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Stocks Open Lower As Jitters About Retail Return

Posted: 01/08/2009 - Wall Street's worries about weak consumer spending are reviving, sending stocks lower after even strong retailers reported weak sales for the holiday shopping season.

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Obama Speaks About State of the Economy

Posted: 01/07/2009 - Obama spoke about the state of the economy and his plan moving ahead. He then named Nancy Killefer as his choice to be White House performance officer.

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Gov't Projects $6.5M In Bailout Costs Through Jan.

Posted: 01/06/2009 - The government estimates it will spend $6.5 million by the end of January in salaries and other administrative costs for the $700 billion financial rescue program.

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Obama Stimulus Plan Boosts Business Tax Refunds

Posted: 01/06/2009 - President-elect Barack Obama's proposed stimulus package would provide businesses with billions of dollars in refunds on taxes they paid several years ago.

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Cigna To Cut About 1,100 jobs

Updated: 01/05/2009 - Managed care provider Cigna says it will cut about 4 percent of its work force, or roughly 1,100 jobs, because of the slumping economy.

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CSU Interim President Braces For Budget Cuts

Posted: 01/04/2009 - Interim Colorado State University President Tony Frank is preparing his staff for cuts, including layoffs, as the state faces a budget shortfall of roughly $600 million or higher.

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Madoff Victims Selling Memorabilia On eBay

Posted: 01/04/2009 - Former employees and clients of disgraced financier Bernard Madoff are hoping to recoup some of their losses by selling Madoff memorabilia on eBay.

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Panel Wants Fuel Taxes Hiked To Fund Highways

Posted: 01/01/2009 - A federal commission created by Congress is recommending a 50-percent increase in gasoline and diesel fuel taxes as a way to finance highway construction and repair.

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Treasury Lays Out Details For Auto Aid

Posted: 12/31/2008 - The Treasury Department says it will decide on a case-by-case basis whether other companies connected to the struggling automotive industry should be provided emergency aid from the government's $700 billion bailout pot.

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Stocks Edge Higher After Drop In Jobless Claims

Posted: 12/31/2008 - The Labor Department says initial applications for unemployment benefits fell by 94,000 to 492,000 for the week ending Dec. 27. The drop, which partly reflects seasonal adjustment difficulties tied to the Christmas holiday, is a greater drop than analysts had been expecting.

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Fed To Start Buying Mortgage-Backed Securities

Posted: 12/30/2008 - The Federal Reserve says it will begin purchasing up to $500 billion in mortgage-backed securities early next month in an effort to bolster the housing market.

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Stocks Pull Back Amid Middle East Tensions

Posted: 12/29/2008 - Wall Street has ended an erratic session with a moderate loss as continuing violence in the Middle East reminded investors that the market could face problems beyond the recession.

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Stocks Under Pressure

Posted: 12/29/2008 - Stock prices are down in light trading at midday on Wall Street.

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