Money
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1/9/12 - the Grio and CNBC Market Update
10:09 AM on 01/09/2012
In the week ahead, we kick off earnings season with reports from Alcoa and JP Morgan and we expect several economic reports...
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Shopping habits of African-Americans revealed by Nielsen research
4:00 PM on 01/07/2012
theGRIO REPORT - The shopping habits of African-Americans have some distinct characteristics that retailers and marketers should use to better understand black consumers, according to new research by The Nielsen Co...
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Color of Change: Obama administration should investigate the banks
9:00 AM on 01/07/2012
OPINION - The Obama administration and state law enforcement officials from across the country are currently in negotiation with several of the nation's biggest banks, and there's a critical choice at hand...
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Mayor Dave Bing: Detroit won't run out of cash by April
12:15 PM on 01/06/2012
DETROIT (AP) - Detroit is no longer at risk of running out of cash by April because cost-cutting and other measures are taking effect, Mayor Dave Bing said Thursday...
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Angela and Vanesa Simmons owe IRS $450k
3:55 PM on 01/05/2012
theGRIO REPORT - The Detroit News reported Wednesday that Vanessa, 28, and Angela Simmons, 24, daughters of rapper Rev. Run of Run DMC, owe nearly half a million dollars in back taxes...
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DNC invests in minority-owned banks for North Carolina convention
6:00 PM on 01/04/2012
theGRIO REPORT - In an effort to demonstrate that its 'People's Convention' mantra is more than just a slogan, the Democratic National Convention Committee deposited $4 million in convention funds into two minority owned North Carolina banks...
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Obama names consumer watchdog Richard Cordray, using executive power
12:33 PM on 01/04/2012
WASHINGTON (AP) - In a defiant display of executive power, President Obama on Wednesday will buck Republican opposition in a defiant display of executive power and name a new U.S. chief consumer watchdog...
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Nelson Mandela's daughter ordered to pay promoter $7.5m after failing to stage Mayweather-Pacquiao fight
9:31 AM on 01/04/2012
One of Nelson Mandela's daughters has been ordered to pay $7.5m to boxing promoter after failing to stage a megafight between Floyd Mayweather and Manny Pacquiao...
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12/30/11- the Grio and CNBC Market Update
8:52 AM on 01/03/2012
We'll find out with the December employment report. In November the unemployment rate fell to 8 point 6 percent as 120- thousand jobs were created...
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Minimum wage increase may backfire for blacks
6:05 AM on 12/30/2011
theGRIO REPORT - Although some workers are worried about their paychecks for the next year, more than a million other workers across the country will see their minimum wage rate rise starting on New Year's Day. Yet many experts say African-Americans workers may not benefit as greatly from the increase..
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12/26/11 - the Grio and CNBC Market Update
10:40 AM on 12/26/2011
We will also check the pulse of pending home sales with the November report, which looks at contract activity for existing homes...
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Jesse Jackson, John Conyers promise protest against Michigan emergency manager law
6:41 PM on 12/23/2011
DETROIT (AP) - The Rev. Jesse Jackson and U.S. Rep. John Conyers joined religious and civil rights leaders Thursday to promise protests and possible civil disobedience against Michigan's new emergency manager law...
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Bank of America discrimination settlement: A result of subprime swindle
8:50 AM on 12/22/2011
OPINION - Bank of America, who purchased Countrywide Financial Corporation in 2008, recently agreed to pay $355 million to settle charges that they discriminated against African-American and Hispanic borrowers...
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Bank of America settles discrimination allegations for $335 million
3:32 PM on 12/21/2011
NEW YORK (AP) - Bank of America has agreed to pay $335 million to resolve allegations that its Countrywide unit engaged in a widespread pattern of discrimination against qualified African-American and Hispanic borrowers...
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Helpful tips: How do low-income parents tell their kids Santa isn't coming?
12:25 PM on 12/21/2011
theGRIO REPORT - How do cash-strapped African-American parents tell their child that these difficult economic times made it hard for Santa Claus to bring them a gift?...
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House Republicans reject 2-month payroll tax cut
4:29 PM on 12/20/2011
WASHINGTON (AP) - The House Tuesday rejected legislation to extend a payroll tax cut and jobless benefits for two months, drawing a swift rebuke from President Barack Obama...
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12/19/11 - the Grio and CNBC Market Update
10:28 AM on 12/19/2011
Investors kept a keen eye on domestic news last week. The fed left its key interest rate, which affects mortgage, credit card and student loan rates unchanged, and will keep them low until 2013...
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How Facebook can hurt your credit rating
8:44 AM on 12/19/2011
You know those deadbeat friends of yours on Facebook? They could end up killing your credit score and costing you a loan...
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Brooklyn woman sells pantyhose, feminine hygiene product orders online
4:14 PM on 12/15/2011
Most online retailers are making a last mad marketing dash to stoke their holiday sales. Not Tracey Solomon...
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Debtors prisons? Creditor arrests on alarming rise
4:04 PM on 12/15/2011
CLUTCH - A company will often sell off its debt to a collection agency, generally called a creditor. That creditor files a lawsuit against the debtor requiring a court appearance...
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