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Joe Raedle, Getty Images
Joe Raedle, Getty Images
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Survey of the Day: 47 Percent of Americans Think Wall Street Harms the Economy

The Occupy Wall Street movement continues to generate headlines, so what better time to see what Americans actually think of our esteemed financial institutions?

Forty-seven percent of Americans think Wall Street hurts the American economy more than it helps, whereas only 38 percent think the opposite is true.

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Category: Business, Money Tags:
wackelijmrooster, Flickr
wackelijmrooster, Flickr
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What Are the 10 Best Places to Retire?

When people retire, they often decide to pull up stakes and move to a new city. No longer bound by the restraints of employment offices or client locales, retirees may instead find themselves drawn to places with great weather, affordable housing or better amenities than where they currently live.

U.S. News used data from Onboard Informatics to ascertain 10 things people look for when they retire, and matched up those attributes with cities excelling in each.

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Category: Business, Money Tags:
Good Morning America
Good Morning America
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Passenger Sues Continental Airlines for Severely Turbulent Flight [VIDEO]

A Texas woman has decided to sue Continental Airlines and three other air carriers for mental trauma she endured during a particularly hellish flight.

What, did she have to sit through ‘The Smurfs’ on the in-flight movie?

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Roger Hornback, Getty Images
Roger Hornback, Getty Images
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99 Cents Only Stores Will Be Bought Out for $1.6 Billion

99 Cents Only Stores Inc. said Tuesday it had agreed to a $1.6 billion buyout from Los Angeles private equity firm Ares Management and the Canada Pension Plan Investment Board.

The chain, founded in 1982, operates 289 stores in California, Texas, Arizona and Nevada, and was a pioneer of the single-price retail concept. Such low-priced stores have become increasingly popular with consumers in the years since the economy began to falter.

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Category: Business Tags:
lcm1863, Flickr
lcm1863, Flickr
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Restaurant Chain Friendly’s Files for Chapter 11 Bankruptcy

Citing the economic downtown and rising food costs, the parent of the Friendly’s restaurant chain filed for Chapter 11 bankruptcy protection on Wednesday and closed 63 underperforming stores.

The 76-year-old franchise, based in Wilbraham, Massachusetts and known for its ice cream and hamburgers, will continue to operate more than 400 restaurants as it restructures.

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Category: Business, Food Tags: ,
csessums, Flickr
csessums, Flickr
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Gas Prices Drop as Consumer Demand Falls

Thanks to a steep drop in crude-oil prices, gas costs have fallen below $3 a gallon in parts of Michigan, Missouri and Texas, and are expected to decline in many other states as well.

Call it an unexpected bright spot in the global economic crisis. Now that drivers have cut back on trips, shippers are moving fewer goods, and vacationers are staying closer to home, the demand for gasoline, diesel and jet fuel has fallen accordingly. And as we all learned in Economics 101, less demand equates to lower prices.

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Category: Business, Money Tags:
FOX Philadelphia
FOX Philadelphia
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Mom Fired After Taking Time Off to Give Her Son a Kidney [VIDEO]

Claudia Rendon of Pennsylvania has had a tough year. First, her mother and uncle died, then her father was diagnosed with leukemia. As if that wasn’t enough, she later discovered her son, Alex, was in need of a kidney transplant.

Doctors found she was a suitable donor match, so Rendon took time off work to give Alex the kidney he needed. But when she tried to return to her job several weeks later, she found she’d been fired.

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Category: Business, Family Tags:
David Chu, Flickr
David Chu, Flickr
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Former HR Exec Says Cover Letters Are a Waste of Time

If you’re currently in the market for a job, you’ve heard the age-old advice: have a great résumé, and don’t forget to include a cover letter.

David Gaspin, the former head of talent acquisition at Conde Nast, begs to differ.

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Microsoft Buys Skype for $8.5 Billion
Mario Tama, Getty Images
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Microsoft Buys Skype for $8.5 Billion

Microsoft is set to shell out big bucks - a whopping $8.5 billion - to buy Skype Global, the NY Times is reporting.

According to the report, the deal will allow Microsoft to leverage Skype, which last year had 207 billion minutes of voice and video conversations, on platforms including Xbox 360, Kinect and Outlook.

"Skype is a phenomenal service that is loved by millions of people around the world. Together we will create the future of real-time communications so people can easily stay connected to family, friends, clients and colleagues anywhere in the world," Steven A. Ballmer, Microsoft's chief executive, said Tuesday in a statement.

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Category: Business, Technology Tags: ,
McDonald's to Receive $1 Billion Makeover
Justin Sullivan, Getty Images
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McDonald’s to Receive $1 Billion Makeover

The interior decor at your local Golden Arches leaves a lot to be desired, but that won't be the case for much longer.

The fast food giant plans to drop roughly $1 billion to re-decorate its restaurants, replacing red-and-yellow plastic with faux-leather and harsh overhead lighting with something that creates more ambiance.

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Category: Business Tags:

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