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Wal-Mart Agrees To Pay $17.5 Million To Settle Race Bias Suit

Wal-Mart Stores Inc. (WMT) has agreed to pay $17.5 million to settle a class- action lawsuit accusing the world's largest retailer of discriminating against African-Americans in recruitment and hiring of truck drivers for its private fleet. read more »
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Forex News: US inflation falls to 0%

In a rather alarming turn of events, it has today been revealed that US inflation has fallen to 0% for last 12 months and would actually have fallen below zero had it not been for a rise in the cost of food and petrol. read more »
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U.S. Wants UBS to Break Swiss Law By Naming Clients, Bank Says

U.S. efforts to force UBS AG, Switzerland’s largest bank, to disclose the names of 52,000 American customers would require the bank to violate Swiss sovereignty and criminal law, bank lawyers said. read more »
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CPI Inches Higher In January

Despite a slight uptick in January consumer prices after three months of declines, investors are still worried about deflation and flocking to government debt. read more »
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Oil near $35 amid grim US economic news

Oil prices rose slightly to above $35 a barrel Thursday in Asia despite grim U.S. economic news that pointed to a deep recession and weaker crude demand. read more »
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U.S. Congress passes stimulus as EU recession deepens

The U.S. Congress passed a $787 billion (545.7 billion pound) stimulus plan to jump-start the economy on Friday, as G7 finance chiefs vowed to ward off the spectre of protectionism arising from deepening global recession. read more »
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Dollar Rises, Gold Stays Up

If you had told me late last year that we would soon see both the dollar and gold rally, I would have dismissed you as nuts. But this is exactly what happened after the dollar made a short-term bottom in mid-December. read more »
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Europe Slump Deeper Than Expected

The European economy sank even deeper into recession than the United States in the closing months of last year, according to figures published Friday. read more »
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Ways to Profit from the U.S. Savings Surge

With consumers more tight-fisted, investors may want to avoid issues based on discretionary spending, such as autos and luxury items read more »
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U.S. Retail Sales Probably Fell in January for Seventh Month

Sales at U.S. retailers probably fell in January for a seventh straight month as rising unemployment and falling home prices caused consumers to retrench, economists said before a report today. read more »
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Europe Faces Dire GDP Data, Japan Deflation Looms

Spain reported its worst economic contraction in 15 years on Thursday, heralding the dire data expected tomorrow from Europe's biggest nations, while Japan highlighted the risk of damaging deflation. read more »
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Bank's King says further easing could include buying gilts

Inflation will hit just 0.5 percent in two years as the economy shrinks rapidly over 2009, new Bank of England forecasts showed on Wednesday, opening the way for further interest rate cuts ahead. read more »
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Forex Market News: Oil Rises as U.S Stimulus Package Cleared

Crude oil rose on speculation demand may climb as an economic stimulus package sought by President Barack Obama cleared a procedural hurdle in the U.S. Senate. read more »
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U.S. Economy: Jobless Claims Soar

The number of Americans filing first- time jobless claims reached a 26-year high and companies squeezed more productivity out of their remaining staff, underscoring the deepening deterioration in the labor market. read more »
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Is The Worst Over?

If data and numbers can be trusted, then it is possible that the US recession may have seen its bottom in November-December of last year. A new report released by the Institute of Supply Management suggests that US non-manufacturing sector contracte read more »
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