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Wall Street has finally gotten the piece of economic news it has been waiting for: the battered labor market may be starting to heal. But with major stock gauges at their highest levels in more than a year, recovery bets could already be baked into the cake.
It's a massive jamboree, with tempers on both sides of the issue running hot and no final deal in sight.
The nation's tally of 2009 bank casualties hit 130 Friday when regulators shuttered a large Ohio bank, an Illinois bank, a Virginia bank and three small Georgia banks.
Bank of America said it has priced its stock offering which it plans to use to pay back the government's bailout money.
With unemployment at 10.2%, temporary help is one of the few areas of the economy that's adding jobs: After cutting payrolls to the bone, businesses are realizing they still need to get the work done.
Throughout the recession, wealthier households "traded down" and started to shop at Wal-Mart for the first time. As a result, the world's largest retailer saw its market share in general merchandise rise as the economy went south. Wal-Mart's stock jumped 20% in 2008, but this year its shares are down about 8%, as investors anticipate a recovery that could get shoppers -- especially the compan
As one veteran Detroit observer put it, General Motors' board of directors gave Rick Wagoner an endless amount of time to flop around, but they nearly strangled his successor Fritz Henderson on a short leash.
General Electric is close to clearing a major hurdle in its path to sell control of entertainment giant NBC Universal to Comcast, according to published reports Monday.
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