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• Reuters Business

  • Alcoa to slash jobs and sell 4 units
    NEW YORK (Reuters) - Alcoa Inc said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminum production in the face of the global economic downturn.
  • Stocks rise on stimulus plan hopes
    NEW YORK (Reuters) - Stocks gained on Tuesday on the increased likelihood of a government stimulus package after the release of minutes from the last Federal Reserve policy meeting painted a dismal picture of the U.S. economy.
  • U.S. budget deficit seen topping $1 trillion in 2009
    WASHINGTON (Reuters) - Politicians want American consumers to resume spending to pull the economy out of its tailspin, and the U.S. government is leading by example with a potential $1 trillion deficit in 2009 -- even before a massive stimulus plan.

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• Market Watch

  • Stocks in focus for Wednesday
    Among the companies whose shares are expected to see active trade in Wednesday's session are Bed Bath & Beyond, Constellation, Monsanto and Alcoa.
  • Marshall Loeb: Four reasons America's drive for longer life is stuck in neutral
    How long can you expect to live? The answer to that tantalizing question tells a lot about the success of a nation -- or the lack of it.
  • TaxWatch: IRS promises to help struggling taxpayers during financial crisis
    The IRS on Tuesday announced new steps to ease pressure on people struggling to pay taxes during the global economic crisis.
  • Ray Beauchemin's Letters from Abu Dhabi: Gulf states may not speak in one voice but will share a currency
    The situation in the Gaza Strip has dominated headlines around the world since late December, particularly here in the Middle East, where, many in North America might be surprised to know, Arabs and Muslims do not speak with one voice on Palestinian issues.
  • Bank of America CEO sees 2008 results below expectations
    Bank of America Chief Executive Kenneth Lewis warns that 2008 results will fall short of expectations and says executives at the giant lender, including himself, shouldn't get bonuses for last year, according to a report.