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Islanders snatch Nabokov from Red Wings

New York Islanders snatched Russain goaltender Evgeni Nabokov through waivers on Saturday despite the 35-year-old signing a one-year deal with the Detroit Red Wings on Thursday.
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NYC Mayor threatens massive layoffs amidst pension reform crisis

As the battle over pension reform in cash-starved cities and states intensified, the Mayor of New York City fired another salvo by threatening municipal unions with huge layoffs if they don’t cooperate with his sweeping proposals to overhaul the system.

Union membership plunging in the U.S.

According to The Bureau of Labor Statistics, the percentage of unionized American workers dropped to 11.9 percent from 12.3 percent, with the loss of 612,000 members in 2010. In 2008, unions lost 771,000 workers.

Namath family rooting for Steelers over Jets

Joe Namath may be the greatest icon in New York Jets history, but since he’s originally from the Pittsburgh area, his family members will be rooting for the Steelers in this Sunday’s AFL Championship games.

NYC unemployment rate eases to 8.9 pct in December

New York City's unemployment rate fell two-tenths of a percentage point to 8.9 percent in December from November, but the tourism-related sector hired fewer workers than expected, labor experts said on Thursday.
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Debate on jobless rate may shape Fed policy

The U.S. Federal Reserve's latest $600 billion bond-buying program is built on the idea that most of the stubbornly high unemployment rate is reversible, if only borrowing costs are pushed low enough.

New York Jets Hoping For Win, Financial Boost

A New York Jets win this Sunday not only would propel the team to its first Super Bowl appearance since 1969, but could also give the team a boost in revenue while it makes payments on $650-million in debt.
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Gold hits two-month low as haven appeal wanes

Gold touched a two-month low in Europe on Friday, pressured by a firmer appetite for assets seen as higher risk on expectations the economic recovery was gaining traction, but a retreat in the dollar prevented a steeper drop.

Melting of Greenland ice sheet set new record in 2010

Melting of Greenland ice sheet set new record in 2010, as some areas in the second largest ice body in the world experienced melting for longer duration last year, says a research conducted by the World Wide Fund for Nature (WWF) and City College of New York.

Stocks set to open higher after Google, GE earnings

Futures on major U.S. indices point to a higher opening on Friday with futures on the S&P 500 up 0.15 percent, futures on the Dow Jones Industrial Average up 0.11 percent and Nasdaq100 futures up 0.15 percent.

Facebook co-founder Eduardo Saverin invests $8 mln in Qwiki

Facebook co-founder Eduardo Saverin and YouTube co-founder Jawed Karim are investing $8 mln in Series A funding into Qwiki, a startup pioneering the information experience via on-the-fly transformation of data into rich media narratives

JFK airport terrorist attack conspirator sentenced to 15 years in prison

Abdel Nur, a Guyanese national, has been sentenced by a U.S. district court judge to 15 years in prison for providing material support to a terrorist group that had conspired to attack John F. Kennedy International Airport in Queens, New York, by exploding fuel tanks and the fuel pipeline under the airport.
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Blockbuster wins 3-month restructuring extension

Blockbuster Inc. on Thursday received three more months to negotiate store leases with its landlords -- its second restructuring extension this week -- giving the video rental chain more time to try to reorganize its business.

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