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Finance

Lack of Greek proposals leaves eurozone on edge

BRUSSELS (AP) — Greek Prime Minister Alexis Tsipras strode into a summit of eurozone leaders with a beaming smile Tuesday, but was met with anger when it became clear he had no written proposal on how to save his country ...

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IMF: Financial risks growing at US insurers

WASHINGTON (AP) — The International Monetary Fund warned Tuesday that American stock prices are high and U.S. insurers and mutual funds are vulnerable to financial shocks. It also urged Congress not to weaken financial regulations passed in 2010. The IMF ...

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After vote win, Greece’s Tsipras looks to rebuild talks

ATHENS, Greece — Despite triumphing in a popular vote against austerity, Greece on Monday faced the urgent need to heal its ties with European creditors and reach a financial rescue deal that might prevent it from falling out of the ...

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What’s next, as Greece stumbles toward euro exit

FRANKFURT, Germany — Greece is at the last chance saloon, thirsty and out of credit. Next stop could be the badlands of euro exit. Without a deal on more bailout loans, the heavily indebted country faces looming financial hurdles in ...

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Why a higher-rate era may not pain economies, individuals

WASHINGTON — Consumers, businesses and investors are facing an era of higher borrowing costs as some of the lowest global interest rates in modern history begin to rise. Yet the message from most economists is a reassuring one: Rates won’t ...

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Fed struggled in 2009 over how to boost economy

WASHINGTON — As the Great Recession inflicted worsening damage on the U.S. economy, the Federal Reserve struggled during 2009 to determine the best corrective steps to pursue. Transcripts of their meetings released Wednesday showed that the Fed’s policymakers feared the ...

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US will drive global growth in 2015

WASHINGTON — The United States is back, and ready to drive global growth in 2015. After long struggling to claw its way out of the Great Recession, the world’s biggest economy is on an extended win streak that is edging ...

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College savings tax deadline looms

ALBANY (AP) — Time is running out for New Yorkers who hope to get a tax deduction by setting aside money in a college savings account. Thomas DiNapoli is reminding residents that in order to claim the tax relief contributions ...

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Firm targets billing results

Nursing homes can improve billing results with a service called Source Solutions, a new capability operated by two organizations of long-term care billing experts — Bonadio Receivable Solutions and MDS Solutions. Claudia Groenevelt, director of Bonadio Receivable Solutions, said the ...

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Treasury to limit profitability of overseas shifts

WASHINGTON — The Obama administration will decide “in the very near future” what actions it can take to make it less profitable for U.S. companies to shift their legal addresses to other countries, Treasury Secretary Jacob Lew said Monday. A ...

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Yellen: Job market makes Fed hesitant

Great Recession affecting decision on when to adjust rates WASHINGTON — Federal Reserve Chair Janet Yellen said Friday that the Great Recession complicated the Fed’s ability to assess the U.S. job market and made it harder to determine when to ...

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