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Sunday, June 28, 2009 12:01 AM PDT

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Today's Business News: Facebook, Twitter and peers for sale - privately Court order seeks to strip Madoff of $171 billion What will signal consumers are back? Check the spa ALL BUSINESS: Investors' tools to understand banks Companies appeal to China to drop Web filter plan Palm rises after quarterly results California plans more furloughs due to budget KB Home new home orders up from 1Q Holbrooke: US changing Afghan drug policy AIG's Alico set for Europe restructuring: letter Amazon.com ends commission program in NC The 10 Most Dollar-Discounted Housing Markets Winners and losers emerge in climate bill Thinking of Switching Financial Planners? KB Home posts loss, orders decline, shares drop The Family Doctor: A Remedy for Health-Care Costs? Capitalizing on Cheap Natural Gas Facebook, Twitter and peers for sale - privately Sat, 27 Jun 2009 10:45 pm PDT AP - Scott Painter makes his living betting on startup companies, having played a role in launching 29 of them over the years. But with the bad economy choking initial public offerings and acquisitions, Painter is now backing an idea that makes it easier for insiders like him to sell shares in their companies even before they go public. Full Story Top Court order seeks to strip Madoff of $171 billion Sat, 27 Jun 2009 11:16 am PDT AP - Bernard Madoff would be stripped of all his possessions under a $171 billion forfeiture order handed down only days before prosecutors seek to put the disgraced financier away in prison for the rest of his life. Full Story Top What will signal consumers are back? Check the spa Sat, 27 Jun 2009 10:22 am PDT AP - Dayne Morris eats out less, cooks at home more. He hunts for online bargains and shops at discount stores. Full Story Top ALL BUSINESS: Investors' tools to understand banks Sat, 27 Jun 2009 04:47 am PDT AP - Confused about the state of the banking crisis? About whether good banks are back, or bad banks are multiplying? Full Story Top Companies appeal to China to drop Web filter plan Sat, 27 Jun 2009 10:08 am PDT AP - Global business groups have made an unusual direct appeal to Chinese Premier Wen Jiabao to scrap an order for PC makers to supply controversial Internet filtering software, citing security and privacy concerns. Full Story Top Palm rises after quarterly results Thu, 25 Jun 2009 01:19 pm PDT Reuters - Shares of Palm Inc (PALM.O) rose more than 4 percent to $14.60 after the bell on Thursday after the smartphone maker reported its quarterly results. Full Story Top California plans more furloughs due to budget Fri, 26 Jun 2009 04:36 pm PDT Reuters - California will force state employees to take a third unpaid day off work per month starting in July if the legislature cannot close a mounting budget gap, Governor Arnold Schwarzenegger said on Friday. Full Story Top KB Home new home orders up from 1Q Fri, 26 Jun 2009 02:42 pm PDT AP - Going into its second quarter, KB Home had everyone wondering whether the homebuilder could duplicate the standout performance of its first quarter — posting a 26 percent year-over-year increase in new orders for the first time in more than three years. Full Story Top Holbrooke: US changing Afghan drug policy Sat, 27 Jun 2009 03:47 am PDT AP - The U.S. has announced a new drug policy for opium-rich Afghanistan, saying it was phasing out funding for eradication efforts and using the money for drug interdiction and alternate crop programs instead. Full Story Top AIG's Alico set for Europe restructuring: letter Fri, 26 Jun 2009 08:10 am PDT Reuters - AIG's (AIG.N) American Life Insurance Company (Alico) will restructure its western European businesses in order to generate cost savings, according to an internal document obtained by Reuters. Full Story Top Amazon.com ends commission program in NC Sat, 27 Jun 2009 01:56 pm PDT AP - Amazon.com said Friday it has pulled the plug on commissions for North Carolina Web sites that make referrals to the online retailer because a law designed to collect sales taxes on these transactions could soon be enacted. Full Story Top The 10 Most Dollar-Discounted Housing Markets Fri, 26 Jun 2009 12:04 pm PDT U.S. News & World Report - As the historic real estate bust continues to gut home prices throughout the country, property owners everywhere are scrambling to attract buyers. For some home sellers, that might mean chipping in for closing costs; others might try to sweeten the deal by handing out perks, like a free parking spot. But for many homeowners, the most efficient way to sell a home in a depressed market is to simply drop the listing price. ... Full Story Top Winners and losers emerge in climate bill Sat, 27 Jun 2009 04:04 pm PDT AP - In addition to raising energy prices, the climate legislation that's winding through Congress would create a parallel financial system with a carbon-based currency. Full Story Top Thinking of Switching Financial Planners? Fri, 26 Jun 2009 06:28 am PDT BusinessWeek Online - You've got a dirty little secret. During long lunch breaks, or after work when everyone else heads home to their families, you're sneaking out to a secret rendezvous. You know what you're doing is perfectly justified, but you still feel a little bad afterwards. You never thought it would come to this. But here you are -- cheating on your financial planner. Full Story Top KB Home posts loss, orders decline, shares drop Fri, 26 Jun 2009 07:39 am PDT Reuters - KB Home (KBH.N), the No. 5 U.S. homebuilder, posted a wider-than-expected quarterly loss on Friday and reported a year-over-year decline in orders, sending its shares down nearly 8 percent. Full Story Top The Family Doctor: A Remedy for Health-Care Costs? Fri, 26 Jun 2009 06:28 am PDT BusinessWeek Online - The primary-care doctor is gaining new respect in Washington. Battles may be breaking out left and right over the various health-care bills emerging from Congress, but reformers on both sides agree that general practitioners should be given a central role in uniting the fragmented U.S. medical system. Full Story Top Capitalizing on Cheap Natural Gas Fri, 26 Jun 2009 06:28 am PDT BusinessWeek Online - While the price of a barrel of oil has doubled since early March, to about $68, natural gas prices are languishing at about $4 per million BTUs. In markets where traders make bets based on those standard measures of barrels and BTUs, the 18-to-1 price ratio for oil is about double the typical ratio of 8 or 9 to 1. That has some speculators betting natural gas prices will spike. Full Story Top

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