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Business
5:26 am
Thu June 21, 2012

The Last Word In Business

Originally published on Thu June 21, 2012 6:58 am

Oracle CEO Larry Ellison reached a deal to buy nearly the entire Hawaiian island of Lanai. The land is currently owned by billionaire David Murdock who is the CEO of Castle and Cooke and the majority stock holder in Dole Food Company.

Business
5:26 am
Thu June 21, 2012

Business News

Originally published on Thu June 21, 2012 6:53 am

A new study from the Pew Research Center shows that the gap between states' assets and how much they'll owe retirees in pensions and health care is growing. According to the most recent numbers, for fiscal year 2010 that gap grew 9 percent from the previous year to almost $1.4 trillion dollars.

Around the Nation
5:26 am
Thu June 21, 2012

Why Wildfire Mitigation Would Pay Off Later

Originally published on Thu June 21, 2012 6:21 am

Crews in Colorado are struggling to get the upper hand on the massive High Park wildfire that's destroyed more homes and property than any blaze in the state's history. With Colorado and the rest of the drought-plagued Southwest coming off a winter with record low snowpack, officials are braced for more fires. But previous forest management techniques could be partly to blame for the severe fires.

Business
5:26 am
Thu June 21, 2012

Spanish Miners Strike Against Government Cuts

Originally published on Thu June 21, 2012 6:30 am

Spain is in line to get a European bailout of up to $125 billion for its banks. Audits due Thursday will show just how indebted Spanish banks are. But economic uncertainty has already sparked violence.

Remembrances
5:26 am
Thu June 21, 2012

Sports Artists LeRoy Neiman Dies At 91

Originally published on Thu June 21, 2012 6:21 am

LeRoy Neiman, who painted and sketched the Super Bowl and the Olympics, died Wednesday at the age of 91. You know the paintings when you see them — impressionistic images with bright splashes of color.

Law
5:26 am
Thu June 21, 2012

Defense Rests In Sandusky Trial

Originally published on Thu June 21, 2012 6:36 am

Closing arguments are expected Thursday in the child sex-abuse trial of Jerry Sandusky. The defense for the former Penn State assistant football coach rested Wednesday without Sandusky taking the stand. Sandusky denies charges that he sexually abused ten boys over 15 years.

Around the Nation
4:18 am
Thu June 21, 2012

GPS Study Shows Drivers Will Slow Down, At A Cost

Traffic rolls past a speed limit sign in Ohio. Researchers believe they have found a new way to encourage drivers to stay within a safe driving speed: giving them a financial reward that diminishes as they speed.
Mark Duncan AP

Originally published on Thu June 21, 2012 12:06 pm

Some 12,000 Americans die every year in traffic crashes caused by speeding, according to government statistics. Officials have tried many strategies to get drivers to slow down. And now they might have found something that works, after researchers placed a GPS device inside cars that gives drivers an incentive not to speed.

Traffic safety experts have tried using big flashing signs to tell you how fast you're going. (The psychological subtext: Drivers are rational, and they will slow down if they know how fast they're going.)

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Election 2012
4:17 am
Thu June 21, 2012

Romney, Obama Fine-Tune Pitches To Latino Voters

Voter walk outside of a polling place at the First Baptist Church of Windermere, in Orlando, Fla., during the state's primary on Jan. 31.
Matt Rourke AP

Originally published on Thu June 21, 2012 9:13 am

President Obama and presumptive GOP presidential nominee Mitt Romney are taking their stump speeches to a prominent group of elected Latino officials this week.

Romney will address the National Association of Latino Elected and Appointed Officials, or NALEO, Thursday. Obama takes his turn Friday.

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Your Money
4:05 am
Thu June 21, 2012

Why Your 401(k) May Be Worth Less Than You Think

The Labor Department will mandate that 401(k) plan providers disclose more information about the fees they charge.
iStockphoto.com

Originally published on Thu June 21, 2012 3:26 pm

As Americans watched their nest eggs sink during the Great Recession, many wondered whether they would ever be able to retire. Come this fall, millions of workers who invest in 401(k)s will learn their plans are probably worth even less than they thought.

"Fees take away from the accumulated savings of your lifetime," says Mary Beth Franklin, a contributing editor at InvestmentNews.

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Crisis In The Housing Market
4:03 am
Thu June 21, 2012

Bidders Get Feisty Over Foreclosed Homes

Daily auctions are held on foreclosed properties in front of the county courthouse in Corona, Calif. About 80 bidders, representing investors, show up to bid on properties.
Yuki Noguchi NPR

Originally published on Thu June 21, 2012 6:21 am

For-sale homes in California are sparse, even in areas with high foreclosure rates. It has led to buyers like Jennifer Bryant, who is willing to throw money at just about anyone willing to sell her a house.

Since February, Bryant has made 35 offers on homes in Riverside, only to be elbowed out by other bids. With few houses available and many bidders chasing these properties, she feels she has, at most, an hour to consider each house.

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