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Thursday, July 2, 2009 12:00 AM PDT

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Today's Business News: June jobless rate seen rising to 9.6 percent GM urges quick approval of sale plan Asia stocks up amid caution ahead of US job report Companies pledge more openness about Web tracking Manhattan apartment prices skid 13 to 19 percent Mood mixed among Asian shares Hotel stocks trade mixed after sector downgrade DemandTec posts wider 1Q loss Sweden kicks off EU presidency in institutional fog Fannie, Freddie ease terms for mortgage refinance Meltdown 101: Shuttered stores' sites still sell Home Sales Perk Up, but Expensive Houses Languish Sri Lanka raises fuel prices by 11 percent AIG to sell consumer finance unit in Colombia Gov't foreclosure help will reach more homeowners The Family Doctor: A Remedy for Health-Care Costs? Fed Holds Rates Steady June jobless rate seen rising to 9.6 percent Wed, 1 Jul 2009 10:07 pm PDT AP - Out-of-work with no place to land, the legions of America's unemployed are growing. Full Story Top GM urges quick approval of sale plan Wed, 1 Jul 2009 09:18 pm PDT AP - Facing a July 10 government funding cutoff, General Motors Corp. is calling for quick approval of its bid to sell its "good" parts into a new company and emerge from bankruptcy protection. Full Story Top Asia stocks up amid caution ahead of US job report Wed, 1 Jul 2009 11:24 pm PDT AP - Asian stocks were mostly higher Thursday, but buying was restrained by caution ahead of a key U.S. jobs report that could shed light on the pace of recovery in the world's largest economy. Full Story Top Companies pledge more openness about Web tracking Wed, 1 Jul 2009 09:14 pm PDT AP - Companies that track consumer behavior online for advertising purposes are vowing to make their practices more transparent and to give people a way to decline being shadowed. Full Story Top Manhattan apartment prices skid 13 to 19 percent Wed, 1 Jul 2009 09:13 pm PDT AP - Apartment prices in the typically resilient Manhattan market plunged in the second quarter by the largest annual amount in decades, data released Thursday showed. Full Story Top Mood mixed among Asian shares Wed, 1 Jul 2009 12:02 am PDT Reuters - Asian stock markets put in a mixed performance on Wednesday, with Seoul gaining but Tokyo and Sydney weak as data showed the process of swinging the global economy around to a recovery would be a slow grind. Full Story Top Hotel stocks trade mixed after sector downgrade Wed, 1 Jul 2009 11:47 am PDT AP - Hotel companies' shares were mixed on Wednesday afternoon after a Barclays Capital analyst, calling herself "extremely bearish," downgraded the lodging sector and said an industry recovery is likely to lag far behind an economic recovery. Full Story Top DemandTec posts wider 1Q loss Wed, 1 Jul 2009 03:16 pm PDT AP - Price-management software company DemandTec Inc. posted a wider net loss Wednesday for its fiscal first quarter, hurt by charges and higher costs even as revenue inched higher. Full Story Top Sweden kicks off EU presidency in institutional fog Wed, 1 Jul 2009 11:13 am PDT AFP - Sweden kicked off its six-month European Union presidency Wednesday amid fears the bloc's unresolved institutional woes may overshadow its priorities of tackling climate change and the economic crisis. Full Story Top Fannie, Freddie ease terms for mortgage refinance Wed, 1 Jul 2009 02:57 pm PDT Reuters - The Obama administration on Wednesday expanded its foreclosure prevention efforts to help a greater number of underwater homeowners refinance their mortgages. Full Story Top Meltdown 101: Shuttered stores' sites still sell Wed, 1 Jul 2009 12:59 pm PDT AP - Circuit City. Linens 'N Things. Bombay Co. They're all out of business, their stores shuttered, many employees laid off. Full Story Top Home Sales Perk Up, but Expensive Houses Languish Wed, 1 Jul 2009 11:10 am PDT Time.com - Home sales are improving lately, but it's the small starter homes that sell, while big expensive houses go unloved Full Story Top Sri Lanka raises fuel prices by 11 percent Wed, 1 Jul 2009 11:45 pm PDT AFP - Sri Lanka on Thursday raised retail fuel prices by up to 11 percent in a bid to offset higher crude oil import costs, the government said. Full Story Top AIG to sell consumer finance unit in Colombia Wed, 1 Jul 2009 02:10 pm PDT AP - American International Group Inc. on Wednesday said it agreed to sell all of its ownership interests in its consumer finance operations in Colombia, the latest in a recent string of asset sales by the embattled insurer to bolster its finances. Full Story Top Gov't foreclosure help will reach more homeowners Wed, 1 Jul 2009 10:22 am PDT AP - The Obama administration is expanding a program to stave off foreclosure for borrowers who owe more than their homes are worth. Full Story Top The Family Doctor: A Remedy for Health-Care Costs? Wed, 1 Jul 2009 05:08 am PDT BusinessWeek Online - The primary-care doctor is gaining new respect in Washington. Battles may be breaking out left and right over the various health-care bills emerging from Congress, but reformers on both sides agree that general practitioners should be given a central role in uniting the fragmented U.S. medical system. Full Story Top Fed Holds Rates Steady Wed, 1 Jul 2009 05:08 am PDT BusinessWeek Online - With signs the economy is improving but still fragile, Federal Reserve policymakers held the Fed funds rate steady -- at zero to 0.25% -- on June 24, and maintained its pace of purchases of government debt at mortgage-backed securities. Full Story Top

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