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Unemployment up
The nation's unemployment rate edged back up to 5.7 percent in October as businesses cut 5,000 jobs.
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Tax break
Investing losses hurt, but they can help taxpayers who know how to harvest the deductions.
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Boom excesses
While the numbers may show Silicon Valley's economy is back to pre-boom levels, full recovery will be slower because of overexpansion during the glory days.
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Judge signs off on settlement; Microsoft execs get compliance warning
A federal judge on Friday accepted nearly all the provisions of an antitrust settlement between Microsoft Corp. and the Justice Department but warned top company executives that she will hold them individually responsible for complying with her instructions.
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By Ted Bridis,
The Associated Press,
11/02/2002 03:01 AM EST)
Treasury considers simplifying tax codes
The Treasury Department is studying ways to revamp the tax system, perhaps by taxing spending instead of earnings. Republicans say the exercise is aimed at enhancing fairness and simplicity; Democrats say it's driven largely by politics.
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By Alan Fram,
The Associated Press,
11/02/2002 03:01 AM EST)
Bad news fails to sway investors
Wall Street shook off a trio of disappointing economic reports and forged ahead with its fall rally Friday, posting a fourth consecutive weekly win for the first time in more than two months.
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The Associated Press,
11/02/2002 03:01 AM EST)
Business Briefing
ALTOONA -- Sheetz Inc. was recently named as one of the best places to work in Pennsylvania. The Best Places to Work in Pa. program is made up of 100 companies split into two groups: 50 medium-sized companies (50 to 250 employees) and 50 large-sized companies (more than 250 employees). Sheetz Inc. has been named one of the Best Places to Work in Pa. in the large category.
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11/02/2002 03:01 AM EST)
October jobless rate climbs
The nation's unemployment rate climbed to 5.7 percent in October as businesses slashed payrolls for a second straight month, raising new concerns about the durability of the nation's economic recovery.
(
By Leigh Strope,
The Associated Press,
11/02/2002 03:01 AM EST)
US Airways posts hefty loss, continues to furlough
Bankrupt US Airways lost $335 million in the third quarter of 2002 despite severe cost cuts that have included thousands of layoffs, the company said Friday.
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By Matthew Barakat,
The Associated Press,
11/02/2002 03:01 AM EST)
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| TOP NATIONAL BUSINESS STORY |
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West Coast longshoremen reach tentative deal
West Coast longshoremen and shipping companies reach an important, albeit tentative, agreement Friday on the use of technology, the major sticking point in their bitter contract talks, a federal mediator said.
By JUSTIN PRITCHARD / Associated Press
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BUSINESS UNUSUAL
Tonya Hot Sauce has skater fired up
Tonya Hot Sauce features an unflattering caricature of disgraced figure skater Tonya Harding. "Not for the weak-kneed," reads the label. "Guaranteed to assault your taste buds. It's a lead-pipe cinch you'll love it."
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Judge OKs most Microsoft provisions
Microsoft won a resounding victory Friday as a federal judge conditionally approved the Bush administration's antitrust settlement agreement, and largely rejected nine states' efforts to impose tougher sanctions against the company for violating antitrust laws.
By Heather Fleming Phillips / Mercury News Washington Bureau
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| Updated Saturday, Nov 02, 2002 | |
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