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American Apparel Shedding Stores and Jobs

Clothing retailer American Apparel unveiled a plan to cut costs by $30 million but warned it may not be enough to get it through the next year.

ABC News: Business 

How Bond Investors Stand to Lose When Interest Rates Rise

In a key scene in the movie ???Wall Street,??? the seasoned investment pro played by Hal Holbrook likens Charlie Sheen???s impending doom to a man ???looking into the abyss.???

TIME Magazine Online: Top Business Stories 

Warren Buffett Donates $2.8 Billion … Again

Five foundations will benefit from his annual gift

Reuters: Business News 

Greek finance minister quits to smooth talks after thunderous 'No'

ATHENS/FRANKFURT (Reuters) - Greece's combative finance minister resigned on Monday, removing one major obstacle to any deal to keep Athens in the euro zone after Greeks voted resoundingly to back the government in rejecting the austerity terms of a bailout.

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