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Moody's lowers some ratings on Spanish banks

Moody's lowers some ratings on Spanish banks
By The Associated Press Moody's Investors Service on Friday lowered its ratings on four Spanish banks owned by a government fund due to expected losses in the financially strapped country. Spain's banks and government are struggling as the country suffers through its second recession in

US unemployment below 8 pct, first time since 2009

US unemployment below 8 pct, first time since 2009
By CHRISTOPHER S. RUGABER and PAUL WISEMANAP Economics Writers WASHINGTON (AP) - The U.S. unemployment rate dropped below 8 percent for the first time since the month President Barack Obama took office, a surprising lift for both the economy and his re-election hopes in the final weeks of the

Can stocks continue to rise as earnings fall?

Can stocks continue to rise as earnings fall?
By BERNARD CONDONAP Business Writer NEW YORK (AP) - One type of investor buys stocks when everyone is convinced that corporate earnings will fall. He buys because he thinks they're wrong and earnings will rise instead. Call him the contrarian. Another type of investor buys when everyone

Job trends key to presidents seeking re-election

Job trends key to presidents seeking re-election
By Associated Press WASHINGTON (AP) - Rising unemployment hurts an incumbent president's re-election prospects. Here's a look at the role unemployment trends have played in elections since 1980 when sitting presidents sought to stay in the White House.

THE RACE: Jobs news may help Obama regain footing

THE RACE: Jobs news may help Obama regain footing
By TOM RAUMAssociated Press Finally, positive news on the jobs front. At least things are headed the right way. And the 7.8 percent September unemployment rate, down from 8.1 percent in August, was clearly welcome to President Barack Obama. It could help him regain footing after a shaky first

WHY IT MATTERS: Issues at stake in election

WHY IT MATTERS: Issues at stake in election
By The Associated Press A selection of issues at stake in the presidential election and their impact on Americans, in brief: Abortion: Abortion and birth control are divisive issues in politics, and they've flared up at times in this campaign despite the candidates' reluctance to dwell

WHY IT MATTERS: Issues at stake in election

WHY IT MATTERS: Issues at stake in election
By The Associated Press A selection of issues at stake in the presidential election and their impact on Americans, in brief: Abortion: Abortion and birth control are divisive issues in politics, and they've flared up at times in this campaign despite the candidates' reluctance to dwell

CBO tallies 2012 deficit at $1.1T

CBO tallies 2012 deficit at $1.1T
By ANDREW TAYLORAssociated Press WASHINGTON (AP) - A new estimate puts the deficit for the just-completed 2012 budget year at $1.1 trillion, the fourth straight year of trillion dollar deficits on President Barack Obama's watch. The result was a slight, $207 billion improvement from the

AdWatch: Romney pitches 12 million jobs in new ad

AdWatch: Romney pitches 12 million jobs in new ad
By HENRY C. JACKSONAssociated Press WASHINGTON (AP) - TITLE: "12 Million Jobs" LENGTH: 30 seconds. AIRING: Mitt Romney's campaign did not disclose where this ad is running. KEY IMAGES: The ad shows GOP presidential candidate Mitt Romney getting behind the wheel of an SUV, then cuts to

Jobs report brings down debate high in Romney camp

Jobs report brings down debate high in Romney camp
By STEVE PEOPLESAssociated Press ABINGDON, Va. (AP) - The cheering stopped on Mitt Romney's campaign plane Friday morning. The day before, aides had whistled and clapped when the Denver control tower commended the Republican presidential nominee's debate performance. It was a rare