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Feds cite competition concerns in Duke-Progress merger

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RALEIGH (AP) — Federal energy regulators are giving Duke Energy and Progress Energy 60 days to describe how they would remedy anti-competitive effects of their merger in their North Carolina and South Carolina home markets if they’re allowed to form the country’s largest electric company. The Federal Energy Regulatory Commission…

Obama pitches jobs bill, GOP wants less red tape

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WASHINGTON (AP) — The White House and congressional Republicans just can’t agree on the best prescription for the economy, with President Barack Obama demanding passage of his $447 billion jobs bill and the GOP pushing to cut government red tape. Both efforts, the focus of competing radio and Internet addresses…

Watchdog: Regulators bowed to banks on bailout

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  WASHINGTON (AP) — Federal regulators bowed to pressure from big banks seeking a quick exit from the financial bailout program and did not uniformly apply the government’s own conditions set for repaying the taxpayer funds, a new watchdog report says. The report was issued Friday by the office of…

More bad news for bank customers: Debit card fees

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  NEW YORK (AP) — Bank of America will start charging debit-card users $5 a month to pay for purchases. The move comes as the cards increasingly replace cash and as banks look for ways to offset the loss of revenue from a new rule that will limit how much…

Census: Hispanics fuel US white population growth

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WASHINGTON (AP) — In a twist to notions of race identity, new 2010 census figures show an unexpected reason behind a renewed growth in the U.S. white population: more Hispanics listing themselves as white in the once-a-decade government count. The shift is due to recent census changes that emphasize “Hispanic”…

Military’s new chief seeks balance in American power

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  WASHINGTON (AP) — Even before taking over as chairman of the Joint Chiefs of Staff, the highest military office in the land, Army Gen. Martin Dempsey made one thing clear. He differs with his predecessor on one of the most important issues of the day: the threat posed to…

NCSU prof wins nation’s top technology prize

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RALEIGH (AP) — President Barack Obama has named a North Carolina State University professor as one of the winners of the country’s top prize for technological achievement. The White House press office says Obama announced the award Tuesday. Professor B. Jayant Baliga (Bal-IG’-uh) received the National Medal of Technology and…

Among GOP White House challengers, Romney, Perry, Paul are the money men

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WASHINGTON (AP) — Only three Republican presidential candidates are worth any money — campaign money, that is. Mitt Romney, Rick Perry and Ron Paul have banked millions. But the other GOP candidates are struggling or broke, putting their candidacies in question four months before the first nominating contests take place.…

New rule could prolong race for GOP nomination

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WASHINGTON (AP) — Don’t look for a quick winner in the race for the Republican presidential nomination. After watching Democrats successfully ride their historic primary battle between Hillary Rodham Clinton and Barack Obama all the way to the White House in 2008, the Republicans quietly adopted a new rule designed…

NASA: Satellite fell in south Pacific, not Canada

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WASHINGTON (AP) — That dead NASA satellite fell into what might be the ideal spot — part of the southern Pacific Ocean about as far from large land masses as you can get, U.S. space officials said Tuesday. New U.S. Air Force calculations put the 6-ton satellite’s death plunge early…

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