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Summers Drops Out of Fed Chair Race

ABJ – Sept. 16 – Former Treasury Secretary Lawrence Summers withdrew his name from consideration to replace Federal Reserve Chairman Ben Bernanke late yesterday in a move that took many by surprise. However, upon closer review it became evident the path ...
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Retail Sales Figures Tell the Story

ABJ – Sept. 13 – Retail sales marginally in August despite strong demand for automobiles and other large items. It’s the latest indication that the economic engine slowed during the third quarter. The lack of sustained momentum in the economy was underscored ...
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Twitter Set to Go Public

ABJ – Sept. 13 – Social media powerhouse Twitter has filed for an initial public offering with U.S. regulators.  It’s the first step toward what is expected to be Silicon Valley’s largest IPO since Facebook went public last year. The impending IPO ...
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Dell Founder Emerges Victorious

ABJ – Sept. 12 – After a seemingly never-ending battle for control of the company he founded, Michael Dell clinched shareholder approval today for his $25 billion offer to buy and take Dell Inc. private. Shareholders cast their votes at a meeting ...
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Verizon Sells $49B in Bonds

ABJ – Sept. 11 – An all-time record was set today as investors snatched up $49 billion in bond notes sold by Verizon Communications. The deal was chased down by pension funds, endowments, institutional buyers and wealth managers eager to get ...
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Mulally Leaving Ford Early?

ABJ – Sept. 10 – According to a report by Reuters, Ford CEO Alan Mulally may be leaving the company earlier than expected. The 68-year-old executive is credited with turning around the fortunes of the U.S.-based automaker during his tenure at ...
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Neiman Marcus Sold for $6 Billion

ABJ – Sept. 9 – Luxury retailer Neiman Marcus is being sold by its private equity owners to Canadian private equity firm Ares Management and Canada Pension Plan Investment Group (CPPIB) for a reported $6 billion. Earlier this summer current Neiman ...
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Apple Found Liable in e-Book Price Fixing

ABJ – Sept. 6 – A U.S. District Court judge who found Apple liable for conspiring to fix e-book prices has entered an injunction to bar the iPad maker from further antitrust violations. That means Apple cannot legally enter into any agreements ...
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JC Penney Dropping Stewart

ABJ – Sept. 5 – According to a report in The New York Post, retailer JC Penney is discontinuing a line of products designed by Martha Stewart that rival Macy's has claimed violated its contract with the happy homemaker. JC Penney's ...
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Minimum Wage Battle in DC

ABJ – Sept. 5 – A major showdown is brewing between District of Columbia Mayor Vincent Gray and giant retailer Wal-Mart over the contentious issue of minimum wage. Mayor Gray is expected to decide soon on whether to sign a minimum ...
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