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Obama Says He Wants Oil Producers to Boost Output

WASHINGTON -- As the high cost of gasoline takes a toll on politics and pocket books, President Barack Obama said Tuesday he is calling on major oil producers such as Saudi Arabia to increase their oil supplies to help stabilize prices, warning starkly that lack of relief would harm the global economy. "We are in a lot of...

Jury Convicts Executive in $3B Mortgage Fraud Case

ALEXANDRIA, Va. -- A jury on Tuesday convicted the majority owner of what had been one of the nation's largest mortgage companies on all 14 counts in a $3 billion fraud trial that officials have said is one of the most significant prosecutions to arise from the nation's financial crisis. Prosecutors said Lee Farkas led a...

Obama's Pulpit Is Bully, but GOP Keeps Charging

WASHINGTON -- Running for re-election, President Barack Obama is employing powers not available to his Republican challengers. Just this week he's holding town halls in three states, arriving in grand style on Air Force One and granting coveted interviews to local TV news anchors. He doesn't have the field entirely to...

Rich Paying Less Income Tax, Half of Households Pay None

WASHINGTON - Still scrambling to file your taxes? You'll probably take little consolation in hearing that the super rich pay a lot less taxes than they did a couple of decades ago. And nearly half of U.S. households pay no income taxes at all. The Internal Revenue Service tracks the tax returns with the 400 highest...

Rescuers Honored for Saving Gulf Oil Rig Workers

BELLE CHASSE, La. -- Nearly one year after an explosion aboard the Deepwater Horizon drilling rig killed 11 workers and led to the nation's worst offshore oil spill, the Coast Guard honored a supply vessel's crew who helped rescue 115 survivors. Patrick Semansky, AP Billy Marsh, a crew member of the offshore...

Personal finance News From AOL

THE HUFFINGTON POST

What Could JPMorgan Have Done For Small Business With $2 Billion

In the beginning of the end of the dot com bubble I was working for what I considered a small company in comparison to Xerox and EDS.

THE HUFFINGTON POST - BUSINESS

Jared Bernstein: May Jobs Report: Some Context

Everyone's all wound up about tomorrow's employment report... as am I. One could sagely stroke the chin and very correctly pronounce that given the statistical confidence intervals around these data -- their margins of error -- the monthly reports are given far too much weight.

AOL LATINO NOTICIAS

Personal finance News From the Web

05/31/12 Squaremouth Names Top Travel Insurance Providers for... Source: PRWeb St. Petersburg, FL (PRWEB) May 31, 2012 Travel Insured International takes the top spot in US travel insurance sales for April according to comparison site Squaremouth.com. Travel Insured International has led the market in overall premium sold every month this year, and continues its reign by capturing 19.75% of the travel insurance market.
05/31/12 Ongoing foreclosure protest vexes Minneapolis leaders Source: Star Tribune - Minneapolis MN A protest over the foreclosure of a house in south Minneapolis has escalated into a nightly confrontation with police and created a political dilemma for city leaders, who loathe taking part in foreclosures but say they have to keep the peace.
05/31/12 Thailand - Market factors to watch - June 1 Source: Reuters Thai stocks are expected to fall on Friday amid weakness elsewhere in Asia, with a fall in global oil prices likely to add to the pressure on heavyweight energy shares, brokers said.
05/31/12 Seoul shares slip on China data; poised for 3-day fall Source: Reuters Seoul shares retreated on Friday morning, extending their losing run into a third day, after weaker-than-expected Chinese PMI data stoked worries over a slowdown in the world's second-largest economy.
05/31/12 CFTC subpoenas JP Morgan over trading loss - WSJ Source: Reuters The enforcement division of the Commodity Futures Trading Commission (CFTC) is issuing subpoenas requesting emails and other internal JP Morgan documents in connection with the bank's multi-billion dollar trading loss, the Wall Street Journal said, citing people close to the investigation.