Bernanke urges deficit cuts and Asia-led global recovery
Federal Reserve Chairman Ben Bernanke called for reducing the U S budget deficit to restore sustainability and urged China and other surplus nations to boost domestic consumption. He noted the 2009 deficit rose to 1.42 trillion and warned against premature tightening that could derail growth while Asia leads the rebound.
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Washington, D.C
Federal Reserve
Ben Bernanke
United States
China
Bernanke
Fed
Santa Barbara
Calif
Pittsburgh
Asia
U.S
Toys R Us Adds Layaway for Big Items
Toys R Us announced a nationwide layaway program for larger-ticket items such as bikes and cribs effective immediately. Customers can place items on hold, pay in installments, and pick up before Christmas if paid in full by December 6. A 20 percent deposit and a $10 service charge apply. cancellations incur a $5 fee.
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New York
Toys “R” Us Inc
U.S
Sears
Kmart
Toys “R” Us
Gerald Storch
Wayne
N.J
Stocks rise as earnings beat expectations
New York investors pushed stocks to yearly highs as several earnings reports surpassed forecasts. The Dow gained 96 points with the S&P 500 near 1100. Eaton raised its full year forecast citing market improvement while Gannett posted profit despite revenue declines. Apple and Texas Instruments beat estimates after hours boosting tech optimism. Google and Intel also reported solid results last week.
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Hasbro
New York
Hasbro Inc
Transformers
G.I. Joe
Nerf
Littlest Pet Shop
North American
Standard & Poor
Eaton Corp
Gannett Co
Apple Inc
Texas Instruments Inc
Apple
Texas Instruments
Google Inc
Intel Corp
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