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Money & Markets

Goldman Sachs to take out garbage at Thanksgiving

November 21, 2009

NEW YORK — The Salvation Army plans to serve 10,000 free dinners across the city this Thanksgiving — meals planned by a star chef, cooked by one of New York’s ritziest caterers and cleaned up by employees of one of Wall Street’s most vilified financial firms. The number of meals is 10 times as many as last year and come at a time when more and more Americans are struggling to put food on the table. The turkey dinner will be prepared by Great Performances, a catering company that stages banquets for the grand ballroom of The Plaza. Leading the culinary team is star chef Marc Spooner, a winner of the Food Network’s ‘‘Chopped’’ TV contest and the caterer’s chef de cuisine. Three hundred employees of Goldman Sachs Group Inc., Wall Street’s richest firm, have volunteered for the holiday feast and will be tasked with taking out the garbage.

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Calif. requires TVs to be more energy efficient

November 19, 2009

SACRAMENTO, Calif. — Power-hungry TVs will be banned from store shelves in California after state regulators Wednesday adopted a first-in-the-nation mandate to reduce electricity demand.

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Factory production dips; wholesale inflation muted

November 18, 2009

WASHINGTON — A decline in factory production in October signals that consumers and businesses remain cautious in their spending, with the economic recovery likely to be sluggish.

At the same time, the weak economy is taming inflation.

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Retail sales figures point

November 16, 2009

WASHINGTON — Improved retail sales gave Wall Street a boost Monday but provided little hope for a robust holiday shopping season that might invigorate the economic recovery.

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Weak dollar no quick fix for narrowing trade gap

November 14, 2009

WASHINGTON — A weaker dollar may boost the nation’s economy by increasing exports and narrowing the trade gap — but that won’t happen anytime soon.

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Disney posts surprise uptick in 4Q net income

November 13, 2009

LOS ANGELES — The Walt Disney Co. posted a surprise 18 percent increase in fourth-quarter earnings Thursday in a sign the company is beginning to emerge from an advertising market hit hard by the recession.

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