long-Delayed Plane Takes Off In S.C.
Boeing has moved to South Carolina from its ancestral home in the Pacific Northwest to build the 787 Dreamliner. The company will spend less on labor and receive more than $175 million in state incentives. But it will have to train a new workforce, which Boeing's Seattle unions predict may be the undoing of the Southern operation.
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Bon Jovi Doesn't Need A Prayer To Make It On NBC
Bon Jovi is at the top of the album charts this week, riding an unprecedented publicity push. His record label struck a deal with the conglomerate NBC Universal for an exclusive presence on their many TV networks, including appearances on <em>Today</em>, <em>Inside the Actors Studio</em> and <em>The Tonight Show</em>.
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Goldman Sachs Is Into Sharing, To A Point
Just because they're masters of the universe doesn't mean the people of Goldman Sachs don't care about their fellow man. Fairly or not, the investment bank, which reported a $3.2 billion third-quarter profit, is perceived by many as a company that places profits and political power ahead of the general good.
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Jobless In October: A State-By-State Look
Jobless rates rose in 29 states and the District of Columbia in October, the Labor Department reported. Rates declined in 13 states and were unchanged in eight.
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Cash Under The Mattress
Treasury yields briefing dipped into negative territory this week, reflecting investors' lingering concerns about the economy.
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Sony Hopes Online Service Will Build Brand Loyalty
Sony's new online service connecting the whole range of its gadgets to downloadable content like movies and games should help build brand loyalty, a top executive said.
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Is Ron Paul Right About The Fed?
Rep. Ron Paul, the Texas Republican and lifelong critic of the Federal Reserve, scored a big win on Capitol Hill by getting a House panel to pass a bill requiring new reviews of the Fed's interest-rate decisions.
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Smoker Wins $300M Judgment Against Philip Morris
The bookkeeper in Fort Lauderdale, Fla., won a $300 million jury verdict against the tobacco giant. Philip Morris' parent, Altria Group, called the judgment "fundamentally unfair" and said it will seek a court review.
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Price Fight: Coke Isn't It At Costco
If you're a member of Costco, the nation's largest wholesale club, you may be surprised to learn that Coca-Cola's products are no longer on the shelves. The two companies are locked in a rare public dispute over the price consumers pay for beverages.
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'The Onion': Mocking All Who Deserve It Since 1988
America's Finest News Source has released a book celebrating its 21 years of satire (with a wink). <em>Onion</em> editors Joe Randazzo and Joe Garden talk with Renee Montagne about the serious business of being funny. Also: See the fun <em>The Onion</em> has had at NPR's expense.
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Tune-in to Marketplace with Kai Ryssdal weekdays on KJZZ at 6pm.
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Deutsche Bahn in Qatar rail deal
German rail operator Deutsche Bahn signs a 17bn euro contract to build rail and underground lines in Qatar and Bahrain.
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Hershey 'mulls $17bn Cadbury bid'
US chocolate maker Hershey considers launching a solo bid of at least $17bn (£10bn) for UK firm Cadbury, reports say.
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Dutch car maker plans move to UK
A luxury sports car maker based in Holland says it plans to move its luxury car assembly plant to Coventry.
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Match-fix probe targets 200 games
About 200 football ties are under investigation in what one Uefa official calls Europe's biggest match-fixing scandal.
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ECB slows emergency cash support
The European Central Bank says it will scale back emergency monetary support for fear of fuelling inflation.
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Valero shuts another oil refinery
Valero Energy announces it is permanently closing its oil refinery in Delaware City, with the loss of 550 jobs.
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Japan says deflation has returned
The Japanese government warns that deflation has returned to the country's economy for the first time since 2006.
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Trade deal agreed in East Africa
Leaders from Kenya, Tanzania, Uganda, Rwanda and Burundi sign a common market trade agreement.
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Sani Abacha son 'must pay $350m'
A Swiss court orders the seizure of $350m in assets from the son of Nigeria's ex-ruler Sani Abacha after a 10-year investigation.
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Volkswagen to increase production
Volkswagen, Europe's biggest car company, plans to invest 26bn euros over the next three years to create new vehicles.
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Korea says no to US trade talks
South Korea dampens speculation the country is willing to re-negotiate a free trade agreement with the US.
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Union cancels next Iberia strike
Unions representing staff at Spanish airline Iberia call off planned strike action after a preliminary agreement with management.
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Thousands of Vicks spray recalled
Procter & Gamble is recalling 120,000 bottles of Vicks Sinex nasal spray after small traces of bacteria were found.
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EU gives Nigeria $1bn 'for peace'
Europe signs a $1bn deal with Nigeria, aimed at tackling corruption and promoting peace in the troubled Niger Delta.
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Dell sees quarterly profits fall
US computer giant Dell reports another decline in its quarterly profits, sending its shares 7% lower.
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Nigeria's president delays budget after row over where to host it
Nigeria's president postpones his budget - because senators and representatives disagree on which chamber should host it.
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Disgraced financier Madoff's luxury items auctioned for $2m
An auction of luxury goods that once belonged to the disgraced financier Bernie Madoff, his wife and an adviser has raised $2m (£1.2m) in the US.
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BMW becomes 2012 Olympics sponsor
Car manufacturer BMW becomes the 24th sponsor for the 2012 London Olympic Games.
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MCC rules out renaming of Lord's
The owners of Lord's say they are not planning to sell the stadium's naming rights to fund a £400m redevelopment of the famous venue.
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Mercedes takes over Brawn F1 team
Mercedes buys and renames the Brawn F1 team, which won both world titles in their debut season in 2009.
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Guidelines for financial journalists
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Homeward bound
Why many Nigerian entrepreneurs are returning home
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Purring pussycat
Is the famous MGM lion about to lose its roar?
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Beefing up
How Botswana is putting more meat on its beef industry
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Hard choices
Should food or education be Malawi's priority?
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