UNITED STATES

London share index rises 0.5 percent

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On Wednesday, London stocks closed slightly higher than expected despite the doubts and skepticism of worldwide investors of the viability of the U.S. governments' latest rescue plan for the struggling financial industry.
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Bank bailout gets overhaul

The Obama administration, through the Treasury Department, unveiled a renamed three part Financial Stability Plan to allow currently immobilized parts of the U.S financial industry to allow the flow of money to begin with support from the Federal government.
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Intel invests $7 Bln in faster, smaller chips

Intel Corp., the world's largest chip maker, plans to spend $7 billion upgrading its U.S. factories over the next two years in spite of tough economic conditions, the company said Tuesday.
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GM cuts 10,000 jobs

General Motors said on Tuesday that it will cut its global work force by nearly 10,000, or 14 percent, this year and impose pay cuts on most of the remaining jobs
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U.S. Wrestles Economic Crisis with Jobs, Tax Cuts, Bank Bailout

The U.S. government's efforts to combat a declining economy and a financial industry burdened with heavy debts is reaching its climax this week as President Obama Barack Obama and Congress will put into motion plans to create or maintain jobs, provide tax cuts to consumers and businesses while making an attempt to free up the credit markets.
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Fears of more job cuts for GM and Chrysler

Across General Motors Corp. and Chrysler LLC there are fears of more plant closures and job cuts as the companies approach the February 17 deadline to show government they have viability capabilities.
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USA Track & Field under evaluation

On Monday, February 9, the Project 30 Task Force issued a final report to analyze the USA Team performance in Beijing five months ago.
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Delphi Corp. plants to be reclaimed

General Motors Corp. is seeking to acquire some Delphi factories that make key parts for GM and the two companies are set to be in talks on Monday a source familiar with the negotiation proceedings said.
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Obama takes stimulus pleas to hurting cities

President Barack Obama is taking trips to two cities in Indiana and Florida hurting under the economic crisis to make his case for the large economic stimulus package that is facing opposition in Congress.
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Americans focus on economy, favor stimulus: polls

As a Senate vote to approve an $827 billion economic stimulus package looms, a majority of Americans have not only made the economy and jobs their top priority but they have been fairly consistent in favoring legislation which is meant to give a boost to both at a time of financial crisis for the nation.
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Senate stimulus vote close as Obama urges action

The Senate is set to vote on President Barack Obama's stimulus package as soon as tonight as centrists and Republicans sought last minute spending cuts to reduce its size, which has grown to more than $900 billion.
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Senate stimulus vote near as Obama urges action

The Senate is set to vote on President Barack Obama's stimulus package as soon as tonight as centrists and Republicans sought last minute spending cuts to reduce its size, which has grown to more than $900 billion.
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What is the Economic Advisory Board?

President Barack Obama signed an order Friday to create the Economic Recovery Advisory Board, a group of leaders with former Federal Reserve Chairman Paul Volcker as head that will discuss ideas and solutions to help the weakening U.S. economy.
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What will Obama's Economic Advisory Board do?

President Barack Obama signed an order Friday to create the Economic Recovery Advisory Board, a group of leaders with former Federal Reserve Chairman Paul Volcker as head that will discuss ideas and solutions to help the weakening U.S. economy.

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