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Thursday, November 26, 2009 12:01 AM PST

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Today's Business News: Asian stocks fall as dollar slides; gold at record Toyota slashes bonuses for managers by 20 percent China says premier will attend climate summit Dollar falls to 14-year low vs yen, touching 86.51 Oil falls to near $77 amid mixed demand signs European stocks rise, FTSE shrugs off recession data Deere reports 4Q loss on charges, lower sales Tiffany raises outlook as 3Q profit comes in ahead British economy shrinks, but edges towards recovery Fannie Mae to tighten lending standards: report No Thanksgiving rest for retailers in sales race Jobless Claims Fall While Home Sales, Consumer Buys Rise Trends & Innovations - Wednesday Startups play matchmaker to challenge mutual funds Housing data points to rocky rebound Business School Concentrations: Is More Better? Checking the Health of the Housing Recovery Asian stocks fall as dollar slides; gold at record Wed, 25 Nov 2009 10:19 pm PST AP - Asian stock markets dropped Thursday as mostly positive economic news in the U.S. failed to inspire investors and the dollar tumbled to a 14-year low against the Japanese yen. Full Story Top Toyota slashes bonuses for managers by 20 percent Wed, 25 Nov 2009 10:44 pm PST AP - Toyota is slashing bonus pay for managers as the Japanese automaker tackles a massive recall in the U.S. and deep losses for the second straight fiscal year. Full Story Top China says premier will attend climate summit Wed, 25 Nov 2009 11:37 pm PST AP - China says Premier Wen Jiabao will take part in next month's Copenhagen climate summit. Full Story Top Dollar falls to 14-year low vs yen, touching 86.51 Wed, 25 Nov 2009 10:18 pm PST AP - The dollar tumbled to 14-year low against the Japanese yen Thursday after indications U.S. interest rates will remain low and that the Federal Reserve isn't overly concerned about the dollar's slide. Full Story Top Oil falls to near $77 amid mixed demand signs Wed, 25 Nov 2009 10:07 pm PST AP - Oil prices fell to near $77 a barrel Thursday in Asia amid mixed indications about the strength of global crude demand. Full Story Top European stocks rise, FTSE shrugs off recession data Wed, 25 Nov 2009 03:57 am PST AFP - European equities rose on Wednesday following gains in Asia and as investors in London shrugged off data showing Britain stuck in a record recession. Full Story Top Deere reports 4Q loss on charges, lower sales Wed, 25 Nov 2009 01:34 pm PST AP - Deere and Co. says sales of tractors, combines and other agricultural mainstays slumped in the fourth quarter and it expects farmers to remain cautious about new equipment purchases because of the weak global economy. Full Story Top Tiffany raises outlook as 3Q profit comes in ahead Wed, 25 Nov 2009 02:16 pm PST AP - Strong overseas sales and cost-cutting kept a decline in Tiffany & Co.'s third-quarter profit to a bare minimum, causing the luxury jeweler to raise its full-year profit outlook heading into the crucial holiday season. Full Story Top British economy shrinks, but edges towards recovery Wed, 25 Nov 2009 02:16 am PST AFP - Britain's recession-hit economy shrank officially by 0.3 percent in the third quarter but this was better than initial data had shown and was welcomed by economists. Full Story Top Fannie Mae to tighten lending standards: report Wed, 25 Nov 2009 09:58 pm PST Reuters - Fannie Mae plans to raise minimum credit score requirements next month and limit the amount of overall debt that borrowers can carry relative to their incomes, The Washington Post reported on Thursday. Full Story Top No Thanksgiving rest for retailers in sales race Wed, 25 Nov 2009 10:49 pm PST Reuters - U.S. shoppers may stretch tight budgets this year to reward loved ones after months of thrift, a softening of heart that store chains hope will erase the holiday season sales debacle of 2008. Full Story Top Jobless Claims Fall While Home Sales, Consumer Buys Rise Wed, 25 Nov 2009 04:01 pm PST Investor's Business Daily - The number of Americans filing claims for jobless benefits fell to a 14-month low last week, the Labor Department said Wednesday, a sign that layoffs are easing as the economy slowly heals. Full Story Top Trends & Innovations - Wednesday Wed, 25 Nov 2009 03:55 pm PST Investor's Business Daily - Statkraft, a Norwegian state-owned utility, has opened the world's first osmotic power plant, which generates emissions-free electricity by mixing fresh water and sea water. The prototype plant is driven by osmosis that naturally draws fresh water across a special membrane and toward the seawater side. This creates higher pressure on the seawater side, driving a turbine and producing electricity. Osmotic power, which can be located anywhere where clean freshwater runs into the sea, is seen as less variable than wind or solar energy. Full Story Top Startups play matchmaker to challenge mutual funds Wed, 25 Nov 2009 12:52 pm PST AP - If you're unhappy with your mutual fund, you can easily find another. After all, there are nearly 8,000 to choose from. Full Story Top Housing data points to rocky rebound Wed, 25 Nov 2009 01:26 pm PST AP - Sales of new homes rose more than 6 percent in October. But that was only because of strong results in the South. Full Story Top Business School Concentrations: Is More Better? Wed, 25 Nov 2009 05:08 am PST BusinessWeek - When> As> Coakley> A>At> Still,> Career> In> Ignoring>Even> Ironically,> But> A>Unlike> In> What> Full Story Top Checking the Health of the Housing Recovery Wed, 25 Nov 2009 05:08 am PST BusinessWeek - There> "We've> So> Housing> As> "We're> One> Home> Home> When> "If> Hidden> Economists> One> Government> Two> The> The> "Presumably> The> Problems> Demand> If> Full Story Top

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