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A Midas service center in Durham, North Carolina.

Sumitomo Unit Buying Midas For $173M

TBC Corp., a unit of Japan's Sumitomo Corp., will pay $173 million in cash for Midas Inc. (NYSE: MDS), the automotive parts and repair chain based in Itasca, Ill., said Tuesday.
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A customer examines a Nook e-reader at a Barnes and Noble store in Boston, March 18, 2011.

Barnes & Noble Hires Former Cable Exec as CFO

Barnes & Noble Inc. (NYSE: BKS) hired a chief financial officer with extensive experience in cable broadcasting, particularly with that industry's spin-offs as well as mergers and acquisitions, the New York-based company said Monday.
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Import surge sends China trade to decade-deep deficit

China's trade balance plunged $31.5 billion into the red in February as imports swamped exports to leave the largest deficit in at least a decade and fuel doubts about the extent to which frail foreign demand or seasonal distortion drove the drop.
Applicants Fill Out Forms During a Job Fair at the Southeast LA-Crenshaw WorkSource Center in Los Angeles

Weekly US Economic Snapshot: How Are We Doing?

The economic picture got considerably messier this week, as positive data on job creation battled with gasoline-price-fueled inflation concerns in economists', policymakers' and consumers' minds. Joyous declarations that the economy is finally getting better have turned into more studious critiques of how the incipient recovery is actually affecting poor, working-class and middle-class people.
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Demand For 'Survival Services' Rises In U.S. Cities

Many cities across the United States are still scrambling to help their residents overcome the economic recession that officially ended more than two years ago, according to a survey released on Friday by the National League of Cities.
Iron and Steel Industry in China

China, India See Banks As Key To Economic Revival

Leaders of China and India, two of the world's biggest economies, are responding to a decline in their nation's blistering rates of growth by focusing on virtually identical ways to stimulate bank lending and regain financial momentum.
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Wall Street higher after jobs data

Stocks rose on Friday, adding to their best two-day run in nearly three months, after a report showed the economy added more jobs than expected in February.
Quit Smoking

Surgeon General Declares Youth Smoking An Epidemic

Smoking among America's youth has reached epidemic proportions, starting them on the path to a lifetime of addiction, the U.S. surgeon general's office said in its first report on youth smoking since 1994.
ECB President Draghi, one of the many central bankers who held interest rates steady Thursday

Central Bankers Hold Rates Steady On Inflation Concerns

Central bankers around the world took their foot off the loose monetary policy throttle Thursday and kept benchmark interest rates steady on inflation concerns and the lack of new threats to gross domestic product growth.
A sculpture showing the Euro currency sign is seen in front of the European Central Bank (ECB) headquarters in Frankfurt

Europe Central Banks Keep Rates Steady, Eye Inflation

Two of Europe's main central banks announced Thursday they would be keeping their benchmark interbank lending rates unchanged, in an expected move that analysts see as an acknowledgement of creeping inflation and policy exhaustion.
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Top After Market NYSE Movers (FTK, CCI, CYH, EP, GCA, HOV, HRB, JNY, AIG, SPF, NNN, TXI)

The top aftermarket NYSE gainers Wednesday were: Flotek Industries, Crown Castle International Corp, Community Health Systems, El Paso Corp, Global Cash Access Holdings and Hovnanian Enterprises. The top aftermarket NYSE losers were: H&R Block, Jones Group, American International Group, Standard Pacific Corp, National Retail Properties and Texas Industries.
Facebook Chief Operating Officer Sheryl Sandberg delivers a keynote address at Facebook's ''fMC'' global event for marketers in New York City, February 29, 2012.

Facebook Adds 25 more Underwriters for IPO

Facebook Inc added 25 banks to help underwrite the company's initial public offering, meaning most of Wall Street will have a role in the share sale, according to an amended IPO filing on Wednesday.
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From kidswear to shoes, discounts hurt retailer margins

Retailers like Children's Place Retail Stores Inc and Brown Shoe Co Inc are struggling to protect their margins as they continue to discount heavily to drive sales, resulting in weak quarterly profit reports and bleak forecasts.
HSBC bank branch logo is seen in central London

HSBC Sells Insurance Units for $914M

HSBC announced on Wednesday an agreement to sell its insurance businesses in emerging markets for $914 million in cash, in a continuing effort to offload non-banking assets.
Apple TV

More iPad Plays: 3 Key Items to Watch

While customers and investors need to wait a little more before Apple introduces its update to the iPad2, here are three key items to bear in mind.

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