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Big Three survival bailout requests rise to $34B
Humbled and fighting for survival, Detroit's once-mighty automakers appealed to Congress with a retooled case for a bailout as large as $34 billion Tuesday, pledging to slash workers, car lines and executive pay in return for a federal lifeline.
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Wall Street rebounds after big drop
In a session that showed more indecision than conviction, the stock market rebounded Tuesday from the previous day's massive decline. The Dow Jones industrials rose 270 points after fluctuating sharply, and all the major indexes rose more than 3 percent.
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November sales may fall despite Friday's buying
Shopping binges on the day after Thanksgiving were likely not enough to save a dismal November for retailers, leaving them with what's expected to be a second straight monthly sales drop and fueling concerns about how much consumer spending can fall.
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U.S. auto sales dropped to 26-year low last month
U.S. light vehicle sales at General Motors and Chrysler plunged more than 40 percent in November, while Ford's sales dropped 31 percent, battered by an economic storm that has sent consumer demand for new vehicles to the lowest level in more than 26 years.
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Triangle jobless rate dips a bit – but good news may not last long
The Raleigh-Cary and Durham metro areas remain well below the statewide unemployment rate of 7 percent. However, an NCSU economist says the recession likely will lead to more people out of work before things look up.
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- Financing in place for downtown tower
Posted Dec. 2 6:32 p.m. - Insurance rise at coast could help protect plan
Updated Dec. 2 8:00 p.m. - TVA seeks 2,000 megawatts of clean energy
Updated Dec. 2 7:34 p.m. - Blackwater holding anti-piracy meetings in London
Updated Dec. 2 4:11 a.m. - Furniture company to layoff nearly 400 workers, mothball N.C. plant
Updated Dec. 2 6:44 a.m.
- Financing in place for downtown tower
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- Franklin County drops in state’s county-by-county rankings
Updated Dec. 2 11:00 a.m. - Raleigh-based AstroTurf, Reebok team up for shoe-turf study
Updated Dec. 2 10:57 a.m. - Illinois firm to add 79 jobs at N.C. automated equipment control device plant
Dec. 1, 2008 - Philanthropy Journal to present seminar on women and giving
Posted Dec. 2 8:15 a.m.
- Franklin County drops in state’s county-by-county rankings
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- Yahoo shares climb on hopes for $30B takeover bid
Updated Dec. 2 5:33 p.m. - Retailers offer deals, discounts on 'Cyber Monday'
Dec. 1, 2008 - Fuel-cell powered devices getting closer
Dec. 1, 2008 - Regulators reject FCC cell tower backup rules
Updated Dec. 2 6:38 a.m. - Clearwire to market WiMax under "Clear" brand
Dec. 1, 2008
- Yahoo shares climb on hopes for $30B takeover bid
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- Most Asian markets rise after Wall Street rebound
Posted 5 minutes ago - Oil rises slightly after plunging to 3-year low
Posted Dec. 2 11:21 p.m. - China reluctant to invest in foreign banks
Updated Dec. 2 11:47 p.m. - Nov. auto sales sink to worst level since 1982
Updated Dec. 2 9:40 p.m. - Auditors fault Treasury oversight of bailout funds
Updated Dec. 2 7:57 p.m. - US automakers ground jets for trip to Washington
Posted Dec. 2 7:01 p.m. - Beazer Homes 4Q loss balloons as revenue plunges
Updated Dec. 2 5:40 p.m.
- Most Asian markets rise after Wall Street rebound
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- Body-swap illusion tricks mind in new study
Updated Dec. 2 4:02 p.m. - Search for ivory-billed woodpecker to begin anew
Posted Dec. 2 5:02 a.m. - Dirty teeth reveal ancient diet
Dec. 1, 2008 - Space shuttle glides to safe landing in California
Dec. 1, 2008 - Food crunch opens doors to bioengineered crops
Nov. 30, 2008
- Body-swap illusion tricks mind in new study
- Philanthropy Journal
- Canadian companies shift giving approach
Posted Dec. 2 8:13 a.m. - Bridgespan Group revamps website
Posted Dec. 2 8:13 a.m.
- Canadian companies shift giving approach
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