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Did you purchase a home after Nov. 6? Don’t expect your $8,000 homebuyer tax credit any time soon.
UPDATED: IRS releases new form, begins accepting claims again
Since Congress passed the tax credit last February as part of the stimulus program, more than 1.4 million buyers have scrambled to take advantage of it, according to […]

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Iraqi and Iranian forces are dug in on either side of a disputed inactive oil well in the sensitive border area, with Iraqis vowing to fight if necessary to fend off another occupation of the well by Iranian soldiers.
Iraqi troops say they will defend the well, where Iranian troops raised a flag for several […]

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China’s trade surplus may slide 19 percent in 2010 as imports surge because of growing domestic demand, Bank of America-Merrill Lynch said.
The amount will narrow to $160 billion from an estimated $198 billion this year, Lu Ting, a Hong Kong-based economist for Merrill, said in an interview today.
A smaller surplus may reduce […]

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OTTAWA–Mounting governmental and household debt are posing new risks to the stability of financial systems, the Bank of Canada said Thursday in its latest analysis.
The central bank’s semi-annual Financial System Review finds that overall conditions have improved in the short term since it last reported in June.
But it adds that record-high debt […]

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St. Louis airport officials have been working for four years on a plan to develop new cargo facilities on the north side of Lambert-St. Louis International Airport.
Today, they expect to make that plan official.
At its meeting this afternoon, the Airport Commission is set to vote on a deal to redevelop 76 acres […]

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As long as we are doing it this year, why not do it always?
"This year, it all comes down to value and getting the best bang for your shopping dollar," said Tod Marks, senior editor of Consumer Reports.
He was referring to a survey by the magazine showing nearly two-thirds of Americans […]

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Small-business owners with cash flow problems might be tempted during yet another difficult holiday season to forgo gifts for clients or customers. Many look at gifts as budget items that just aren’t critical.
There’s another, bigger-picture way to look at business giving. Gifts selected with care convey to customers how important they are, and […]

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Morton’s, an expense account steakhouse, and California Pizza Kitchen, an upscale U.S. pizza chain, are going against the grain with their wine strategies in a bid to reap revenue from the vine.
Morton’s Restaurant Group Inc is taking advantage of the wine glut and auctions to restock its cellars, even as most white tablecloth restaurants […]

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Federal prosecutors in the Galleon Group case have sent a subpoena to a former employee of Steven A. Cohen’s SAC Capital Advisors, a sign that the scope of the problem into the largest hedge fund insider trading case in history is expanding, the Wall Street Journal reported, citing people familiar with the matter.
The subpoena […]

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The Dow industrials closed above 10,000 Wednesday, ending at the key psychological milestone for the first time in more than a year, following upbeat profit reports from Intel and JPMorgan Chase.
The Dow Jones industrial average (INDU) rose 145 points or 1.5%, finishing at its highest point since Oct. 3, 2008, when it closed at […]

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