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| McDonald's 1Q profit up 4%
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| McDonald's posted net income of $979.5 million, or 87 cents a diluted share, up from the year-ago quarter's $946.1 million, or 81 cents a share. Excluding a 4-cent-a-share onetime gain from the sale of an investment, McDonald's per-share earnings were 83 cents -- a penny above analyst forecasts.
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| @ Chicago Tribune | Posted: 04/23/09 at 0201 EDST
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| More moved out of Florida than here from other states, census data show
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| For the first time since the 1940s, more people moved out of Florida last year than new residents moved in from other states as the economic slump halted years of explosive population growth in the Sunshine State. Florida reported a net loss of 9,286 domestic residents between July 2007 and July 2008, according to U.S. Census Bureau data released this month. But that loss was offset by a net gain of 77,427 new international residents, mainly Latin American immigrants.
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| @ St. Petersburg Times | Posted: 04/23/09 at 0315 EDST
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| Bay County, Panama City; unemployment rate falls in March
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| The county's unemployment rate, released by the Florida Agency for Workforce Innovation Friday, was nearly a point lower than February's 9.9-percent mark. The unemployment numbers showed the Panama City area's construction (down 1,400 jobs), professional and business services (down 700 jobs), and manufacturing (down 600 jobs) industries had experienced the largest year-over-year job losses.
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| @ Panama City News Herald | Posted: 04/23/09 at 0320 EDST
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| Florida banks balk at caring for vacant homes
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| Banking lobbyists have quietly crafted a measure in the Florida Legislature that would prevent cities and counties from forcing the banks that hold mortgages on properties in foreclosure to maintain those properties until they have actually acquired the title to the land. That foreclosure process can take six months or more.
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| @ Ft. Lauderdale Sun Sentinel | Posted: 04/23/09 at 0330 EDST
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| Florida House approves open pricing for home insurers
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| The House this morning passed a bill that would allow insurance companies to charge whatever premiums it wants on homeowners insurance policies, a move proponents said would attract companies to the state and let the marketplace decide appropriate rates. The policies allowed by the proposal would not be subject to extra fees all insurance consumers are now liable for to pay back state-run Citizens Property Insurance deficits. The bill, sponsored by Rep. Bill Proctor, was overwhelmingly passed 105-13.
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| @ Ft. Myers News Press | Posted: 04/23/09 at 0345 EDST
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| Miami-Dade plan designed to put lenders, homeowners in same room
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| The Miami-Dade Circuit Court will soon require lenders and homeowners to try and settle their cases out of court through mediation, in hopes of saving borrowers' homes and easing the backlog of cases.
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| @ Miami Herald | Posted: 04/23/09 at 0400 EDST
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| Accounting Change Boosts Wells Fargo
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| The San Francisco company said the accounting change, which has generated controversy, allowed it to increase capital reserves by more than $4 billion. The increase could make a critical difference in the federal government's evaluation of the company's ability to withstand a deepening recession, accounting experts said.
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| @ Washington Post | Posted: 04/23/09 at 0415 EDST
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| EPA Is Choking Democracy
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| One of the most important events of our lifetimes may have just transpired. A federal agency has decided that it has the power to regulate everything, including the air you breathe. According to the EPA, greenhouse gases include carbon dioxide — the gas you exhale — as well as methane, nitrous oxide, hydrofluorocarbons, perfluorocarbons, and sulfur hexafluoride. It is literally impossible to imagine a significant economic or human activity that does not involve the production of one of these gases. Don’t think just of the gas and electricity bills. Cow flatulence is a serious concern of the EPA’s already.
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| @ National Review | Posted: 04/23/09 at 0419 EDST
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| Japan Pays Foreign Workers to Go Home
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| Rita Yamaoka, a mother of three who immigrated from Brazil, recently lost her factory job here. Now, Japan has made her an offer she might not be able to refuse. The government will pay thousands of dollars to fly Mrs. Yamaoka; her husband, who is a Brazilian citizen of Japanese descent; and their family back to Brazil. But in exchange, Mrs. Yamaoka and her husband must agree never to seek to work in Japan again.
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| @ New York Times | Posted: 04/23/09 at 0646 EDST
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| Europe Industrial Orders Drop Record 34.5% on Global Recession
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| European industrial orders fell the most in at least 13 years in February as the worldwide economic slump lowered demand for factory equipment and metals. The February drop is the seventh straight decline and the largest since the data series began in 1996.
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| @ Bloomberg News | Posted: 04/23/09 at 0652 EDST
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| German experts warn that US banking euphoria Is premature
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| Good news from six US banks has raised hopes that an end to the financial crisis might be in sight. But German experts think the euphoria is wishful thinking. As they see it, things are going to get worse soon -- and banks will be forced to make billions more in write-downs.
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| @ Der Spiegel | Posted: 04/23/09 at 0655 EDST
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