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President Barack Obama tapped labor economist Alan Krueger for a top administration post Monday, rounding out his White House economic team ahead of a highly-anticipated announcement next week on a new jobs initiative. Obama announced Krueger’s nomination to chair the White House Council of Economic Advisers in a Rose Garden ceremony Monday morning. The president… Continue Reading Obama rounds out econ team ahead of jobs speech

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Solar energy exports top $5.6 billion

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U.S. Solar Industry exported $5.6 billion last year, according to the U.S. Solar Energy Industry Association. The biggest export item was photovoltaic components, which accounted for more than 99 percent of last year’s exports, with solar heating and cooling equipment claiming the remainder. For the manufacturing industry, 2010 was a record year for the photovoltaic… Continue Reading Solar energy exports top $5.6 billion

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Federal Reserve Chairman Ben Bernanke signaled Friday that Congress must do more to promote growth, or risk delaying the U.S. economy’s return to full health. Bernanke proposed no new steps by the Fed to boost the economy. But at a time when Congress has been focused on shrinking long-run budget deficits, he warned lawmakers not… Continue Reading Bernanke proposes no new steps to boost economy

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Colo. Republican: End pensions for Congress

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Republican Rep. Mike Coffman says members of Congress should follow millions of American workers and give up their pensions. The Republican from suburban Denver says that when Congress returns from recess, he’ll suggest cutting the pension available to members with at least five years’ service. Coffman says that the bad economy prompted his idea. Coffman… Continue Reading Colo. Republican: End pensions for Congress

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An early stock market rally faded Wednesday, leaving indexes with small losses in early afternoon trading. The price of gold slumped 4 percent as investors became less fearful. A sharp increase in orders for long-lasting goods in July eased fears that the U.S. was headed for another recession. Companies placed more orders for aircraft, automobiles… Continue Reading An early US stock rally fades; indexes edge lower

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Stocks rise in early trading for second day

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Stocks moved higher early Tuesday for the second day in a row, led by technology companies. Cisco Systems Inc. rose the most of the 30 stocks in the Dow Jones industrial average, gaining 2 percent. Microsoft Corp. and Oracle Corp. also rose 2 percent. Bank of America Corp. sank more than 3 percent, the worst… Continue Reading Stocks rise in early trading for second day

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A new survey says salaried U.S. workers can expect another year of modest raises in 2012. After increasing salaries by 2.6 percent this year and last year, companies are planning a 2.8 percent bump in 2012, benefits and human resources consultancy Towers Watson reported Monday. That’s somewhat smaller than raises in the last decade. From… Continue Reading Survey: Small raises for salaried workers in 2012

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Oil prices are mixed Monday as a rebellion in oil-rich Libya appeared close to ending. The ouster of Libyan leader Moammar Gadhafi’s could allow the nation to resume oil exports, which have stopped during the country’s six-month conflict. That could ease global supply constraints that drove fuel prices to three-year highs earlier this year. But… Continue Reading Oil mixed as Libya conflict seems close to ending

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Stocks lower but selling pressure eases

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Global stocks fell again Friday as fears of a possible U.S. recession combined with ongoing worries over Europe’s debt crisis, which is stoking acute fears over the continent’s banking sector. However, smaller than anticipated losses on Wall Street helped European markets recoup a large chunk of their earlier losses by the close. In Europe, Britain’s… Continue Reading Stocks lower but selling pressure eases

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State unemployment rate: unchanged

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Colorado saw no change in the state unemployment rate from June to July of this year, according to figures from the Colorado Department of Labor and Employment. The state added 3,200 nonfarm payroll jobs, for a total of 2.2 million people employed in the state, according to the monthly survey of business establishments. Government jobs… Continue Reading State unemployment rate: unchanged

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