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Wall Street rises as data spurs optimism

Stocks rose on Wednesday as data on home sales and manufacturing added to hopes that the economic slump was moderating, prompting investors to scoop up bank shares.

Disney U.S. parks cutting jobs, seeking efficiencies

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The Walt Disney Co has cut an undisclosed number of workers at its domestic parks this month in a previously announced plan to consolidate behind-the-scenes operations for Walt Disney World in Florida and Disneyland in California, a spokesman said.

World's Strangest Laws

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Driving shirtless, drinking juice in public, or just forgetting to flush the loo: Here are 10 odd laws that can get you in trouble around the world. When studying...
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Wilbur Ross sees more banking failures

Investor Wilbur Ross, who made a fortune snapping up distressed companies, said on Thursday he expects as many as 800 more U.S. banks to fail in the next few years.
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Madoff to appeal bail, net worth revealed

Lawyers for jailed swindler Bernard Madoff argued for his release pending sentencing and a list of assets put he and his wife's net worth between $823 million and $826 million, according to court papers filed on Friday.
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Cash-hungry US states turn to Web to auction goods

U.S. municipalities, strapped for cash as the recession decimates revenues, are stepping up sales of everything from old police cars, helicopters and bicycles to confiscated jewelry and slot machines in an effort to reduce swollen deficits.
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NASA hopeful on Sunday shuttle launch

NASA said there is a high probability of sending its shuttle Discovery to the international space station on Sunday after delaying it for over a month while they fixed a fuel leak.
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Nasa's Space Shuttle Mission Briefing

Nasa's Space Shuttle Discovery (STS-119) will blast off today from the Kennedy Space Center in Florida at 9:20 p.m. PST on a 14-day mission to complete International Space Station.
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From Madoff to Stanford, sleuths chase assets

While accused hedge fund swindler Arthur Nadel sits in a Manhattan jail, Burton Wiand is busy seizing control of his assets -- a 453-acre mountainside tract of land in North Carolina, several airplane hangars and a jumble of bank accounts.
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Best Affordable Beach Resorts

Fashionable beach retreats and bargains aren’t always mutually exclusive. From a sandy retreat in Mexico to a shingled Cape Cod inn, here are our favorites for $250 or less...
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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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Consumer spending, incomes rebound in January

U.S. consumer spending rebounded in January, snapping six months of declines, and incomes rose unexpectedly, boosted by salary increases for government employees, a government report showed on Monday.
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Yahoo offers tools to help marketers

Yahoo introduced several tools on Tuesday that it says will help marketers target their ads more efficiently at a time when many of them are cutting advertising spending drastically. One of the new products lets marketers target people with tailored display ads based on the terms they used in Yahoo's search engine. Another tool customizes display ads based on the websites people have visited an...
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Is Chavez on his way to dictatorship?

Venezuelan President Hugo Chavez on Sunday won a referendum eliminating term limits opening a way for him run again as president in 2012 and possibly for many years to come.
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P&G sticks to plans despite recession

Procter & Gamble Co said on Thursday it will continue to sell products at a wide variety of price points to keep consumers interested in its brands during the recession. We are focused on how consumers define value, regardless of the economic situation they're in, Chairman and Chief Executive A.G. Lafley said at the Consumer Analyst Group of New York conference in Boca Raton...
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U.S. stimulus crucial for smart grid: industry

The electric power industry and manufacturers say $4.5 billion in the $787-billion U.S. economic stimulus package will give a crucial boost to smart grids that will help the nation save money and electricity.
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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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