August 11, 2010, 5:05 PM EDT By Ryan J. Donmoyer (Updates with average number in fifth paragraph, effect of Bush tax cuts lapsing in 11th.) Aug. 11 (Bloomberg) — President Barack Obama’s plan to let lapse the Bush-era tax cuts for the highest-income Americans would
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August 11, 2010, 2:58 PM EDT By Greg Bensinger (Adds Facebook comment in sixth paragraph.) Aug. 11 (Bloomberg) — AT&T Inc.’s wireless chief said he largely supports a proposal from Google Inc. and Verizon Communications Inc. for Internet regulation that would exclude mobile Web services
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August 11, 2010, 2:32 PM EDT By Vincent Del Giudice (Updates with economist comment in fourth paragraph, trade data in fifth and markets in sixth.) Aug. 11 (Bloomberg) — The U.S. government posted a smaller budget deficit in July compared with the same month last
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August 11, 2010, 12:18 AM EDT By Brian Womack Aug. 11 (Bloomberg) — Google Inc. Chief Executive Officer Eric Schmidt has doubled the anticipated pace of acquisitions this year and expects to maintain that rate after some internal projects have failed to spur growth. “The
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August 11, 2010, 12:10 AM EDT By Arik Hesseldahl and Amy Thomson Aug. 11 (Bloomberg) — Mark Hurd, forced to resign last week as chief executive officer of Hewlett-Packard Co., may have a career ahead of him in private equity rather than as head of
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August 11, 2010, 12:08 AM EDT By Sarah Rabil Aug. 11 (Bloomberg) — APCO Worldwide, the public relations firm that advised Hewlett-Packard Co.’s board after accusations of harassment against its chief executive officer, has handled crises from Merck & Co.’s Vioxx scandal to WorldCom Inc.’s
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The jobless rate for Americans ages 16 to 19 has jumped to 26 percent. Does this signal a “lost generation” of U.S. workers? By Chris Farrell The worst labor market in 60 years has yet to show signs of revival, even amid widespread predictions by economists that the recession ended a year ago. America’s unemployment
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U.S. employees old enough to retire are outnumbering their teenage counterparts for the first time since at least 1948, a signal of how generations are now having to compete with each other for scarce jobs. The number of people aged 65 and older in the labor force – defined as those who are working or
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August 09, 2010, 12:37 AM EDT By Ryan Flinn Aug. 9 (Bloomberg) — When Ford Motor Co. came to Noah Shanok’s San Francisco startup about using his technology, he expected it to be like meeting strangers from another planet. “We thought we might have been
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August 10, 2010, 5:33 PM EDT By Angela Greiling Keane Aug. 11 (Bloomberg) — Drivers of Toyota Motor Corp. vehicles failed to apply the brakes in 35 of 58 crashes tied to unintended acceleration, U.S. regulators said in a report bolstering the automaker. The National
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