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UK's Brown To Press Banks To Cut Interest Rates

Posted: 12/05/2008 - British Prime Minister Gordon Brown said Friday he will be pressing bankers to pass on lower interest rates to consumers after the Bank of England moved to reduce its key lending rate to the lowest level since 1951.

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AP IMPACT: Some Bailout Holdings Down $9 Billion

Posted: 12/05/2008 - Stock intended to eventually earn taxpayers a profit as part of the Bush administration's massive bank bailout has lost a third of its value — about $9 billion — in barely one month, according to an Associated Press analysis.

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AT&T To Cut 12,000 Jobs, 4 Percent Of Staff

Posted: 12/05/2008 - 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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Oil Falls To 3-Year Low At $46 On Weak Economy

Posted: 12/04/2008 - Oil prices sank to 3-year lows Thursday in Asia as more bleak news from the world's largest economy signaled that crude could tumble below $40 by the end of the year.

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$42 Million For Elephants

Posted: 12/03/2008 - California's budget is at critical mass, so why is the state spending millions on an elephant enclosure?

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Bank Of America Jobs Cuts Could Be Severe

Posted: 12/02/2008 - Bank of America could end up cutting 30,000 jobs as it moves to absorb Merrill Lynch, three times as many as previously estimated, sources told CNBC.

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Big Three Automakers To Submit Plans To Congress

Posted: 12/02/2008 - Detroit's automakers, making a second bid for $25 billion in funding, are presenting Congress with plans Tuesday to restructure their ailing companies and provide assurances that the funding will help them survive and thrive.

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Stocks Fall Sharply On Consumer Spending Worries

Updated: 12/01/2008 - The Dow Jones industrial average fell 679 points, wiping out more than half the 1,276 points it added during a five-day rally built on investors' budding optimism about the economy.

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Experts: U.S. In Recession

Updated: 12/01/2008 - Most of us have know this for a while, but now a team of economists say the country has been in a recession for the past year.

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Co-Founder Of NC-Based Lender Attacked

Posted: 11/30/2008 - A co-founder of the community development lender Self-Help Credit Union was attacked by several men leaving his office in downtown Durham.

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Mom's Shopping Sacrifice

Posted: 11/29/2008 - Many moms will likely do without order to complete their children's holiday wish list.

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Stocks End Short Session With 5th Straight Gain

Posted: 11/29/2008 - Wall Street wrapped up its biggest five-day rally in more than 75 years Friday, even as investors digested signs of a bleak holiday season for retailers and fears that a flurry of reports next week will show more economic distress.

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Cooper: NC Treasurer Violated Law

Posted: 11/28/2008 - Attorney General Roy Cooper's office says the state treasurer's office violated North Carolina law by hiring outside attorneys to advocate as part of a class-action lawsuit against mortgage giant Freddie Mac.

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Black Friday Projections

Posted: 11/27/2008 - The stock markets have had positive gains for four days straight. It's the first time this has happened since April. With Black Friday on the horizon, retailers are expecting similar results.

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Secret Shopper Scam

Posted: 11/26/2008 - There are some legitimate secret shopping companies, but the BBB of Eastern NC is warning about one they say is a scam.

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