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- Pfizer To Close Former Wyeth Office In Overland Park
The closing will affect 200 jobs. Pfizer says some of the employees will be offered jobs at other Pfizer sites, while others will be able to bid on other jobs.
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- Kan. Economy Seen As Weak Despite Lowered Unemployment
Kansas' unemployment rate declined in September, but officials say there are signs the economy the state's economy remains weak.
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- College Tuition Rates Rise
The average price of public colleges rose 6.5 percent this fall to slightly more than $7,000.
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- Home Construction Up Slightly In September
Construction of new homes edged up slightly in September, helped by a rebound in single-family construction. - Stocks Tumble On Bank Of America, GE Earnings
Stocks are falling sharply after a bigger-than-expected loss at Bank of America and a weak report from General Electric.
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- Stocks End Higher As Energy Gains Offset Drop In Banks
Stocks ended modestly higher as rising energy stocks offset weakness in financial stocks.
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- Drugmaker Pfizer Closes $68 Billion Acquisition Of Wyeth
Drugmakers Pfizer Inc. and Wyeth have tied the knot.
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- House Banking Panel Votes To Regulate Derivatives
A House panel has voted to regulate for the first time privately traded derivatives, the kind of financial contract that felled insurance giant American International Group.
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- Federal Contractors Report 30,000 Stimulus Jobs
Businesses that received federal contracts under the economic stimulus are reporting more than 30,000 jobs saved or created in the first months of the program.
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- Jobless Claims Drop For 5th Time In 6 Weeks
The number of newly laid-off workers filing claims for unemployment insurance has fallen to the lowest level since early January, a sign the labor market is slowly improving.
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- Inflation Up Modestly In September
Over the past 12 months, consumer prices are actually down 1.3%, reflecting a severe recession which has kept a lid on price pressures across a wide range of products and services.
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- Crude Hits Fresh High
Investors have fed off rising stock markets and a falling dollar this week to push crude oil prices to a fresh one-year high near $76 a barrel in Asia today.
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- Foreclosures Rise 5% From Summer To Fall
A flood of defaults among people who lost their jobs helped push the number of households caught up in the foreclosure crisis by more than 5% from summer to fall.
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- Stocks Open Lower After Goldman, Citi Earnings
Stocks are pulling back in early trading as earnings reports from Goldman Sachs Group Inc. and Citigroup Inc. fail to dazzle investors.
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- Dow Closes Above 10,000 For 1st Time In A Year
When the Dow Jones industrial average first passed 10,000, traders tossed commemorative caps and uncorked champagne. This time around, the feeling was more like relief.
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- Bank Regulators: Real Estate Loans Biggest Concern
Federal regulators say rising losses on commercial real estate loans will continue to hurt U.S. banks in coming months and pose the biggest challenge for many financial institutions and their overseers.
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- House Allows States To Sell Funds Linked To Iran
The House has voted to give state and local governments the authority to cut investment ties with international corporations that do business in Iran's energy sector.
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- Commodities Rally As Dollar Falls To New Low
Commodities are rising broadly as the dollar tumbles to a fresh 14-month low against other major currencies.
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- DJ Industrials Pass 10,000 For 1st Time In A Year
The Dow Jones industrial average is back above 10,000 for the first time in a year.
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- Retail Sales Fall 1.5% In September
Retail sales declined in September by the largest amount this year as car sales plummeted following the end of the government's popular Cash for Clunkers program.
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- Stocks Surge On Intel, JPMorgan Reports
Surprisingly strong earnings reports from Intel and JPMorgan Chase are sending stocks sharply higher in early trading.
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- Oil Prices Jump Above $75 A Barrel To 1-Year High
Oil prices jumped above $75 a barrel today for the first time in a year on investor optimism crude demand will improve ahead of the Christmas shopping season.
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- Texas Heavy Industries Worry About EPA Crackdown
Texas' oil and chemical industries are worried about a crackdown on pollution permits in the state.
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- Bloomberg Agrees To Buy Business Week
Bloomberg agrees to buy BusinessWeek from McGraw-Hill.
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- Mixed J&J Earnings Leave Investors Little To Cheer
Stocks are ending mostly lower after a mixed earnings report from Johnson & Johnson put a damper on hopes that sales were rebounding at big U.S. companies.
