Obama salutes spirit of compromise, signs tax bill

President Barack Obama signs $858 billion tax deal into law in a ceremony in the Eisenhower Executive Office Building on the White House complex, Friday, Dec. 17, 2010 in Washington. (AP Photo/Pablo Martinez Monsivais) WASHINGTON (AP) — President Barack Obama signed into law a huge, holiday-season tax bill extending cuts for all Americans on Friday, […]

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$7.2B is recovered for Madoff’s victims

In this Nov. 26, 2005 photo, Barbara and Jeffry Picower attend the Association of Fund-Raising Professionals’ annual Philanthropy Day Luncheon in Palm Beach, Fla. On Friday, Dec. 17, 2010, Barbara Picower agreed to return $7.2 billion that her late husband made through his association with disgraced financier Bernard Madoff. (AP Photo/Palm Beach Daily News, Jeffrey […]

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Bethlehem Mayor’s Christmas Wish: Sanctions on Israel

Bethlehem Mayor Victor Batarseh lashed out at Israel this week at a tree-lighting ceremony in honor of the Christmas holiday. He accused Israel of cutting Bethlehem off from “its twin city Jerusalem” and called for international sanctions. “Trade sanctions, sports sanctions, educational sanctions, cultural sanctions. Sanctions are the only way,” he said. Batarseh added that […]

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Stocks waver day after hitting 2-year highs

SymbolPriceChangeBA64.88+0.48MCO26.53-0.27MI6.83+1.03ORCL31.89+1.62{“s” : “ba,mco,mi,orcl”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} NEW YORK (AP) — Stock wavered in a tight range Friday, a day after major indexes hit two-year highs. Bonds yields fell slightly at the end of the last full trading week of the year. In a sign the economy is improving, the Conference Board said […]

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Regulators close banks in Ga., Fla., Ark., Minn.

WASHINGTON (AP) — Regulators have shut down three small banks in Georgia and one in Florida, bringing the number of U.S. banks that have failed this year to 155 amid mounting soured loans and economic distress. The Federal Deposit Insurance Corp. took over the three Georgia banks: Appalachian Community Bank of McCaysville, with $68.2 million […]

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Bill preventing big tax hikes heads to Obama

House Speaker Nancy Pelosi of Calif., heads into a Democratic Caucus on Capitol Hill in Washington, Thursday, Dec. 16, 2010. Rep. Barney Frank, D-Mass. is at left, Rep. Bob Etheridge, D-N.C. is at center. (AP Photo/Harry Hamburg) WASHINGTON (AP) — A massive bipartisan tax package preventing a big New Year’s Day tax hike for millions […]

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Will the Dow hit a record high in 2011?

NEW YORK (AP) — Could the Dow set a record high next year? That question would have seemed crazy early last year when fear and panic enveloped the stock market and the Dow Jones industrial average plunged to 6,547 on March 9. Many investors thought it would take a decade or longer to get back […]

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Madoff trustee gets ‘game changing’ $7B settlement

FILE – In this March 10, 2009 file photo, Bernard Madoff exits Manhattan federal court in New York. The trustee recovering money for Bernard Madoff’s burned investors has reached a settlement with the estate of a Florida philanthropist and businessman who made billions of dollars off the fraud. Court-appointed trustee Irving Picard planned an announcement […]

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Arabs Vandalize Joshuas Tomb

More than a thousand Jewish worshippers from all over Israel who went up on Thursday to Joshua’s Tomb in the Samaria village of Timnat Heres were shocked to find that Arabs had vandalized the area with Arabic graffiti. This was not the first time that Arabs have vandalized the compound, but this time was particularly […]

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Accountants on edge waiting for tax-cut changes

SymbolPriceChangeHRB12.97-0.07{“s” : “hrb”,”k” : “a00,a50,b00,b60,c10,g00,h00,l10,p20,t10,v00″,”o” : “”,”j” : “”} WASHINGTON (AP) — The year’s end is always a frantic time for tax preparers. This year, it’s more frenetic than usual. The tax-cut bill emerging in Congress, coming so late in the year, has whipped up a mild panic for accountants, payroll staffs and anyone else […]

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EA app sale: Most iOS games just 99 cents

EA’s Battlefield: Bad Company 2, which just launched today, is one of 70+ games on sale for 99 cents. (Credit: EA) I’ve often felt that 99 cents is the magic number for iOS games. At that price, it’s an impulse buy; I’ll grab it without a second thought. Even if I wind up not liking […]

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