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Despite its name, the Airport Currency Exchange, a bare-bones operation across Interstate 70 from Lambert International Airport, doesn’t trade in euros, pesos or British pounds.
Instead, you can pay your electric, gas and phone bills there. And if you’re short on funds, the exchange can give you a short-term, high-interest loan. Missouri’s Public Counsel […]

Filed under: economics by Forest
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The U.S. economy took a first step toward recovering from the worst recession since the 1930s in the second quarter as companies reduced inventories, spending started to climb and profits grew.
Gross domestic product shrank at a 1 percent annual rate from April to June, less than the 1.5 percent decline projected by […]

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Does your wife’s closet look like a jewel box of shoes, while you wish your bank account could afford an actual box of jewels? Or maybe you’re tired of your spouse snapping up the newest tech gadgets and instead want to spend the money on a vacation together.
You’re not alone.
When it comes to […]

Filed under: finance by Forest
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Private equity wipeouts are coming thick and fast.
The imminent bankruptcy of Reader’s Digest will evaporate the $585 million invested by Ripplewood Holdings and its partners in the magazine publisher. Hollywood studio Metro-Goldwyn-Mayer just reshuffled its management amid concerns it could be the next big buyout in the queue for a Chapter 11 filing.
Private equity […]

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Germany is ready for further talks with General Motors on the sale of European carmaker Opel and wants to avoid confrontation with the U.S. firm on the matter, a government spokesman said on Monday.
“It is important not to resort to confrontation,” government spokesman Ulrich Wilhelm said at a regular government news conference, adding the […]

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In a century-old building at 220 Camp St. bustle a bunch of new-fangled companies — the kind once considered as likely to call New Orleans home as the Saints winning the Super Bowl.
Since April 2007, the building’s fifth floor has housed the Receivables Exchange, an online financial firm that pairs small- and medium-sized businesses […]

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Bill Gates. Steve Jobs. FedEx’s (FDX, Fortune 500) Fred Smith. The image of the entrepreneur as whiz kid has serious currency in American business lore. But according to a new study from the Kauffman Foundation, a Kansas City think tank that studies entrepreneurship, that image is a myth.
For "The Anatomy of an Entrepreneur," […]

Filed under: business by Forest
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Little Tikes Co. is recalling about 1.6 million toys because of a choking hazard, a government agency said Thursday.
The U.S. Consumer Product Safety Commission announced the recall of Little Tikes Workshop Sets and Trucks after it received a report that an 11-month-old boy was hospitalized after getting a plastic nail lodged in his throat. […]

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The foreclosure plague continued to devastate last month.
There were more than 360,000 properties with foreclosure filings — including default notices, scheduled auctions and bank repossessions — an increase of 7% from June and 32% from July 2008, according to RealtyTrac, an online marketer of foreclosed homes. In fact, one in every 355 U.S. […]

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Oil rose Wednesday as stock market gains raised optimism about the economy, offsetting concerns about rising inventories and weak demand in top consumer the United States.
U.S. crude for September delivery settled up 71 cents at $70.16 a barrel.
The gains came as global stock markets posted a broad rally, led by technology and home-building shares […]

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