Daily Archives: May 20, 2013

Apple Uses Firms Outside US to Avoid Taxes

Apple Inc. employs a group of affiliate companies located outside the United States to avoid paying billions of dollars in U.S. income taxes, a Senate investigation has found. The world’s…

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Rates Mixed at Weekly US Treasury Bill Auction

Interest rates on short-term Treasury bills were mixed in Monday’s auction, with rates on three-month bills unchanged while rates on six-month bills rose to the highest level in five weeks.…

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Warren Buffett Gives Young Entrepreneurs 10 Shares

Meeting Warren Buffett is exciting, but 10-year-old Matthew Meyer says winning $5,000 and 10 shares of stock in Buffett’s company made Monday the best day of his life. Matthew says…

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Report Says Poor Are Moving to Nation’s Suburbs

More poor people live in the nation’s suburbs than in urban cities, because of affordable housing, service-sector jobs and the increased use of housing vouchers, according to a study released…

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United Restarts 787 Flights After Grounding

United Airlines put its 787 back in the air on Monday, with both the airline and Boeing hoping to put the plane’s four-month grounding behind them. The flight from Houston…

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Hizbullah Pulled More Deeply Into Syria Civil War

Hizbullah was pulled more deeply into Syria’s civil war as 28 guerrillas from the Lebanese Shiite terrorist group were killed and dozens more wounded while fighting rebels, Syria activists said…

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Big Apple Politics

Catsimatidis Ad Aims at Lhota’s Years at the MTA Republican John Catsimatidis’s new mailer to Republican voters in Staten Island contains the usual bio material about the supermarket mogul, but…

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Gunman Kills 4, Himself, In Be’er Sheva Bank

A gunman shot dead four people in a bank in Israel on Monday after being refused an overdraft and cash from its automatic teller machine. The assailant, identified by media…

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High Court to Weigh In On Legislative Prayers

The Supreme Court said Monday it will hear a new case on the intersection of religion and government in a dispute over prayers used to open public meetings. The justices…

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Massive Tornado Roars Through Oklahoma

A monstrous tornado as much as a mile wide roared through the Oklahoma City suburbs Monday, flattening entire neighborhoods with winds up to 200 mph, setting buildings on fire and…

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Obama’s Plumbers

You have to feel a teeny-tiny bit of sympathy for the Obama administration, which buckled to congressional pressure last year by agreeing to investigate a series of leaked news stories…

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Leaks, and How to Stop Them

The often-bumpy relationship between government and the press — gracefully termed adversarial — is having another of its periodic bumps. The Associated Press made its own news this week by…

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Small Company Stocks Take the Limelight

Small-company stocks were a bright spot in a slow and choppy start to the week for Wall Street. The Russell 2000, an index of small-company stocks, climbed above 1,000 points…

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Israel Nixes UNESCO Visit, Blames PA Politicking

Israel on Monday canceled a visit by a delegation from UNESCO, the United Nations Educational Scientific and Cultural Organization, to inspect preservation work in Yerushalayim’s Old City, blaming the Palestinians…

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New Tax Targets Israeli Homebuyers

A new tax targets the country’s largest segment of homebuyers — people who want to sell their only apartment in order to buy a new one — Globes reported on…

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Southern N.Y. Village Marks 175th Anniversary

A village named for pack horses that died in the American Revolution has a new monument marking its 175th anniversary. The bronze statue of a pack horse was unveiled Saturday…

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