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submitted by Robby for team staff news 5 hours 58 minutes ago
STRASBOURG, France (AP) -- The European Union's industry chief said Wednesday that "extraordinary measures" are justified to keep car maker Adam Opel GmbH in business and shore up the entire car industry, blaming problems on U.S. car companies and the U.S.-spawned financial crisis....
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submitted by Robby for team staff news 5 hours 58 minutes ago
NEW DELHI (AP) -- An Indian naval vessel sank a suspected pirate "mother ship" Wednesday in the Gulf of Aden and chased two attack boats into the night, officials said, yet more violence in the lawless seas where brigands are becoming bolder and more violent....
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submitted by Robby for team staff news 6 hours 58 minutes ago
AP - Russia's finance minister sought Wednesday to reassure investors and citizens that the economy will survive the global financial turmoil, thanks to ample gold and currency reserves.
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submitted by Robby for team staff news 6 hours 58 minutes ago
Opec members have lost about $700bn (£467bn) because of falling oil prices, the cartel's president says in an interview.
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submitted by Robby for team staff news 6 hours 58 minutes ago
HONG KONG (AP) -- Casino mogul Steve Wynn said Wednesday he couldn't tell when Macau's slowdown might let up, but expressed confidence in its long-term fortunes and backed government measures to curb travel to the Chinese gambling city....
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submitted by Robby for team staff news 7 hours 58 minutes ago
PHNOM PENH, Cambodia (AP) -- Cambodian Prime Minister Hun Sen said Wednesday poor countries like his must continue speaking with one voice in the Doha round of global trade talks to ensure their competitiveness with developed countries....
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submitted by Robby for team staff news 7 hours 58 minutes ago
DETROIT (AP) -- While two of the Detroit Three have no new models to unveil at this year's Los Angeles Auto Show, Ford Motor Co. stayed in and will show off a revamped midsize car that is an example of how serious it is about gas...(more)
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submitted by Robby for team staff news 8 hours 58 minutes ago
Wall Street's loss could be city schoolkids' gain. The economic meltdown is driving some of the best and brightest to consider something they might never have when the stock market was booming and bonuses were fat: teaching.
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submitted by Robby for team staff news 8 hours 58 minutes ago
McLean-based Fairchild Corp., which sells motorcycle and aircraft parts, said yesterday that it did not make a quarterly contribution of just under $1 million to the company pension fund because of financial hardship. "At this time, we do not have sufficient liquidity to fund our...(more)
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submitted by Robby for team staff news 9 hours 58 minutes ago
Workers are staying put these days. People who leave their jobs voluntarily are fewer than they were two years ago and represent a smaller share of job separations, the Bureau of Labor Statistics reports. More than six in 10 of all job moves in December...(more)
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submitted by Robby for team staff news 9 hours 58 minutes ago
How a giant has fallen. Fannie Mae, once the largest public company in the Washington area and a bedrock of the U.S. financial industry, disclosed yesterday it is at risk of being dropped from the New York Stock Exchange. The announcement came after the mortgage...(more)
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submitted by Robby for team staff news 17 hours 58 minutes ago
WILMINGTON, Del. (AP) -- The bankruptcy sale of regional department store chain Boscov's to two former executives moved a step closer to fruition following a court hearing on Tuesday...
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