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U.S. relief organizations have raised $1.3 billion in donations over the six months since an earthquake devastated Haiti, according to a philanthropy expert.
While much of the money is yet to be spent, even more will be needed to rebuild the battered nation.
The donations have been enough to provide basic necessities such as food and […]

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Shares of State Street soared to end almost 10% higher Wednesday after the custody bank said its quarterly earnings would easily beat forecasts.
Before the market opened Wednesday, State Street (STT, Fortune 500) said it expected second-quarter earnings to be 93 cents a share on $2.2 billion in revenue.
That estimate easily topped analysts’ average […]

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After months of negotiation and debate, far-reaching legislation to overhaul the rules of Wall Street failed a key test vote in the Senate on Wednesday, casting a shadow over Democratic efforts to push the effort forward.
The measure aims to stop bailouts, shine a light on complex financial products and strengthen consumer protection.
The vote was […]

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Kinder Morgan Energy Partners LP and Copano Energy LLC have formed a joint venture to provide gathering, transportation and processing services to natural gas producers in the Eagle Ford Shale resource play in South Texas.
The 50-50 joint venture, named Eagle Ford Gathering LLC, was first announced by the two companies last November.
Citing a “high level […]

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A volcanic eruption in Iceland threw trans-Atlantic flight into disarray Thursday, forcing some carriers leaving San Francisco’s airport to cancel trips to London and Paris.
An ash cloud from the volcano prompted the closure of all British airports until at least 7 a.m. local time Friday. Airports in France have been shut down as well.
As a […]

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AirTran Airways had another record quarter for traffic, the airline said Monday.
Traffic, also known as revenue passenger miles, jumped 7.5 percent to 4.4 million in the first quarter. Traffic also spiked 9.6 percent in March.
Load factor — how full planes were — was also up by 0.9 percentage points to 77.2 percent in the first […]

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Auto giant Toyota is expected to recall almost 300,000 Prius vehicles worldwide, ending several days of speculation about the much-embraced and honored hybrid.
Japan’s Kyodo News agency says the automaker will recall 100,000 hybrids in the U.S. and another 170,000 in Japan. The recall would affect only those Prius models that arrived at dealerships starting in […]

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Did you purchase a home after Nov. 6? Don’t expect your $8,000 homebuyer tax credit any time soon.
UPDATED: IRS releases new form, begins accepting claims again
Since Congress passed the tax credit last February as part of the stimulus program, more than 1.4 million buyers have scrambled to take advantage of it, according to […]

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Wal-Mart Stores Inc, which has already cut prices on everything from toys to turkeys to TVs to win holiday shoppers, is now reducing the price it charges for money transfers.
Through January 31, U.S. Wal-Mart stores will charge customers a $7 fee to send up to $200 anywhere in the United States or abroad. Previously, […]

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Fortinet Inc. said Monday that it well sell 12.5 million shares in its initial public offering this week instead of the 12 million originally planned.
That raises the total value of the offering to up to $137.5 million at the expected initial price of between $9 and $11.
The change is entirely in the number of insider […]

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