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06 Nov 2009 12:43
, Nov 06 15:37, Nov 06 20:37, Nov 07 05:37U.S. Unemployment Rate Jumps to 10.2% as Payrolls Fall More Than Forecast The unemployment rate in the U.S. jumped to 10.2 percent in October, the highest level since 1983, casting a pall over the prospects for a sustained recovery and risking further erosion of President Barack Obama’s popularity.
Stocks in U.S. Fluctuate as GE Climbs, Unemployment Rate Hits 26-Year High U.S. stocks swung between gains and losses after the nation’s unemployment rate surged past 10 percent for the first time since 1983, with General Electric Co. and Macy’s Inc. advancing after analysts upgraded their shares. Gold reached a record above $1,100 an ounce.
Consumer Credit Declines More Than Forecast as American Job Losses Persist U.S. consumer credit fell in September for an eighth straight month, the longest series of declines on record, as thousands of Americans lost their jobs and banks tightened access to loans.
Florida Investment Pool's Securities Dealings With Banks Are Probed by SEC Wall Street firms that sold mortgage- backed securities to a $30 billion pool run by the state of Florida for local governments are under investigation for fraud by the U.S. Securities and Exchange Commission.
AIG Taps U.S. for $4.2 Billion to Help Restructure ILFC, Mortgage Insurer American International Group Inc., the insurer rescued by the U.S., tapped the Treasury Department for another $4.2 billion to help restructure its money-losing mortgage guarantor and the plane unit it’s trying to sell.
JPMorgan Said to Detect Kiener's K1 Fraud That Stung Banks, Bought Planes JPMorgan Chase & Co. found an unsettling fact buried in the books of newly acquired Bear Stearns Cos. last year: The brokerage had loaned millions of dollars to a German money manager for bets on hedge funds no one had ever heard of.
Fort Hood Suspect Hasan Called U.S.'s War on Terror a `War Against Islam' Major Nidal Malik Hasan, the Army psychiatrist accused of killing 13 people and wounding 30 others at the Fort Hood Army Base in Texas, regularly described the war on terror as “a war against Islam,” according to a doctor who was in a graduate program with him.
U.S. Army Psychiatrist in Custody After 13 Killed, 30 Hurt on Texas Base An Army psychiatrist is under guard in a Texas hospital after being accused of killing 13 people and wounding 30 others in what officials believe is the worst mass shooting at a U.S. military base.
Cantor Says Republicans Must Be Inclusive, Limbaugh Rhetoric Not `Helpful' Eric Cantor, the second-ranking Republican in the U.S. House, said his party needs to be inclusive and specifically said that some comments by talk-show host Rush Limbaugh were inappropriate.
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