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Washington Post to offer new buyouts

Washington Post Co plans to offer a new round of buyouts in 2009 to employees at its namesake, money-losing newspaper and cannot rule out layoffs, its publisher said on Thursday.

Washington Post to offer new buyouts in 2009

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Washington Post Co plans to offer a new round of buyouts in 2009 to employees at its namesake, money-losing newspaper and cannot rule out layoffs, its publisher said on Thursday.

Obama says U.S. automakers to get some aid

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President Barack Obama said on Thursday that struggling U.S. auto companies could expect some government aid if they commit to restructuring their businesses and that an announcement on the issue was coming soon.
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Wall St jumps on economy bets, Best Buy optimism

Stocks rose on Thursday as investors bet the U.S. economic downturn may be easing following reports on fourth-quarter economic growth and weekly jobless claims that landed roughly in line with expectations.
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Geithner looks to tighten grip on Wall Street

Treasury Secretary Timothy Geithner on Thursday called for broad reforms to curb risk taking on Wall Street, including a new regulator to oversee the entire financial system in a bid to restrain behavior that led to the worst credit crisis since the 1930s.
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Don't nix SEC duties for systemic regulator: Schapiro

The U.S. Securities and Exchange Commission's role as market supervisor and investor protector should not be sacrificed as Congress considers creating one entity to oversee all risk in the financial system, the head of the agency said on Thursday.
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GM says 12 percent of UAW workers take buyouts

General Motors Corp said on Thursday that 7,500 workers -- or about 12 percent of its U.S. factory workforce -- represented by the United Auto Workers union had accepted buyout offers to leave the struggling automaker's payroll.
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SEC to bolster money market fund rules

U.S. securities regulators will bolster the regulation of money market funds and the protection of investors who entrust their funds to broker-dealers and investment advisers, the chairman of the Securities and Exchange Commission told Congress on Thursday.
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Fed's Lacker: may be tough to exit Fed stimulus

Federal Reserve buying of longer-dated Treasury securities ought to lower interest rates, but this potentially inflationary stimulus may prove tough to unwind, a top Fed policy-maker said on Thursday.
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Washington Post to offer new buyouts: memo

Washington Post Co plans to offer a new round of buyouts in 2009 to employees at its namesake, money-losing newspaper, according to a memo obtained by Reuters on Thursday.
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Young Indians say no thanks to American dream

For decades, the United States beckoned as the land of opportunity for bright, young Indians, lured by the prospect of prestigious university degrees followed by jobs on Wall Street or in Silicon Valley.
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Britain to investigate possible MI5 role in torture

Britain's attorney general ordered an investigation on Thursday into whether the security services played any role in the torture of a British resident recently released from the U.S. military's Guantanamo prison.
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Obama defends strategy of tackling many issues

President Barack Obama defended his strategy of tackling multiple challenges instead of focusing solely on fixing the U.S. economy in a return on Wednesday to the political fund-raising that helped elect him.
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Wall St rises, Best Buy lifts consumer shares

Stocks rose on Thursday after strong results at Best Buy lifted consumer shares, although worries over the fate of banks emerged as details on sweeping rules to regulate the financial system were unveiled.
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U.S. fourth-quarter GDP falls 6.3 percent

The U.S. economy contracted slightly more than previously estimated in the fourth quarter, pulled down by falling consumer spending and exports, while corporate profits plunged by the biggest margin since 1994, government data showed on Thursday.
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Fed's Lockhart: Better data does not signal recovery

One month of improved data does not constitute an economic recovery and recession in the United States will last for at least a few more months, Atlanta Federal Reserve President Dennis Lockhart said on Thursday.
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Xing sees potential for growth

Online social network Xing plans to more than double its number of members in German-speaking markets in the coming years as it expands in Europe and creates new jobs.
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House panel approves $3.45 trillion budget

A key congressional committee on Wednesday approved a $3.45 trillion budget framework for next year that embraces many of President Barack Obama's priorities but spends slightly less than he sought.
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Wall St set for higher open, Best Buy rises

Wall Street was set for a higher open on Thursday as reports on economic growth and jobless claims came in roughly as forecast, while shares of Best Buy jumped after its results beat expectations.
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Best Buy shares up on Q4 results

Best Buy Co posted a 23 percent drop in quarterly profit on Thursday, but its adjusted results topped Wall Street estimates, helped by better-than-expected consumer demand and strong sales of mobile phones.

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