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- Pay Czar Asks AIG Not To Pay Promised Bonuses
A report from the special inspector general overseeing the $700 billion financial bailout says Kenneth Feinberg advised AIG not to pay the full amount.
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- Unions Will Oppose Baucus Bill Unless It's Changed
A top labor lobbyist says about 30 unions will run a full-page ad in newspapers Wednesday announcing their opposition to the Senate Finance Committee's health overhaul bill.
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- Oil Nears New High For 2009
Oil prices have neared new highs for the year. The dollar has slipped against other major currencies, demonstrating how much the weakened U.S. currency can affect consumers globally.
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- Stocks Zigzag After J&J Report
Stocks are fluctuating following a mixed earnings report from Johnson & Johnson put a damper on hopes that sales were rebounding at big U.S. companies.
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- J&J Posts Modest Profit Rise Despite Falling Sales
J&J shares were down 2% at midday.
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- Supreme Court Will Hear Appeal In Case Of Ex-Enron Chief
The lawyer for former Enron chief Jeffrey Skilling says he and his client are relieved that the Supreme Court has agreed to give them "a full, frank and fair hearing."
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- Stocks Drift Lower After Johnson & Johnson Report
Stocks are slightly lower in early trading after a mixed report from Johnson & Johnson.
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- Ford, UAW Reach Tentative Deal On Contract
The United Auto Workers union says it has reached a tentative deal with Ford Motor Co. on contract concessions.
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- OPEC Sees 2010 Oil Demand Up Almost 1%
OPEC says world oil demand is projected to grow by almost 1% in 2010 amid improvements in the global economy.
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- Stocks Pare Gains; Higher Crude Boosts Energy
Stocks have given up most of their early gains at the start of a busy week of earnings.
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- Gold, Other Metals Gain Ground As Dollar Falls
Gold and other metals are gaining ground as both the dollar and the British pound weaken.
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- Job Data To Show Stimulus Aided Teachers, Laborers
Public school teachers are expected to be the big winners when states around the U.S. reveal for the first time how many jobs were created or saved during the first months of President Barack Obama's $787 billion stimulus plan.
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- Jump In Crude Oil Prices Helps Lift Stock Market
Stocks are extending recent gains at the start of a busy week of earnings, nudging the Dow Jones industrial average closer to 10,000.
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- Stocks Post Their Best Week Since July
The stock market is keeping its momentum going, giving shares their best week in more than two months.
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- Trade Deficit Narrows In August
U.S. exports posted a small gain, while imports fell with reduced demand for foreign oil.
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- GM Signs Deal To Sell Hummer Brand
General Motors Co. says it has signed an agreement to sell control of its iconic Hummer brand to a Chinese heavy equipment maker.
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- Bernanke Sees No Rush To Boost Rates
Federal Reserve Chairman Ben Bernanke sent a fresh signal yesterday that he's in no rush to reverse course and start boosting interest rates.
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- Chrysler Dealers Undergo Customer Service Training
A company spokeswoman says most dealers already do a good job of customer service. She says Chrysler previously didn't have formal standards.
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- GM Nearing Completion Of Hummer Sale
A person briefed on the matter says General Motors Co. is expected to sign a deal to sell its Hummer brand to a Chinese heavy equipment manufacturer as early as Thursday afternoon.
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- Stocks Climb Higher After Alcoa Report, Jobs Data
Stocks are higher after Alcoa kicked off earnings season with an unexpected profit and initial claims for jobless benefits fell more than expected.
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- New Unemployment Claims Fall To 521,000, Lowest Since Jan.
The number of new claims for jobless benefits falls to the lowest level since early January, as employers cut fewer workers.
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- Some Stores Post Better-Than-Expected Sept. Retail Sales
Recession-weary consumers aren't quick to part with their cash just yet. But, stores are reporting some better-than-expected retail sales for September.
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- Target September Sales Metric Beats Estimates
Target says a key sales measure dipped 1.7% in September but beat analyst estimates. The result led the discount retailer to predict third-quarter earnings per share above Wall Street's forecast.
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- Retailers Report September Sales Declines
Early September reports from retailers show weak sales as shoppers cut back on fall clothing purchases amid worries about jobs and tight credit.
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- Stocks Fall After 2-Day Rally As Earnings Loom
Stocks are falling after a two-day spike as traders await corporate profit reports.
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