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Obama's top economic contenders

They will face the challenge of tackling the economic crisis and managing the $700bn rescue package aimed at revitalising the hard-hit US banking sys[...] read more »
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Yahoo suggests Microsoft should make new offer

Now that the ad deal with Google Inc. is off, Yahoo Inc. CEO Jerry Yang says his company is open to a new offer from Microsoft Corp.
"To this day[...] read more »
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U.S. Productivity Growth Slowed in Third Quarter (Update2)

U.S. worker efficiency rose in the third quarter at a slower pace than in the previous three months as the economy slumped, a sign employment may tak[...] read more »
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Macy's, Target Monthly Sales Fall, Wal-Mart Gains (Update1)

Macy's Inc., Target Corp. and Gap Inc. posted October sales declines after the Wall Street meltdown and accelerating job losses discouraged consumer[...] read more »
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Trichet Says Can't Rule Out More Cuts as Growth Slows (Update1)

European Central Bank President Jean- Claude Trichet said he can't rule out a further reduction in interest rates after today's half-point cut beca[...] read more »
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401(k) Hidden Fees That You Should be Aware of

The specter of 401(k) hidden fees is serious enough to warrant careful understanding by the average American. Both companies and employees need to un[...] read more »
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U.S Income Tax Rates Explained

Two great downloads, a detailed PDF of the federal tax system and it has been prepared by the Joint Committee on Taxation. And a very handy income ta[...] read more »
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U.S. Eyeing Troubles Of Insurers

Several big insurance companies this week reported big losses on investments in the last quarter, raising fresh questions about the financial stabili[...] read more »
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Oil notches record monthly drop on US downturn

Oil prices ended the week with a modest rally Friday but couldn't erase one ugly October: Crude capped its biggest monthly drop since futures tradin[...] read more »
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Speculation about Yahoo-Google deal rampant

As talks between Google, Yahoo and the U.S. Department of Justice drag on, investors are betting that the two Internet companies will walk away from [...] read more »
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FDA Faulted for Stance on Chemical in Plastics

A U.S. Food and Drug Administration advisory panel agreed Friday that the agency had erred in August when it said that a chemical widely used in baby[...] read more »
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Bernanke discusses future of Fannie and Freddie

Federal Reserve Chairman Ben Bernanke said Friday that the federal government will need to continue to play a role in the future of the mortgage fina[...] read more »
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JPMorgan Chase Freezes Foreclosures

In what may the biggest sign yet that banks are getting serious about attacking the nationwide wave of home foreclosures, giant JPMorgan Chase (JPM) [...] read more »
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REIT Spinoff Is Proposed for Target

Activist investor William Ackman on Wednesday proposed spinning off the land Target Corp. owns under its stores into a separate, publicly traded real[...] read more »
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Legg Mason, Lazard Blame Market For Losses

Asset-management firms Legg Mason and Lazard separately blamed deteriorating market conditions for wider-than-expected losses stemming from large cha[...] read more »
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