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Stocks drop as jobless claims rise unexpectedly (AP) 19 Aug 2010
Stocks tumbled Thursday after two disappointing economic reports renewed investors' concerns about the pace of the recovery.

Major study proves oil plume that's not going away (AP) 19 Aug 2010
A 22-mile-long invisible mist of oil is meandering far below the surface of the Gulf of Mexico, where it will probably loiter for months or more, scientists reported Thursday in the first conclusive evidence of an underwater plume from the BP spill.

Sears Holdings 2Q loss narrows by half (AP) 19 Aug 2010
Sears Holdings Corp. cut its second-quarter loss by more than half as profit margins perked up at its Kmart chain, the retailer led by billionaire Edward Lampert said Thursday.

Why GM stock may lure brave despite bad economy (AP) 19 Aug 2010
Would you buy stock in a company that has hemorrhaged tens of billions of dollars for years and run through four bosses in quick succession just because it's turned a profit for a few months?

Workplace deaths fall to lowest level since 1992 (AP) 19 Aug 2010
The number of workers who died on the job fell by 17 percent last year to the lowest level in nearly two decades, as workers logged fewer hours during the recession, the Labor Department said Thursday.

Jobless claims rise to highest level in 9 months (AP) 19 Aug 2010
Employers appear to be laying off workers again as the economic recovery weakens. The number of people applying for unemployment benefits reached the half-million mark last week for the first time since November.

Budget analysts see 2010 deficit at $1.3 trillion (AP) 19 Aug 2010
This year's federal deficit will exceed $1.3 trillion, Congress' official budget analysts projected Thursday in a report underscoring election year perils both parties face as they struggle to balance conflicting demands to trim budget shortfalls, spark the economy and cut taxes.

Intel buying McAfee in push beyond PC chips (AP) 19 Aug 2010
Intel Corp. is making the biggest acquisition in its history with the $7.68 billion takeover of computer-security software maker McAfee Inc., an expensive example of Intel's commitment to serve an increasing array of Internet-connected devices.

Leading indicators rise 0.1 percent in July (AP) 19 Aug 2010
A private research group said its gauge of future economic activity edged up in July, suggesting growth will be sluggish for the rest of the year.

A year after bankruptcy, GM plans stock sale (AP) 19 Aug 2010
Thirteen months ago, General Motors was fighting for its life in bankruptcy court. Now, the automaker is laying the groundwork to sell stock to the public once again with the eventual goal of ridding itself of government ownership.