Economy needs time says top economists survey
A AP survey of lead economists finds the best cure for the economy is time not stimulus. They predict slower growth and 1.9 million jobs this year with unemployment near 8.7 percent by year end. Most oppose new Fed bond buying, citing inflation and market disruption risks. Obama pushes smaller hiring boosts as lawmakers debate debt and borrowing. He visited Durham to announce training 10,000 engineers annually.
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Washington
Associated Press
Federal Reserve
Fed
Treasury
John Silvia
Wells Fargo
Silvia
Barack Obama
Durham
N.C
Wendy's OKs sale of Arby's to Roark Capital Group
Wendy's Arby s Group will sell a majority stake in Arby s to Roark Capital Group for 130 million cash plus assumed 190 million in debt. Roark will own 81.5 percent. Wendy s will keep 18.5 percent. The move ends the two brands merger and prompts a name change for the parent company.
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New York
Wendy’s/Arby’s Group Inc
Arby's
Roark Capital Group
Atlanta
Associated Press
Wendy’s/Arby's Group
Roland Smith
Roark
Moe's Southwest Grill
Cinnabon
Arby’s
Il Fornaio (America) Corp
Corner Bakery Cafe
Il Fornaio
Smith
Wendy’s/Arby’s
Arby
Arby's Inc
Wendy's
Nils Okeson
Bob Bertini
Airlines collect 3.48 billion in bag fees in 2010 profits rise
A government report shows U S airlines earned 3 4 billion from checked luggage in 2010 up 24 percent from 2009 helping profits reach 2 6 billion overall. Delta led bag fee revenue at 952 million while United Continental combined posted about 655 million and American and US Airways also strong.
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U.S
Jim Corri
Dore
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Wenham
Mass
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American
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Rick Seaney
FareCompare.com
Europe
Latin America
Afghanistan
Ford shares drop after 2 billion dealer judgment
Ford Motor Co shares fell early Monday after a Cleveland judge ordered nearly 2 billion dollars in damages to about 3,000 dealerships over 11 years of overcharging for commercial trucks. The award includes 781 million for damages and about 1.2 billion in interest, and Ford plans an appeal.
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Ford Motor Co
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Ford
Cuyahoga County
David Leitch
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Leitch
Io Federal
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