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Investors Show Confidence In Spain, Italy

Spain and Italy have held their first bond auctions of 2012. Spain raised double its target amount, at interest rates a full point or more lower than last month. Italy did somewhat the same. One analyst said the painful austerity programs appear to be bearing fruit.

Layoffs Hit Wall Street As Financial Needs Change

Big banks announced around 60,000 job cuts in 2011. With businesses and consumers still focused on reducing debt, there isn't the same need for financial services as there was before, says one banking analyst. The outlook in the years ahead is for a smaller, more stable and less profitable industry.

In GOP Campaign, Private Equity Firms Draw Flak

The public relations problem for private equity capitalists at firms such as Bain, KKR and Blackstone is that they are the agents of the creative-destruction part of capitalism. They aim to take over underperforming firms and operate them more efficiently. In that process, people do lose their jobs.

The Transformation Of American Factory Jobs, In One Company

A few decades ago, many workers at Standard Motor were illiterate. Today, they need to learn a computer language to operate the machinery.

Kodak Retirees Worry Amid Bankruptcy Talk

About half of Kodak's 38,000 retirees still live in Rochester, N.Y., where the company is based. Many of them are anxious about their pensions and retiree health care coverage amid reports that the company is preparing for a Chapter 11 filing.
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FBI Wooed By Fairfax County Supervisors

Officials in Fairfax County are trying to convince the FBI to consolidate their sprawling operations in D.C. into a single facility in Franconia, Va. -- at the end of the Blue Line.


Heavy Lobbying Before Keystone Oil Pipeline Decision

As the deadline for a decision on a controversial oil pipeline approaches, lobbying is intensifying. The Keystone XL pipeline would transport oil from Canada's tar sands to the Gulf Coast. President Obama is caught in the middle of a jobs-vs.-environment debate.

U.S. Chamber President Criticizes GOP's 'Intramural' Battle Over Bain

U.S. Chamber of Commerce President Tom Donohue says he is "disappointed" that some GOP presidential candidates are attacking front-runner Mitt Romney for his work at Bain Capital. The head of the nation's most powerful pro-business association calls Romney's business record "damn good."