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Fed ruling: Attorney talk confidential(CNN)
Responding to intense criticism from corporations, legal groups, and key members of Congress, the Justice Department announced Thursday that federal prosecutors will no longer be able to strong-arm corporate targets to reveal protected conversations with their attorneys.
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Captain's Blog, Stardate: 8/28/08(CNN)
WHERE ARE WE? An interesting point in time right now. The dollar has climbed while commodity prices (i.e., OIL), have fallen. The question is: Are these aberrations, small counter-moves only temporarily interrupting a much larger trend? Or are these moves a significant reversal? In the case of the dollar, I would be surprised if the dollar makes a major sustained move higher.
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Dell's earnings slip despite rising sales(CNN)
Personal computer maker Dell Inc. reported fiscal second-quarter earnings that fell from a year ago and missed Wall Street's expectations while sales in the quarter topped forecasts.
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Passengers stranded after Zoom planes grounded(CNN)
Read full story for latest details.
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Lehman to lay off 1,500(CNN)
Lehman Brothers, the once high-flying investment bank hit hard by the real estate crisis, is planning to lay off 1,500 workers, a source within the company confirmed Thursday.
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Gulf oil braces for Gustav(CNN)
With Tropical Storm Gustav setting its sights on the Gulf of Mexico, oil facilities in the region are facing their first major threat since 2005, when Hurricanes Rita and Katrina knocked out nearly every barrel of oil production and sent prices soaring to then-record levels.
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Boeing to send final proposal to union(CNN)
Read full story for latest details.
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New York housing shines - for now(CNN)
At a time when most housing markets continue to sour, the Big Apple remains in a relative sweet spot. Whether it can stay there may go a long way toward determining how much longer the economy remains in a funk.
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Dollar rises on stronger GDP, falling oil(CNN)
The dollar rose against major foreign currencies Thursday as investors cheered a sharp drop in oil prices and a robust quarterly reading on the U.S. economy.
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What the 'problem bank' list doesn't say(CNN)
The government's latest assessment of the nation's financial system showed that many more small banks are in trouble. But what the report didn't say may speak volumes.
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Bonds fall on strong GDP(CNN)
U.S. Treasury prices fell slightly Thursday after a revised reading on second-quarter GDP showed a better-than-expected jump and the government auctioned off $22 billion of 5-year notes.
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Katrina survivors mired in taxes and red tape(CNN)
The dunking booth is always the most popular attraction at the Broadmoor Fest, a neighborhood carnival held every year since Hurricane Katrina to celebrate the survival of one of the Crescent City's low-lying, flood-ravaged districts. At recent fairs FEMA officials were favorite targets in the booth; this year, though, everyone was waiting in line to soak a city tax assessor.
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Fannie and Freddie shares rise again(CNN)
Read full story for latest details.
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Inside the Obama Hollywood crush(CNN)
You can't walk within shouting distance of the Pepsi Center here without sighting Ben Affleck, Eva Longoria, Stephen Spielberg or Melissa Etheridge.
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Sick of the 'R' word(CNN)
Are we in a recession or not? And if we are, when did it begin? I don't know about you, but I'm tired of the recession debate. Does it really matter if this current economic period ever (or never) gets labeled a recession?
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Big rally on Wall Street(CNN)
Stocks jumped Thursday, with the Dow and S&P 500 rising for the third straight session thanks to lower oil prices, a surprisingly strong reading on second-quarter economic growth, and a rally in the financial sector.
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Don't sabotage your job hunt: 6 tips(CNN)
It's a perfectly natural reaction: You lose your job and, in a panic, you immediately start calling and e-mailing your network and answering Internet job ads. The trouble is that, understandable as that course of action is, it's unlikely to get you where you want to go. Instead, take a deep breath, slow down, and chill. Then, make a plan.
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