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The Seattle Times: Business & Technology
- Employers cut 533,000 jobs in Nov., most in 34 years
Skittish employers slashed 533,000 jobs in November, the most in 34 years, catapulting the unemployment rate to 6.7 percent, dramatic proof the country is careening deeper into recession. - Stocks rally after sharp losses
Stocks turned sharply higher after showing steep losses in the first half of the session, with Wall Street's initial dejection over a bleak... - Home loan troubles break records again
A record one in 10 American homeowners with a mortgage were either at least a month behind on their payments or in foreclosure at the end of September as the source of housing market pressure shifted from risky loans to the crumbling U.S. economy. - Microsoft snags former Yahoo search-technology whiz to lead online division
Qi Lu, a 47-year-old computer scientist who left Yahoo in August after a decade there, will be president of the Online Services Group, a high-profile position vacant since July. - 2-year delay of 787 jet reported
When Boeing releases the revised delivery schedule for its 787 Dreamliner later this month, the timetable is likely to be shoved out at least another six months. - Bellevue's T-Mobile campus is growing
While other companies are relinquishing office space, T-Mobile USA is expanding its headquarters in Bellevue's Factoria area. - King County home prices fall 9% in November
With home sales and prices down, November was "terrible" for the Puget Sound real-estate market. - Starbucks may miss estimates for first quarter
Chief Financial Officer Troy Alstead said U.S. same-store sales have dropped 9 percent since Starbucks' fiscal first quarter began at the end of September. - Retail Report: Shops for lavender-lovers
Pelindaba Lavender cultivates more than 25,000 plants on several fields. About 240 products are handmade on site and sold at four signature stores in the Puget Sound area, as well as online at www.pelindabalavender.com - Bernanke urges action to curb foreclosures
Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession. - Credit markets' rising rates pose economic threat
Rising rates on corporate bonds and commercial mortgage-backed securities, and the decline of more companies into "junk" status, could add to the economy's pain in the coming year ? even if homeowners' monthly mortgage payments drop, thanks to the government's plan to buy mortgage assets. - Kashkari: Taxpayers will see return from bailout
Taxpayers will get money back from the government program providing up to $250 billion in capital to banks around the country, a Treasury Department official said Friday. - Robbers in drag get millions in Paris jewel theft
Armed robbers - some disguised as women - snatched euro85 million ($108 million) worth of diamond rings, necklaces and luxury watches from a Harry Winston boutique on a posh Paris avenue in one of the largest jewel heists in history, officials said Friday. - Flow quarterly sales climb, profit tumbles
Flow International reported an 82 percent decrease in second-quarter profit after closing facilities in Canada and South Korea. - European stocks close sharply lower after US data
World markets extended their losses Friday, with European stocks closing massively lower, after a dismal U.S. jobs report increased worries that the world's largest economy is sliding faster than previously expected. - A first: An oil expo in Baghdad
Iraq launched an unprecedented public campaign Friday to attract investment from international oil companies, rolling out a red carpet - literally - for executives from as far away as Russia and Japan. - ADB lends $500 mln to clean up dirtiest river
The Asian Development Bank on Friday approved a $500 million loan for cleaning up Indonesia's Citarum River, calling it the world's dirtiest. - American Apparel, former worker file dueling suits
American Apparel and an employee who had worked for the retailer from its inception filed dueling lawsuits this week, the latest legal trouble for the cotton clothier. - Anti-government Croatian protests fizzle
Anti-government protests organized on Facebook fizzled Friday when roughly 3,500 people turned out for a demonstration that organizers hoped would draw 60,000. - AP IMPACT: Some bailout holdings down $9 billion
Stock intended to eventually earn taxpayers a profit as part of the Bush administration's massive bank bailout has lost a third of its value - about $9 billion - in barely one month, according to an Associated Press analysis. Shares in virtually every bank that received federal money have remained below the prices the government negotiated. - Ask AP: Bottom-up bailouts, gas pump tampering
If troubled automakers and banks need government bailouts, why not give their customers federally financed vouchers to help cover car and mortgage payments - so both consumers and companies could benefit from the money? - Bank of America gets EU's OK to buy Merrill Lynch
European Union antitrust regulators on Friday cleared Bank of America Corp. to buy Merrill Lynch & Co., saying they saw no problems with the $50 billion takeover that will create the largest U.S. financial services company. - BMW's November sales slide 25 percent
Automaker BMW AG said Friday that its global sales last month slid 25 percent as the global financial crisis caused consumers to hold back from buying new cars. - Brazil inflation unexpectedly slows in November
Brazil's inflation unexpectedly slowed in November, the government said Friday, rising at a rate lower than analysts had predicted. - Brown-Forman reports 11 pct rise in 2Q earnings
Showing strength in a weak economy, Brown-Forman Corp. said Friday its second-quarter profit rose 11 percent on gains by its Jack Daniel's Tennessee Whiskey and Finlandia vodka brands. - CEO of Australia's Fairfax Media resigns
The chief executive of Fairfax Media, publisher of the Sydney Morning Herald, quit Friday after three years at the helm of a company tha