IBT Staff Reporter

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New York's economy seen lagging U.S. recovery

New York and New Jersey's economies will likely lag the United States' recovery from its deep recession, due to the importance of the hard-hit financial services sector for the region, economists at the New York Federal Reserve wrote in a report released on Monday.

NY Times columnist William Safire dead at 79

William Safire, the former speechwriter for Richard Nixon who won a Pulitzer Prize for columns on politics and language for The New York Times, died on Sunday, the newspaper said. He was 79.

Opera urges EU exec not to rush Microsoft case

Norwegian browser maker Opera urged European Union antitrust regulators on Monday not to rush to close its antitrust case against Microsoft before ensuring a level playing field among browsers.

U.S. Hispanics lag in health insurance: study

Six out of 10 U.S. Hispanic illegal immigrants lack health insurance, more than twice the rate for legal Latino residents and citizens and three times the average for the population as a whole, a study released on Friday showed.

Apple Breaks Through 2 Billion Apps Mark

Apple announced Monday that over 2 billion apps have been downloaded from its App Store since the e-commerce site's launch in July 2008, and the pace continues to accelerate, according to chief executive Steve Jobs.

Yom Kippur history

Yom Kippur begins at sunset Monday will mark the end of the Jewish High Holy Days after it began with Rosh Hashana 10 days ago.

Oct flu vaccination to be a little bumpy: U.S.

A top U.S. health official says the first weeks of October are going to be a little bumpy as the government distributes the supply theswine flu vaccine ready next week -- knowing it will not be enough.

Abbott, J&J to bulk up in Europe, vaccines

U.S. healthcare companies Abbott Laboratories and Johnson & Johnson announced deals worth almost 5 billion euros ($7.3 billion) with European rivals on Monday, aimed at securing vaccines and other products key to future growth.

EU, U.S. eye OECD-China tax pact on green goods

The European Union and the United States are holding talks on agreeing a pact with OECD countries and China to eliminate duties on green goods as part of incentives to Beijing in a potential global climate deal.

Promises? Leaders must act to spur climate talks

World leaders pledged last week to step up efforts to reach a U.N. deal to fight climate change, but they will have to match rhetoric with rapid action to break a crippling deadlock before a December deadline.

Thailand closer to 3G, foreign shareholders a problem

Thailand is moving closer to a long-awaited auction for third-generation mobile phone licences, now expected in the second week of December, but the issue of foreign shareholders in telecom firms may derail the process.

Zumiez raises Q3 earnings outlook, shares rise

Skate and snow-boarding inspired retailer Zumiez Inc lifted its third-quarter earnings outlook, citing better-than-planned sales and product margins, sending its shares up as much as 8 percent.

Heavy lifting ahead for Obama on diplomatic agenda

After his efforts at diplomacy on the international stage last week, President Barack Obama faces some particularly daunting foreign policy decisions about the Afghan war, a nuclear Iran and an elusive Middle East peace.

TerniEnergia to exceed 2009 solar targets

MILAN - Italian renewable energy company TerniEnergia is set to exceed its 2009 target for new solar installations and may review 2010 and 2011 goals aiming to expand in the rapidly growing market, its chairman told Reuters.

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