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Friday, November 27, 2009 12:01 AM PST

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Today's Business News: Rush starts as holiday shopping season revs up Asian stocks tumble amid Dubai fears, dollar slump Oil slides to near $74 as Dubai woes roil markets Dollar sinks to fresh 14-year low vs yen Deflation, surging yen threaten Japan's recovery Stocks end higher on jobless claims, home sales Los Angeles' budget gaps may force dramatic change Tiffany raises outlook as 3Q profit comes in ahead Britain blocks financial supervision from Brussels: source Fannie Mae to tighten lending standards: report No Thanksgiving rest for retailers in sales race Jobless Claims Fall While Home Sales, Consumer Buys Rise Crude oil prices drop as traders take profits Startups play matchmaker to challenge mutual funds Good news raises hopes recovery won't fizzle Stop Looking for the Next Twitter Health Care: GE Gets Radical Rush starts as holiday shopping season revs up Thu, 26 Nov 2009 10:45 pm PST AP - The nation's retailers are ushering in the traditional start of the holiday shopping season with expanded hours and deep discounts on everything from toys to TVs to lure crowds of shoppers. Full Story Top Asian stocks tumble amid Dubai fears, dollar slump Thu, 26 Nov 2009 11:43 pm PST AP - Asian stock markets tumbled Friday, with Hong Kong and South Korea down about 5 percent, as fears mounted over the fallout from Dubai's massive debt problems and the dollar continued its slide against the Japanese yen. Full Story Top Oil slides to near $74 as Dubai woes roil markets Thu, 26 Nov 2009 11:19 pm PST AP - Oil prices sank to near $74 a barrel Friday in Asia as investors curtailed their risky bets on commodities amid uncertainty about the global fallout from Dubai's financial troubles. Full Story Top Dollar sinks to fresh 14-year low vs yen Thu, 26 Nov 2009 11:46 pm PST AP - The dollar sank to a fresh 14-year low against the yen Friday in Asia as worries about Dubai's debt mountain drove investors to buy safe haven assets like the yen. Full Story Top Deflation, surging yen threaten Japan's recovery Thu, 26 Nov 2009 11:47 pm PST AP - Japan got word Friday that prices fell again in October, just as a surging yen threatens to worsen the deflation that is undermining the country's fragile economy. Full Story Top Stocks end higher on jobless claims, home sales Wed, 25 Nov 2009 01:36 pm PST Reuters - U.S. stocks rose in light trading volume on Wednesday, supported by data that pointed to stabilization in the labor and housing markets, areas that have fed concerns about a "double dip" recession. Full Story Top Los Angeles' budget gaps may force dramatic change Wed, 25 Nov 2009 03:40 pm PST Reuters - Los Angeles must take dramatic steps in coming months to bring its budget back into balance, including measures to slim the size of its government and reduce how much it spends on pensions for retired employees, the city's top budget official said on Wednesday. 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 Britain blocks financial supervision from Brussels: source Thu, 26 Nov 2009 01:08 pm PST AFP - Prime Minister Gordon Brown has made it a personal priority to rein in European Union proposals to regulate financial services from Brussels, a source said Thursday. Full Story Top Fannie Mae to tighten lending standards: report Thu, 26 Nov 2009 03:07 am 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 Thu, 26 Nov 2009 04:38 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 Crude oil prices drop as traders take profits Thu, 26 Nov 2009 05:22 am PST AFP - World oil prices fell Thursday on profit-taking after a strong rally the previous day on the back of positive US data and the weak dollar, analysts said. 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 Good news raises hopes recovery won't fizzle Wed, 25 Nov 2009 02:53 pm PST AP - A flurry of good news this week — including falling jobless claims, stronger consumer spending and higher new-home sales — suggests the economic rebound, modest though it is, might just be here to stay. Full Story Top Stop Looking for the Next Twitter Thu, 26 Nov 2009 05:08 am PST BusinessWeek - If you are a pundit, or get paid to watch trends, then this message doesn't apply to you. It's your job to go out and find the next shiny object that could influence how we live and do business. Full Story Top Health Care: GE Gets Radical Mon, 23 Nov 2009 05:08 am PST BusinessWeek - It's been a hard year to work at General Electric (NYSE:GE - News). Salary freezes have hit its famously performance-driven employees, with some managers taking pay cuts. The price of GE stock, which once made millionaires out of even hourly workers, has gone nowhere as the rest of the market has risen. A 68% dividend cut -- the first in 71 years -- has stung execs who rely on a heavy dose of restricted shares. Full Story Top

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