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submitted by Robby for team staff news 1 day 18 hours ago
SINGAPORE (AP) -- Oil prices fell to a 3-year low below $48 a barrel Tuesday in Asia, as more bleak U.S. economic news and plunging stocks markets darkened investor expectations for crude demand....
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submitted by Robby for team staff news 6 hours ago
The U.A.W. president said the union would also suspend its jobs bank and allow carmakers to delay a health-care fund payment.
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submitted by Robby for team staff news 6 hours 1 minute ago
WASHINGTON (AP) -- Watch out for family fights, Mr. President-elect. Though Democrats will control both the new Congress and White House, the battle over a multibillion-dollar auto industry bailout already is pitting two major party constituencies against each other: big labor and environmentalists....
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submitted by Robby for team staff news 7 hours ago
G.M.’s lead outside director said the company’s board is behind the chief executive and does not consider bankruptcy an option.
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submitted by Robby for team staff news 8 hours ago
BERLIN (AP) -- Lufthansa said Wednesday its supervisory board had approved a deal to acquire Austrian Airlines AG, giving one of Europe's biggest airlines more routes across the continent and beyond....
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submitted by Robby for team staff news 8 hours 1 minute ago
WASHINGTON (AP) -- Federal regulators on Wednesday adopted new rules designed to stem conflicts of interest and provide more transparency for Wall Street's credit-rating industry, widely faulted for its role in the subprime mortgage debacle and ensuing credit crisis....
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submitted by Robby for team staff news 9 hours ago
DUBAI, United Arab Emirates (AP) -- The newly created Dubai developer that unveiled a $95 billion real estate project just two months ago says it is reviewing its plans in light of the economic downturn....
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submitted by Robby for team staff news 9 hours ago
MOSCOW (AP) -- Shares in Russia-focused Sibir Energy plunged 60 percent in London on Wednesday after the oil company said it would buy most of shareholder Shalva Chigirinsky's remaining property assets in a $340 million rescue deal....
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submitted by Robby for team staff news 1 day 15 hours ago
State governors today will press their case for federal help when they meet Barack Obama, the US president-elect, one day after official confirmation that the American economy is in recession.Governors from the 50 states are seeking at least $40bn (£27bn) to help pay for healthcare for...(more)
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submitted by Robby for team staff news 1 day 16 hours 1 minute ago
LONDON, Dec. 1 -- Manufacturing activity shrank around the world last month, providing fresh evidence that the global economy is in recession and intensifying pressure on policymakers to respond. In the United States, manufacturing contracted at the fastest pace in 26 years, while factory indexes...(more)
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submitted by Robby for team staff news 10 hours ago
LONDON (AP) -- British Airways said Wednesday that passenger traffic dropped nearly 6 percent in November from last year, with an even bigger fall in premium traffic....
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submitted by Robby for team staff news 10 hours 1 minute ago
NEW YORK (AP) -- The U.S. service sector contracted dramatically in November as slower spending hurt insurers, retailers and hotels....
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