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submitted by Robby for team staff news 2 weeks 16 hours 23 minutes ago
Oil drops to just over $60 per barrel Oil prices neared $60 per barrel Thursday, their lowest point in about a year and a half, as a growing number of economic reports points to a long and painful recession. When the economy slows, the demand for...(more)
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submitted by Robby for team staff news 2 weeks 19 hours 23 minutes ago
The U.S. economy shed 240,000 jobs in October and the unemployment rate jumped sharply to 6.5 percent, a worse than expected showing that highlights one of the top issues President-elect Barack Obama faces when he meets with his economic advisers later today. Businesses have been...(more)
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submitted by Robby for team staff news 3 weeks 4 days 2 hours 23 minutes ago
Chevron Corp. has surpassed British oil giant BP as the world's third-largest international oil company in market value, behind Exxon Mobil and Royal Dutch Shell. The San Ramon company's market capitalization now stands at $131.3 billion, according to data...
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submitted by Robby for team staff news 2 days 12 hours 23 minutes ago
SANTIAGO, Chile E (AP) -- Doctors and judges are joining a national strike in Chile, and will briefly suspend their work to demand higher pay....
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submitted by Robby for team staff news 2 days 13 hours 23 minutes ago
Federal Reserve leaders expect economic conditions to sharply worsen next year, and stand ready to cut interest rates further to try to contain the damage, according to minutes of their last policymaking meeting released this afternoon. The Federal Open Market Committee agreed at the end...(more)
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submitted by Robby for team staff news 2 weeks 3 days 6 hours 23 minutes ago
Don't throw out that letter from your credit card company. It may be notifying you of a reeled in credit line, interest rate increase or even an account closure. In this recessionary climate, credit card companies across the board are tightening the reins on...
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submitted by Robby for team staff news 2 weeks 6 days 21 hours 23 minutes ago
BAGHDAD (AP) -- Iraq has earmarked some $15 billion - nearly 25 percent of its 2009 draft budget - to help rebuild the country's crumbling infrastructure, energy and oil facilities, the finance minister said Saturday....
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submitted by Robby for team staff news 9 hours 23 minutes ago
Neal Goldberg, the chief executive of the Zale Corporation, spoke the company’s plans for the holiday season and beyond.
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submitted by Robby for team staff news 1 day 5 hours 23 minutes ago
The crippled stock market and stagnant economy have driven many companies to seek relief from a rule requiring that they keep their pensions fully funded. Four senators sought to come to the companies' aid this week but their measure has come up short, for now....(more)
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submitted by Robby for team staff news 1 week 5 days 23 hours 23 minutes ago
Many small businesses are scaling back their holiday plans not only because of budgets and cash flow but because some owners believe these hard times call for less frivolity. They're still marking the holiday season, but parties may be a little more subdued,...
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submitted by Robby for team staff news 2 weeks 2 days 2 hours 23 minutes ago
Carlyle Group, the private-equity giant headquartered in Washington, this week held its first-ever telephone conference call with more than 400 investors in an effort to calm their nerves during the current financial upheaval. The firm's troika of co-founders, William E. Conway Jr., Daniel A. D'Aniello...(more)
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submitted by Robby for team staff news 2 weeks 1 day 13 hours 22 minutes ago
AFP - The International Monetary Fund on Thursday predicted advanced economies would shrink next year under pressure from a credit squeeze that forced a new round of European interest rate cuts.
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