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Monday, November 30, 2009 12:00 AM PST

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Today's Business News: Dubai crisis, holiday sales will dominate trading Asia stocks rebound after UAE pledges bank support Oil rises in Asia as fears over Dubai's debts ease China's premier: Beijing to keep yuan stable UAE to back banks amid Dubai meltdown Dubai debt scare rattles world markets Senator opposes Fed chief Bernanke renomination India's Tata Motors swings to quarterly profit Switzerland should have imposed EU job limits: minister Treasury to meet with mortgage servicers Monday Canada high court rules for Wal-Mart in union case Administration plans new efforts on foreclosures Oil steadies at $76, Dubai concerns dominate Treasury wants more lender leeway on loans Owner of closed mortgage company returns to NH Stop Looking for the Next Twitter Health Care: GE Gets Radical Dubai crisis, holiday sales will dominate trading Sun, 29 Nov 2009 08:46 pm PST AP - Investors may have to do some emotional juggling as the trading week begins. Full Story Top Asia stocks rebound after UAE pledges bank support Sun, 29 Nov 2009 08:26 pm PST AP - Asian stock markets rebounded Monday from their steep fall last week after the United Arab Emirates moved to contain the fallout from Dubai's debt crisis. Full Story Top Oil rises in Asia as fears over Dubai's debts ease Sun, 29 Nov 2009 08:27 pm PST AP - Oil prices rebounded to near $77 a barrel Monday in Asia as panic about a global fallout from Dubai's debt problems abated. Full Story Top China's premier: Beijing to keep yuan stable Sun, 29 Nov 2009 08:32 pm PST AP - Chinese Premier Wen Jiabao says Beijing will keep the value of its currency, the yuan, at a stable and balanced level, shrugging off appeals for faster reforms. Full Story Top UAE to back banks amid Dubai meltdown Sun, 29 Nov 2009 03:37 pm PST AP - The United Arab Emirates has pledged to stand behind foreign and domestic banks in the country, offering additional money while extolling the strength of the Gulf nation's financial sector as world markets brace for a potential day of reckoning Monday over Dubai's crushing debt. Full Story Top Dubai debt scare rattles world markets Fri, 27 Nov 2009 11:27 am PST AFP - US stock markets tumbled on Friday as fears of debt defaults bred fresh concern for the world economy, while Europe shares recovered slightly from Dubai's shock request to suspend major loan repayments. Full Story Top Senator opposes Fed chief Bernanke renomination Sun, 29 Nov 2009 08:51 am PST Reuters - Senator Bernie Sanders said on Sunday he will not vote to reconfirm Ben Bernanke as chairman of the Federal Reserve, in a preview of the rough treatment Bernanke may get this week on Capitol Hill. Full Story Top India's Tata Motors swings to quarterly profit Fri, 27 Nov 2009 06:45 am PST AFP - India's leading vehicle company, Tata Motors, reported Friday it had swung to a consolidated quarterly net profit, helped by a better performance by its premium car marques Jaguar and Land Rover. Full Story Top Switzerland should have imposed EU job limits: minister Sun, 29 Nov 2009 12:26 pm PST AFP - Switzerland made a "mistake" by not imposing temporary limits on European job seekers during the economic crisis, Swiss Economics Minister Doris Leuthard said in remarks published Sunday. Full Story Top Treasury to meet with mortgage servicers Monday Sun, 29 Nov 2009 01:24 pm PST Reuters - The Treasury Department is expected to meet with lenders on Monday to press them to do more to rework troubled home mortgage loans, a source familiar with the Treasury's thinking said. Full Story Top Canada high court rules for Wal-Mart in union case Fri, 27 Nov 2009 01:55 pm PST AP - The Supreme Court of Canada said Friday that Wal-Mart Stores Inc. was entitled to close a store in Quebec in 2005, seven months after workers voted to become the first Walmart store in North America to unionize. Full Story Top Administration plans new efforts on foreclosures Sun, 29 Nov 2009 08:00 am PST AP - The Obama administration, battling a foreclosure crisis that shows no signs of relenting, will step up pressure on mortgage companies to do more to help people remain in their homes, officials said Saturday. Full Story Top Oil steadies at $76, Dubai concerns dominate Sun, 29 Nov 2009 10:41 pm PST Reuters - Oil prices steadied at $76 a barrel on Monday, shedding most of the session's early gains, as worries about Dubai's debt crisis and its impact on the world economic recovery returned to haunt investors. Full Story Top Treasury wants more lender leeway on loans Sat, 28 Nov 2009 07:20 pm PST Reuters - The Treasury Department wants lenders and companies that process monthly mortgage payments to do more to rework troubled home mortgage loans and will announce new measures on Monday aimed at achieving that goal, a department spokeswoman said on Saturday. Full Story Top Owner of closed mortgage company returns to NH Fri, 27 Nov 2009 06:27 am PST AP - A lawyer for the owner of a closed mortgage company being investigated by the state says his client is back in New Hampshire. Full Story Top Stop Looking for the Next Twitter Fri, 27 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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