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Money Matters

Updated: 11/26/2008 - In a recession people are afraid to spend and consumers tend to hoard their money, but now could actually be a good time to pay off debt.

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Amtrak Names New CEO

Posted: 11/25/2008 - Amtrak says it has selected Joseph Boardman, administrator of the Federal Railroad Administration, to lead the national passenger railroad for one year.

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Ford To Close Spanish Plant For 3 Weeks

Posted: 11/25/2008 - Ford Motor Co. says it will idle its plant in Valencia, Spain for 21 days because of slumping demand in a move that will affect over 5,000 workers.

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Virginian-Pilot To Cut Work Force 10 Percent

Posted: 11/24/2008 - The Virginian-Pilot says it is cutting at least 125 positions, about 10% of its work force, mostly by laying off staff and closing affiliated publications.

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USA Today To Cut About 20 Newsroom Jobs

Posted: 11/24/2008 - Ken Paulson, editor of the nation's largest newspaper, told staff in a memo Sunday evening that USA Today plans to cut about 20 newsroom jobs early next month.

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More GM Cuts Coming

Updated: 11/21/2008 - GM to announce more production cuts...

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Wal-Mart Names Mike Duke As Next Chief Executive

Posted: 11/21/2008 - Wal-Mart Stores says Mike Duke, vice chairman of its international division, will replace Lee Scott as president and chief executive when he retires from those positions in February.

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Steve & Barry's To Close Stores

Posted: 11/20/2008 - Steve & Barry stores and its parent company have abandoned plans to keep stores open during bankruptcy protection

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Pensions Frozen At Random House, Inc.

Posted: 11/20/2008 - The country's largest trade publisher, Random House Inc., has frozen the pensions of its current employees and eliminated them for future hires, the latest cutback in an industry hit by declining sales and anticipating, at best, a difficult 2009.

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Wal-Mart Buys Wind Energy Supply

Posted: 11/20/2008 - Wal-Mart Stores Inc. says it has invested in a wind energy farm in Texas that will generate enough power to light 15% of its Texas operations.

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Lowe's 3rd Quarter Profit Falls On Slow Spending

Posted: 11/20/2008 - Lowe's says its third-quarter profit fell 24% as consumers delayed home-improvement projects and big-ticket purchases, but the results still beat Wall Street's expectations.

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Local Retail Sellers Brace for Bad News

Posted: 11/20/2008 - Retail stores are the latest victims coping with the crisis after October sales plunged by the largest amount on record.

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Oil Cartel Talks

Updated: 10/04/2010 - Iran's oil minister says the Islamic republic, Russia and Qatar discussed formation of an OPEC-style cartel of gas exporting countries.

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