Press of Atlantic City - National Business

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Business

Jan 05, 2009	Recession complicates job hunt for recent college graduates
Jan 04, 2009	Boscov's $300M. risk / returning CEO optimistic despite retail market
Jan 04, 2009	Groups press Obama for better consumer-protection rules
Jan 04, 2009	Readers predict price of gasoline will rise again
Jan 04, 2009	Business interests for Jan. 4, 2009
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Technology

Jan 05, 2009	Apple's Jobs has hormone imbalance, will stay CEOAssociated Press Writer Stephanie Nano, AP Medical Writer Marilynn Marchione and AP Technology Writer Jessica Mintz contributed to this report.
Jan 05, 2009	SkyWi president says Qwest cost his firm customers
Jan 05, 2009	Feds start wait list for DTV converter box coupons
Jan 05, 2009	MySpace is research place for busybody 'Dr. Meg'
Jan 05, 2009	Even in recession, CES to have stuff worth seeing
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Autos

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Jobs

Jan 02, 2009	Did raids help union at North Carolina pork plant?
Dec 30, 2008	Day laborer jobs dry up in wilting economy
Dec 30, 2008	Downturn creates glut of drivers
Dec 30, 2008	Felon needs to ask for help in job search
Dec 30, 2008	Layoffs vs. buyouts
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Real Estate

Jan 02, 2009	Florida pushing tough law to combat mortgage fraud
Jan 02, 2009	Buying a home with nothing down is possible
Dec 24, 2008	Mortgage rates dropping: Time to refinance?
Dec 24, 2008	Real estate Q&A
Dec 24, 2008	Foreclosure crisis creates unique hardships for renters
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Science & Nature

Jan 05, 2009	Rare bird alert for Jan. 6, 2008
Dec 30, 2008	End 2008 with two heavenly pairings
Dec 30, 2008	In recession, nature sets tone on how to adapt for winter
Dec 23, 2008	This year gave good reasons to look up
Dec 23, 2008	Wildlife in N.J. poses little danger to people - except on roads
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Gold prices fall as dollar gains strength

By SARA LEPRO

Published: Jan 05, 2009

Gold prices fell Monday, undermined by the dollar's advance on hopes for an economic stimulus package in the U.S. Meanwhile, energy and agriculture futures rose.

The dollar rose against the euro and the Japanese yen, buoyed by President-elect Barack Obama's calls for steps to be taken early in the year to boost the economy. The president-elect met with members of Congress Monday and endorsed tax cuts now expected to reach $300 billion.

The dollar's direction was a major factor in commodities prices for much of 2008; its weakness contributed to the rally in futures the first half of the year and its strength, along with the deepening recession, help send prices plunging in the second half. Analysts expect both to continue to play a major role in how commodities fare this year.

Gold can be especially sensitive to the direction of the dollar because it is often used as a hedge against inflation and a weak greenback. More

Jan 05, 2009

• Cigna to cut about 1,100 jobs, 4 pct of work force

Managed care provider Cigna Corp. said Monday the slumping economy has forced it to cut roughly 1,100 jobs, as it deals with employer customers who also are making cuts and reducing the number of people covered by insurance.

Jan 05, 2009

• Treasury provides $15B from bailout pot to 7 banks

The government said Monday it had supplied another $15 billion to seven banks in the latest round of payments from the $700 billion rescue fund.

Jan 05, 2009

• Chrysler sales plummet 53 percent

Chrysler says its December U.S. sales plunged 53 percent, blaming a tough economy with driving customers from showrooms.

Jan 05, 2009

• Prosecutor wants Madoff jailed without bail

A prosecutor on Monday asked that Bernard Madoff be jailed pending trial, saying the disgraced financier violated an agreement with the court by mailing watches, jewelry, cufflinks and mittens worth more than $1 million to relatives and friends.

Jan 05, 2009

• Porsche takes indirect control of Scania

Porsche said Monday that it had increased its stake in Volkswagen AG to more than 50 percent, a move that gave it indirect control of truck maker Scania AB and requires it to make a mandatory takeover offer for the Swedish company.

Jan 05, 2009

• US auto sales plunge whopping 36 percent in Dec.

Huge rebates and zero-percent loans couldn't overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007.

Jan 05, 2009

• Gazprom reducing supplies through Ukraine

Russia's Gazprom says it will cut the amount of gas it ships to Europe through Ukraine to make up for what it says Ukraine has stolen in recent days from pipelines crossing its territory.

Jan 05, 2009

• Subaru posts 2008 sales increase in US

Subaru said Monday its U.S. sales crept higher in 2008 on strong demand for Forester and Impreza models. The Japanese company is the only major automaker so far to post an increase in yearly sales.

Jan 05, 2009

• Citgo suspends low-income heating oil program

Citgo, the Venezuelan government's Texas-based oil subsidiary, has suspended shipments of heating oil for poor families in the United States, citing falling oil prices and the world economic crisis, the nonprofit organization that distributes the fuel said Monday.

