Friday
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20 |
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| 2009 5:08 pm |
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| Business |
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| Weak data pummels stocks |
NEW YORK — Signs of a subdued economic recovery sent investors out of stocks Thursday and in search of safer assets like the dollar.
Major indexes tumbled about 1 percent, including the Dow Jones industrial average, which lost 94 points but ended well off its low. Energy and material stoc... |
| By Sara Lepro and Tim Paradis |
FULL STORY |
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| Did White House overplay job data? |
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WASHINGTON — The government watchdog overseeing economic stimulus spending said Thursday that, in its rush to take credit for saving hundreds of thousands of jobs, the Obama administration was overly confident in its job-counting and did not acknowledge significant errors in the figures.
Nu... |
| By Matt Apuzzo |
FULL STORY |
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| Google’s Chrome to be ready for 2010 holidays |
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SAN FRANCISCO — Consumers will have to wait until next year’s holiday shopping season to find out if Google Inc.’s new operating system can deliver on its promise to make low-cost computers run faster.
Google set the late 2010 target date Thursday during its first preview of a... |
| By Michael Liedtke |
FULL STORY |
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| EBay completes sale of Skype for $2 billion |
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SAN JOSE — EBay has completed its sale of Skype for about $2 billion to an investor group that included the founders of the Internet phone service.
Last week, the online auction site settled a legal skirmish with co-founders Niklas Zennstrom and Janus Friis which allowed the deal to move ... |
| The Associated Press |
FULL STORY |
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| House panel: Wall Street must prepay for failures |
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WASHINGTON — The House Financial Services Committee has voted to assess fees on Wall Street firms and other large companies to pay in advance for the costs of dismantling failing nonbank financial institutions.
The money would be paid into a $150 billion “dissolution fund” by ... |
| The Associated Press |
FULL STORY |
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| Many parents inaccurately claim college tax credit |
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WASHINGTON — More than 314,000 taxpayers made inaccurate claims for a popular tax credit that helps pay college expenses, getting $532 million they weren’t entitled to receive, a government report said Thursday.
The Hope Credit provides up to $1,650 a year to help pay expenses for t... |
| The Associated Press |
FULL STORY |
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| Gap profit up 25 pct in 3Q as Old Navy recovers |
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CHICAGO — Shoppers spent more money at low-price Old Navy stores in the third quarter, helping Gap Inc.’s profit climb 25 percent compared with last year, the retailer said Thursday.
Sales in Old Navy stores open at least a year rose 10 percent after sliding for at two years. A ... |
| The Associated Press |
FULL STORY |
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| The Daily Journal's financial channel |
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