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submitted by Robby for team staff news 2 days 19 hours 32 minutes ago
Corporate Risk International, a firm that specializes in negotiating with kidnappers, is looking to capitalize on the surge in pirate attacks in the Gulf of Aden and elsewhere. James J. McWeeney, executive vice president and chief operating officer of the Reston-based company, said the firm...(more)
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submitted by Robby for team staff news 6 days 20 hours 32 minutes ago
Paul A. Volcker was reviled before he was revered. President-elect Obama named the 81-year-old Volcker yesterday to head a new economic advisory panel, citing "his sound and independent judgment." But nearly three decades ago -- when Obama was still a college student -- the towering...(more)
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submitted by Ari 2 days 7 hours 51 minutes ago
It’s official: for the last year, the United States economy has been in recession.
The evidence of a downturn has been widespread for months: slower production, stagnant wages and hundreds of thousands of lost jobs. But the nonpartisan National Bureau of Economic Research, charged with making the...(more)
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submitted by Robby for team staff news 6 days 19 hours 31 minutes ago
Mortgage-rate drop not enough to shore up market A seismic drop in mortgage rates sent borrowers running to their mortgage lenders Tuesday and gave those companies the best day they've had in months, years, maybe ever.
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submitted by Robby for team staff news 6 days 1 hour 32 minutes ago
TOKYO (AP) -- Japan's government reports that the country's industrial production fell 3.1 percent in October from the previous month, as the global slowdown forced companies to cut output....
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submitted by Robby for team staff news 13 hours 31 minutes ago
AFP - A new round of job cuts in Italy and Spain, plunging German auto sales and a eurozone report described as "horrible" pointed on Wednesday to further interest rate cuts in Europe, analysts said.
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submitted by Robby for team staff news 13 hours 32 minutes ago
LONDON (AP) -- Northern Rock, the nationalized mortgage lender, said Wednesday it would wait at least six months before moving to repossess homes when payments fall behind....
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submitted by Robby for team staff news 1 day 8 hours 32 minutes ago
DEARBORN, Mich. (AP) -- Ford Motor says its U.S. sales tumbled 30 percent in November amid a continued rapid deceleration in the nation's car market....
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submitted by Robby for team staff news 6 days 20 hours 32 minutes ago
BEIJING, Nov. 26 -- China's central bank announced its biggest interest rate cut in 11 years Wednesday, highlighting the government's aggressive commitment to shoring up confidence in the fundamentals of the economy three weeks after unveiling a $586 billion stimulus plan. The People's Bank of...(more)
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submitted by Robby for team staff news 14 hours 32 minutes ago
Retail sales across the 15 nations that share the euro fell more than expected in October, increasing the chance of an interest rate cut.
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submitted by Robby for team staff news 14 hours 32 minutes ago
TEHRAN, Iran (AP) -- Iranian President Mahmoud Ahmadinejad is acknowledging publicly for the first time that tumbling oil prices are gouging the country's fragile economy....
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submitted by Robby for team staff news 5 days 8 hours 32 minutes ago
There is no business plan for what New England heating oil dealers and customers have gone through this year....
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