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Biggest Job Loss In A Month Since 1974

Posted: 02/06/2009 - The government says employers slashed payrolls by 598,000 in January, the most since the end of 1974, catapulting the unemployment rate to 7.6 percent.

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Moderates Seek Bipartisan OK Of Stimulus Package

Posted: 02/06/2009 - Senate moderates seeking to pare back Barack Obama's economic plan are rekindling their efforts in hopes of building a bipartisan vote that eluded the president in the House.

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Pink Slips Stack Up As Recession Drags On

Posted: 02/06/2009 - A government watchdog has concluded that the federal government gave financial institutions a $78 billion subsidy last year by overpaying for stocks and other assets as part of its massive Wall Street rescue program.

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A Billionaire Runs For NY Mayor During Tough Times

Posted: 02/06/2009 - At a time when corporate jets, executive bonuses and Wall Street excess inspire anger and resentment in a nation struggling against a recession, billionaire Mayor Michael Bloomberg will likely spend tens of millions of dollars on another lavish campaign this year.

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Toyota Sees First Annual Net Loss Since 1950

Posted: 02/06/2009 - Toyota sank into the red for the October-December quarter and acknowledged Friday it was heading for its first annual net loss since 1950 because of plunging global automobile sales and the strong yen.

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Senate Struggles On Stimulus In Nighttime Session

Posted: 02/06/2009 - In an uncertain reach across party lines, Senate moderates struggled for a compromise on economic stimulus legislation Thursday as the government spit out grim new jobless figures and President Barack Obama warned of more bad news ahead.

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Helping The Poor Start Businesses

Posted: 02/05/2009 - The revolutionary banker who won a Nobel Peace Prize for establishing the formula of tiny loans that help even the poorest build a business is coming to North Carolina.

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Gas Price Roller Coaster Ride

Posted: 02/04/2009 - Wednesday prices averaged around $1.82 in Eastern Carolina, a month ago they were around $1.58. So why is it the prices are on a continual roller coaster??

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Survey: College Increasingly Important But Pricey

Posted: 02/04/2009 - A new survey finds more Americans than ever believe a college degree is the path to success, but about two-thirds also believe that higher education is priced out of reach for some qualified students.

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Wells Fargo Defends, Then Cancels Vegas Junket

Posted: 02/04/2009 - Wells Fargo & Co. abruptly canceled Tuesday a pricey Las Vegas casino junket for employees after a torrent of criticism that it was misusing $25 billion in taxpayer bailout money.

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Obama Administration To Issue Executive Pay Limits

Posted: 02/04/2009 - The Obama administration plans to limit pay to $500,000 a year for executives of government-assisted financial institutions in a new get-tough approach to bankers and Wall Street, a senior administration official said Tuesday.

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Japan's Panasonic To Cut 15,000 Jobs, Shut Plants

Posted: 02/04/2009 - Panasonic Corp. said Wednesday it will slash 15,000 jobs and shut down 27 plants worldwide to cope with plunging demand for its TVs, semiconductors and other electronics products.

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Assembly Plant Closing

Posted: 02/03/2009 - A cable maker says it will close a plant in North Carolina and move some of the jobs to another location in the same city.

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Layoffs Warning

Posted: 02/03/2009 - The mayor of a North Carolina city has warned public employees to "find new and effective ways" of performing their jobs or face the possibility of layoffs.

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Jacksonville Seeks Occupancy Tax

Posted: 02/03/2009 - Most of the money raised from taxes on lodging would promote travel and tourism in Jacksonville.

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BB&T Says Execs Won't Get 2008 Bonuses

Posted: 02/02/2009 - BB&T Corp. said Friday that its executives won't get annual bonuses for 2008 because the banking company didn't meet its financial targets.

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GOP Governors Press Congress To Pass Stimulus Bill

Posted: 02/01/2009 - Most Republican governors have broken with their GOP colleagues in Congress and are pushing for passage of President Barack Obama's economic aid plan that would send billions to states for education, public works and health care.

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