PENNSYLVANIA

World central banks trimming U.S. dollar infusions

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Major world central banks announced on Thursday that they planned to scale back massive injections of U.S. dollars into their banking systems as financial markets stabilize after a devastating crisis.
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G20 Leaders in Pittsburgh to Help Boost Global Economy

International leaders representing the Group of 20 leading industrial nations and the European Union are gathering at Pittsburgh in the north eastern U.S. for the next two days to focus on the task of ensuring that the world emerges from the economic crisis as soon as sustainably possible.
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Obama wants G20 to rethink global economy

U.S. President Barack Obama said on Sunday he would push world leaders this week for a reshaping of the global economy in response to the deepest financial crisis in decades.
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U.S. housing starts, permits touch 9 month high

New construction of U.S. homes and permits for future building scaled a nine-month high in August, and the number of people filing new claims for jobless benefits fell last week, suggesting a recovery was underway.
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Pennsylvania governor ready to veto budget plan

Pennsylvania Governor Ed Rendell said on Saturday he is ready to veto a bipartisan budget plan proposed by lawmakers to end a 10-week deadlock because it is out of balance and contains cuts to education and healthcare spending.
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Labor seen facing challenges even under Democrats

Former Pennsylvania coal miner Richard Trumka isn't president of America's biggest labor federation yet, but he's already cranking up rhetoric on issues from healthcare reform to making it easier to unionize.
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Obama says U.S. must renew fight against al Qaeda

President Barack Obama sought to rally Americans behind the war in Afghanistan on the eighth anniversary of the September 11 attacks on the United States as opinion polls show faltering public support for the conflict.
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Obama remarks on 9 11 (full transcript)

President Barack Obama delivered brief remarks on Friday at a wreath laying ceremony at the Pentagon Memorial in Arlington, Va. remembering the 911 attacks of 2001, the worst seen in the history of the United States.
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Wall Street gains after mixed payrolls data

Stocks rose moderately on Friday after a mixed payrolls report that showed U.S. employers cut fewer-than-expected jobs in August even as the unemployment rate hit a 26-year high.
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Service sector on the mend, jobless claims fall

The contraction in the U.S. services sector eased last month, with a gauge of activity hitting its highest point in nearly a year, a further suggestion that a modest economic recovery was under way.
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Capmark in Berkshire asset deal, may go bankrupt

Warren Buffett's Berkshire Hathaway Inc and Leucadia National Corp agreed to buy Capmark Financial Group Inc's mortgage loan and servicing business for as much as $490 million, increasing exposure to a possible U.S. housing recovery.
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Superior to buy Sunoco's fuel distribution biz

Canada's Superior Plus Corp said it agreed to buy Pennsylvania-based Sunoco Inc's retail heating oil and propane distribution business for about $82.5 million in cash, to expand its fuel distribution business in the United States.
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Cash-poor Philly borrows $275 mln to pay vendors

Philadelphia will take out a $275 million short-term loan from JPMorgan Chase to pay vendors that have gone without compensation since July because of one of the the worst budget crises in nearly 50 years, Democratic Mayor Michael Nutter said on Tuesday.
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Popcorn and Cereals Contain Good-For-You Antioxidants

Good news if you love to eat popcorn at the movies--your favorite snack is healthier than previously thought! New research shows that popcorn and cereals contain phenol antioxidants, thought to protect against heart disease and cancer.

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