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Sunday, October 4, 2009 12:01 AM PDT

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Today's Business News: Recession's end marks start of states' budget woes Paging Dr. Tesla? Automaker to make house calls Health insurance bills could be hardship for many Appalachian tourism efforts hampered by economy Regulators close banks in Colorado, Mich., Minn. FTSE 100 stocks drop at open Venezuela predicts 0.5 percent growth in 2010 Improved revenue could boost U.S. earnings Socialists favored to win Greece's election U.S. Treasury set to finalize home "short sales" plan Amazon Agrees To Pay $150,000 for Deleting E-Books ALL BUSINESS: Generous pay for new Freddie Mac CFO World Bank sees oil at $63 a barrel in 2010 Mortgages rates dip below 5 percent Consumer bankruptcies soar in September MBA Pay: Riches for Some, Not All Iowa MBA Admissions Tips Recession's end marks start of states' budget woes Sat, 3 Oct 2009 09:59 pm PDT AP - The recession is probably over, which means states' financial troubles have only begun. Full Story Top Paging Dr. Tesla? Automaker to make house calls Sat, 3 Oct 2009 09:03 pm PDT AP - Taking a cue from house-call services like Best Buy's Geek Squad, electric carmaker Tesla Motors is launching a maintenance plan where mechanics travel to owners' homes or offices to perform repairs and tuneups. Full Story Top Health insurance bills could be hardship for many Sat, 3 Oct 2009 11:52 pm PDT AP - Many middle-class Americans would still struggle to pay for health insurance despite efforts by President Barack Obama and Democrats to make coverage more affordable. Full Story Top Appalachian tourism efforts hampered by economy Sat, 3 Oct 2009 10:04 pm PDT AP - Along the quiet banks of Lake Russell, where bees buzz and grass blows lazily in the wind, Elbert County's top development official envisioned a resort that would bring vacationers' dollars to the declining granite quarrying hub. Full Story Top Regulators close banks in Colorado, Mich., Minn. Sat, 3 Oct 2009 06:57 pm PDT AP - Regulators have shut Warren Bank in Warren, Mich., and two small banks in Colorado and Minnesota, boosting the number of failed U.S. banks this year to 98 as loan defaults rise in the worst financial climate in decades. Full Story Top FTSE 100 stocks drop at open Fri, 2 Oct 2009 12:23 am PDT AFP - Shares in London fell at the start of trade on Friday as fresh concerns rose over the health of the US economy. Full Story Top Venezuela predicts 0.5 percent growth in 2010 Sat, 3 Oct 2009 02:05 am PDT AP - President Hugo Chavez said Friday that Venezuela will base its 2010 budget on expectations of 0.5 percent economic growth and inflation no higher than 22 percent, despite depressed world prices for oil, the nation's biggest export. Full Story Top Improved revenue could boost U.S. earnings Fri, 2 Oct 2009 05:59 pm PDT Reuters - If the stock market bulls are right, U.S. third-quarter corporate earnings could show revenue kicked into gear after some disappointing numbers last quarter, sustaining the rally. Full Story Top Socialists favored to win Greece's election Sat, 3 Oct 2009 11:51 pm PDT AP - Greeks cast ballots Sunday in a snap general election likely to produce a change in government, as voters angered by scandals and a foundering economy were expected to reject the conservatives in favor of the opposition Socialists. Full Story Top U.S. Treasury set to finalize home "short sales" plan Fri, 2 Oct 2009 04:13 pm PDT Reuters - The U.S. Treasury will soon finalize a plan to expand its incentives for mortgage companies to include "short sales" as a way to stem a rising tide of foreclosures, according to a Treasury spokeswoman. Full Story Top Amazon Agrees To Pay $150,000 for Deleting E-Books Fri, 2 Oct 2009 02:04 pm PDT NewsFactor - Nearly two months after being sued for removing electronic books from Kindle owners' devices without their knowledge, Amazon has agreed to a settlement. The Internet retailer will pony up $150,000 to settle the class-action suit. Full Story Top ALL BUSINESS: Generous pay for new Freddie Mac CFO Sat, 3 Oct 2009 02:19 am PDT AP - The pay package given to Freddie Mac's new chief financial officer should have sent a message from Washington to corporate America about how executive compensation standards must change. Instead, it did just the opposite. Full Story Top World Bank sees oil at $63 a barrel in 2010 Sat, 3 Oct 2009 11:46 am PDT AFP - Oil prices are expected to average 63 dollars in 2010, after 55.5 dollars in 2009, the World Bank said in a report on the Middle East and North Africa released in Istanbul on Saturday. Full Story Top Mortgages rates dip below 5 percent Thu, 1 Oct 2009 10:58 am PDT AP - Rates on 30-year home loans dropped below 5 percent for the first time in four months, but still remained above this year's record low, Freddie Mac said Thursday. Full Story Top Consumer bankruptcies soar in September Fri, 2 Oct 2009 11:54 am PDT Reuters - Consumer bankruptcies soared 41 percent in September from a year before and climbed from August, as high unemployment and the housing market crash took their toll, the American Bankruptcy Institute said on Friday. Full Story Top MBA Pay: Riches for Some, Not All Fri, 2 Oct 2009 05:08 am PDT BusinessWeek - The MBA in the corner office, fresh out of business school with a six-figure paycheck, is a standard trope of Corporate America. Every incoming student has heard rags-to-riches tales of that gilded certification leading to giant paychecks and even bigger bonuses. But how often do these MBA fairy tales actually come true? According to new research: not as often as you think. Full Story Top Iowa MBA Admissions Tips Mon, 28 Sep 2009 05:08 am PDT BusinessWeek - Jodi Schafer took the reins of the University of Iowa's MBA admissions program in 2008. Since then, the curriculum has been retooled, career services have shifted into overdrive, and even the school's admissions process has undergone a few changes. Full Story Top

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