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Canada finance minister says unemployment to rise
(AP)
AP - Canada's finance minister said Friday that the country's economic recovery will likely be modest and job losses will mount into 2010 even after growth has begun.
Job seekers seek solace with fellow faithful
(AP)
AP - Her fellow job seekers offer knowing groans as Diane Castro recalls the day she was laid off: The fear of being summoned to the front office. The phones in nearby cubicles going off like grenades. Finally, a ring at her desk.
Dollar climbs after poor European retail sales
(AFP)
AFP - The dollar climbed against the euro Friday after eurozone retail figures slipped back into a rut and as fresh worries about the health of the US economy supported the "safe-haven" greenback.
Oil prices drop further as 'rogue' trader probed
(AFP)
AFP - Oil prices fell further on Friday, but losses were less severe than a day earlier when traders had sold heavily on fresh worries about the weakness of the US economy.
US clings to hopes for 2009 economic recovery
(AFP)
AFP - Halfway through 2009, the US economy is still struggling in recession amid fragile hopes for recovery by the end of the year.
States set to ring in Independence Day sans budget
(AP)
AP - Several states are facing the prospect of government shutdowns and program cuts as they enter the first weekend of the fiscal year and July Fourth holiday without a budget in place.
Hope for California budget deal as IOUs planned
(Reuters)
Reuters - Top California lawmakers raised hope on Thursday that an elusive budget deal could be at hand, as officials began issuing billions of dollars in "IOUs" to avoid a cash crisis on the second day of a new fiscal year without an agreement to balance the state's books.
Obama sure of rebound despite job loss figures
(AFP)
AFP - President Barack Obama said he was confident the US economy would recover, despite new data showing unemployment at a 26-year-high of 9.5 percent, which dampened hopes of a quick rebound.
Earnings to set tone for stocks in week ahead
(Reuters)
Reuters - With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.
Treasury seizes assets of extremist organization
(AP)
AP - The Obama administration on Thursday authorized the seizure of assets belonging to an extremist organization in Iraq and an Iranian backer of insurgents, saying both are responsible for deadly attacks in Iraq.
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