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Holiday retail sales seen tepid

Retailers may face more moderate sales gains this holiday season as persistently high unemployment and higher gas and grocery prices prompt shoppers to think twice about spending.
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California rebound held back by inland areas

California will trail the nation's economic recovery as its once fast-growing inland areas struggle for years to come with a dearth of jobs and devastated housing markets, a report released on Tuesday said.
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California's Rebound Seen Held Back by Inland Areas

California will trail the nation's economic recovery as its once fast-growing inland areas struggle for years to come with a dearth of jobs and devastated housing markets, a report released on Tuesday said.
U.S. Gas Prices

Gas Prices: Finally, Some Relief at the Pump for U.S. Motorists

Finally, there's some good news for U.S. motorists. Gas prices, down about 10 cents per gallon in the past month to an average of $3.60 per gallon for regular unleaded, are likely to continue to decline, assuming no oil disruptions from major oil producers or a large storm in the Gulf of Mexico.
Kweku Adoboli

Kweku Adoboli’s UBS Trading Losses Strengthen Push for Split Banking

Regulators are still trying to figure out how 31-year-old trader Kweku Adoboli caused $2 billion in bad bets over three tears. But as the probe continues analysts and politicians say UBS trading losses has strengthened the case for separating retail banks from their investment arm, according to The Associated Press.
UBS $2 billion rogue trade suspect held in London

Kweku Adoboli: Is UBS Doomed?

Continued losses in the investment bank arena could lead to more restructuring and another round of job cuts to be unveiled in November.
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Southern California union takes major step toward strike

The union representing many of the 62,000 workers at Ralphs, Vons and Albertsons supermarkets in southern California issued a required 72-hour notice of its plan to cancel its extended contract, a move that could pave the way for a strike.
U.S. Post Office

USPS May Close 252 More Facilities, Cutting 35,000 Jobs

The U.S. Postal Service has named 252 more mail processing facilities that may close because of budget cuts, less than two months after it released an initial list of nearly 3,700 at-risk post offices. Megan Brennan, the agency's chief operating officer, told ABC News that the closures would eliminate 35,000 jobs.

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