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Trade deficit shrinks as auto and oil imports drop
(AP)
| AP - The U.S. trade deficit unexpectedly shrank in January, reflecting a big drop in imports of oil and foreign cars. American exports also fell, a potential blow to hopes that the economic recovery will be aided this year by U.S. sales abroad.
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Foreclosure rates up by smallest amount in 4 years
(AP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20100311/ap_on_bi_ge/us_foreclosure_rates"><img src="http://d.yimg.com/a/p/afp/20100301/capt.photo_1267480692078-1-0.jpg?x=130&y=89&q=85&sig=CJcxsqwuwyswWEGVBJ7z7w--" align="left" height="89" width="130" alt="A pre-foreclosure sign is displayed outside a home in Miami, Florida in 2009. The US home mortage sector remains under siege -- as recent huge losses reported by government-run Fannie Mae and Freddie Mac show -- from high unemployment and troubled loans.(AFP/Getty Images/File/Joe Raedle)" border="0" /></a>AP - The foreclosure crisis isn't over, but the pace of growth may finally be slowing down.</p><br clear="all"/>
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Stock futures fall modestly ahead of open
(AP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20100311/ap_on_bi_st_ma_re/us_wall_street"><img src="http://d.yimg.com/a/p/ap/20100310/capt.73fd2e01ac874a328d3b701bc4b75c84.wall_street_nyml204.jpg?x=130&y=84&q=85&sig=4pslB7ITeGXuEMlkgB5EFA--" align="left" height="84" width="130" alt="People walk on Wall Street, Tuesday, March 9, 2010, in New York. Investors are continuing to search for direction Wednesday, March 10, after two days of relatively flat trading. Stock futures are narrowly mixed.(AP Photo/Mark Lennihan)" border="0" /></a>AP - Stock futures fell slightly after the Labor Department said first-time claims for jobless benefits fell slightly less than expected.</p><br clear="all"/>
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HSBC: data on 24,000 Swiss account holders stolen
(AP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20100311/ap_on_re_eu/eu_switzerland_hsbc"><img src="http://d.yimg.com/a/p/afp/20100307/capt.photo_1267948354778-1-0.jpg?x=84&y=130&q=85&sig=5GAUzbAx6LgW_Sz7z3HlRQ--" align="left" height="130" width="84" alt="An HSBC branch in central London. The chief executives of major UK banks Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland and Standard Chartered all decided to renounce their bonus entitlements for 2009 amid public outrage over excessive bankers' pay.(AFP/File/Carl Court)" border="0" /></a>AP - Information on 24,000 HSBC customers with Swiss accounts has been stolen, the British bank said Thursday, potentially exposing large numbers of international clients to prosecution by tax authorities in their home countries.</p><br clear="all"/>
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Senate passes $149 billion for jobless aid
(Reuters)
| Reuters - The Senate on Wednesday passed a $149 billion package of jobless aid and tax breaks, as Democrats continued efforts to lower the 9.7 percent unemployment rate before congressional elections in November.
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BP to pay $7 billion for exploration rights
(AP)
| AP - Oil company BP PLC said Thursday it will pay $7 billion to acquire exploration rights from US-based Devon Energy Corp. that will strengthen BP's dominant position in the Gulf of Mexico and give it access to a promising region off Brazil.
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SEC chief economist leaving
(AP)
| AP - The chief economist of the Securities and Exchange Commission, who is an expert on the financial instruments that figured largely in the 2008 crisis, is leaving his position for the private sector.
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US Senate adopts aid for unemployed
(AFP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/afp/20100311/ts_alt_afp/usunemploymentjobspolitics"><img src="http://d.yimg.com/a/p/afp/20100311/capt.photo_1268273185548-1-0.jpg?x=130&y=86&q=85&sig=siRRdqS1pWDKWNOI8biAVg--" align="left" height="86" width="130" alt="A job fair takes place in New York City. The US Senate has adopted a 140-billion-dollar raft of measures aimed at shoring up unemployment benefits and setting out tax breaks to spur job creation.(AFP/Getty Images/File/Spencer Platt)" border="0" /></a>AFP - The US Senate has adopted a 140-billion-dollar raft of measures aimed at shoring up unemployment benefits and setting out tax breaks to spur job creation.</p><br clear="all"/>
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Smithfield Foods returns to 3rd-quarter profit
(AP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20100311/ap_on_bi_ge/us_earns_smithfield_foods"><img src="http://d.yimg.com/a/p/ap/20100311/capt.d3385ef23ec2465eb1aca05a25aa4888.earns_smithfield_foods_nybz172.jpg?x=130&y=84&q=85&sig=hBWMmovef0fOFMVdpI8ZrA--" align="left" height="84" width="130" alt="DILE - In this March 10, 2009 file photo, Smithfield Food products are on display at the Ukrops store in Richmond, Va. Meat processor Smithfield Foods returned to a profit in the third quarter Thursday, March 11, 2010, partly due to strength in its packaged meats business and higher sales overseas. (AP Photo/Steve Helber, file)" border="0" /></a>AP - Meat processor Smithfield Foods Inc. said Thursday it returned to a profit in its fiscal third quarter, partly on continued strength in its packaged meats business as sales grew overseas.</p><br clear="all"/>
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EU says US has pressed it on hedge fund rules
(AP)
| AP - The European Union's top finance official says the U.S has pressed him on draft EU rules for hedge funds — and hopes the U.S. will respect Europe's right to decide its own legislation.
