Business and Economic News

July 17, 2014 7:15 AM

Lotteries take in billions, often attract the poor

Across 43 states, the District of Columbia and several territories, people wager more than $56 billion a year on lotteries. The take for state governments is about a third of that.

by Steve Tripoli

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July 16, 2014 4:21 PM

Aspen Ideas Festival: How the sharing economy is redefining community

Brian Chesky thinks the "sharing economy" can completely redesign the world we live in --transportation, education, home repairs, food and more.

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July 16, 2014 11:00 AM

Credit cards: the good, the bad and the ugly

When it comes to earning miles, points or cash back, is one reward system better than the others?

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July 16, 2014 8:43 AM

Murdoch's Fox makes bid for Time Warner

The New York Times reported that the June bid totaled $80 billion, or $85 in stock and cash for each Time Warner Inc. share.

by The Associated Press

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July 15, 2014 4:26 PM

As Congress fights over highway funding, roads feel pinch

A tiny tax on motor fuel that's used to help clean up leaking gas station tanks has some extra cash in it. It's one of the places House Republicans and Senate Democrats plan to scrounge to keep the highway trust fund from going broke in a few weeks.

by Brett Neely

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July 15, 2014 9:28 AM

Yellen says economy still needs Fed support

In delivering the Fed's semi-annual economic report to Congress, Yellen said the Fed's future actions will depend on how well the economy performs.

by The Associated Press

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July 15, 2014 8:20 AM

US retail sales tick up just 0.2 percent in June

The figures suggest that Americans are reluctant to spend freely, which could slow growth in the April-June quarter.

by The Associated Press

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July 14, 2014 3:00 PM

Are casinos "gaming the poor?"

Casinos target and ensnare low-income gamblers, argues Barbara Dafoe Whitehead.

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July 14, 2014 2:29 PM

Holder: Citigroup settlement doesn't preclude prosecution

Investors today have shrugged off the settlement, a sign that they expect Citigroup to continue to operate without much disruption. Shares in Citi were up by three percent.

by The Associated Press

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July 14, 2014 2:08 PM

Deal boosts St. Jude Medical in pain treatment therapy

Pain management accounts for a relatively small part of St. Jude's $5.5 billion in annual sales. But the potential market for chronic pain management is huge.

by Martin Moylan

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