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Fox: No TV network layoffs in sight

The television network Fox entertainment president, Kevin Reilly, said Tuesday the network is not planning massive layoffs despite tough times in the entertainment industry and the overall economy.
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Bernanke says economic stimulus may not be enough

Federal Reserve chairman Ben Bernanke said Tuesday that the fiscal stimulus package by President-elect Barak Obama would significantly boost for the stagnant U.S. economy, however he warned it won't be enough to last for the long term unless other steps are taken to stabilize the shaky financial system.
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UN chief to urge leaders in person on Gaza cease fire

United Nations Secretary-General Ban Ki-moon on Monday said he's embarking on a Mideast tour to press for Israel and Hamas to immediately stop fighting and allow humanitarian aid into the devastated Palestinian territory.
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Obama, Bush team up to access $350 bln bailout fund

On behalf of President-elect Barack Obama, President Bush on Monday said he has agreed to ask Congress for the second half of a $700 billion financial bailout fund. The timing of the request means that Obama may have the funds at his disposal by the time he is inaugurated as President in one week.
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Bush admits mistakes, but no regrets

President Bush held his final White House press conference on Tuesday where he candidly addressed issues from pressing bailout decisions in his final days as president necessary to mistakes he made during his presidency.
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Daily Forex Commentary - 13/01/2009

Australian Dollar: After opening the week above 70 cents the Aussie dollar swiftly retreated in early morning trade as investors remained nervous following Friday's U.S employment report.
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Obama pledges transparency on bailout spending

President-elect Barack Obama pledged on Sunday to maintain transparency and track the next $350 billion of the economic stimulus package which he said will target credit flow to businesses and families. He also said his team is making principles on how the remaining part will help in terms of housing and target small businesses.
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Ford announces electric car in U.S.for 2011

Ford Motor Co., the No. 2 US based automaker, announced on Sunday that it would collaborate with Magna International to introduce a small electric car in North America in 2011 as part of a plan to introduce electric, hybrid and plug-in hybrid vehicles over the next four years.
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Ford announces small electric car in U.S.for 2011

Ford Motor Co., the No. 2 US based automaker, announced on Sunday that it would collaborate with Magna International to introduce a small electric car in North America in 2011 as part of a plan to introduce electric, hybrid and plug-in hybrid vehicles over the next four years.
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Autos Go Electric at North America Auto Show

Automakers showed off their plans for electric and hybrid autos set to go on sale in the coming years, as fuel efficient vehicles gained a bigger showcase in this year's North American International Auto Show. The vehicles highlighted at the show include planned pure electric vehicles, and electric-gas hybrids.
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Autos Go Electric at North America International Auto Show

Automakers showed off their plans for electric and hybrid autos set to go on sale in the coming years, as fuel efficient vehicles gained a bigger showcase in this year's North American International Auto Show. The vehicles highlighted at the show include planned pure electric vehicles, and electric-gas hybrids.
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Top economists say recession will end in 3Q 2009

The U.S. economic recession would officially end in the third quarter of 2009, according to polled economists from top financial firms. A return to normal levels of growth is expected by 2010.
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Daily Commentary - 12/01/2009

Australian Dollar: The Aussie dollar drifted lower in local trade on Friday after posting a high of 0.7130 in early morning trade.
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Lloyds to pay $350 million in sanctions case

On Friday British-based Lloyds TSB Bank agreed to pay a 350 million dollar penalty to settle an investigation for illegally authorizing access by Iran and Sudan in to the US financial system.

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