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U.S. Boss Offers Blunt Critique; French Workers Give Fiery Response

Thursday, February 28th, 2013

The U.S. firm Titan Tires was weighing the purchase of an ailing factory in France. But in a leaked letter, Titan’s CEO said the deal was off because the workers were unproductive, the unions ‘crazy.’ A war of words has ensued.

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Budweiser May Seem Watery, But It Tests At Full Strength, Lab Says

Thursday, February 28th, 2013

Class-action lawsuits accuse Anheuser-Busch of watering down Budweiser and other beers and then misleading consumers about their alcohol content. The company denies the claims; in tests commissioned by NPR, samples of Budweiser were found to be in line with their advertised alcohol content.

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Economists See Budget Cuts Putting The Recovery At Risk

Wednesday, February 27th, 2013

Nearly all economists in a recent poll believe growth is “likely to be negatively affected” by the automatic federal spending cuts set to go into effect starting Friday. The $85 billion in cuts could have wide-ranging impacts, from military spending to consumer confidence.

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PayPal co-founder Levchin launches new mobile payment start-up

Wednesday, February 27th, 2013

SAN FRANCISCO (Reuters) – Max Levchin, co-founder of online payment giant PayPal, launched a rival business on Tuesday called Affirm that will compete in the crowded but fast-growing mobile payments…

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GM Denies Asking For $2.1 Million Pay Raise For CEO Dan Akerson

Wednesday, February 27th, 2013

The government still owns part of GM and when the automaker took a $49.5 billion bailout, it agreed to have executive pay approved by government.

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