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September Trade Deficit Falls To $56.5 Billion

Posted: 11/13/2008 - A record decline in the price of crude oil helped to push the U.S. trade deficit down to the lowest level in nearly a year even though the deficit with China shot up to an all-time high.

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Jobless Claims Jump To 7-Year High

Updated: 11/13/2008 - The government says that the number of newly laid-off individuals seeking unemployment benefits jumped more than expected last week to a seven-year high.

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Stocks Plunge For Third Straight Session

Posted: 11/12/2008 - A disheartened Wall Street has suffered its third straight loss, as investors absorbed more dismal corporate reports and news that the government won't buy banks' soured mortgage assets after all.

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Yum Brands Says It's Cutting Several Hundred Jobs

Posted: 11/12/2008 - Yum spokesman Jonathan Blum said today that several hundred jobs will be eliminated in Louisville, Ky., as well as at Taco Bell's headquarters in Irvine, Calif., and at Pizza Hut's headquarters in Dallas.

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Back From Iraq And Suddenly Out On The Streets

Updated: 11/12/2008 - Something we can all think about the next time we see a homeless person on the streets, one in every four homeless people in El Paso County once served our county in uniform. Now there are an increasing number of veterans from the on-going wars in Iraq and Afghanistan who come home, leave the military, and wind up with nothing.

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More Federal Aid For AIG

Posted: 11/10/2008 - More losses, but another helping hand from Washington Monday for ailing insurance giant American International Group.

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Jobless Rate Bolts To 14-Year High Of 6.5 Percent

Posted: 11/07/2008 - The government says the nation's unemployment rate bolted to a 14-year high of 6.5 percent in October as employers slashed 240,000 jobs. It was stark proof the economy is almost certainly in a recession.

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Administration Speeding Up On Economic Problems

Posted: 11/06/2008 - As the number of days left in the White House dwindle, the Bush administration seems to be picking up the pace when it comes to getting the $700 billion financial rescue program up and running.

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Molson Coors 3Q Profit Up 28%

Posted: 11/05/2008 - Brewer Molson Coors says its third-quarter profit rose 28 percent, but that result missed analysts' expectations.

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Factory Orders Drop More Than Expected

Posted: 11/04/2008 - The Commerce Department says factory orders dropped by 2.5 percent from August, much worse than the 0.7 percent drop analysts expected. That's on top of a revised 4.3 percent decline in August.

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Stocks Rally Ahead Of US Election

Updated: 11/02/2009 - Wall Street is up sharply in early trading, setting the stage for an Election Day rally as investors look forward to putting the uncertainty of the presidential voting behind them.

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Stocks Are Mixed Ahead Of Economic Data

Posted: 11/03/2008 - Wall Street is starting November on a cautious note, with stocks narrowly mixed after last week's surge and ahead of readings on manufacturing activity, construction spending and auto sales.

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Stocks Advance To Add To Week's Large Gains

Posted: 10/31/2008 - The stock market has closed out a horrendous October, its worst month in 21 years, with a big advance as more investors took chances on stocks turned into bargains by waves of intense selling.

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Obama Says McCain Would Keep Economy In A ditch

Posted: 10/30/2008 - Democrat Barack Obama says President Bush has "driven our economy into a ditch" and Republican John McCain would keep it buried there if he gets elected.

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Stocks End Mixed In Late Slide After Fed Rate Cut

Posted: 10/29/2008 - Wall Street has the interest rate cut it wanted, but still turned in a baffling late-day performance, shooting higher and then skidding lower in the very last minutes of trading as some investors rushed to cash in profits after the market's big advance.

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Bank Fees On The Rise

Updated: 10/28/2008 - A new survey finds that fees for bounced checks and withdrawing cash from an out-of-network ATM rose again this year,

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Stocks Fall On Belief Global Recession Is At Hand

Posted: 10/24/2008 - Wall Street has ended the week with another sharp loss, joining stock markets around the world that fell on the growing belief that a punishing economic recession is at hand.

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