CHICAGO (Reuters) – Caterpillar Inc said it was laying off an additional 2,110 workers, bringing the week’s total to about 22,000, as the company scrambles to cope with a downturn in demand for its construction and mining equipment.

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Caterpillar sets more layoffs; week’s total 22,000

NEW YORK (Reuters) – Stocks fell on Friday after news that the economy shrank at its fastest pace in nearly 27 years while downbeat data and earnings reinforced apprehension about the plight of consumers and manufacturers.

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Wall Street falters on weak economy, consumer anxiety

Stocks turned lower Friday as investors worried that the economy, though perhaps not as troubled as feared in late 2008, is only getting worse. The Commerce Department said gross domestic product, the widely followed measure of the economy, shrank at a 3.8…

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Stocks slip after GDP report, mixed earnings

CHICAGO (Reuters) – Business activity in the Midwest contracted in January and at a more severe rate than expected, a report showed on Friday.

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Midwest business weakens again in January

USA Today publisher Gannett Co. reported lower preliminary fourth-quarter earnings Friday, but even those profits will be wiped out once the company takes pretax writedowns of as much as $5.9 billion to reflect the declining value of its newspapers. Gannett,…

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Gannett reports lowered 4Q earnings on weak ads

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Iceland Could Join EU by 2011

Federal health officials said a highly anticipated blood thinner from Eli Lilly will likely save more lives than drugs already on the market, despite also having a higher risk of internal bleeding. The Food and Drug Administration is reviewing the drug,…

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FDA: Eli Lilly blood thinner has clear benefits

Georgia’s prime minister says he has resigned for health reasons after only a few months on the job as President Mikhail Saakashvili’s second-in-command. Grigol Mgaloblishvili says health problems and medical treatment have made it difficult for him to give…

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Georgian premier resigns citing health problems

Exxon Mobil Corp. on Friday reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 percent from a year ago. The previous record for annual profit was $40.6 billion, which the world’…

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Exxon Mobil shatters US record for annual profit

Exxon Mobil Corp. today reported a profit of $45.2 billion for 2008, breaking its own record for a U.S. company, even as its fourth-quarter earnings fell 33 percent from a year ago. The previous record for annual profit was $40.6…

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Exxon Mobil reports record profits

Caterpillar Inc. on Friday announced 2,110 new job cuts as the heavy equipment maker scales back production to match falling demand. The cuts at three Illinois plants _ in Aurora, Decatur and East Peoria _ come after the company announced other work force and…

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Caterpillar to cut another 2,110 production jobs

A standoff at an Atlantic City casino ended peacefully today. Officers took an armed man who barricaded himself inside an office at Trump Taj Mahal Casino Resort in custody….

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Armed standoff ends at Trump casino in A.C.

NEW YORK (Reuters) – Wall Street inched higher at the open on Friday after data showed the economy shrank less than expected in the fourth quarter, but still contracted at the fastest pace in nearly 27 years.

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Wall Street edges up after GDP data

CHICAGO (Reuters) – Caterpillar Inc said it was laying off an additional 2,110 production workers, bringing layoffs announced this week to about 22,000, as the world’s largest maker of construction and mining equipment scrambles to cope with a downturn in demand brought on by recession.

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Caterpillar announces additional 2,100 layoffs

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Broadband Britain: A Call to Arms