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American reaction mixed on Obama budget

Many Americans applauded the spending plans and tax breaks set out in President Barack Obama's record budget, while others questioned the yawning deficit it would entail.

Obama budget plan forecasts soaring deficits

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President Barack Obama forecast the biggest U.S. deficit since World War Two in a budget on Thursday that urges a costly overhaul of the healthcare system and would spend billions to arrest the economy's freefall.

A bruised Warren Buffett looks ahead

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Warren Buffett has some explaining to do. Berkshire Hathaway Inc, his insurance and investment company, is in the midst of one of its worst stretches since Buffett took over the company in 1965.
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A bruised Warren Buffett to look ahead in letter

and companies including Harley-Davidson Inc . Berkshire teamed up on at least two of the investments with Chris Davis's money management firm Davis Selected Advisers LP. Buffett looks like he was, at best, early when he announced in October that he was plowing all his personal investments other than Berkshire shares into U.S. stocks. He has admitted error before. After 1999, a bad...
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Apple shareholders seek answers on Steve Jobs's health

Apple's chief executive Steve Jobs remains deeply involved in company decisions despite relinquishing control over daily operations, company executives said on Wednesday. Facing a prolonged recession and drought in consumer spending, Apple has been unable to shake questions regarding the future of its charismatic CEO, who has been on medical leave and out of public view for more than a month. J...
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CORRECTED: Unpaid furloughs a trend for U.S. white-collar jobs

management can say, 'The paper still came out every day ... we still have some fat left to cut,' said Jim Hopkins, a former Gannett journalist who now writes a blog about the company. Cornell's Blau agreed furloughs could offer employers a way to experiment with lower staffing while they're waiting for the economy to determine how much further they'll have to cut. Still, I don't think...
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Unpaid furloughs a trend for U.S. white-collar jobs

U.S. newspapers have done it. California police have too. Governments in California, New Jersey and Ohio say it will save the budget. Forcing workers to take unpaid time off is a new version of the American layoff.
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NASA's CO2 satellite crashes after launch

An eagerly awaited NASA satellite failed to reach orbit Tuesday after the rocket carrying it crashed shortly after liftoff from California's Vandenberg Air Force Base.
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CORRECTED: JPMorgan slashes dividend; shares rise

By Jonathan Stempel NEW YORK - JPMorgan Chase & Co, the second-largest U.S. bank, slashed its common stock dividend 87 percent on Monday, a surprise move by a lender considered among the strongest in the U.S. financial sector. The bank also said it has been solidly profitable this quarter, and that the outlook for the three-month period is roughly in line with analyst forecasts. Sha...
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JPMorgan slashes dividend

JPMorgan Chase & Co , the second-largest U.S. bank, slashed its common stock dividend 87 percent on Monday, a surprise move by a lender considered among the strongest in the U.S. financial sector. The bank also said it has been solidly profitable this quarter, and that the outlook for the three-month period is roughly in line with analyst forecasts. Shares rose 5.5 percen...
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JPMorgan slashes dividend; shares rise on outlook

JPMorgan Chase & Co, the second-largest U.S. bank, slashed its common stock dividend 87 percent on Monday, a surprise move by a lender considered among the strongest in the U.S. financial sector.
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Calif. electric co. denied on clean power study

Southern California Edison will not be able to pass on to its customers up to $30 million in costs to join a study of whether petroleum coke, an oil refinery byproduct, can be turned into a clean, low-carbon fuel for power plants.
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California's video game law ruled unconstitutional

A U.S. appeals court ruled Friday that a California law restricting the sales and rental of violent video games to minors and imposing labeling requirements is too restrictive and violates free speech guarantees. The Ninth U.S. Circuit Court of Appeals found that the labeling requirement unfairly forces video games to carry the state's controversial opinion about which games are violent. Th...
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Court finds Calif. video game law unconstitutional

A U.S. appeals court ruled on Friday that a California law restricting the sales and rental of violent video games to minors and imposing labeling requirements is too restrictive and violates free speech guarantees. The Ninth U.S. Circuit Court of Appeals found that the labeling requirement unfairly forces video games to carry the state's controversial opinion about which games are violent. ...
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Court finds California video game law unconstitutional

A U.S. appeals court ruled on Friday that a California law restricting the sales and rental of violent video games to minors and imposing labeling requirements violates free speech guarantees. The Ninth U.S. Circuit Court of Appeals found that the labeling requirement unfairly forces video games to carry the state's controversial opinion about which games are violent. The 2005 law, which re...
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California lawmakers OK budget after lengthy impasse

California lawmakers approved on Thursday a state budget package to close a $42 billion deficit, ending a lengthy standoff with a slate of bills that aim to raise taxes, slash spending and increase borrowing with Gov. Arnold Schwarzenegger's signature.
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Stocks slip on bank uncertainty and economic woes

Stocks fell in choppy trading on Thursday, putting the Dow within striking distance of fresh bear-market lows as investors fretted over the deteriorating economy and the fate of ailing financials. Reports showing a record high in the number of workers continuing to claim jobless benefits in the first week of February and sharp contraction in factory activity in the Mid-Atlantic region depicted an...
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San Antonio’s Mission Trail

Remember the Alamo? Well, along with that veteran icon of downtown San Antonio are several other historical and captivating missions in nearby San Antonio...
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Berkshire sells J&J, P&G

Billionaire Warren Buffett's Berkshire Hathaway Inc reduced stakes in health-care company Johnson & Johnson and consumer products company Procter & Gamble Co.
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Recession and housing gloom weigh on stocks

NEW YORK - Stocks dipped in choppy trading on Wednesday as data pointing to yet more weakness in housing suggested the recession is worsening, offsetting a search for bargains following Tuesday's big market slide. Data showed U.S. housing starts and building permits dropped to record lows in January, with construction plans scrapped as unsold houses stood empty. Drags included shares of financ...
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U.S. stimulus crucial for smart grid: industry

The electric power industry and manufacturers say $4.5 billion in the $787-billion U.S. economic stimulus package will give a crucial boost to smart grids that will help the nation save money and electricity.
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Spaceage and efficient, Aptera gears up for launch

Thousands of miles (kilometres) west of Detroit, a California start-up hopes to find a market for a three-wheeled, ultra-efficient, downright odd-looking car among consumers sick of spending their hard-earned cash at the gas pump.

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