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AP sources: Dems reach deal to drop gov't-run plan
AP – 24 mins agoWASHINGTON - After days of secret talks, Senate Democrats tentatively agreed Tuesday night to drop a full-blown government-run insurance option from sweeping health care legislation, several officials said, a concession to party moderates whose votes are critical to passage of President Barack Obama's top domestic priority. Full Story »
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Obama urges major new stimulus, jobs spending
AP – 1 hr 18 mins agoWASHINGTON - President Barack Obama called for a major new burst of federal spending Tuesday, perhaps $150 billion or more, aiming to jolt the wobbly economy into a stronger recovery and reduce painfully persistent double-digit unemployment. Full Story »
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Historic EPA finding: Greenhouse gases harm humans
AP – Mon Dec 7, 11:29 pm ETWASHINGTON - The Obama administration took a major step Monday toward imposing the first federal limits on climate-changing pollution from cars, power plants and factories, declaring there was compelling scientific evidence that global warming from manmade greenhouse gases endangers Americans' health. Full Story »
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Virgin Galactic unveils commercial spaceship
AP – Mon Dec 7, 10:28 pm ETMOJAVE, Calif. - The sleek, bullet-shaped spacecraft is about the size of a large business jet — with wide windows and seats for six well-heeled passengers to take a thrill ride into space. Full Story »
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Questions and answers about EPA action on warming
AP – Tue Dec 8, 3:31 am ETA big meeting in Copenhagen. A cap-and-trade bill in Congress. And now, a determination by the Environmental Protection Agency that global warming pollution is a threat to public health — a move that clears the way for the first-ever federal regulations targeting climate-changing emissions. Full Story »
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Wall St ends down on recovery jitters
Reuters – Tue Dec 8, 5:32 pm ETNEW YORK (Reuters) - Stocks fell on Tuesday after disappointing corporate news from 3M Co and McDonald's, while negative developments in global credit markets caused a shift to safe-haven assets. Full Story »
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Japan unveils $81 billion economic stimulus
Reuters – Tue Dec 8, 5:31 am ETTOKYO (Reuters) - Japan's government agreed on a $81 billion stimulus package on Tuesday, aimed at preventing the economy from tipping back into recession as deflation persists and a strong yen threatens exports. Full Story »
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More on-time credit card payments expected in 2010
AP – Tue Dec 8, 6:53 am ETNEW YORK - Consumers are expected to further improve their credit management in 2010, but unemployment will hamper the efforts of many Americans to make their credit card payments on time. Full Story »
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U.S. pay czar to exempt some AIG execs from salary cap: report
Reuters – Tue Dec 8, 12:27 am ET(Reuters) - Kenneth Feinberg, the Obama administration's pay czar, will exempt some executives at American International Group from a $500,000 salary cap after at least five employees threatened to quit, Bloomberg reported citing people familiar with the matter. Full Story »
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Weezer cancels tour after bus crash in upstate NY
AP – Mon Dec 7, 5:40 pm ETALBANY, N.Y. - Weezer has canceled the rest of its December tour after the lead singer was injured in a bus crash in New York. Full Story »
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Nissan to sell electric LEAF in San Francisco area
AP – Mon Dec 7, 6:04 pm ETSAN FRANCISCO - Nissan Motors says it will sell its new electric car in the San Francisco Bay area as part of a limited rollout, citing the region's commitment to building electric car infrastructure. Full Story »
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Economists say Iowa economy has hit bottom
AP – Tue Dec 8, 7:52 am ETDES MOINES, Iowa - Iowa has begun a slow recovery from the recession, but economists told Gov. Chet Culver on Monday that the state's economy remains shaky. Full Story »
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Japan unveils new $81 billion stimulus package
AP – Tue Dec 8, 3:43 am ETTOKYO - Japan's government on Tuesday unveiled $81 billion of new stimulus spending to keep the world's second-biggest economy from lurching back into recession. Full Story »
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Court skeptical of federal anti-fraud law
AP – Tue Dec 8, 2:15 pm ETWASHINGTON - The Supreme Court appeared inclined Tuesday to limit federal prosecutors' use of a fraud law that has helped win convictions of high-profile corporate executives and public officials, or throw out the law altogether. Full Story »
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Surveys: Hiring to remain weak early next year
AP – Tue Dec 8, 4:59 pm ETWASHINGTON — Few employers plan to ramp up hiring early next year, two surveys show — evidence that the economic recovery isn't likely to create many jobs anytime soon. Full Story »
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Crude prices fall for fifth straight day
AP – Tue Dec 8, 3:10 pm ETNEW YORK - Oil prices dipped below $73 a barrel Tuesday on a stronger dollar and a slew of economic data that did not indicate a quick rebound in demand from big energy users or from consumers. Full Story »
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SEC charges ex-N.Century execs in subprime case
Reuters – Mon Dec 7, 6:21 pm ETWASHINGTON (Reuters) - Three former executives at now-bankrupt lender New Century Financial Corp were charged with fraud by U.S. securities regulators on Monday, the latest government effort to pursue wrongdoing in the subprime mortgage market. Full Story »
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China Mobile, RIM to offer BlackBerry to China consumer
Reuters – Tue Dec 8, 6:44 am ETBEIJING (Reuters) - China Mobile (0941.HK) and Research in Motion will offer BlackBerry handsets and Internet service to consumers as well as smaller firms in China, the two firms said on Tuesday.
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