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Fed spells out how it will forecast rate changes (AP)

AP – The Federal Reserve has specified how it will begin signaling when its benchmark interest rate will rise and what the rate will be at points in the future.

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Fed spells out how it will forecast rate changes
(AP)

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Edward Derwinski, 1st veterans affairs sec’y, dies (AP)

AP – Edward Derwinski, who represented Chicago’s south side and adjoining suburbs in Congress for nearly a quarter-century before becoming the nation’s first secretary of veterans affairs, has died. He was 85.

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Edward Derwinski, 1st veterans affairs sec’y, dies
(AP)

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Tiffany holiday sales weaken; Zale, Signet rise (Reuters)

Reuters – Tiffany & Co sales over the holiday season weakened markedly in the United States and Europe, prompting the upscale jeweler to lower its full-year profit forecast and sending its shares down more than 10 percent in early trading.

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Tiffany holiday sales weaken; Zale, Signet rise
(Reuters)

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Wholesale inventories barely rise in November (Reuters)

Reuters – Inventories at wholesalers barely rose in November and growth in the prior month was revised lower, suggesting the economy did not get as big of a boost as expected from companies restocking their shelves in recent months.

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Wholesale inventories barely rise in November
(Reuters)

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Olympus sues execs over scandal, shares surge (Reuters)

Reuters – Japan’s disgraced Olympus Corp is suing its president and 18 other executives, past and present, for up to $47 million in compensation, as it struggles to recover from one of the nation’s worst accounting scandals.

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Olympus sues execs over scandal, shares surge
(Reuters)

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Summary Box: Alcoa posts net loss on weak demand (AP)

AP – ECONOMIC WOES: Alcoa’s revenue fell across a range of businesses because of a sluggish global economy. That led to a global surplus in aluminum and caused prices to fall more than 27 percent since their 2011 peak in

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Summary Box: Alcoa posts net loss on weak demand
(AP)

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Recession-hit U.S. health spending barely rose in 2010 (Reuters)

Reuters – U.S. healthcare spending barely rose in 2010 from record-low recession levels, as high unemployment and the loss of private health insurance forced many Americans to delay or forego medical treatment, government officials said on Monday.

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Recession-hit U.S. health spending barely rose in 2010
(Reuters)