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Wall Street dives on falling oil, recovery worry (Reuters)

seen at 2009-06-03 21:47:20 - Yahoo!News

#60;p>Reuters - Stocks tumbled on Wednesday, halting a four-day winning streak, as falling oil prices hit energy shares, while less upbeat economic reports rekindled worries about recovery prospects.

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U.S. to unveil regulatory reform plan June 17: source (Reuters)

seen at 2009-06-03 20:20:49 - Yahoo!News

Reuters - The Obama administration plans to unveil on June 17 its sweeping plan to overhaul financial regulation, according to a source familiar with thinking at the U.S. Treasury Department.

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Jobless rates in U.S. cities zoom higher in April (Reuters)

seen at 2009-06-03 20:18:40 - Yahoo!News

Reuters - The weak labor market is hurting U.S. cities -- centers of many industries and large housing markets -- with 93 metropolitan areas registering an unemployment rate of at least 10 percent in April, according to Labor Department data released

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Bernanke sees recession ending soon; warns on debt (Reuters)

seen at 2009-06-03 18:54:39 - Yahoo!News

Reuters - Federal Reserve Chairman Ben Bernanke sounded a cautiously upbeat note on the U.S. economy on Wednesday but warned that corralling government debt was vital to ensuring the nation s long-term health.

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GM, Chrysler say dealer cuts key part of revival (Reuters)

seen at 2009-06-03 21:53:58 - Yahoo!News

Reuters - Top executives of General Motors Corp and Chrysler LLC were pressed by angry U.S. senators on Wednesday to rethink plans to slash more than 2,300 dealerships as a key part of their restructuring.

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FTSE 100 down on investor unease (AFP)

seen at 2009-06-03 16:49:20 - Yahoo!News

AFP - The London stock market slipped sharply on Wednesday with investors hesitant about embracing signs that the economy was improving.

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Abramoff, gov t disputing $500,000 tax refund (AP)

seen at 2009-06-03 23:15:28 - Yahoo!News

AP - Former lobbyist Jack Abramoff and the Justice Department are disputing a tax refund he recently received worth more than $500,000 and whether it should be used to pay court-ordered restitution or his family s massive debts.

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Sallie Mae CEO sees loan losses peaking in 2009 (AP)

seen at 2009-06-03 22:27:26 - Yahoo!News

AP - Sallie Mae CEO Albert Lord said Wednesday he expects loan charge-offs at the student lending company to peak in 2009 and remain high next year.

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Retailers emulate Wal-Mart s focus on necessities (AP)

seen at 2009-06-03 19:57:42 - Yahoo!News

AP - As Wal-Mart prepares for its annual shareholder meeting Friday, several large retailers are emulating the king of one-stop shopping and offering more necessities.

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Financials, surging commodities lift Wall Street (Reuters)

seen at 2009-06-04 21:42:23 - Yahoo!News

#60;p>Reuters - Stocks rose on Thursday as a brokerage s upbeat view on U.S. banks drove a run-up in financials, while soaring prices of oil and other commodities lifted natural resource companies on bets the economic slump is waning.

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SEC charges Countrywide co-founder Mozilo (Reuters)

seen at 2009-06-04 20:34:54 - Yahoo!News

Reuters - Countrywide Financial Corp co-founder Angelo Mozilo and two other former executives at the once-largest U.S. mortgage lender were sued by U.S. stock regulators on Thursday.

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Chrysler sale heads to appeals court on Friday (Reuters)

seen at 2009-06-04 20:53:47 - Yahoo!News

Reuters - A U.S. federal appeals court on Friday will hear arguments that Chrysler LLC s sale to a group including Italian carmaker Fiat SpA and the U.S. government violates long-standing bankruptcy law and should not be allowed to go forward.

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U.S. jobless claims fall again, productivity rises (Reuters)

seen at 2009-06-04 20:52:56 - Yahoo!News

Reuters - Fewer U.S. workers filed new claims for jobless benefits for a third straight week last week and productivity rose faster than expected in the first quarter, data showed on Thursday, supporting budding hopes that the recession is losing for

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CFTC asks authority over OTC market, dealers (Reuters)

seen at 2009-06-04 21:35:26 - Yahoo!News

Reuters - The U.S. regulator of the futures industry proposed a package of reforms for the first comprehensive regulation of over-the-counter derivatives and the dealers who handle the exotic instruments on Thursday.

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London stocks rise at open (AFP)

seen at 2009-06-04 08:31:10 - Yahoo!News

AFP - Stocks in London rebounded slightly at the open on Thursday as investors expected the Bank of England to keep interest rates unchanged at 0.50 percent.

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