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The depth of the economic slump better explains why the jobless rate doubled, climbing from 5 percent at the start of the downturn to a 26-year high 10.1 percent in October 2009. NEW YORK (Dow Jones)--US stocks fell in volatile trading as investors reacted to a blur of debt-ceiling developments that left the market uncertain over the course of Washingtons ... The dollar has taken a beating against the Swiss franc and Japanese yen this year as investors worry about the lack of an agreement to raise the debt ceiling. NEW YORK (Dow Jones)--Gold broke records and silver climbed as the US debt-ceiling stalemate drove market tension to a fever pitch Friday. NEW YORK/SAN FRANCISCO, July 29 (Reuters) - Chevron Corp (CVX.N), the second-largest US oil company, booked a 43 percent jump in quarterly profit, beating estimates as high oil prices and fat refinery margins offset ... TORONTO (Dow Jones)--Canadian government bond prices were stronger at the close Friday, with investors eyes on the US debt-ceiling talks ahead of the long weekend in Canada. By Shayndi Raice Groupon is the latest daily deal site to partner with Foursquare, after the location-based start-up began its first efforts at making money by teaming up its check-in services with group coupon sites. MG Siegler has been writing for TechCrunch since 2009. He covers the web, mobile, social, big companies, small companies, essentially everything. Yahoo and Chinese internet company Alibaba have reached an agreement over its online payment service Alipay. On Tuesday, Yahoo said Alibaba - in which Yahoo owns a stake - had spun off its online payment service Alipay without informing it. The sign on a Bank of America ATM machine is pictured in downtown Los Angeles October 8, 2010. By Jonathan Stempel NEW YORK (Reuters) - Bank of America Corp (BAC. Currently, a section of the Colorado River and a small portion of the Navajo Reservoir are the only protected waters in the state under the Clean Water Act. The US Treasury Department told major bond dealers on Friday it may have to cancel or postpone plans for its major quarterly round of debt issuance if Congress fails to raise the nations borrowing limit by Aug. 2. In a hastily organized meeting at the ... Oil glided lower in the week, weighed down by sluggish economic growth and jitters over the outcome of the debt ceiling debate in Washington. By AP , 07.29.11, 02:33 PM EDT Drugmaker Merck amp; Co. said Friday that it plans to eliminate up to 13000 more jobs because of worsening competition from generic drugs, pricing pressures in the US and Europe, and other factors. ConocoPhillips will begin oil exploration in Arapahoe, Adams, Elbert and Douglas counties as a result of an agreement to acquire up to 46000 leasehold acres from the Lario Oil amp; Gas Co. RIO DE JANEIRO -(MarketWatch)- Brazilian mining giant Vale (VALE, VALE5.BR) is very positive about prospects for the global iron ore market over the next five years, with growth in China leading demand and offsetting sluggishness in ... AP , 07.29.11, 02:30 PM EDT NEW YORK -- Shares of Genworth Financial Inc. rose Friday after CEO Michael Fraizer said the company was readying itself for a possible split. AP Boeings newest passenger plane arrived at the Experimental Aircraft Association convention Friday and opened for public tours for the first time.
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