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Senate passes $149 bln for jobless aid, tax breaks

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.

Best Buy bets on 3D TV, but no quick payoffs seen

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While James Cameron's 3D sci-fi epic Avatar took the box office by storm instantly, the road to success will be much longer for Best Buy Co Inc, which is making a big bet on 3D televisions this year.
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World's mega-rich adding wealth, Carlos Slim No. 1

Mexican tycoon Carlos Slim is the world's richest person, knocking Microsoft founder Bill Gates into second spot, as the wealth of the world's billionaires grew by 50 percent over the last year, Forbes magazine said on Wednesday.
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BofA under regulatory pressure to shrink: report

Regulators have told Bank of America Corp Chief Executive Brian Moynihan and other executives that the largest U.S. bank by assets must become much smaller, Fox Business Network's Charlie Gasparino reported on Wednesday.
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BofA overdraft fee change will bring lower revenue

Bank of America Corp Chief Executive Brian Moynihan said on Wednesday the company's decision to eliminate overdraft fees on debit card transactions will give up a lot of revenue for the largest U.S. bank by assets.
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Private sector eyes opportunity in Haiti rebuilding

Rebuilding Haiti after its catastrophic earthquake should generate major contracts for private companies specializing in construction, logistics, transport and security, but U.S. executives say they need a clear reconstruction strategy to shape their business plans.
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Wholesale inventories fall, restocking expected

U.S. wholesale inventories fell unexpectedly in January and sales hit their highest in more than a year, suggesting businesses will soon need to begin restocking, which would support economic growth.
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Sen Corker: no exemptions in new watchdog bill

An influential Republican in U.S. Senate talks on financial regulatory reform said on Wednesday there are no special exemptions for particular institutions in a proposed new government financial watchdog agency.
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Sebelius piles pressure on insurers

Health Secretary Kathleen Sebelius ratcheted up the pressure on health insurance companies on Wednesday, urging them to forgo short-term profits to make coverage more affordable and to stop fighting the Obama administration's reform effort.
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Banks, tech lead Wall Street higher

Bank and technology shares lifted Wall Street on Wednesday on hopes the sectors may be poised for a recovery as the U.S. economy improves.
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Geithner vows to continue financial stabilization

Treasury Secretary Timothy Geithner on Tuesday said the Obama administration's strategy to halt recession and contain the financial crisis has been effective, but vowed to continue stabilization efforts.

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