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Wed, 10 Mar 2010 19:28
azcentral.com | business
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WASHINGTON - Businesses trimmed inventories at the wholesale level again in January even though sales rose for a 10th consecutive month. The dip in inventories underscored that businesses remain cautious about restocking their depleted shelves.
Wholesale inventories fall while sales increase
NEW YORK - Scant buying lifted stocks for a second day Wednesday after the government reported a drop in companies' inventories.
Stocks rise after inventories fall and sales gain
In an industry first, a new gaming service will start allowing people to "stream"popular high-end games such as "Assassin's Creed II"over the Internet in June, using a mechanism similar to watching TV shows or listening to music online.
OnLive game streaming service starts in June
The Senate has passed legislation to give months of continued jobless checks to people who have been out of work for more than half a year and help the unemployed pay for health insurance.
Jobless aid measure passes Senate
The state trust fund that pays for jobless benefits is nearly dry, forcing Arizona to borrow money from the federal government as early as this week until unemployment subsides, the Arizona Department of Economic Security reported Tuesday.
DES supplementing state trust fund with $250 mil from feds
Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.
BofA ends overdraft fees on debit cards
Some steep discounts are available to air travelers in the next two days in what one industry analyst calls "the first big summer fare sale"of the year.
Airlines kick off summer fare sale
Even though sales rose for 10 month.
Wholesale inventories reduced 0.2%
CAIRO - World oil demand is projected to grow by 900,000 barrels per day in 2010, OPEC said Wednesday, revising up its previous month's forecast while cautioning that the increase is hinged on a sustained global economic rebound, particularly in the United States.
OPEC raises oil demand forecast
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