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Author Archives: Bloomberg News

Ex-Im Bank gaining support as lawmakers seek more oversight

Support for the U.S. Export-Import Bank gained momentum this week as some opponents said they would consider reauthorizing the agency and lawmakers sought ways to increase its oversight and aid to small businesses.

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Obama administration to require vendors to disclose labor law violations

The Obama administration announced measures to improve working conditions for employees of federal contractors, some of whom have gone on strike over what they contend are unfair labor practices by companies doing business with the U.S. government.

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NCAA reaches $70M settlement over head injuries

The National Collegiate Athletic Association agreed to pay $70 million for the testing and diagnosis of student athletes who may have sustained head injuries during NCAA-sanctioned competition.

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Zillow to acquire Trulia for $3.5 billion in all-stock deal

Zillow Inc. agreed to purchase Trulia Inc. for $3.5 billion in an all-stock deal that is designed to make the combined entity the largest in online real estate advertising. Trulia shareholders will receive 0.444 shares of Zillow for each share ...

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House subpoenas Ex-Im worker with time running out for bank

A U.S. House committee subpoenaed a former Export-Import Bank employee in a widening investigation that could complicate efforts to reauthorize the lender two months before its charter expires.

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GM’s top lawyer should have been fired, McCaskill says

General Motors Co. should have dismissed its top lawyer, said Senator Claire McCaskill, as the Missouri Democrat opened the fourth congressional hearing in as many months into why it took the automaker so long to recall fatally flawed vehicles.

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Microsoft to cut 18,000 jobs as CEO streamlines

Microsoft Corp. said it will eliminate as many as 18,000 jobs, the largest round of cuts in its history, as Chief Executive Officer Satya Nadella integrates Nokia Oyj’s handset unit and slims down the software maker.

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