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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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biz.yahoo.com
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PHILADELPHIA (Reuters) - Casino and racetrack operator Penn National Gaming Inc (NasdaqGS:PENN - News) said on Thursday its $6.1 billion takeover pact has been terminated, marking the latest leveraged buyout to crumble amid the tight credit markets and w..
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NEW YORK (Reuters) - An even gloomier scenario may be in store for an already ailing U.S. housing market if the overall economy slips into a recession, according to UBS Securities analysts.
Falling home prices, soaring foreclosures at a time of tighter..
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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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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 highest level since September 200..
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biz.yahoo.com
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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 European Central Bank became the firs..
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biz.yahoo.com
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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 7.5 points higher,..
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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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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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By Burton Frierson and Steven C. Johnson 40 minutes ago NEW YORK (Reuters) - U.S. private employers slashed 79,000 jobs in June while planned layoffs at U.S. firms rose nearly 50 percent above year-ago levels, according to data that may spell bad news f..
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