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Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals.
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Alcoa to slash jobs and sell 4 units
NEW YORK (Reuters) - Alcoa Inc said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminum production in the face of the global economic downturn.
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Stocks rise on stimulus plan hopes
NEW YORK (Reuters) - Stocks gained on Tuesday on the increased likelihood of a government stimulus package after the release of minutes from the last Federal Reserve policy meeting painted a dismal picture of the U.S. economy.
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U.S. budget deficit seen topping $1 trillion in 2009
WASHINGTON (Reuters) - Politicians want American consumers to resume spending to pull the economy out of its tailspin, and the U.S. government is leading by example with a potential $1 trillion deficit in 2009 -- even before a massive stimulus plan.
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Fed and other agencies to join U.S. fraud task force
WASHINGTON (Reuters) - The U.S. government is beefing up a task force to fight mortgage crimes and safeguard federal financial bailouts, the U.S. Justice Department said on Tuesday.
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Court backs $631 million judgment against Boeing
NEW YORK (Reuters) - A California court has approved a jury verdict against Boeing Co , which means the plane maker and defense contractor must pay former customer ICO Global Communications (Holdings) Ltd $631 million in damages, according to ICO on Tuesday.
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