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Gold Moves Higher As Dollar Falls

Posted: 05/06/2009 - Gold prices and other commodities are higher, buoyed by a falling dollar and an increasingly upbeat outlook on the economy.

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Postal Rates To Climb Next Week

Posted: 05/06/2009 - The new prices include a 2-cent increase in the price of a First-Class Mail stamp to 44 cents.

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Garmin Posts Steep Decline In 1st Quarter Earnings

Posted: 05/06/2009 - Navigational device maker Garmin Ltd. says first-quarter profits fell 67% and widely missed Wall Street expectations as the company took the brunt of slower consumer spending.

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GM May Seek 1-For-100 Reverse Stock Split

Posted: 05/05/2009 - General Motors Corp. says it may offer current shareholders a reverse stock split that would give them one share of new stock for every 100 shares they currently own.

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U.S. Service Sector Contracts, But At Slower Pace

Posted: 05/05/2009 - A private measure of the U.S. services sector contracted for the seventh straight month in April but at a slower pace, the latest sign the economic downturn could be moderating.

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UAW Chief Says Union Will Sell Its Chrysler Stock

Posted: 05/04/2009 - The United Auto Workers union says it intends to sell off its 55-percent stake in the new Chrysler as soon as possible to help cover the trust fund that be will responsible for retiree health care as of next year.

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Pending Home Sales Up 3.2 Percent In March

Posted: 05/04/2009 - The National Association of Realtors says pending U.S. home sales rose from February to March as buyers took advantage of deeply discounted prices and low interest rates.

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Construction Spending Rises Unexpectedly In March

Posted: 05/04/2009 - Construction spending rose unexpectedly in March after five straight declines, as strength in nonresidential projects and government building offset a further slide in housing.

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Sprint Nextel Reports Larger 1Q Loss

Posted: 05/04/2009 - Sprint Nextel Corp., the nation's third largest wireless service provider, says it had a larger first-quarter loss on declining revenue,

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Factory Orders Drop 0.9 Percent In March

Posted: 05/01/2009 - The government says orders to U.S. factories fell a larger-than-expected 0.9% in March, while factory shipments dropped for a record eighth consecutive month. The report was further evidence of the severity of the recession.

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Report Shows Slower Manufacturing Contraction

Posted: 05/01/2009 - A private group's measure of the manufacturing sector's health shows slower contraction in April than in the previous month, a possible sign that the economy is stabilizing.

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Fed Sees Signs Recession May Easing

Updated: 04/29/2009 - The Federal Reserve says it sees signs the recession may be easing but warns the economy is likely to remain weak.

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