IBT Staff Reporter

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Obama nods to Hispanics in West as Republicans slip

With Hispanic voters upset at Republican presidential candidates over immigration, President Barack Obama played to a Latino audience on a trip to the West this week to shore up support from a group that is key to his re-election hopes.

UAW says workers approve Chrysler contract

Unionized workers at Chrysler Group LLC ratified a four-year labor pact on Wednesday, closing out the first round of talks since two of the three Detroit automakers nearly collapsed and took federal bailouts in 2009.

Visa revenue growth slows, shares dip

Visa Inc said its revenues grew at a slower pace in the latest quarter and it paid more in client incentives, sending its shares lower even though the payment processing company posted better-than-expected net income.

Exclusive: NSA helps U.S. banks battle hackers

The National Security Agency, a secretive arm of the U.S. military, has begun providing Wall Street banks with intelligence on foreign hackers, a sign of growing U.S. fears of financial sabotage.

Fairy tales cast spell on U.S. television

Fairy tales are back with a darkened vengeance on U.S. television, scaring up a fright and putting a new twist on a genre long dominated by pretty princesses and charming princes.

Shame slapped with NC-17 rating

Director Steve McQueen's Shame, a no-holds-barred movie about a man in the grip of sexual addiction, has officially received an NC-17 rating.

Boeing profit lifted by commercial and defense sales

Strong demand for commercial and military aircraft lifted quarterly earnings at Boeing Co , making the builder of the new 787 Dreamliner the latest big-ticket manufacturer to ease fears about global economic conditions.

Olympus chairman quits as Japan watchdog probes firm

Olympus Corp head Tsuyoshi Kikukawa resigned on Wednesday after a scandal over hefty advisory fees wiped out half of the 92-year-old firm's market value while his successor stuck with the company's line that it had done nothing wrong.

Obama Announces Student Debt Relief to Mixed Response

President Obama announced a much-heralded plan on Wednesday to help recent college graduates struggling to pay back their student loans. Reactions were mixed, with some people lauding the President for taking decisive action and others saying he didn't go far enough.

Investors show interest in foreclosure plan

Big investors are showing interest in an evolving Obama administration plan to sell off foreclosed homes, although the government will have to make the offer sweet enough to coax private funds.

Chrysler deal approved by UAW production workers

Production workers at Chrysler Group LLC voted in favor of a tentative labor contract, but in a rare twist, skilled-trades workers rejected the 4-year deal, people familiar with the matter said on Wednesday.

Bare-bones EU debt deal news enough for buyers

Stocks rose on Wednesday as the slow progress from European leaders in resolving their debt crisis was enough to satisfy investors, even if early reports from an EU summit were short on detail.

Europe aims to boost rescue fund, plots deep Greek writedown

Europe's leaders intend to multiply their rescue fund fourfold to one trillion euros and press Greece's creditors to accept losses of over 50 percent on their bondholdings, but the details of their plan to end the debt crisis are still not fully formed.

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