COMPANIES

Cargill Announces Second Turkey Recall

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Cargill Inc said on Sunday that it will recall ground turkey products at one of its U.S. facilities for the second time in two months after a U.S. government body found salmonella contamination.
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That “Loan” May Be a “Bond”

In a groundbreaking announcement, the Municipal Securities Rulemaking Board (MSRB) has advised municipal bond market participants that many “bank loans” currently being structured for state and local governments are likely to be classified as municipal securities, even though these “bank loans” are often being privately placed.
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The Standard and Poor's building is seen in New York

McGraw-Hill to Split Into Two Companies

(Reuters) - McGraw-Hill Cos Inc. plans to split into two public companies, with one holding its Standard & Poor's ratings and index businesses and the other holding its textbook publishing units.
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Venoco Raises 2011 Capex Forecast

Oil and natural gas company Venoco Inc raised its full-year capital expenditure forecast to $250 million from $200 million, partly due to the construction of a newly approved pipeline.
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Can Cook be an Effectual Entrepreneur Like Jobs?

With Tim Cook taking over the role of Steve Jobs the question raised is whether he can fill the shoes properly. Certainly he can if he is capable of focusing on the below five dimensions of being an excellent effectual entrepreneur.
Apple retail store in Upper West Side, New York City

The Biggest Threat to Apple could be HTML5

In the world of consumer electronics, Apple has emerged as the leader, redefining a number of industries and generating revenue and margins competitors could only dream for, but that delicate lead may be coming to an end.
A Bank of America customer uses a Bank of America ATM in Charlotte

What the Bank of America Shake-Up Means for You

The recent executive shakeup at Bank of America followed by reports of massive layoffs at the bank may leave you wondering what the turmoil means for you - either as a client of the banking colossus and Merrill Lynch, the brokerage firm it owns, or as a shareholder.
U.S. Housing Market

Home Sales: 5 Tips for Prospective U.S. Home Sellers

Without qualification or conditions, amid a tepid U.S. economic recovery, the U.S. housing market remains a buyer's market. That said, are there ways home sellers can better-position their home for a sale amid such intense competition? Indeed there are, and here are five.
A man walks out of a McDonald's restaurant in New York

McDonald's August Sales Miss; Japan Drags

McDonald's Corp (MCD.N) reported a lower-than-expected rise in worldwide August sales at established restaurants on a steep drop in Japan and a lull in new product launches in the United States.
Scotiabank buys into Guangzhou Bank for C$719 million

Scotiabank buys into Guangzhou Bank for C$719 million

Bank of Nova Scotia (BNS.TO) said on Friday it will buy a near 20 percent stake in Bank of Guangzhou for about C$719 million ($722 million) to expand its footprint in China, becoming the latest foreign bank to invest in a Chinese bank before the bank does an IPO.
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U.S.Court Approves $263.4M Settlement of Hecla Mining Case

A U.S. court has approved a proposed $263.4 million settlement by Hecla Mining Co. to resolve a 20-year-old dispute involving the silver mining company's liabilities for an environmental contamination in Idaho's Coeur d'Alene Basin.
The IPhone

iPhone 5 Will Reign Supreme: Eight Reasons Why

While the Samsung Galaxy S2 is grabbing success in other parts of the world and is about to hit the U.S. market, Motorola Droid Bionic has hit the ground and Apple’s iPhone 5 is crawling through slews of rumors to reach the release date.
A Bank of America sign is pictured outside a bank branch in Charlotte

BofA Reported Considering 40,000 Job Cuts

Bank of America executives have discussed slashing roughly 40,000 jobs during the first wave of a restructuring, the Wall Street Journal reports, citing people familiar with the plans.
A Twitter page is displayed on a laptop computer in Los Angeles

Twitter now has 100 million active users

Only about half of Twitter's 200 million-plus registered members log on daily but the microblogging website is chalking up growth of 40 percent every quarter in mobile device usage, Chief Executive Dick Costolo said on Thursday.

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