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U.S. stocks fell for a second day after the biggest drop in jobs since 2003 sent energy and mining companies lower, overshadowing an advance in banks spurred by a Federal Reserve plan to make more cash available to lenders. Chevron Corp., Alcoa Inc. an...
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The Federal Reserve may keep lowering interest rates, and postpone the ``rapid reversal'' of reductions that officials discussed in January, as the housing rout erodes hiring and spending. Today's employment report, showing the economy lost 85,00...
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General Motors Corp. is losing almost a third of its daily U.S. and Canadian vehicle production as parts shortages caused by an 11-day supplier strike shut down more of the automaker's manufacturing network. GM is building about 5,000 fewer vehic...
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BCE Inc., seeking approval for a C$52 billion ($52.4 billion) buyout, scored a victory after a Canadian judge dismissed a lawsuit by a group of bondholders opposed to the deal. The proposed buyout of Canada's biggest telephone company is ``fair a...
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Treasury Secretary Henry Paulson said the Bush administration is nearing agreement with Congress on a bill that would make more Federal Housing Administration loans available to borrowers facing foreclosure. ``They're very close to getting a compromise...
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Boeing Co. said it will give ``serious consideration'' this weekend to filing a protest over its loss of a $35 billion tanker contract after a U.S. Air Force briefing left the company with ``significant concerns'' about the bidding process. Boeing exec...
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Employers unexpectedly cut jobs in February for the second consecutive month, adding to evidence the U.S. is in a recession that may dominate the economic debate in this year's presidential campaign. Payrolls fell by 63,000, the most in five years, aft...
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Jan. 16 (Bloomberg) -- Prices paid by U.S. consumers probably rose at a slower pace in December as fuel costs fell, making it easier for Federal Reserve officials to focus on reviving the expansion, economists said before a report today.
T... -
Jan. 16 (Bloomberg) -- U.K. real-estate professionals said December was the worst month for the housing market since the aftermath of Britain's last recession in 1992.
The number of real-estate agents and surveyors saying prices fell excee... -
Jan. 16 (Bloomberg) -- Toshiba Corp. and Taiwan Semiconductor Manufacturing Co. led Asian chip stocks lower after industry leader Intel Corp. forecast sales that missed estimates.
Toshiba, Japan's largest chipmaker, fell 5.4 percent to a 1... -
By Glenys Sim
Jan. 11 (Bloomberg) -- Gold rose to a record and silver matched its highest level since 1980 as a weakening dollar increased the allure of the metals as alternative investments.
The dollar was headed for a third we... -
By Christian Schmollinger
Jan. 11 (Bloomberg) -- Crude oil rose in New York on speculation that the U.S. Federal Reserve will cut interest rates more than expected to bolster the economy of the world's largest energy consumer.
Oi... -
By Darren Boey
Jan. 11 (Bloomberg) -- Asian energy stocks rose after crude oil prices rebounded from their lowest in almost three weeks. Cnooc Ltd., China's largest offshore oil producer, led gains.
Posco, Asia's biggest steelma... -
By Patricia Kuo and Lester Pimentel
Jan. 11 (Bloomberg) -- North Korea, where one-third of the people suffer from malnourishment, is attracting bond investors speculating that the country will give up its nuclear arsenal in return for U.S. ... -
By Jason Clenfield
Jan. 10 (Bloomberg) -- The risk of a Japanese recession has risen to a ``danger level,'' Tetsufumi Yamakawa, chief Japan economist Goldman Sachs Group said today.
The engine that drove virtually all of Japan's...