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News 4 new results for finance

Unemployment stays at 9.6% as schools, governments slash jobs Los Angeles Times By Don Lee, Los Angeles Times A sharp falloff in local-government payrolls, mostly at public schools, added an ominous new weight to the depressed labor market last month as the American economy lost 95000 jobs and the unemployment rate remained at ... See all stories on this topic »

Could disputes over currency levels lead to a depression? BBC News The head of the International Monetary Fund, Dominique Strauss-Kahn, is to present IMF members with a new initiative at their meeting in Washington. He hopes to resolve disputes that have led to warnings of a currency war, as countries try to make ... See all stories on this topic »

Dollar Drops for a Fourth Week on Bets Federal Reserve Will Buy More Debt Bloomberg By Allison Bennett - Sat Oct 09 04:00:25 GMT 2010 The dollar fell against the euro for a fourth week in the longest stretch of losses in almost two years as bigger-than-expected US job cuts spurred speculation that the Federal Reserve will buy more ... See all stories on this topic »

Ackman is shopping for JC Penney profits New York Post By JAMES COVERT The activist investor -- who famously choked up after he lost an expensive proxy battle last year against cheap-chic retailer Target -- is now threatening to pick a fight with JC Penney. Shares of the middle-market department store ... See all stories on this topic » New York Post

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