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Washington wealthy clash over income tax on rich (AP)

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Microsoft Corp. founder Bill Gates is seen during his visit with investor Warren Buffett at a Dairy Queen in Beijing, China, Thursday, Sept. 30, 2010.  (AP Photo/Alexander F. Yuan)AP - The state that produced America's richest man has never taken a cut of its residents' income. Microsoft Corp. co-founder Bill Gates and his father would like to change that.


Summary Box: Gold sets record on weaker dollar (AP)

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AP - BETTING ON GOLD: Gold prices settled at a record high of $1,317.80 an ounce amid speculation that the Federal Reserve may take more steps to boost the economy. Many analysts believe the price could continue to rise.

World stocks mostly higher on recovery hopes (AP)

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A fellow trader whispers in the ear of John Strazza, left, near the close of trading on the floor of the New York Stock Exchange, Thursday, Sept. 30, 2010, in New York. Stocks are ending a monthlong rally on a weak note, but still chalked up the best September in 71 years. (AP Photo/Richard Drew)AP - World stock markets mostly rose Friday after economic data from the U.S. and China suggested the global recovery will continue, although at a moderate pace.


Irish economy slips further ahead of harsh cuts (Reuters)

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Reuters - Ireland's brief economic upturn showed further signs of petering out on Friday, with weak manufacturing and retail sales data giving Prime Minister Brian Cowen little comfort ahead of a savage round of budget cuts.

Stock Picks: Allstate, Time Warner Cable, Tractor Supply (BusinessWeek)

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BusinessWeek - Allstate: Soleil Securities equity analyst Harry Fong maintained a buy rating and $38 price target on shares of Allstate , the largest publicly traded U.S. home and auto insurer, on Sept. 30.

DemandTec fiscal 2Q loss narrows (AP)

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AP - DemandTec Inc., a provider of software services for retailers and consumer products companies, said Thursday that its fiscal second-quarter loss narrowed slightly as operating expenses shrank.

Ireland faces "horrendous" bank bill, Spain downgraded (Reuters)

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A picketer (L) is arrested by riot policemen at the entrance to the Corte Ingles department store during a nationwide general strike in Malaga, southern Spain September 29, 2010. REUTERS/Jon NazcaReuters - Ireland disclosed a "horrendous" worst case price tag of over 50 billion euros ($68 billion) on Thursday for bailing out its distressed banks and said it would have to make more drastic budget savings.


AIG and government agree on plan to pay back taxpayers (Reuters)

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The American International Group (AIG) building is seen in New York's financial district March 16, 2009. REUTERS/Brendan McDermid )Reuters - American International Group Inc and the U.S. government agreed on a plan that would see the insurer repay taxpayers fully for bailing it out at the height of the financial crisis.


Index futures lower ahead of GDP, business activity data (Reuters)

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A trader works on the floor of the New York Stock Exchange September 23, 2010. REUTERS/Brendan McDermidReuters - Stocks index futures dipped on Thursday ahead of key September regional business data awaited by investors to see whether this month's equity rally was justified by economic fundamentals.


Automakers go green, sleek at Paris car show (AP)

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Visitors watch the unveiling of the new fully electric sports concept car DeZir made by French automaker Renault during the press day of the Paris Auto Show, Thursday, Sept. 30, 2010. The show will open to the public Saturday. (AP Photo/Michel Euler)AP - Sizzling, sleek designs for a carbon-conscious world headlined Thursday as global automakers rolled out their latest high-tech models at the Paris auto show, hoping for rebound in a struggling car market.


As TARP ends, small banks struggle to repay (Reuters)

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Reuters - The U.S. government's $700 billion bailout of the financial system has become a form of long-standing aid for many of the nation's small and regional banks, even as the program officially expires on Sunday.

AIG to sell 2 Japanese units for $4.2 billion (AP)

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AP - AIG, which reportedly is close to a deal that would allow the U.S. government to exit its ownership interest, says it will sell its two Japanese life insurance units to Prudential Financial Inc. for about $4.2 billion in cash.

Spain's hurting economy hit with debt downgrade (AP)

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Striking workers pack the central Puerta del Sol square during demo march during a nationwide general strike organized by the Spanish unions, in Madrid, Wednesday, Sept. 29, 2010. The strike was called to protest austerity measures imposed by a government struggling to slash its budget deficit and overcome recession. (AP Photo/Paul White)AP - Spain's hurting economy got hit again Thursday with yet another downgrade of its government debt by a major ratings agency, meaning the nation's borrowing costs will likely rise as it struggles to cut its deficit amid gloomy economic recovery prospects.


Nearly one in four second-quarter home sales a foreclosure (Reuters)

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A child sits inside cardboard box during a rally to raise awareness about the home foreclosure crisis outside the US Treasury in Washington, DC. US President Barack Obama has proposed extending tax cuts for a further two years, but not for households earning over 250,000 dollars a year, arguing that America cannot afford handouts to top earners.(AFP/Getty Images/File/Chip Somodevilla)Reuters - Nearly one in every four U.S. homes sold in the second quarter was a deeply discounted foreclosed house, putting the market on pace to work through distressed properties in about three years, RealtyTrac said.


Next phase of Gulf spill damage assessment starts (AP)

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AP - Federal and state government agencies and BP have entered a new and important phase in determining how much damage has been done to the ecosystem by the Gulf of Mexico oil spill.

Ireland to pump billions more into debt-hit banks (AP)

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Police stand beside a cement truck which rammed the front gates of the Irish Parliament in Dublin Wednesday Sept. 29, 2010. A cement mixer has rammed into the gates of the Irish parliament in an apparent protest at the country's catastrophically expensive bank bailout. Police said they had arrested a 41-year-old man at the scene Wednesday but gave few other details. Written across the truck's barrel in red letters were the words: 'Toxic Bank Anglo.' It is an apparent reference to Anglo Irish Bank, which was nationalized last year to save it from collapse.  (AP Photo/Niall Carson/PA Wire) ** UNITED KINGDOM OUT NO SALES NO ARCHIVE  **AP - Ireland will take majority control of Allied Irish Banks and pump billions more into two smaller banks, driving the deficit to record levels and requiring more austerity measures, the government announced Thursday.


China says U.S. yuan bill could harm ties (Reuters)

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Reuters - China on Thursday warned that a House of Represenatives bill to penalize it for not letting the yuan rise faster could seriously affect bilateral ties.

Unemployment rates in Northeastern metro areas (AP)

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AP - Unemployment rates in Northeastern metro areas

Wal-Mart names new CFO as Schoewe plans to leave (AP)

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AP - Wal-Mart Stores Inc. Chief Financial Officer Tom Schoewe is retiring, the retailer announced Wednesday, and it has promoted Charles Holley to be his replacement.

Worthington 1Q profit more than triples (AP)

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AP - Metal manufacturer Worthington Industries Inc. said Wednesday that its fiscal first-quarter profit more than tripled with growth in its steel processing and pressure cylinders businesses.

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