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Internet slowly kills traditional bookstores

Borders Files for Bankruptcy; Stock Plunges 25 pct

The second largest U.S. bookstore chain Borders Group Inc. (NYSE: BGP) filed for Chapter 11 bankruptcy protection as its book sales started sinking in 2008, 2009, and in each quarter of 2010 even after management changes, job cuts and debt restructuring.

Surging Wireless Taxes A Growing Burden

Wireless consumers across the United States continue to face excessive and discriminatory federal, state, and local taxes and fees on their wireless bills, says a new report, which finds Nebraska paying a whopping 23.69 percent.
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A woman takes a brochure detailing how homeowners can make their mortgage payments more affordable at the Fannie Mae booth.

Fannie Mae fires Florida law firm Ben-Ezra & Katz

Fannie Mae has booted Florida-based foreclosure law firm Ben-Ezra & Katz from its retained attorney network after noticing that the firm was not handling its matters in strict compliance with proper procedures, ethical codes of conduct and legal requirements.
Francioni CEO of Deutsche Boerse AG attends a news conference at the Frankfurt stock exchange

Deutsche Boerse, NYSE agree to merge

The NYSE Euronext (NYSE: NYX) and Frankfurt’s Deutsche Boerse have entered into an agreement to merge in a $10-billion transaction that is expected to result in the world's biggest trading vehicle for stocks and derivatives.
U.S. President Barack Obama views a turbine as he tours General Electric's birthplace in Schenectady, New York, January 21, 2011.

NY Fed manufacturing grows in Feb, tops forecast

A gauge of manufacturing in New York State climbed in February to its highest level in eight months, helped by a rise in inventories, the New York Federal Reserve said in a report on Tuesday.
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Cops cleared in shooting of Pace University student

Two cops involved in the fatal shooting of a Pace University football player, Danroy (D.J.) Henry Jr. have been exonerated by a grand jury who found no reasonable cause to vote an indictment in the case.
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Lawsuit accuses Google of stealing trade secrets

NEW YORK, Feb 14 - Technology communications company VoIP Inc sued Google Inc. in New York Supreme Court on Monday, accusing the Internet giant of stealing its trade secrets related to online voice technology.
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Gold rises above $1,360, inflation in focus

Gold rose above $1,360 an ounce on Monday as the dollar's retreat from highs versus the euro took some pressure off prices, with a second consecutive weekly price rise underpinning investors' confidence in the metal.

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