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Kashkari: Rescue fund needs flexibility, firepower
The head of the government's financial system rescue effort said the program must maintain adequate resources and flexibility to deal with unexpected challenges.
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Toll Brothers 4Q loss narrows, no 2009 forecast
Toll Brothers Inc. said Thursday its fiscal fourth-quarter loss narrowed slightly as it took fewer write-downs on land values, but warned that fiscal 2009 revenue will fall significantly below 2008 levels.
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White Sox send pitcher Javier Vazquez to Braves
The Chicago White Sox completed a six-player trade with Atlanta on Thursday, sending right-hander Javier Vazquez and lefty reliever Boone Logan to the Braves for four prospects.
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Street largely holds ground in face of bad news
Wall Street showed relative signs of stability Thursday as investors calmly took in a flurry of downbeat economic and corporate data and largely held on to the gains they've made for more than a week.
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NASA delays Mars mission to 2011
NASA is delaying launch of a giant Mars robotic mission that is hundreds of millions of dollars over budget, the space agency said Thursday.
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ECB cuts rates, following BoE, Swedish Riksbank
Europe's central banks slashed borrowing costs aggressively Thursday to try and ward off a long recession triggered by the financial crisis.
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Retailers see sales drop in dreary November
Retailers - with Wal-Mart the notable exception - limped through a miserable November that even a surge of shopping after Thanksgiving couldn't save, marking the weakest month since at least 1969 and deepening fears that the critical holiday period could be the most dismal in decades.
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APNewsBreak: Increase in MLB salary slowed in 2008
Baseball salaries started to slow this year even before the economy cooled. The average salary in Major League Baseball this season was $2.93 million, the players' association said Thursday in its annual report. The 3.6 percent increase was the smallest since 2004, when the average declined 2.5 percent from the previous season.
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AT&T to cut 12,000 jobs, 4 percent of staff
Pressured by the economic turmoil and the mounting loss of traditional phone customers, AT&T Inc. is cutting 12,000 jobs, about 4 percent of its work force.
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Toledo hires OSU coordinator Beckman as coach
Toledo has hired Tim Beckman as head coach, picking the Oklahoma State defensive coordinator to take over its football program.
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New jobless claims drop unexpectedly
New claims for jobless benefits fell unexpectedly last week but the number of people continuing to receive government aid reached a 26-year high and large companies announced more job cuts Thursday.
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Red Sox finalize deal with Japanese RHP Tazawa
The Red Sox have landed another Japanese pitcher, completing their contract with right-hander Junichi Tazawa.
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Brazil's Vale to reduce nickel output in Canada
Citing falling nickel prices, Brazilian mining giant Vale said Thursday it will reduce production of the metal at its Canadian division and cut jobs in that unit through a voluntary retirement program.
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Sources: Petty Enterprise in merger talks
Petty Enterprises is in discussions to merge its storied franchise with Gillett Evernham Motorsports, The Associated Press has learned.
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Minor injuries after bus, truck collide in Ill.
A chartered bus carrying high school students collided with a tractor-trailer on an icy highway in north-central Illinois, sending at least 36 people to the hospital with minor injuries, authorities said.
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Factory orders drop more than expected in October
Orders to U.S. factories plunged in October by the sharpest amount in over eight years as a deepening recession caused big cutbacks in demand for steel, autos, computers and heavy machinery. Analysts expect the weakness will continue for some time.
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Ragin' Cajuns defense key to 42-28 win
Louisiana-Lafayette moved to the pool of bowl-eligible teams with a 42-28 victory over Middle Tennessee on Wednesday night.
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Dodd endorses financial assistance for automakers
Senate Banking Committee chairman Christopher Dodd has come out in favor of federal financial help for the troubled auto industry.
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Credit Suisse cuts 5,300 jobs worldwide
Credit Suisse Group said Thursday it is cutting 5,300 jobs - about 11 percent of its global work force - in a bid to reduce costs and take its business back into the black.
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Armstrong ready to let teammate Contador lead
Lance Armstrong said he wouldn't battle Astana teammate Alberto Contador to be leader at the Tour de France next year.
