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Deals of the Hour / June 30, 2011, 8:51 pm

Amazon fights California sales tax requirement

It is real money." But Larry Darnell, who sells guitars and artworks on the Internet from his home in the Santa Cruz County town of Felton, said he believes Amazon should collect sales tax. "I don't think they're a particularly good corporate citizen ... (Source: Los Angeles Times 2011-07-01T03:07:24Z)

Corbett poised to sign Pa. budget before midnight

The state Senate rushed to vote on the final piece of legislation in the budget deal, an hour before the midnight Thursday budget deadline. The $27.2 billion budget makes deep cuts to education and human services but doesn't raise new taxes to cope with a ... (Source: Times-Leader 2011-07-01T03:14:33Z)

iPhone turns 4: Early predictions rewound

Four years ago today, Apple's first iPhone went on sale, a landmark event that bears looking at anew as all eyes are now on the company to announce a fifth-generation of the device. It's easy to look back at the iPhone's rise and success and see how it's ... (Source: CNET News 2011-06-29T10:55:03Z)

NFL owners, players resume negotiations with judge in Minneapolis, trying to reach agreement

Smith and Goodell certainly seem closer than when the lockout began March 12. Whether that will translate into a new deal is the big question. Training camps are scheduled to open in three weeks with the Hall of Fame exhibition game on Aug. 7. Owners and ... (Source: Orlando Sentinel 2011-06-29T23:55:18Z)

How Samsung's U.S. ITC complaint against Apple could play out

"Samsung Electronics Co.'s countersuits against Apple Inc.'s allegations of product copying have expanded to six countries, the company said Thursday, and now include a complaint with the International Trade Commission seeking to stop the sale of ... (Source: Macdaily News 2011-07-01T03:00:14Z)

South Korea-EU free trade agreement takes effect

South Korea has also concluded a free trade agreement with the United States, its fifth-largest trading partner. That deal remains unratified, however, even though it was concluded before South Korea and the EU began negotiations for their agreement. (Source: St. Louis Post-Dispatch 2011-07-01T03:00:14Z)

Lujiazui Breakfast: News And Views About China Stocks (June 29)

According to media reports, the deal will help improve Swellfun's exports.  Suning Appliance, China's "Best Buy," is going to be bringing a second retail brand into the China market. Shenzhen-listed Suning Appliance's wholly-owned subsidiary ... (Source: Forbes (blog) 2011-06-29T08:03:15Z)

Why China's Heading for a Hard Landing, Part 5: A. Gary Shilling

They were necessary, Chinese leaders say, to sustain rare-earth development and deal with environmental damage caused by ... As prices start to break, hoarded commodities suddenly become available for sale by highly leveraged owners. Copper in China ... (Source: Bloomberg 2011-07-01T02:45:55Z)

Gov. Kasich signs 'new day' budget for Ohio

"But the legislature felt strong about it and they twisted my arm and I'm copacetic with it," he said. Two of the biggest cost-saving components Kasich has long advocated for local governments and schools, Senate Bill 5 and a pension cost shift of 2 ... (Source: Columbus Dispatch 2011-07-01T03:00:14Z)

NFL, players resume negotiations in Minneapolis

Smith and Goodell certainly seem closer than when the lockout began March 12. Whether that will translate into a new deal is the big question. Training camps are scheduled to open in just over three weeks with the Hall of Fame game on Aug. 7. Owners and ... (Source: NBC Sports 2011-06-30T15:54:31Z)

NFL's post-labor deal calendar will be a free-agent frenzy

Even if a new collective bargaining agreement is reached then — players and owners rejoined negotiations Thursday in Minneapolis after two days with attorneys and officials from both sides — ratification could take another two weeks. That might not ... (Source: USA Today 2011-07-01T03:00:14Z)

BofA Must Overcome Skepticism on 2-Cents-on-the-Dollar Mortgage-Bond Offer

Bank of New York Mellon Corp. (BK) , the debt's trustee, is seeking approval from a New York state judge for the deal, which would apply to bondholders beyond the 22 firms in the talks. BNY Mellon said in a court document that the agreement is ... (Source: Bloomberg 2011-06-30T20:12:13Z)

House approves budget

Meeting the deadline, however, does not obscure the heated political exchanges about whether the final budget goes far enough to restore spending to deep cuts proposed by Mr. Corbett in March to deal with chronic fiscal problems, long-term debt and the end ... (Source: Scranton Times-Tribune 2011-07-01T03:00:14Z)

BofA Pays $8.5B to Settle Countrywide Mortgage Claims

Bank of America, which bought the mortgage lender in 2008 for $4 billion, has denied such claims. The deal may embolden other mutual-fund managers, insurance companies and investors to seek similar settlements against major U.S. banks, claiming loans ... (Source: FOXBusiness 2011-06-29T12:28:07Z)

Hawks, Montador agree on four-year deal

1 thing was a chance to win the Stanley Cup. It came sooner than I expected. It was a pleasant surprise getting contacted by Stan, and we were able to get a deal done. It means a lot. … It's a huge honor to be a Blackhawk." (Source: FOX News 2011-07-01T03:21:43Z)

Still talking: NFL, players meet all day

MINNEAPOLIS (AP) - NFL Commissioner Roger Goodell and NFLPA head DeMaurice Smith met again Thursday, expanding talks on a pro football labor deal for the first time this week to include owners and players. Sitting down with U.S. Magistrate Judge Arthur ... (Source: NBC Sports 2011-07-01T03:14:33Z)

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