Bloomberg Business Headlines
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Cautious optimism as job losses slow
The pace of job losses slowed in many U.S. states in October, and the unemployment rate slipped in hard-hit Michigan, the Labor Department said on Friday, hinting the recession may be easing in some areas.
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Geithner, under fire, defends AIG bailout
U.S. Treasury Secretary Timothy Geithner defended on Thursday the costly bailout of insurer AIG and urged swift regulatory reform to safeguard the economy from the failure of big financial firms.
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Stocks hurt by home construction data, techs
U.S. stocks fell on Wednesday on worrying outlooks from major software makers and as a surprise drop in new home construction last month prompted concern about the strength of an economic recovery.
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Wall Street flat as retailers' views spark caution
U.S. stocks were little changed on Tuesday as outlooks from Target and Home Depot sparked caution about holiday spending, offsetting upbeat broker views on Microsoft and Exxon Mobil.
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Supreme Court won't hear Redskins name case
The Supreme Court said on Monday that it rejected an appeal by six American Indians in their long-running legal challenge of the Washington Redskins' name, which they find racially offensive.
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Cisco ups Tandberg bid, expected to win approval
Cisco Systems Inc raised its bid for Tandberg ASA 10 percent to 19 billion Norwegian crowns ($3.41 billion), a move widely expected to win over shareholders of the video conferencing company.
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U.S. regulators squeeze banks on future tax assets
U.S. regulators are looking hard at banks' expected future tax benefits and the result for some financial institutions could be more writedowns.
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Stocks fall on energy shares, consumer worries
The Dow industrials six-day winning streak came to a halt on Thursday as a drop in oil prices pulled energy stocks lower and a guarded outlook from Wal-Mart fanned worries about consumer spending.
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Macy's holiday outlook a turkey, stock drops
U.S. department store operator Macy's Inc. forecast earnings for the fourth quarter, which includes the crucial holiday shopping season, far below Wall Street expectations on Wednesday, sending shares down 7.9 percent.
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Stocks dips as investors step back to assess rally
U.S. stocks slipped on Tuesday as investors paused to assess the rally that pushed the Dow industrials to a 13-month high in the previous session and drove the S&P 500 up for six straight days.
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