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Business & Technology

Stocks slide after jobs, inflation reports

October 14th, 2010 12:21 pm by Associated Press

NEW YORK (AP) Stocks dipped Thursday after concerns about another disappointing report on jobs. But losses were held in check by expectations the Federal Reserve will act soon to strengthen the economy.

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Business & Technology

States' probe of foreclosures could force reforms

October 14th, 2010 4:30 am by Associated Press

WASHINGTON (AP) A joint investigation by every state and the District of Columbia could force mortgage companies to settle allegations that they used flawed documents to foreclose on hundreds of thousands of homeowners.It could take months, at least, for

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Business & Technology

More American companies moving jobs from U.S. to China, other countries

October 13th, 2010 3:35 pm by Associated Press

WASHINGTON Though some American firms are bringing overseas work back home, evidence is growing that companies are moving more jobs than ever to China and other countries a trend that could exacerbate efforts to bring down the nation's stubbornly high u

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Business & Technology

Pfizer will buy King Pharmaceuticals for $3.6 billion

October 12th, 2010 11:01 pm by Sharon Hayes

International drug maker Pfizer announced Tuesday it plans to buy Bristol, Tenn.-based King Pharmaceuticals in a deal valued at $3.6 billion in cash. The merger is expected to close in the fourth quarter this year or the first quarter of 2011. King Pharma

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Business & Technology

Unemployed find old jobs now require more skills

October 11th, 2010 11:38 am by Associated Press

WASHINGTON (AP) The jobs crisis has brought an unwelcome discovery for many unemployed Americans: Job openings in their old fields exist. Yet they no longer qualify for them.They're running into a trend that took root during the recession. Companies beca

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Business & Technology

Foreclosure freeze could undermine housing market

October 10th, 2010 11:59 pm by Associated Press

NEW YORK Karl Case, the co-creator of a widely watched housing market index, was upbeat three weeks ago. Mulling the economy while at a meeting at a resort near the Berkshires, Case thought the makings of a recovery were finally falling into place. Tod

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Business & Technology

US bond executive says governments risk slipping into an era of low growth, high unemployment

October 10th, 2010 9:19 pm by Associated Press

WASHINGTON (AP) -- After averting a severe depression two years ago, industrial nations risk losing the recovery, the chief executive of the world's largest bond investor says.Mohamed El-Erian, head of Pacific Management Investment Co., or Pimco, says if

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Business & Technology

BAE Systems gets $140 million to consolidate operations at Holston Army Ammunition Plant

October 9th, 2010 2:52 pm by Sharon Hayes

KINGSPORT For more than 60 years, Holston Army Ammunition Plant has operated two separate sites Area A and Area B connected only by a pipeline that pumps chemicals from one site to the other, seven miles through residential neighborhoods and alongside

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