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Monday, June 29, 2009 12:01 AM PDT

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Today's Business News: Day of reckoning comes for Bernard Madoff Asian markets decline on cautious global outlook Oil drifts below $69 as traders eye US economy For modest earners, relief repaying student loans TV pitchman Billy Mays found dead at Florida home FTSE 100 shares fall Obama urges US Senate to pass clean energy bill 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 Emaar downplays debt burden of Dubai property merger Oil falls below $69 as Nigeria threat eases Thinking of Switching Financial Planners? The 10 Most Dollar-Discounted Housing Markets The Family Doctor: A Remedy for Health-Care Costs? Capitalizing on Cheap Natural Gas Day of reckoning comes for Bernard Madoff Sun, 28 Jun 2009 11:41 pm PDT AP - It was a crime of epic proportions: a multibillion dollar Ponzi scheme that wiped out fortunes, drained retirement nest eggs, ruined charities and foundations, and even pushed some investors to commit suicide. Full Story Top Asian markets decline on cautious global outlook Sun, 28 Jun 2009 11:24 pm PDT AP - Most Asian markets drifted lower Monday as cautious investors awaited key U.S. and Japanese data later this week for clues on the global economic outlook. Full Story Top Oil drifts below $69 as traders eye US economy Sun, 28 Jun 2009 09:56 pm PDT AP - Oil prices drifted below $69 a barrel Monday in Asia as traders look to macroeconomic indicators this week for signs of improvement in the U.S. economy. Full Story Top For modest earners, relief repaying student loans Sun, 28 Jun 2009 06:28 pm PDT AP - Repaying a student loan could soon be a little less painful. Full Story Top TV pitchman Billy Mays found dead at Florida home Sun, 28 Jun 2009 06:28 pm PDT AP - Billy Mays, the burly, bearded television pitchman whose boisterous hawking of products such as Orange Glo and OxiClean made him a pop-culture icon, has died. He was 50. Full Story Top FTSE 100 shares fall Fri, 26 Jun 2009 09:13 am PDT AFP - Stocks in London ended the session weaker Friday on mixed US and corporate data. Full Story Top Obama urges US Senate to pass clean energy bill Sat, 27 Jun 2009 03:17 am PDT AFP - US President Barack Obama on Saturday urged the US Senate to pass his clean energy bill, arguing that the nation that manages to harness clean energy "will be the nation that leads the 21st century global economy." 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 Emaar downplays debt burden of Dubai property merger Sun, 28 Jun 2009 12:08 pm PDT AFP - Dubai real estate giant Emaar Properties said on Sunday that the debt of the entity to be created through its merger with three other property developers will not exceed 3.64 billion dollars, seven percent of combined assets. Full Story Top Oil falls below $69 as Nigeria threat eases Sun, 28 Jun 2009 11:45 pm PDT Reuters - Oil fell below $69 a barrel on Monday as the easing of tensions in energy-rich Nigeria prompted some investors to take profit. 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 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 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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