Sunday, November 22, 2009 5:45 a.m.

Financial

Photo by ELISE AMENDOLA / AP

Shoppers leave a Kmart store Thursday in Somerville, Mass. The retailer reports strong sales of toys, home goods and shoes.

ADVERSTISMENT

S Shale boon called into doubt

But natural gas firms say criticism misses mark


Posted: November 22, 2009 4:59 a.m.

The ability to tap into shale formations has given the country’s natural gas reserves a 35 percent bump, according to a Colorado School of Mines report.
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Bank capital Fed’s top concern

Officials heighten scrutiny of risks lenders taking, sources say


Posted: November 21, 2009 4:02 a.m.

Federal Reserve officials are stepping up scrutiny of the biggest U.S. banks to ensure the lenders can withstand a reversal of soaring global-asset prices, according to people with knowledge of the matter.
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S Lack of demand shuts oil refineries


Posted: November 21, 2009 4:02 a.m.

Refineries from New Mexico to New Jersey are under severe economic pressure because of falling demand for fuel, with a number of facilities shutting down in recent months.
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S Deflation could hurt revival, Japan warns

Falling prices plagued nation during ’90s


Posted: November 21, 2009 4:01 a.m.

Japan’s government highlighted the danger of deflation for the first time in three years Friday, warning that falling prices and a further worsening of the labor market could drag on the weak recovery.
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S Texas court to rehear Exxon plugged-wells case


Posted: November 21, 2009 4 a.m.

The Texas Supreme Court on Friday said it will again hear arguments in the nearly 15-year legal battle over accusations that Exxon Mobil Corp. loaded abandoned wells with junk, sludge and even explosives to keep other companies from drilling there.
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S New bug moves in, has taste for beans


Posted: November 21, 2009 3:58 a.m.

Researchers recently found an insect in north Georgia that has never before been reported in the Western Hemisphere, and its arrival could be a mixed blessing.
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Arkansas jobless rate hits 7.6 percent in October


Posted: November 20, 2009 11:30 a.m.

Arkansas’ unemployment rate rose half a percentage point to 7.6 percent in October, the highest joblessness rate in more than 21 years, the U.S. Bureau of Labor Statistics said Friday.
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Foreclosures on prime loans surge

Job losses seen overtaking risky lending as top cause of defaults


Posted: November 20, 2009 5:52 a.m.

Rising unemployment led to a spike in foreclosures on prime fixed-rate mortgage loans in the third quarter, the Mortgage Bankers Association said Thursday.
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S Sears Holdings trims quarterly loss

Kmart sales bump, cost-cutting help; retailer said to have long way to go


Posted: November 20, 2009 4:15 a.m.

Struggling retailer Sears Holdings Corp. posted a smaller third-quarter loss Thursday as it cut costs and was helped by the first positive sales performance at its Kmart division in more than four years.
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S AOL offers buyouts to one-third of work force


Posted: November 20, 2009 4:14 a.m.

AOL LLC, the Internet company, is looking to shed more than a third of its work force as it prepares to spin off from Time Warner Inc. next month.
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S Iberiabank in shape to grab failed banks

Recent takeovers double firm’s assets


Posted: November 20, 2009 4:14 a.m.

A Louisiana banking company sees the worst rash of bank failures in two decades as fertile ground to expand well beyond the state line.
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S 2 Tyson veterans put into top jobs

Expect no big changes, 1 says


Posted: November 20, 2009 4:12 a.m.

Tyson Foods Inc. on Thursday promoted two division leaders to pilot the Springdale-based protein-processing company 11 months after it tapped a retired executive as interim chief.
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S Utah auction draws few drillers

Difficulty obtaining leased land scares oil, gas firms, some say


Posted: November 20, 2009 4:09 a.m.

Drillers say it’s getting so difficult to obtain an oil and-gas lease in the Rocky Mountains under the administration of President Barack Obama that many aren’t bothering to show up for auctions.
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S House panel favors broad audits of Fed


Posted: November 20, 2009 4:09 a.m.

A House panel voted Thursday to let Congress carry out extensive new oversights of the Federal Reserve’s policy decisions and operations.
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Foreclosures hitting more people with prime loans


Posted: November 19, 2009 11:04 a.m.

A rising proportion of fixed-rate home loans made to people with good credit are sinking into foreclosure, adding to concerns about the strength of the economic recovery, the Mortgage Bankers Association reported Thursday.
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