Stocks swoon as worries about the economy return (AP)
AP - Grim signals about consumer spending ripped through the markets Friday, sending stocks tumbling as investors raced for safe havens.
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Archive for October, 2009
Obama says new data shows economy recovering (Reuters)
Reuters - President Barack Obama said on Saturday this week’s positive job and economic growth figures proved that his big spending efforts to stimulate the economy were working.
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After all the fuss, public health plan covers few (AP)
AP - What’s all the fuss about? After all the noise over Democrats’ push for a government insurance plan to compete with private carriers, coverage numbers are finally in: Two percent.
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Britain to create three new retail banks: reports (AFP)
AFP - Britain’s government is to create three new high street banks from bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock, according to media reports.
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SEC in settlement talks with BofA, UBS: report (Reuters)
Reuters - The Securities and Exchange Commission is in settlement talks with several large financial institutions to resolve investigations into the awarding of municipal investment contracts, the Wall Street Journal reported on Saturday.
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iPhone comes to China without key feature (AP)
AP - Apple’s iPhone is making its long-awaited formal debut in the world’s most populous mobile phone market, without a key feature and at higher prices than widely available black market models.
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Hebrew, Hindi, other scripts get Web address nod (AP)
AP - The nonprofit body that oversees Internet addresses approved Friday the use of Hebrew, Hindi, Korean and other scripts not based on Latin characters in a decision that could make the Web dramatically more inclusive.
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Clinton: Afghan runoff not affected by Abdullah (AP)
AP - Secretary of State Hillary Rodham Clinton says Abdullah Abdullah’s call for a boycott of next weekend’s runoff election in Afghanistan will not affect the legitimacy of that runoff.
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Republican in NY House race suspends campaign (AP)
AP - Fighting plunging support, Republican Dierdre Scozzafava abruptly suspended her campaign Saturday in a special election for a U.S. House seat that has exposed a rift among national factions of the party.
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Former hedge fund executive charged by SEC (Reuters)
Reuters - A former top executive at hedge fund firm ValueAct Capital is one of seven people charged with trading on inside information in Acxiom Corp.
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