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Consumers Still Gear Up, Camp Out In Recession

Sales in the outdoor gear industry are up more than 8 percent this year, topping retail sales overall. The industry’s strength may be due to its consumers’ high incomes, but the recession also has more people heading out into the wilderness. » E-Mail This      » Add to Del.icio.us

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Factory Orders Edge Up; New Jobless Claims Fall

Orders to U.S. factories managed a slight gain in July, boosted by as a surge in demand for commercial aircraft. Meanwhile, the number of people requesting unemployment benefits declined for the second straight week, but the overall level remains high. » E-Mail This      » Add to Del.icio.us

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Consumer Confidence Inches Up In August

Americans’ confidence in the economy improved slightly this month, but the mood is still gloomy amid job worries, according to a monthly survey. The Conference Board said its Consumer Confidence Index improved slightly to 53.5, up from a revised 51.0 in July. The improvement comes after two straight months of declines. » E-Mail This      » Add to Del.icio.us

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Cuba Eases Property Laws

The government of the Communist nation of Cuba changed its property law last week. Foreign investors may use state-owned land for 99 years. The change was apparently at the suggestion of foreign developers. Some are talking with the government about building golf courses. Golf was once forbidden in Cuba but the government needs money. » E-Mail This      » Add to Del.icio.us

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How Losing Is A Profitable Game In Baseball

You’d think times would be pretty tough for the last-place Pittsburgh Pirates, but the worst team in baseball has figured out a winning strategy for making money. » E-Mail This      » Add to Del.icio.us

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Autos Drive Retail Sales Up Modestly In July

Retail sales managed a modest 0.4 percent increase in July after two consecutive declines, but the strength was concentrated in higher sales of autos and gasoline. Sales excluding autos were up 0.2 percent as most other retailers saw their sales fall. Meanwhile, consumer prices increased by 0.3 percent, after three months of declines. » E-Mail This      » Add to Del.icio.us

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Wyoming Considers Grand Teton Sale To Spur Feds

The governor is threatening to sell off two parcels of state-owned land in Grand Teton National Park to private developers. The state wants the federal government to come up with a fair trade. The land is worth more than $100 million, but the state is hardly earning any income from leasing the land. » E-Mail This      » Add to Del.icio.us

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Boeing’s Troubled Dreamliner Makes Debut

Boeing’s New 787 Dreamliner makes its international debut at the Farnborough Airshow in England on Monday. Boeing has more than 800 orders for the fuel-efficient aircraft, but the project has suffered repeated delays, and the first planes are not expected to be delivered before next year. » E-Mail This      » Add to Del.icio.us

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Federal Jobs Give Hope To Entry-Level Job Seekers

Private sector job growth remains anemic, but the federal government will need to fill an estimated 50,000 entry-level jobs in the next year. A federal job fair in Washington, D.C., drew thousands of hopeful job seekers this week. » E-Mail This      » Add to Del.icio.us

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Glaxo To Take $2.4 Billion Charge To Cover Avandia Cases, Other Legal Woes

Drugmaker GlaxoSmithKline will take a big profit hit to pay for legal costs, but the amount isn’t as high as some analysts expected. » E-Mail This      » Add to Del.icio.us

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