Jan 05, 2009

• Construction spending shows gains but outlook grim

Construction spending fell less than expected in November as record activity on nonresidential projects helped offset another steep decline in housing. But the outlook remains bleak as credit is tight for builders trying to stay afloat amid a recession entering its second year.

Jan 05, 2009

• 8 dead, 1 hurt after chopper crashes in La. marsh

Authorities in a dozen boats searched through wreckage from a helicopter crash in a southern Louisiana marsh Monday, turning up evidence that could help investigators figure out why the aircraft bound for an offshore oil platform went down and killed eight people.

Jan 05, 2009

• Apple's Jobs has hormone imbalance, will stay CEO

Apple Inc. founder Steve Jobs, a survivor of pancreatic cancer whose gaunt appearance in the past year has alarmed the Mac and iPod lovers who look to him as an oracle, said Monday he has an easily treated hormone imbalance and will remain in charge of the company.

Jan 05, 2009

• FTSE-100 index up 17.85 points at 4,579.64

Share prices on the London Stock Exchange were higher at close Monday.

Jan 05, 2009

• Richardson withdrawal leaves gap in Cabinet picks

The Cabinet that President-elect Barack Obama picked on a fast track has an unexpected opening, with New Mexico Gov. Bill Richardson, Obama's choice for commerce secretary, withdrawing under pressure of a federal investigation into how his political donors landed a lucrative transportation contract.

Jan 05, 2009

• Investors collect profits after last week's rally

Caution returned to Wall Street Monday as investors gave back some gains from last week's rally even as they found encouragement from President-elect Barack Obama's calls for an economic stimulus package.

Jan 05, 2009

• US dollar mixed in Europe

The U.S. dollar was mixed against other major currencies in late European trading Monday. Gold fell.

Jan 05, 2009

• Gazprom cuts supplies through Ukraine

Russia's cutoff of natural gas to Ukraine was forcing several European countries to dip into reserves Monday, with Moscow tightening the tap even further.

Jan 05, 2009

• Chile leader announces $4 billion anti-crisis plan

President Michelle Bachelet on Monday announced a $4 billion plan to help Chile fight the global economic crisis and create as many as 100,000 jobs.

Jan 05, 2009

• Toyota to suspend production for 11 days in Japan

Toyota Motor Corp. said Tuesday it will suspend production at all of its Japanese plants for a total of 11 days in February and March because of faltering global demand.

Jan 05, 2009

• Cuba: Nickel again earned more than tourism in '08

Cuba produced 70,400 tons of nickel in 2008, helping the industry surpass tourism as the communist-run island's top source of revenue for the second consecutive year, state media reported Monday.

Jan 05, 2009

• A guide to mutual fund fees

In a tough investing climate mutual fund investors should take note of what investing fees they're being charged. Costs associated with an individual investor's transactions and account are listed in a fee table, located near the front of a fund's prospectus, under the heading "Shareholder Fees."

Jan 05, 2009

• Argentine gov't accuses gas co of 'irregularities'

Argentina accused a major natural gas distributor of "serious irregularities" on Monday - a week after government officials said they may be forced to take over the company if its service falters.

Jan 05, 2009

• Take control: Understanding investing fees

Dismal market performance in 2008 has many investors thinking about a new investment strategy for the coming year - a key element of which should be to slash investment fees.

Jan 05, 2009

• Airlines sue FAA over crew rest rules

Several of the nation's largest airlines have joined in a lawsuit to block stronger federal rules on crew rest during the longest international flights.

Jan 05, 2009

• Hispanic TV landscape could shift in L.A. trial

In a trial that could change the landscape of Hispanic television in the U.S., broadcasting giant Univision Communications Inc. squares off Tuesday against the supplier of its popular telenovelas, Grupo Televisa SA.

Jan 05, 2009

• Product recalls: makeup removal towelettes

The following recalls have been announced:

Jan 05, 2009

• Anheuser-Busch amusement parks cut off free suds

There are no free lunches in life, but one could always count on free beer at Anheuser-Busch theme parks. Until now.

Jan 05, 2009

• Apple, Tyson, Barnes & Noble are big movers

Stocks that moved substantially or traded heavily Monday on the New York Stock Exchange and Nasdaq Stock Market:

Jan 05, 2009

• Feds start wait list for DTV converter box coupons

Consumers who apply for federal coupons to pay for converter boxes ahead of next month's transition to digital television broadcasts are being placed on a waiting list and may not receive their vouchers before the switchover, the Commerce Department said Monday.

Jan 05, 2009

• AP source: Ex-eBay CEO to run for Calif. governor

Former eBay Inc. chief executive Meg Whitman plans to run for governor of California, a person with knowledge of her political aspirations said Monday.

Jan 05, 2009

• Weekly Treasury auction sees rates increase

Interest rates on short-term Treasury bills, after hitting historic lows last month, rose in Monday's auction.

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