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Mar 13

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Apple gives COO Cook $5 million bonus, stock for performance during Steve Jobs' medical leave

Apple Inc. is giving its chief operating officer a $5 million bonus for "outstanding performance" running the company while CEO Steve Jobs was on medical leave. Timothy Cook, 49, will also receive 75,000 restricted stock units scheduled to vest in 2011 and 2012, Apple said in a regulatory filing F...

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Washington Mutual resolves disputes with JPMorgan, FDIC over $4B in deposit assets

Washington Mutual Inc. has tentatively resolved disputes with JPMorgan Chase & Co. and the Federal Deposit Insurance Corp. over some $4 billion at issue in the bank holding company's Chapter 11 bankruptcy, a WaMu attorney said Friday. {loadposition in-article} The FDIC seized Washington Mutual...

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Democrats seek agreement, vote on health care

Under White House pressure to act swiftly, House and Senate Democratic leaders reached for agreement Friday on President Barack Obama's health care bill, sweetened suddenly by fresh billions for student aid and a sense that breakthroughs are at hand. {loadposition in-article} "It won't be long," b...

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Retail Sales in U.S. Unexpectedly Rose in February

Sales at U.S. retailers unexpectedly climbed in February as Americans braved blizzards to get to the malls, signaling consumers will contribute more to economic growth. Purchases increased 0.3 percent last month, Commerce Department figures showed today in Washington. Figures for the prior two month...

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