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The Two-Way
6:17 pm
Fri July 19, 2013

Not All The News About Detroit Is Bad

This Detroit store's neon sign sends a message.
Bill Pugliano Getty Images

Even as newscasts and newssites are using Detroit's bankruptcy filing to talk about Motown's "meltdown," we've found these stories:

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The Two-Way
6:13 pm
Fri July 19, 2013

SEC Charges Hedge Fund Billionaire Steven Cohen

Steven A. Cohen, founder and chairman of SAC Capital Advisors, is interviewed in Las Vegas in 2011.
Steve Marcus Reuters/Landov

Originally published on Fri July 19, 2013 6:52 pm

The SEC on Friday filed civil charges against Steven A. Cohen, the founder of hedge fund SAC Capital Advisors, accusing the billionaire of failing to prevent insider trading.

The Securities and Exchange Commission in a statement Friday afternoon said:

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The Two-Way
5:14 pm
Fri July 19, 2013

How President Obama 'Showed His Brother Card'

President Obama during his appearance at the White House on Friday.
Saul Loeb AFP/Getty Images

Originally published on Fri July 19, 2013 8:25 pm

(Click here for updates we added after this post was published.)

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Business
5:14 pm
Fri July 19, 2013

New Smartphone Upgrade Plans Can Be Costly In The Long Run

Nearly 60 percent of Americans have smartphones, up from just 8 percent five years ago.
Justin Sullivan Getty Images

Originally published on Fri July 19, 2013 6:12 pm

Three of the four major wireless companies are out with new plans for those who want the latest smartphone sooner. The plans, with names like Verizon Edge and AT&T Next, essentially let you rent a phone for six months or a year and then trade it in for a new one — but there's a catch.

"You're paying essentially twice," says Avi Greengart, who is research director for consumer devices at Current Analysis and does some consulting for the industry.

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The Two-Way
4:17 pm
Fri July 19, 2013

Chicago School System Plans More Layoffs

The Chicago Public Schools system is again in the spotlight after announcing late Thursday that it will lay off more than 2,100 employees — nearly half of them teachers. The laid-off educators account for 4 percent of the system's faculty, reports the Chicago Sun-Times.

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