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Home Depot apologizes for racist tweet
Home DepotNEW YORK (AP) — Home improvement retailer Home Depot Inc. on Thursday apologized for a tweet that showed a picture of two African-American drummers with a person in a gorilla mask in between them and asked: "Which drummer is not like the others?"
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McCarthy: No House votes on immigration this year
WASHINGTON (AP) — The third-ranking House Republican told immigration advocates that lawmakers won't vote this year on the issue, confirming what many had long assumed.
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US consumer spending slows to 0.2 percent gain
In this Thursday, Sept. 19, 2013, photo, costumers shop at the new Walmart Neighborhood Market in Los Angeles. The government reports how much consumers spent and earned in September on Friday, Nov. 8, 2013. (AP Photo/Nick Ut)WASHINGTON (AP) — U.S. consumers slowed their spending in September, even as overall income grew at solid pace for the second straight month.
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Pump prices at low since December 2011; oil gains
FILE - This Friday, Sept. 27, 2013, file photo, shows a gas pump in Montpelier, Vt. The nationwide average price for a gallon of gas fell a penny Friday, Nov. 8, 2013, to $3.21. That's the lowest average price since December 2011. (AP Photo/Toby Talbot, File)NEW YORK (AP) — The price of gasoline is the lowest in nearly two years, an early holiday gift for U.S. drivers.
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Bernanke: Fed has greater power to combat crises
Federal Reserve Chairman Ben Bernanke listens while participating in a panel at the International Monetary Fund (IMF) in Washington Friday, Nov. 8, 2013, on WASHINGTON (AP) — Chairman Ben Bernanke said Friday that the Federal Reserve is drafting rules to close large insolvent banks without bringing down the broader financial system, one of many steps regulators must take to prevent another financial crisis.
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Few options for Obama to fix cancellations problem
President Barack Obama speaks about the economy, Friday, Nov. 8, 2013, at the Port of New Orleans. The president says he'll do everything he can to help people coping with health insurance cancellations, but legally and practically his options appear limited. That means the latest political problem engulfing Obama's health care overhaul is unlikely to be resolved quickly, cleanly or completely. (AP Photo/Gerald Herbert)WASHINGTON (AP) — President Barack Obama says he'll do everything he can to help people coping with health insurance cancellations, but legally and practically his options appear limited.
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Chrysler to recall 1.2 million Ram trucks
DETROIT (AP) — Chrysler is recalling about 1.2 million Ram trucks to fix front-end problems that could lead to steering troubles.
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Dow hits another high on hiring surge last month
Trader Michael Zicchinolfi on the floor of the New York Stock Exchange Friday, Nov. 8, 2013. Stocks edged higher in early Friday trading as investors reacted to an unexpectedly strong October jobs report. (AP Photo/Richard Drew)NEW YORK (AP) — An unexpectedly strong jobs report gave stocks a lift on Friday, pushing the Dow Jones industrial average back to an all-time high.
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The shutdown's surprise effect on jobs numbers
President Barack Obama speaks at the Port of New Orleans, Friday, Nov. 8, 2013, in New Orleans. The government shutdown may have affected October's jobs numbers. But not how you think. For weeks, the White House had been bracing for a bad report on hiring. Like pregame analysts ahead of a lopsided sports match, White House economists and aides lowered expectations and blamed October's partial government shutdown for the inevitable bad news to come. Then Friday's numbers materialized and stunned the prognosticators. Employers appeared to have ignored the shutdown and hired away to the tune of 204,000 jobs in October. (AP Photo/Pablo Martinez Monsivais)WASHINGTON (AP) — The government shutdown may have affected October's jobs numbers. But not how you think.
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SAC Capital pleads guilty in NY in $1.8B deal
U.S. Attorney Preet Bharara speaks at a press conference, Monday, Nov. 4, 2013, in New York. Federal prosecutors in New York say hedge fund giant SAC Capital Advisors has agreed to plead guilty to fraud charges and to pay a $1.8 billion financial penalty. AP Photo/Louis Lanzano)NEW YORK (AP) — SAC Capital Advisors pleaded guilty to criminal fraud charges Friday, satisfying a deal with the government that requires the Connecticut-based hedge fund to pay a record $1.8 billion to settle charges that it allowed, if not encouraged, insider trading to occur for more than a decade.
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