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Posted inBusiness

Merrill Lynch fined over 529 plans

WASHINGTON – Industry regulators have fined Bank of America Corp.’s Merrill Lynch unit $500,000 because of oversight failures involving sales of college-savings products called 529 plans. The Financial Industry Regulatory Authority also censured Merrill Lynch in a disciplinary action disclosed Tuesday. FINRA found that Merrill Lynch failed to maintain adequate supervisory procedures to ensure that […]

Posted inBusiness

Global unemployment rate at 7 percent, Gallup finds

WASHINGTON – About 7 percent of the world’s work force is unemployed, while 40 percent of the global workers had stable jobs for a full-time employer, according to new report from Gallup. The data released Wednesday came from Gallup surveys done in 129 countries and regions in 2009 and 2010, and represents the first results […]

Posted inBusiness

OSHA to keep existing noise rules

WASHINGTON – The government is scrapping plans to change workplace noise standards after business groups and lawmakers complained about the costs. The announcement Wednesday from the Occupational Safety and Health Administration comes a day after President Obama told agencies to go after rules that place an unreasonable burden on businesses. OSHA spokeswoman Diana Petterson said […]

Posted inBusiness

Holiday helps eBay revenue increase 5 percent

SAN FRANCISCO – EBay Inc. said Wednesday that its fourth-quarter revenue rose, with the healthy holiday shopping season fueling growth in its PayPal online payments business and online marketplace. The company’s profit fell, since the year-ago quarter included a large gain from the sale of Internet communications business Skype. Excluding special items, eBay’s fourth-quarter profit […]

Posted inNation & World

Disgraced ‘thug’ sheriff gets life in prison

BENTON, Ill. – A federal judge called a disgraced Illinois sheriff “the worst of humanity” Wednesday and sentenced him to life in prison for trafficking marijuana on the job and a foiled plot to have potential witnesses killed. U.S. District Judge J. Phil Gilbert sided with prosecutors in deciding that Raymond Martin should be harshly […]