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Obama urges US firms to bring jobs home

Tweet Washington: US President Barack Obama Wednesday urged US companies to invest in America and bring jobs home, calling insourcing jobs a smart strategy. "We have heard from several experts and business leaders today, we are at a unique moment in our recent history where factors like rising American productivity and increasing competitive costs at [...]

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US Exim Bank considering $2bn proposals from Indian corporates

Tweet Chennai: The US Export Import Bank has funding proposals of $2 billion from Indian companies and is willing to extend education loans to Indian students to pursue higher studies in the US, a top official said. Speaking to reporters here Fed P. Hochberg, chairman and president said: "We have received $2 billion worth of [...]

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Mass blackbird deaths in US state of Arkansas

Tweet Moscow:) A mass death of blackbirds was registered in the US state of Arkansas for the second time on New Year's eve, CNN reported Tuesday. A year ago some 5,000 blackbirds were found dead in a square-mile area in the town of Beebe, some 35 miles to the northeast of the state capital of [...]

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New York tightens security ahead of new year celebration

Tweet New York: The New York Police have beefed up security in the city ahead of the New Year's Eve celebration. Police have already set up barricades at the Times Square where more than one million revelers are expected to gather to watch the ball drop Saturday night. New York Police Commissioner Ray Kelly said [...]

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US holiday spending up 4.1 percent over 2010

Tweet Washington: In the five weeks before Christmas, a US consumer spent an average of $78 per day, that is 4.1 percent more than during the same period in 2010, a Gallup poll reported. The company followed the spending of more than 3,000 adults in all 50 states and the District of Columbia to arrive [...]

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Seven gunned down at family X-mas party in a Dallas suburb

Tweet London:) Police in a US city have found seven people as shot dead among unwrapped holiday presents. Police in a Dallas suburb dubbed the 'Christmas Capital of Texas' searched for clues Monday to explain the apparent murder-suicide rampage that left seven people shot dead among unwrapped holiday presents, the Daily Mail reported. The dead [...]

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Three US nationals gunned down in Mexico

Tweet Mexico City: A 39-year-old American woman and her two daughters died when unidentified gunmen opened fire at three buses in Mexico, officials said. The gang of five gunmen attacked the buses in Veracruz state, killing a total of seven passengers, Xinhua reported. The woman and her daughters were returning after visiting relatives in La [...]

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US consumer spending goes up in November

Tweet Washington: US families slightly boosted their spending in November with their take-home income rising at a slow pace, authorities said Friday. Real personal consumption expenditures (PCE), consumption after adjusting for inflation, gained 0.1 percent last month, advanced by consumption of durable goods, according to the report. Personal income edged up 0.1 percent in November, [...]

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83 mn Americans to hit the road for holidays

Tweet New York: Over 83 million Americans plan to drive this Christmas and New Year, up 2.1 percent from last year, the American Automobile Association (AAA) has predicted. "Since the recession in 2008, we have actually seen a decrease in travelers and this year they are finally saying we have had enough of staying home," [...]

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Unemployment to fall below eight percent before polls: Obama

Tweet Washington: US President Barack Obama said he believes unemployment rate will fall below eight percent by the time US voters cast their votes to choose next president in November 2012, according to an interview broadcast Sunday night. In an interview with CBS' "60 Minutes", Obama said he thinks "it's possible" that the unemployment rate [...]

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