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Business groups: Reject solar bill that could cost $1B

Posted by:admin on June 6, 2012

The Pennsylvania Chamber of Business and Industry, along with other industry trade groups in the state, is urging the Legislature to reject a bill that gives additional support to the solar energy market and could cost businesses and consumers as much as $1 billion in energy price hikes.

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Pa.’s RACP program redesigned with new name

Posted by:admin on June 6, 2012

Given the tighter fiscal constraints in state government, the Office of the Budget announced Tuesday a redesigned Redevelopment Assistance Capital Program, or RACP, that focuses on merit-based selection and projects that will create jobs.

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New Fannie CEO has bank baggage

Posted by:admin on June 6, 2012

Fannie Mae named its general counsel, Timothy Mayopoulos, as its next chief executive officer after he agreed to a sharp pay cut imposed by the mortgage-finance company's federal regulator.

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More young Americans out of high school also out of work

Posted by:admin on June 6, 2012

For this generation of young people, the future looks bleak. Only one in six is working full time. Three out of five live with their parents or other relatives. A large majority — 73 percent — think they need more education to find a successful career, but only half of those say they will definitely enroll in the next few years.

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Nasdaq weighs fee discount

Posted by:admin on June 6, 2012

Nasdaq OMX Group Inc. is considering offering discounted trading fees to the financial firms that lost money after the exchange botched their trades during the ill-fated debut of Facebook Inc. shares, people familiar with the matter said.

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Buffett discloses Lee stake

Posted by:admin on June 6, 2012

Billionaire investor Warren Buffett's Berkshire Hathaway Inc. disclosed a 3 percent stake in newspaper publisher Lee Enterprises Inc. Tuesday, after the Securities and Exchange Commission rejected the company's proposal to have its investment treated as confidential.

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