Warren Buffett urges Congress to raise taxes on wealthy

OMAHA, Neb. — Billionaire Warren Buffett is again calling for higher taxes on the "ultra-rich" and he's urging Congress to compromise on spending cuts and tax increases. Buffett expressed his views on fiscal policy in an opinion article Monday in...

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NYSE warns iParty over low stock price

Party goods retailer iParty Corp. said today it has received a compliance notice from the New York Stock Exchange due to the Dedham-based company's low selling stock price for a substantial period of time. The NYSE said iParty's continued listing is...

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Google buys Wi-Fi provider ICOA for $400 million

NEW YORK — Google has bought an operator of Wi-Fi hotspots in high-traffic locations such as airports, hotels and fast-food restaurants. Google Inc. is paying $400 million for ICOA Inc., a Warwick, R.I., company, as part of the search company's efforts...

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UK picks Canadian to lead Bank of England

LONDON — The British government has chosen the head of Canada's central bank to become governor of the Bank of England effective July 1. Treasury chief George Osborne announced the surprise choice of Mark Carney to the House of Commons on Monday....

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Ranbaxy recalls generic Lipitor doses

TRENTON, N.J. — Ranbaxy Pharmaceuticals Inc. has recalled dozens of lots of its generic version of cholesterol drug Lipitor because some may contain tiny glass particles, the latest in a string of manufacturing deficiencies that once led U.S. regulators...

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Facebook stock climbs after upgrade

NEW YORK — Facebook's stock is climbing after an upgrade from an analyst who believes Wall Street is underestimating the company's potential to grow revenue. Bernstein Research analyst Carlos Kirjner said Monday that Facebook Inc. is likely to beat...

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Markets nervous as euro ministers meet on Greece

LONDON — Concerns that European finance ministers will again fail to reach an agreement on handing over more bailout cash to Greece weighed on markets Monday. Following last week's bout of optimism, which sent a number of stock indexes up to near...

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Mary Schapiro stepping down from SEC; successor tapped

WASHINGTON — Mary Schapiro will step down as chairman of the Securities and Exchange Commission next month after a tumultuous tenure in which she helped lead the U.S. government's regulatory response to the 2008 financial crisis. President Barack...

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Top lobster scientists gather in Maine

PORTLAND, Maine — On the heels of a summer that featured a potentially record-breaking lobster haul in Maine and Canada and a crash in wholesale prices, top lobster scientists are meeting in Maine to look at fundamental changes that have affected lobsters...

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Fiscal cliff warning sends stock market lower

Traders came back to work on Monday after the Thanksgiving weekend to the same old worries about the fiscal cliff and the European debt crisis. The stock market fell in midday trading as Washington lawmakers and business groups bickered over the proper...

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