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U.S., Mexico cooperate to catch smuggled guns

The U.S. and Mexico are launching a new program to monitoring vehicles between borders of the two countries. They are also creating a cross-border group to develop strategies for stopping the smuggled guns and drugs, officials said Thursday.

Costco to close Home stores due to slowdown

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Costco Wholesale Corp said it plans to close its two Costco Home stores on July 3, citing the current economic slowdown and resulting weakness in the home furnishings business.
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Ensign Group declares quarterly dividend

On March 16, Ensign Group Inc. the parent company of the Ensign group of skilled nursing, rehabilitative care services and assisted living companies, announced today that its Board of Directors has declared a quarterly cash dividend.
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One in 8 U.S. homeowners late paying or in foreclosure

About one in eight U.S. homeowners with mortgages, a record share, ended 2008 behind on their loan payments or in the foreclosure process as job losses intensified a housing crisis spawned by lax lending practices, the Mortgage Bankers Association said on Thursday.
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U.S. productivity plummets, factory orders fall

U.S. business productivity fell in the fourth quarter as output plunged at its fastest pace since 1982, while one in eight U.S. households ended 2008 behind on its mortgage or in foreclosure, according to data on Thursday that underscored the economy's weakness.
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One in five U.S. mortgage borrowers are underwater

One in five U.S. homeowners with mortgages owe more to their lenders than their homes are worth, and the rate will increase as housing prices drop in states that have so far avoided the worst of the crisis, a new study shows.
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American reaction mixed on Obama budget

Many Americans applauded the spending plans and tax breaks set out in President Barack Obama's record budget, while others questioned the yawning deficit it would entail.
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Top solar companies offer dour view of 2009

Three of the world's top solar power companies on Tuesday offered a dour view of the industry as it struggles with a dearth of funding options for new projects that has driven up supplies and sent prices on solar panels falling.
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Obama seeks the right tone on U.S. economy

President Barack Obama tidied up his economic message on Tuesday, reviving the hopeful Yes We Can spirit of his campaign and abandoning the Maybe We Can't impression he took to the White House.
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Obama unveils plan to tackle housing crisis

U.S. President Barack Obama pledged up to $275 billion on Wednesday to help stem a wave of home foreclosures, part of a broad effort to lift the country out of recession. Up to 9 million families would be given the chance to refinance their mortgages under the plan, administration officials said. He unveiled the plan in Arizona, a state hard hit by home foreclosures. Obama, who a day earlier sig...
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Obama unveils plan for troubled housing market

President Barack Obama on Wednesday unveiled the next step in his multi-pronged efforts to lift the United States out of recession Wednesday, pledging up to $275 billion to help stem a wave of home foreclosures that sparked the U.S. financial meltdown.
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Rapper DMX sentenced to 90 days in jail

Rapper DMX, whose real name Earl Simmons, 38, was sentenced to 90 days in jail Friday for convictions on theft, drug-possession and animal-cruelty charges.
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Giants in full force again as Clark Rejoins

San Francisco Giants' former first baseman Will Clark - one of the most popular players in history of Giants is rejoining the clubs as a special assistant in the front office.
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Garland expected to close $7M deal with Diamondbacks

The Arizona Diamondbacks have reached a preliminary agreement with agent right-hander Jon Garland A deal of one-year contract that includes a club option for 2010 that would guarantee the pitcher about $7 million.
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Diamonds suggest comets caused killer cold spell

Tiny diamonds sprinkled across North America suggest a swarm of comets hit the Earth around 13,000 years ago, kicking up enough disruption to send the planet into a cold spell and drive mammoths and other creatures into extinction, scientists reported on Friday.
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Desperate times require sensible measures

The economy is in a bad place and people are casting about, sometimes desperately, for ways to ease the crunch. I know this because of the contents of my e-mail inbox, which grows more outlandish all the time.
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Natural Gas Weekly Update - May 8

Since Wednesday, April 30, natural gas spot prices increased at most markets in the Lower 48 States. Prices at the Henry Hub rose 27 cents per million Btu (MMBtu), or about 2.5 percent, to $11.08 per MMBtu.

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