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Quinn seeks income tax hike for schools
(AP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20100310/ap_on_bi_ge/il_state_budget"><img src="http://d.yimg.com/a/p/ap/20100310/capt.f38a64b5daae4476aa543df8e4712fd6.state_budget_ilsp301.jpg?x=130&y=110&q=85&sig=XdQoDBuL2fn1fVwH680bpA--" align="left" height="110" width="130" alt="Illinois Gov. Pat Quinn delivers his State of the Budget address to a joint session of the Illinois General Assembly on the House floor at the Illinois State Capitol in Springfield, Ill., Wednesday, March 10, 2010. (AP Photo/Seth Perlman)" border="0" /></a>AP - Calling himself a realist, Gov. Pat Quinn on Wednesday scaled back his proposal to raise income taxes, shifting to a call for an increase of just one percentage point to be used solely for preventing deep cuts to education.</p><br clear="all"/>
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Greece hit by strikes over austerity plan
(AP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20100311/ap_on_bi_ge/eu_greece_financial_crisis"><img src="http://d.yimg.com/a/p/ap/20100311/capt.86503e7f53464a44bd21691e38825a9f.greece_financial_crisis_xts205.jpg?x=130&y=89&q=85&sig=D_4lO3lGSg5IY5YoJT4Ogg--" align="left" height="89" width="130" alt="A riot police officer tries try to avoid a petrol bomb, during clashes in central Athens, Thursday, March 11, 2010. Savage street clashes erupted between rioting youths and police in central Athens as more than 30,000 people demonstrated during a nationwide strike against the cash-strapped government's austerity measures. Hundreds of masked and hooded youths punched and kicked motorcycle police, knocking several off their bikes, as riot police fired volleys of tear has and stun grenades to disperse the rioters. (AP Photo/Thanassis Stavrakis)" border="0" /></a>AP - Savage street clashes erupted between rioting youths and police in central Athens Thursday as more than 30,000 people demonstrated during a nationwide strike against the cash-strapped government's austerity measures.</p><br clear="all"/>
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Wal-Mart spent $1.78 million lobbying in 4Q
(AP)
| AP - Wal-Mart Stores Inc., the world's largest retailer, spent nearly $1.78 million lobbying in the fourth quarter on a wide range of issues from health care reform to organized crime and food safety issues, according to a recent disclosure report.
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Home loan demand nudges higher in latest week
(Reuters)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20100310/bs_nm/us_usa_economy_mortgages"><img src="http://d.yimg.com/a/p/rids/20100310/i/r3302645351.jpg?x=94&y=130&q=85&sig=LJ7yDwbeqpiJaTS7KMmkqw--" align="left" height="130" width="94" alt="An arrow points down in the window of a branch of Northern Rock in London March 10, 2010. Nationalised mortgage lender Northern Rock's headline losses shrank in 2009, helped by rising net interest income and lower loan losses in the second half, though it said loan writedowns would stay high in 2010. REUTERS/Luke MacGregor (BRITAIN - Tags: BUSINESS) POLITICS)" border="0" /></a>Reuters - U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.</p><br clear="all"/>
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Oil steadies after recent surge
(AFP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/afp/20100311/bs_afp/commoditiesenergyoilprice"><img src="http://d.yimg.com/a/p/afp/20100311/capt.photo_1268302923781-1-0.jpg?x=130&y=86&q=85&sig=KLwZdqvunXUr8VI4y07qCQ--" align="left" height="86" width="130" alt="Oil prices held steady as investors paused for breath following recent gains made after data that showed stronger US energy demand.(AFP/File/Kenzo Tribouillard)" border="0" /></a>AFP - Oil prices held steady on Thursday as investors paused for breath following recent gains made after data that showed stronger US energy demand, analysts said.</p><br clear="all"/>
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Toyota troubles put spotlight on US safety agency
(AP)
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/ap/20100311/ap_on_bi_ge/us_toyota_recall_safety"><img src="http://d.yimg.com/a/p/ap/20100310/capt.da14392e88fc4ec18048ae60ec7b2ef5.aptopix_california_prius_sales_cabm102.jpg?x=130&y=127&q=85&sig=5X.wGXtHXd9_YYZC_cgxNA--" align="left" height="127" width="130" alt="Toyota Prius vehicles are seen for sale Wednesday, March 10, 2010, in Hayward, Calif. The government sent investigators Tuesday to examine a Prius that sped out of control on a California freeway, and Toyota said it wanted to interview the driver as the besieged automaker dealt with a high-profile new headache that raised questions about the safety of its beloved hybrid. A day after state troopers helped the car slow to a stop and its driver to emerge unharmed, Toyota could shed no new light on what might have gone wrong. (AP Photo/Ben Margot)" border="0" /></a>AP - Toyota's massive recalls are prompting Congress to reconsider whether the nation's auto safety agency has lived up to its mission of protecting motorists.</p><br clear="all"/>
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The Ambitions of Prudential's Tidjane Thiam
(BusinessWeek)
| BusinessWeek - According to insiders at Prudential Plc , Tidjane Thiam, the chief executive of the insurer which said last week that it was bidding $35.5bn (23.6bn) to buy AIG's Asian insurance business is a firm believer in emotion over analysis.
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