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Fed to keep eye on sliding dollar
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Last Updated: 7:00 PM 11/16/09 - WASHINGTON — Federal Reserve Chairman Ben Bernanke on Monday said the central bank will keep a close eye on the sliding U.S. dollar even as he pledged anew to keep interest rates at record-lows to nurture the economic recovery. (Full Story) |
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Nation's largest gay newspaper publisher closes
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Last Updated: 9:54 AM 11/16/09 - ATLANTA — The nation's largest publisher of newspapers serving the gay and lesbian community has shut down. Laura Douglas-Brown, editor of Southern Voice newspaper in Atlanta, said she arrived at work Monday to find the locks changed and a note saying parent company Window Media LLC had closed down. (Full Story) |
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Coca-Cola to invest $5.8B in Brazil through 2014
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Last Updated: 9:02 AM 11/12/09 - ATLANTA — Coca-Cola Co. said Thursday it is investing $5.8 billion in Brazil in the next five years, a steep increase from its current investment. The world's largest soft drink maker announced the investment — which lasts from 2010 to 2014 — on Thursday from Brazil, where it is opening its first eco-friendly plant in Latin America. (Full Story) |
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Jobless rate tops 10 percent for first time since '83
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Last Updated: 2:03 PM 11/06/09 - WASHINGTON — The unemployment rate has surpassed 10 percent for the first time since 1983 — and is likely to go higher. Nearly 16 million people can't find jobs even though the worst recession since the Great Depression has apparently ended. Many economists worry that persistently high unemployment could undermine the recovery by restraining consumer spending, which accounts for 70 percent of the economy. (Full Story) |
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AT&T sues Verizon over 'map for that' ads
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Last Updated: 5:14 PM 11/03/09 - ATLANTA — AT&T Inc. is suing Verizon Wireless over its competitor’s ‘‘There’s a Map for That’’ commercials. AT&T filed the suit in U.S. District Court for the Northern District of Georgia on Tuesday accusing Verizon of false advertising and deceptive trade practices. The Verizon commercials mock Apple’s popular ‘‘There’s an App for That’’ spots touting the thousands of applications that can be used on its iPhone. AT&T provides coverage for the iPhone. (Full Story) |
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Local bank 20th in state to fail in ’09
Last Updated: 8:28 PM 10/26/09 - LAWRENCEVILLE — Becoming the 20th Georgia bank to fail this year, the former American United Bank in Lawrenceville closed Friday and reopened Monday as a branch of Ameris Bank. (Full Story) |
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