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Daily Wrap Up - September 11 Tech

Hacker Albert Gonzalez, accused of masterminding the massive data thefts at BJ's Wholesale Club, TJX and several other retailers, pleaded guilty to some of the largest identity-theft crimes on record on Friday while leaving the federal judge wondering how to compensate his millions of victims.
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'Dexter' author offers latest tale of murder

Author Jeff Lindsay found inspiration for a novel about a good serial killer in the fake smiles and insincere handshakes of people at a civic group meeting who, he thought, might want to kill each other.
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Bear exec: Condo irrelevant to insider trading

A former Bear Stearns Cos hedge fund manager accused of insider trading urged a federal judge to reject evidence suggesting he improperly tried to use money as collateral to build a condominium and repeatedly ignored conflict-of-interest rules on in-house trades.
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Misconduct by U.S. embassy guards in Kabul alleged

Private contractors hired by the U.S. government have jeopardized security at the American embassy in Kabul with lewd, drunken conduct and an understaffed guard force at a time of rising violence in the Afghan capital, a watchdog group said on Tuesday.
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Foreclosures, unemployment sap Florida economy

Florida's economy is shrinking in another crippling blow to the housing market of the state, which leads the United States in foreclosures and is grappling with record levels of unemployment.
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George Steinbrenner sued over Yankees' TV network

George Steinbrenner, longtime owner of the New York Yankees baseball team, was accused in a lawsuit on Friday of fraud and breaching an agreement over the running of his $3 billion cable TV network.
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Progress Crystal River Fla. reactor at full power

NEW YORK - Progress Energy Inc's (PGN.N) 838-megawatt Crystal River 3 nuclear power unit in Florida was back at full power early Friday, up from 77 percent of capacity late Thursday, the U.S. Nuclear Regulatory Commission said in its power reactor status report.
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BofA now servicing 180,000 TBW accounts

NEW YORK - Bank of America Corp (BAC.N) said it has completed the previously announced transfer of 180,000 Ginnie Mae-backed mortgages from Taylor, Bean and Whitaker Mortgage Corp to the bank's home loan servicing business.
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Texas, Fla banks seek IPOs to pay off TARP

Two Sunbelt banks filed for initial public offerings on Wednesday to raise money that would be used in part to pay off money owed to the U.S. Treasury, setting the stage for the first U.S. IPOs by banks in more than two years.
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UPDATE 1-U.S. judge confirms WCI plan of reorganization

A bankruptcy judge on Wednesday approved a plan of reorganization for luxury home builder WCI Communities Inc (WCIMQ.PK), according to court documents, helping clear the way for the company to emerge from Chapter 11 bankruptcy protection.
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The Trouble With the HVCC

How new rules meant to ensure the integrity of the appraisal process have infuriated appraisers and stymied sales from coast to coast.
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FDIC to soften stance, luring private capital

U.S. regulators are likely to back down from the tough stance they took a month ago on rules for auctions of troubled banks, which could clear the way for more private equity bidders to come back into the game.
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Progress Crystal River Fla reactor at 17 pct power

Progress Energy Inc's (PGN.N) 838-megawatt Crystal River 3 nuclear power unit in Florida was at 17 percent power early Wednesday as it began to exit a recent outage, the U.S. Nuclear Regulatory Commission said in its power reactor status report.
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Colonial BancGroup files Chapter 11

Colonial BancGroup Inc filed for Chapter 11 bankruptcy protection on Tuesday, 11 days after regulators seized its banking operations and sold most of those assets to BB&T Corp .
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Los Lonely Boys to release

It was well before any of the three Garza brothers was born, but the magical music year of 1969 still contained
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Commercial: Has Time Run Out?

Sales of tenant-in-common interests have plummeted, but don't count the securitized real estate industry out just yet.
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U.S. home lender Taylor Bean files for bankruptcy

Taylor, Bean & Whitaker Mortgage Corp filed for Chapter 11 bankruptcy protection and said it may liquidate, three weeks after it closed its mortgage lending business and was suspended by a federal agency.
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Vitacost.com sets price range for $132 mln IPO

On-line health supplement retailer and manufacturer Vitacost.com set the estimated price range on Monday for shares in its planned initial public offering, a sign that its stock flotation could be imminent.
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U.S. payment-card industry grapples with security

Fresh details of large-scale cyber attacks against data processor Heartland Payment Systems Inc and supermarket chain Hannaford Brothers show the challenges facing the efforts of the U.S. credit-card industry to upgrade security measures.
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Payment-card industry grapples with security

Fresh details of large-scale cyber attacks against data processor Heartland Payment Systems Inc and supermarket chain Hannaford Brothers show the challenges facing the efforts of the U.S. credit-card industry to upgrade security measures.

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