The New Year Begins With a Thud
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Wall Street got off to a miserable start of the year, with all three major indexes dropping by sizable margins.
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Manufacturing output fell by 0.2 percent in January from the December figure, official data showed on Friday.
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The economy lost momentum heading into the new year as shoppers tightened their belts and manufacturers were stung by weak demand for cars and housing-related goods.
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The nation's manufacturing sector contracted in January, surprising many economists and signaling a shaky start to the new year for industry amid weakness in housing and autos.
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Normally exuberant New Year celebrations were tempered by thoughts for victims of south Asia's tsunami as several major cities canceled parties and Australia led a global minute of silence.
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After a two-week streak during which the album selling periods of Christmas 2004 and New Year's Day 2005 looked stronger than their counterparts of a year ago, this week gives the appearance that the year's first sales week came up a loser, down almost 28% from the start of 2004.
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It was the first fall in overall import prices, or in the cost of imported petroleum, since January.
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Select Comfort puts in a so-so finish to a rough year... And there's too much rejoicing.
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Home building projects started in December fell by a sharper-than-expected 14.2 percent to their lowest level in more than 16 years, while permits for future building hit a 14-year low, a government report on Thursday showed.
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Outdoor New Year celebrations will go ahead as planned as forecasters say the night should be dry.
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A rough start to the season did little to derail gains early Tuesday in New York.
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This year is shaping up to be a dud for amusement parks and other hangouts.
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It's been a tough year for municipal Wi-Fi projects and emerging wireless technologies, but with the bruises comes new muscle.
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A limited easing of security tensions raises hopes for a better Christmas.
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Newcastle United and Liverpool have been hit by major injury worries as the gruelling Christmas and New Year schedule begins to exact a heavy toll in the Premiership.
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One year on and deregulation disappoints
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Prepare yourself for the new year by tackling tax issues today.