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Thu, 08 Jan 2009 16:36:27 -0500

Obama pushes stimulus, warns on recession
WASHINGTON (Reuters) - President-elect Barack Obama warned on Thursday that the U.S. economy could stay mired in recession for years without bold action and he urged lawmakers to work day and night to pass a massive stimulus plan.

Thu, 08 Jan 2009 17:58:14 -0500

Israel faces criticism as Gaza toll hits 765
GAZA (Reuters) - Recovery teams ventured into battlegrounds of the Gaza Strip on Thursday to gather bodies from the rubble, and Hamas officials said the Palestinian toll in Israel's 13 day-old offensive rose to 765 dead.

Thu, 08 Jan 2009 18:32:08 -0500

Citi backs mortgage bankruptcy reform: senators
WASHINGTON (Reuters) - Financial giant Citigroup Inc has agreed to support a rewrite of bankruptcy law being proposed in the U.S. Congress to help troubled mortgage borrowers avoid foreclosure, lawmakers said on Thursday.

Thu, 08 Jan 2009 18:17:54 -0500

Obama names Virginia gov as Democratic Party head
WASHINGTON (Reuters) - President-elect Barack Obama named Tim Kaine as head of the Democratic Party on Thursday, rewarding an early supporter with a high-profile political post even as he continues to serve as Virginia governor.

Thu, 08 Jan 2009 18:09:57 -0500

Wal-Mart and other U.S. retailers warn after dismal holiday
CHICAGO (Reuters) - Wal-Mart Stores Inc and other top U.S. retailers delivered disappointing December same-store sales and profit warnings on Thursday, sparking fresh recession concerns that hit stock and currency markets.

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Thu, 08 Jan 2009 19:55:00 GMT

FACTBOX: Emerging Gaza ceasefire plan - Reuters
(Reuters) - Israel, Hamas and Palestinian President Mahmoud Abbas have entered talks with Egypt to try to iron out the terms of a ceasefire in the Gaza Strip. Western diplomats predicted a difficult negotiation ahead. Israel is seeking international ...
Thu, 08 Jan 2009 22:46:00 GMT

TODAY: Obama says Congress must act boldly and now on economy - Charleston Daily Mail
WASHINGTON -- President-elect Barack Obama implored Congress to "act boldly and act now'' on Thursday to fix an economy growing perilously weaker, and leading lawmakers set an informal goal of mid-February for enacting tax cuts and government ...
Thu, 08 Jan 2009 21:49:00 GMT

Japan moves to increase business lending - Financial Times
Japan is stepping up efforts to encourage banks to lend more to business amid fears that a credit crunch will worsen in the run-up to the fiscal year-end on March 31. The Bank of Japan launched an emergency programme on Thursday to give financial ...
Thu, 08 Jan 2009 22:54:00 GMT

Poll: Americans Strongly Back Increase in Infrastructure Spending - US News and World Report
Investing in infrastructure isn't just a tagline used by the incoming Obama administration and congressional Democrats to try to get a stimulus bill passed, but a priority for the vast majority of Americans—even if they have to pay for it. A ...
Thu, 08 Jan 2009 18:22:00 GMT

GameStop posts 10 percent increase in December sales - Fort Worth Star-Telegram
Parker County restaurateur accused of solicitation to commit arson ESPN report forces Cowboys to cut Pacman Springtown man dies in wreck on Texas 199 Is Owner Jones wising up? No, that’s asking too much First traffic death of 2009 reported in Fort ...

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Thu, 08 Jan 2009 23:49:01 GMT

Lawmaker: Kan. needs help for transportation pl ...
If there's going to be a new comprehensive state transportation plan in these tough economic times, it will require money from the federal economic stimulus plan offered by President-elect Barack Obama, the ...
Thu, 08 Jan 2009 23:48:15 GMT

Cabin owners get break in lease increases
The cost of leasing U.S. Forest Service land occupied by private cabins will rise only modestly this year, Agriculture Undersecretary Mark Rey said Thursday, offering stopgap relief to cabin owners braced for ...
Thu, 08 Jan 2009 23:48:01 GMT

Electricity rates increasing to pay fora
Electricity rates for Duke Energy customers will be going up. The Indiana Utility Regulatory Commission has approved a plan to pay for a new 2.3-billion-dollar coal gasification plant under construction in ...
Thu, 08 Jan 2009 23:46:45 GMT

Huawei Predicts 29% Growth in 2009
Chinese telecom equipment vendor Huawei Technologies Co. Ltd. believes its business will grow by almost 29 percent during 2009, just as its major rivals prepare themselves for a year of shrinking sales.
Thu, 08 Jan 2009 23:45:43 GMT

Normal gas price spread returns with end to Dryden price war
A price war over gasoline in Dryden came to an explosive end on Wednesday as the price at the pumps shot up from the lowest cost in the country, 59.9 cents per litre to 81.9 cents per litre.

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