Archive for November 6th, 2009

Stocks zigzag as dollar slides on jobs report (AP)

Stocks fluctuated in a tight range Friday as investors found some positives for the market in a surprisingly weak jobs report.

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2 Nebraska banks get rural loan guarantees (AP)

Two Nebraska banks have obtained federal loan guarantees through the U.S Department of Agriculture, which is using federal stimulus funding.

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Jobless rate tops 10 pct. for first time since ’83 (AP)

The unemployment rate has hit double digits for the first time since 1983 — and is likely to go higher. The 10.2 percent jobless rate for October shows how weak the economy remains even though it is growing.

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Former NASA official sentenced to probation (AP)

A former top NASA official was sentenced Friday to three years probation, six months of electronic monitoring and a $2,500 fine for steering contract money to a private client.

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Canada’s unemployment rate rises, 43.2K jobs lost (AP)

Canada’s unemployment rate rose to 8.6 percent in October from 8.4 percent a month earlier as the economy shed a net total of 43,200 jobs, the government said Friday.

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Jobless rate surges to 10.2 percent (Reuters)

The U.S. jobless rate unexpectedly jumped to a 26-1/2-year high of 10.2 percent last month, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.

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Ailing Puerto Rico cuts more public sector jobs (AP)

Puerto Rico’s government eliminated 2,000 civil service jobs on Friday, cutting further into the public payroll as the island suffers its deepest economic slump in decades.

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Obama signs homebuyer, jobless bill assistance (AP)

President Barack Obama signed into law a $24 billion economic stimulus bill providing tax incentives to prospective homebuyers and extending unemployment benefits to the longtime jobless who have been left behind as the economy veers toward recovery.

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Report: Minn. needs significant Internet upgrades (AP)

Internet speeds in more than four-fifths of Minnesota are too slow to support technologies that could draw new jobs, take cars off the roads and bring new services to people in their homes, a new report said Friday.

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President extends unemployment benefits by up to 20 weeks (CNNMoney.com)

President Obama said he signed into law Friday a bill to provide up to 20 additional weeks of jobless benefits to unemployed Americans and extend the $8,000 tax credit for new homebuyers into the middle of next year.

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