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In these scary economic times, older workers are putting off their retirement and hanging on to a paycheck. Some retirees struggling to make ends meet are scanning help-wanted ads for the first time in years. About a week ago, Jeff Rollison, a 60-year-old…

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Older workers, hurt by recession, seek new jobs

The U.S. Department of Agriculture said Tuesday that it will buy $30 million of California walnuts for federal food nutrition assistance programs, not only a health benefit but a gift to growers who had produced a record harvest and seen prices tumble. The…

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Government buying surplus walnuts

U.S. home values continued their free fall in January, with prices in the San Francisco area among the hardest hit, according to a closely watched real estate index released Tuesday. “Prices are going down as fast or faster than they were last month, last…

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S.F., U.S. home prices in free fall

A wild ride – Wall Street ended a tumultuous March on a high note, managing its first winning month this year and its best monthly performance in nearly seven years. The Dow Jones industrials rose 16 percent in three weeks after hitting their lowest…

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In business news

Facebook said Tuesday that its finance chief has left and that it is seeking a successor with “public company experience,” a move that will feed speculation that the social networking titan is preparing for an IPO. Gideon Yu, who had served as chief financial…

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Facebook seeks new finance chief as Yu leaves

The recession has cut into tech industry jobs, but the sector remains more resilient than the economy at large and offers bright prospects for the future, according to a new trade association report. The Cyberstates 2009 study issued Tuesday is the 12th…

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Tech group study predicts good future prospects

Americans are satisfied using Uncle Sam as their personal savings bank. That’s the odd but unambiguous conclusion from tax statistics compiled by the Internal Revenue Service showing that 77 percent of tax filers overpaid their federal taxes in 2006, getting…

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Daily Digits: The Bank of Uncle Sam

As an assertion of government control over a huge swath of the industrial landscape, President Obama’s decision to reshape the automobile industry has few precedents. In essentially taking command of General Motors and telling Chrysler to merge with a foreign…

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Better move fast if you want to beat Wednesday’s state sales tax increase. Eric Edenfield of San Francisco did just that when he purchased a water heater last weekend for the duplex he rents out in Guerneville. The new water-saving “on demand” heater might be…

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A few shoppers splurge before sales tax goes up

Gasoline sales in California kept tumbling in December despite the lowest pump prices in five years, as drivers looked for ways to cut costs in a deepening recession. Californians bought 6.3 percent less gasoline in December than they did during the same…

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3-year drop in gas sales, despite lower prices

Skype, the popular voice-over-Internet phone service, is about to land on the iPhone today. Skype, a unit of eBay, is set to announce the availability of its service on the iPhone platform at a press conference at the CTIA Wireless show in Las Vegas. Users of…

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App gives iPhones access to Skype

Confusion, frustration from an auto dealer Denny Fitzpatrick, owner of Fitzpatrick Chevrolet and Hummer in Concord, finds President Obama’s auto industry presentation “a little confusing and a little frustrating.” “We can keep talking about restructuring but…

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Confusion, frustration from an auto dealer

Security researchers are racing to head off an Internet worm that is scheduled to phone home for instructions Wednesday, possibly to cause widespread damage. Known as Conficker or Downadup, the worm has been sitting dormant inside the 10 million to 12 million…

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FRANKFURT (Reuters) – Porsche SE landed a 6.8 billion euro ($8.99 billion) windfall from its share options in Volkswagen during the first half, lifting its pretax profit to more than twice its revenue.

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VW hedges give Porsche 6.8 billion euro windfall

BRUSSELS (Reuters) – Stricken financial group Fortis plunged to a mammoth 28.0 billion euro ($37 billion) loss in 2008 due to huge negatives from banking activities stripped out by the Belgian and Dutch states.

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Fortis plunges to 28 billion euro 2008 loss on banking