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Health insurance increased 4 percent in third quarter 2011

The cost of health care increased 4 percent in the third quarter of 2011 from the previous year, at least for people with employer-sponsored health insurance. The news come from the Thomson Reuters Healthcare Spending Index for Private Insurers, and also shows a .9 percent increase over the second quarter of 2011. The index tracks… Continue Reading Health insurance increased 4 percent in third quarter 2011

Bumpy earnings season ahead for banks

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You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. They’re the people who finance new factories, plant expansions and fatter payrolls. But don’t count on that over the next two weeks, when banks report their results from the last three months of the… Continue Reading Bumpy earnings season ahead for banks

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Dish Network 3Q earnings climb 30 percent

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Dish Network Corp. posted another loss of subscribers from its slowly dwindling satellite-TV business, even as larger competitor DirecTV adds to its base. Investors, however, were cheered by the announcement of a $2 per share special dividend. Dish shares rose 80 cents, or 3.4 percent, to $24.28 in morning trading Monday after rising as high… Continue Reading Dish Network 3Q earnings climb 30 percent

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Molson slumps in 3Q as economy saps beer money

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Molson Coors says third-quarter profit tumbled 23 percent despite revenue growth because it was burdened by higher costs, the poor U.S. economy and surprisingly weak sales in the U.K. Molson Coors Brewing Co. and other major beer makers have struggled with weak sales as their core consumers — young men — face particularly high levels… Continue Reading Molson slumps in 3Q as economy saps beer money

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Even higher fares can’t help American Airlines

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Even higher fares couldn’t pull American Airlines out of its financial nosedive. American’s parent, AMR Corp., said Wednesday that it lost $162 million in the third quarter, as fuel spending jumped 40 percent, wiping out higher revenue from fare increases and passenger fees. It was AMR’s fourth straight losing quarter and 14th in the last… Continue Reading Even higher fares can’t help American Airlines

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A summer many investors would rather forget

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It was a stomach-churning summer that most investors would like to forget. The United States lost its top-of-the-line credit rating for the first time. The financial system of Europe seemed ready to collapse. Money managers sifted through data for signs that the economy was about to slide into a new recession. In the financial markets,… Continue Reading A summer many investors would rather forget

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Economy grows at slightly faster pace in Q3

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The government’s latest reading on economic growth offers little benefit to Democrats who face deep losses in Tuesday’s elections. The economy grew slightly faster last summer as Americans spent a little more – but far too little to reduce the high unemployment that is frustrating voters. The Commerce Department said Friday that the economy expanded… Continue Reading Economy grows at slightly faster pace in Q3

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