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NYC wins right to keep famed restaurant name

NEW YORK- (AP) New York City can keep its “Tavern on the Green” and eat there too. U.S. District Judge Miriam Goldman Cedarbaum on Wednesday settled the biggest question in a legal dispute between the city and the longtime operators of the landmark eatery in Central Park

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Japan Airlines Files For Bankruptcy Protection

Japan Airlines has filed for bankruptcy protection. It’s one of the biggest corporate failures in Japanese history. JAL will now embark on a massive overhaul under a prepackaged restructuring plan to shed the fat and inefficiency that undermined its finances E-Mail This Add to Del.icio.us View …

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NJ man sentenced in $100M investment fraud case (AP)

AP – A New Jersey man has been sentenced to 18 years in prison and ordered to pay more than $100 million in restitution for masterminding what a judge described as one of the biggest real estate frauds in state history. Read more: NJ man sentenced in $100M investment fraud case …

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Borrowers with modified loans falling into trouble

WASHINGTON – (AP) One of the biggest challenges to ending the foreclosure crisis is this: A surprising number of homeowners who get their monthly payments reduced fall behind again within a year. When borrowers get into financial trouble, lenders have several ways to help. They can

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Treasury report shows bank lending down again

WASHINGTON – (AP) The value of loans held by the biggest beneficiaries of the government’s bank bailout fell for the ninth consecutive month in October, the Treasury Department reported Tuesday, a day after President Barack Obama criticized top bankers for not doing enough to boost lending.

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CIT Group to exit bankruptcy protection Thursday

NEW YORK – (AP) CIT Group Inc., one of the biggest U.S. lenders to small and mid-sized businesses, said Tuesday that a judge approved its reorganization plan and it plans to emerge from bankruptcy protection on Thursday. CIT Group filed for bankruptcy protection on Nov. 1 after i

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Housing, Factory Activity Picks up

The number of contracts to buy previously owned homes rose for the ninth straight month in October, as the tax credit for first-time home buyers pushed sales to their biggest annual increase on record. Separate reports showed some strength in residential construction and manufacturing. E-Mail This …

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Goldman holders seek bonus pool reduction: report

NEW YORK (Reuters) – Some big Goldman Sachs Group Inc shareholders have asked the U.S. bank to cut what could be the biggest bonuses in its history to pass more profit onto investors, the Wall Street Journal reported on Friday. View post: Goldman holders seek bonus pool reduction: report

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Bernard Madoff’s jacket, watch auctioned in NYC (AP)

AP – It was about fascination with big money — and the life of a couple at the center of the biggest financial fraud case in U.S. history. See the article here: Bernard Madoff’s jacket, watch auctioned in NYC (AP)

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A risky setting for NYC trial of 9/11 suspects – The Associated Press

BBC News A risky setting for NYC trial of 9/11 suspects The Associated Press WASHINGTON — In a move both politically and legally risky, the Obama administration plans to put on trial the professed mastermind of the Sept. 11 terror attacks and four alleged accomplices in a lower Manhattan courthouse. The venue for the biggest … Strong reaction to announcement of 9/11 trial in New York court Los Angeles Times NY trial ordered for 9/11 detainees Philadelphia Inquirer New York, Court Brace for Logistical Hurdles Wall Street Journal Washington Post  - Detroit Free Press  - New York Times all 2,159 news articles »

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