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General / Top Articles
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news.yahoo.com
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By JEANNINE AVERSA, AP Economics Writer 1 hour, 17 minutes ago WASHINGTON - Employers cut payrolls by 62,000 in June, the sixth straight month of nationwide job losses, underscoring the economy's fragile state. The unemployment rate held steady at 5.5 p..
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By Kenneth Li 1 hour, 27 minutes ago NEW YORK (Reuters) - The deteriorating U.S. economy and slumping stock prices will frame discussions among top media and technology executives at the 26th annual Allen & Co confab in Sun Valley, Idaho, next week.
Ta..
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1 hour, 44 minutes ago NEW YORK (Reuters) - Phillip Bennett, the former chief executive of Refco, was sentenced to 16 years in prison on Thursday for a nearly decade-long fraud that ultimately pulled the commodities brokerage into bankruptcy.
Bennett,..
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Thu Jul 3, 5:45 AM ET (Reuters) - Blockbuster Inc (BBI.N), which abandoned its offer to buy Circuit City Stores Inc (CC.N) this week, may try to acquire the electronics retailer later, the New York Post said Thursday citing insiders.
One source told th..
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1 hour, 24 minutes ago PHILADELPHIA (Reuters) - Casino and racetrack operator Penn National Gaming Inc (PENN.O) said on Thursday its $6.1 billion takeover pact has been terminated, marking the latest leveraged buyout to crumble amid the tight credit mar..
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By Alister Bull 43 minutes ago WASHINGTON (Reuters) - U.S. employers cut workers for a sixth straight month in June for the longest such streak since 2002 and vast service sector unexpectedly contracted, underscoring the economy's frailty.
The Labor De..
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35 minutes ago NEW YORK (Reuters) - Hedge fund swindler Samuel Israel III faced a fresh charge of bail jumping on Thursday and was ordered to jail immediately, one day after his mother convinced him to end a high-profile run from justice.
Israel, who f..
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56 minutes ago LONDON (AFP) - US Treasury Secretary Henry Paulson said here on Thursday that the US economy would most likely be stronger at the end of 2008, even as oil prices surged to new records above 146 dollars.
"I think there is a very strong po..
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By Eric Auchard and Kenneth Li Wed Jul 2, 11:01 PM ET SAN FRANCISCO/NEW YORK (Reuters) - Microsoft Corp (MSFT.O) and Yahoo Inc (YHOO.O) have been holding separate talks with other potential media partners after their negotiations with each other broke d..
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By Natsuko Waki 38 minutes ago LONDON (Reuters) - A global sell-off knocked world shares to a five-month low on Thursday as surging oil fanned concerns about inflation and slowing growth with investors looking ahead to a key U.S. jobs report.
The Europ..
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By Krista Hughes 53 minutes ago FRANKFURT (Reuters) - The European Central Bank raised interest rates for the first time in more than a year on Thursday, in a widely expected quarter percentage-point move which took benchmark rates to 4.25 percent, the..
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By Matt Falloon and David Lawder 1 hour, 50 minutes ago LONDON (Reuters) - A weaker dollar cannot be blamed for soaring oil prices as policymakers around the world tussle with the twin specters of rising inflation and slowing growth, U.S. Treasury Secre..
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14 minutes ago NEW YORK (Reuters) - Stock index futures rose to session highs on Thursday after the government reported a loss of 62,000 jobs on non-farm payrolls in June, a figure which came close to Wall Street's expectations.
S&P 500 futures were 7...
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By MICHAEL FELEBRBAUM, Associated Press Writer 1 hour, 23 minutes ago RICHMOND, Va. - Circuit City Stores Inc. plummeted to historic lows in trading Wednesday after Blockbuster Inc. withdrew its takeover bid, causing investors to question the consumer e..
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1 hour, 4 minutes ago WASHINGTON (AFP) - US Treasury Secretary Henry Paulson said Wednesday that the US economy was enduring "a rough period" and warned that home foreclosures would likely remain high in the near future.
The US Treasury chief said soar..
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By Kyle Peterson 3 minutes ago CHICAGO (Reuters) - United Airlines pilot Todd Coomans has yet to fully recover from a painful furlough five years ago that set his airline career back several years and, along the way, also cost him his marriage.
Now the..
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By Jennifer Ablan and Dan Wilchins 1 hour, 15 minutes ago NEW YORK (Reuters) - Lehman Brothers Holdings Inc (LEH.N) is paying more of employees' compensation in stock this year, the company said in a memo sent to employees on Wednesday.
The company als..
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by Roland Jackson 1 hour, 57 minutes ago LONDON (AFP) - Clothing-to-food retailer Marks and Spencer, regarded as a barometer of consumer sentiment in Britain, saw its share price dive by almost a quarter Wednesday after delivering a gloomy profits warni..
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Wed Jul 2, 11:02 AM ET LONDON (Reuters) - U.S. Treasury Secretary Henry Paulson said on Wednesday that high oil prices, further home price declines and capital markets turmoil will prolong the American economy's slowdown, while Europe and the UK were al..
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2 hours, 9 minutes ago SYDNEY, Australia - Australia's Westfield Group Ltd. said Wednesday it has reached agreements with British government and Olympic agencies to start building a 1.5 billion pound ($3 billion) shopping mall in east London.
Westfield..
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