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'Abenomics' Serving Up The Same Old Medicine In Japan?

Japan's Prime Minister Shinzo Abe hopes to bring the Japanese economy out of years of stagnation by pumping money into the economy and encouraging domestic consumption. But not everyone is seeing the benefits, and some say it's just a repackaging of strategies that have failed Japan before.

Private Equity Fund Eyes The Business Of Pot

A couple of guys with serious investment banking experience are moving into the marijuana business. They've launched the first multimillion-dollar private equity fund devoted entirely to what they call the "cannabis space." They're buying companies that provide pot-related goods and services.

Former Goldman Trader Found Liable For Billion-Dollar Fraud

The SEC pursued civil charges against Fabrice Tourre, meaning that his punishment could range from a fine to a lifetime ban from trading in securities. A federal jury in New York City found that Tourre misled investors in a mortgage securities deal.

Weekly Jobless Claims Drop; Mortgage Rates Edge Up

New claims for unemployment benefits fell to 326,000 in the week ending July 27 — the lowest level for initial jobless claims in more than five years, according to the Labor Department. Employment data for the month of July is due to be released Friday.

Where In The World Are There No McDonald's?

McDonald's may seem to be everywhere, but there are still 105 countries without the fast food giant, from Ghana to Jamaica to Yemen to Tajikistan. In six countries, McDonald's once had a presence, but due to economics, and sometimes politics, the franchises closed.

Jobless Aid Falls To New Low

The Labor Department announced on Thursday that applications for jobless benefits fell to 326,000 last week — that's the lowest level since January of 2008.
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Shock Trauma Docs Grapple With Real-Life Medical Drama

We'll tour the Shock Trauma Center in Baltimore, which treats more than 8,000 severely injured patients each year.


S&P 500 Index Passes 1,700 Mark For First Time

The rise is being tied to a drop in weekly jobless claims, as well as assurances from the Federal Reserve that it would continue to support the U.S. economy.

Sony Plugs Back In To Profits

Sony reported Thursday that it's making money again. The Japanese company announced its net income for the latest quarter was $35 million. Much of its success came thanks to a favorable currency rate — a weak yen was key for Sony. Still, the company did see a little improvement in its smart phone sales and entertainment business.

Firm Hopes 'Owning Nashville' Will Pay Off For Investors

A new fund on the New York Stock Exchange is a collection of stocks in publicly traded companies that have one thing in common: the city they call home. The fund managers say it will be an opportunity for locals to invest in companies they know. If it succeeds, other cities could be next.