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Company News
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When Is a Flood a Flood?
Exactly what does it take for water damage to be considered a flood in the terminology of the National Flood Insurance Program (NFIP)? The answer might surprise you.
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Corporate Profits: Spend Them Wisely
Corporate Profits have been on a tear. Earnings for the 900 companies on BusinessWeek's Corporate Scoreboard rose 25% in the fourth quarter of 2004, far surpassing earlier estimates. Last year was the first time profits rose above their boomtime peak in 2000. Companies are flush with nearly $1 trillion in cash, and they are itching to put it to work.
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Court reinstates portion of McDonald's obesity suit
New York - A previously dismissed obesity lawsuit against McDonald's Corp. has been revived after a federal appearls court last week reinstated claims that the fast-food chain used deceptive advertising to mask the health risks associated with its products.
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High-Deductible Health Plans May Have Pitfalls
High-deductible health plans can lead to poorer quality health care and more, not fewer, financial problems for patients, according to a new study. The Republican Party has touted health care savings accounts, or HSAs, since last year as a market-based solution to clamp down on the soaring cost of health care. The plans involve a high-deductible plan, usually $1,000 per person, coupled with a tax-free savings account for health expenses.
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