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Chinese conglomerate buys AMC Entertainment for $2.6 billion

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The Wanda Group, a Chinese company with diversified investments in the entertainment industry, has agreed to buy AMC Entertainment, the nation’s second-largest theater chain. The deal marks the largest investment to date by a Chinese company in the American film industry.
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For older adults, unemployment remains high, job searches long

While the economy takes tentative steps toward recovery, for older Americans, that recovery is elusive. With high unemployment rates already, their time spent looking for a new job is much, much longer than average....
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New study shows federal investment in bike infrastructure paying off

May is National Bike Month, a month promoting cycling as a transportation alternative. New data show dramatic increases in bicycle use over the past decade in cities across the country. The data also revealed economic savings from bike commuting. ...
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Greek economic turmoil presents tough questions, bad consequences

As Greece tries to get its political and financial house in order, the return of the drachma seems ever more possible. But that might not be the salve some Greek leaders want it to be. The consequences for Greece could quickly spiral beyond their control....
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VIDEO: Economists fearful of consequences as Greeks move to have another set of elections

In Greece, the government is moving to another round of elections after the latest round produced no viable government. Meanwhile, economists are worried that the instability between now and then could cause economic havoc, not the least of which is Greeks who are pulling their savings out of Greek banks in fears that a default could cost them their life savings....
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Thousands of Portugese fleeing sinking economy, with many headed for Brazil

Portugal's former colony, Brazil has a booming, growing economy. By comparison, Portugal's economy is moribund. As the highly educated younger generations struggle to find work, many are leaving and heading to Brazil. In Brazil, the need to prepare for upcoming international events and the growing economy provide many opportunities....
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New book casts America's economic future in strikingly positive light

Daniel Gross' new book "Better, Stronger, Faster: The Myth of American Decline and the Rise of a New Economy," has a more optimistic take on the U.S. economy and its current state....
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Wave of reporting on Dutch political, economic struggles misses the nuance

When the government of The Netherlands fells over a disagreement on austerity and government spending, reporters rushed to Holland to find signs of further trouble. But in all that reporting, the examples held up as signs the sky was falling may have overlooked the reality on the ground....
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Small town in New York reveling in new, community-owned department store

Saranac Lake lost its only department store in 2002. When that happened, locals had to travel 50 miles to buy socks or sheets. So they banded together, made a plan and late last year they opened a community-owned department store. They're happy to say that they're selling more than they projected they would at this point in time....
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Mayor David Bing calls for cutbacks, assistance to keep Detroit afloat

Detroit has been hit hard by the recession. Once known as the "Paris of the Midwest, Detroit is now the poorest major city in the United States. City officials are in the midst of numerous efforts to stave off bankruptcy, but they're struggling to keep residents happy. ...
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