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Traders recall the 'rush' and 'roar' as famed pits close

NEW YORK- Pete Meegan had every intention of going back to college, but then he got a summer job in the Chicago trading pits and fell in love with the "roar" of the floor, the excitement of "4,000 people yelling,' Buy! ' "and decided no more classroom for him. On Monday, most futures pits in Chicago and New York, where frenzied buying and selling once helped set prices on cattle...
Source: The Associated Press | By: By BERNARD CONDON and DON BABWIN, Associated Press
This app's a star for Broadway bargain hunters

TodayTix is a new mobile application that's trying to fill those empty seats by selling more tickets to last minute buyers.
Source: CNBC.com | By: Trent Gillies
China to create $19B fund to support plunging stock market

BEIJING- More than two dozen companies in China are postponing initial public offerings and security companies are pledging more than $19 billion for a fund to stabilize the country's free-falling stock market. The 28 companies, which had obtained permission from China's securities watchdog for IPOs planned in Shanghai and Shenzhen, said they would...
Source: The Associated Press | By: By KEN SWEET, AP Business Writer
Texas wants its gold back inside the state's borders

Texas has decided to start keeping its gold holdings within in its own borders. Texas is the only state that owns an actual stockpile of gold, according to public sector and financial industry experts- not just gold futures or investment positions, but approximately 5,600 gold bars worth around $650 million. But for the Texas comptroller's office, which has to...
Source: The Associated Press | By: By WILL WEISSERT, Associated Press
Government faces burden in proving airlines worked together

WASHINGTON- As the Justice Department launches an investigation into possible collusion in the airline industry, experts say the government faces the burden of proving that carriers were deliberately signaling business decisions to each other. A particularly cold winter in the Northeast, for instance, might merit more flights to the Caribbean.
Source: The Associated Press | By: By SCOTT MAYEROWITZ, ERIC TUCKER and DAVID KOENIG, Associated Press
Government: Accounting exec earned leniency in Madoff case

NEW YORK- A 79- year-old former New York accounting firm executive who did work for some of Bernard Madoff's most important clients has earned leniency at sentencing because his cooperation provided new insights into history's largest financial fraud, prosecutors said. In a filing late Thursday in Manhattan federal court, prosecutors wrote Paul...
Source: The Associated Press
JetBlue launches NY-to-Havana charter flights

JetBlue Airways said it began direct charter flights between New York and Havana on Friday.
Source: Reuters
JetBlue launches New York-to-Havana charter flights

July 3- JetBlue Airways Corp said it began direct charter flights between New York and Havana on Friday, the first major U.S. carrier to fly the route following U.S. The airline said Cuba Travel Services Inc is offering the weekly flight on Fridays between New York's John F. Kennedy International Airport and Havana's Jose Marti International Airport.
Source: Reuters
UPDATE 1-Thousands head home after Tennessee train fire forced evacuation

July 3- About 5,000 residents evacuated after the derailment of a freight train carrying flammable and toxic gas in eastern Tennessee were allowed home on Friday as investigators looked into the cause of the fiery accident. Authorities were examining the black box from the CSX Corp train that derailed with one tank car bursting into flames at midnight...
Source: Reuters
Aetna to buy Humana for $37B in largest insurance deal

Health insurer Aetna said it will buy Humana for about $37 billion, or about $230 per share, in a cash-and-stock deal.
Source: Reuters