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1. Logitech to cut salaried staff by 15 percent
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Logitech International SA, a maker of mice, webcams and other computer peripherals, said Monday it is cutting its salaried work force by 15 percent in response to weak consumer demand amid what it expects to be an extended global downturn. Switzerland-based Logitech, which also has offices in Fremon
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public date: Tue, 06 Jan 2009 03:50:54 GMT - (1 MB Type: MPEG)
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2. Timber company drops road deal with Forest Service
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The nation's largest owner of timberland disclosed Monday that it will no longer pursue changes in agreements governing its use of U.S. Forest Service roads _ changes that critics complained could transform forests into housing subdivisions. Critics of the proposed changes had included President-ele
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public date: Tue, 06 Jan 2009 03:21:14 GMT - (1 MB Type: MPEG)
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3. Prosecutor wants Madoff jailed without bail
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A prosecutor on Monday asked that Bernard Madoff be jailed pending trial, saying the disgraced financier violated an agreement with the court by mailing watches, jewelry, cufflinks and mittens worth more than $1 million to relatives and friends.
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public date: Tue, 06 Jan 2009 02:43:07 GMT - (2 MB Type: MPEG)
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4. AP source: Ex-eBay CEO to run for Calif. governor
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Former eBay Inc. chief executive Meg Whitman plans to run for governor of California, a person with knowledge of her political aspirations said Monday. The 52-year-old Republican plans to run in 2010 for the seat Gov.
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public date: Tue, 06 Jan 2009 02:38:39 GMT - (1 MB Type: MPEG)
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5. Congressmen sound off against SEC in Madoff affair
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Republican and Democratic House members said Monday that the alleged $50 billion fraud involving Wall Street figure Bernard Madoff reflects deep, systemic problems at the Securities and Exchange Commission. Inspector General H.
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public date: Tue, 06 Jan 2009 02:16:28 GMT - (2 MB Type: MPEG)
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6. Toyota to suspend production for 11 days in Japan
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Toyota Motor Corp. said Tuesday it will suspend production at all of its Japanese plants for a total of 11 days in February and March because of faltering global demand. Japan's top automaker announced last year it would halt production at its 12 domestic plants for three days in January.
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public date: Tue, 06 Jan 2009 01:48:50 GMT - (1 MB Type: MPEG)
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7. US auto sales plunge whopping 36 percent in Dec.
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Huge rebates and zero-percent loans couldn't overcome economic uncertainty as U.S. auto sales plunged 36 percent in December, capping a dismal year that saw sales free-fall by 2.9 million vehicles from 2007. The bleak numbers, according to both industry officials and analysts, mean that record high
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public date: Tue, 06 Jan 2009 00:04:41 GMT - (2 MB Type: MPEG)
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8. Cigna to cut about 1,100 jobs, 4 pct of work force
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Managed care provider Cigna Corp. said Monday the slumping economy has forced it to cut roughly 1,100 jobs, as it deals with employer customers who also are making cuts and reducing the number of people covered by insurance.
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public date: Mon, 05 Jan 2009 23:20:07 GMT - (1 MB Type: MPEG)
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9. Investors collect profits after last week's rally
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Caution returned to Wall Street Monday as investors gave back some gains from last week's rally even as they found encouragement from President-elect Barack Obama's calls for an economic stimulus package.
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public date: Mon, 05 Jan 2009 23:17:19 GMT - (2 MB Type: MPEG)
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10. Feds start wait list for DTV converter box coupons
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Consumers who apply for federal coupons to pay for converter boxes ahead of next month's transition to digital television broadcasts are being placed on a waiting list and may not receive their vouchers before the switchover, the Commerce Department said Monday.
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public date: Mon, 05 Jan 2009 23:11:03 GMT - (2 MB Type: MPEG)
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