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• Wall St drops, 3M drags industrials down (Reuters)
• Exxon quarterly profit up 55 pct, tops Street (Reuters)
• Jobless claims drop to three-month low (Reuters)
• Motorola cellphone unit turns profit after 3 years (Reuters)
• Wells Fargo to amend 55,000 foreclosures (Reuters)
• A look at economic developments around the globe (AP)
• A snapshot of the AP Economy Survey results (AP)
• Dow Chemical 3Q profit falls, but revenue up (AP)
• EU scrambles to defuse row at economic crisis summit (AFP)
• Mortgage rates rise to 4.23 pct., near record low (AP)
• IMF says dollar 'overvalued' (AFP)
• Wal-Mart considering smaller Massmart stake (AP)
• Foreclosures up in Jackson, Gulfport-Biloxi, Miss. (AP)
• Oil prices rise as dollar falls (AP)
• From pot to saving puppies, US voters have lots to decide (AFP)
• Chrysler to invest $600M in Illinois factory (AP)

Wall St drops, 3M drags industrials down (Reuters) Posted: 28 Oct 2010 08:05 AM PDT Reuters - Stocks fell on Thursday, as 3M dragged industrial shares lower and investors shied away from big bets ahead of the Federal Reserve's expected monetary easing.

Exxon quarterly profit up 55 pct, tops Street (Reuters) Posted: 28 Oct 2010 05:59 AM PDT Reuters - Exxon Mobil , the world's largest publicly traded oil company, said on Thursday its quarterly profit rose 55 percent, topping expectations, as higher crude prices and improved refining margins boosted results.

Jobless claims drop to three-month low (Reuters) Posted: 28 Oct 2010 06:00 AM PDT Reuters - New claims for unemployment benefits fell last week to a three-month low, hinting at some improvement in the listless labor market.

Motorola cellphone unit turns profit after 3 years (Reuters) Posted: 28 Oct 2010 07:18 AM PDT Reuters - Motorola Inc made money from its phones for the first time in more than three years, helped by smartphones running Google Inc's Android software, and its shares rose nearly 7 percent.

Wells Fargo to amend 55,000 foreclosures (Reuters) Posted: 28 Oct 2010 08:33 AM PDT Reuters - Wells Fargo & Co. said on Wednesday it will re-file documents on 55,000 foreclosures, drawing immediate fire from one of the state attorneys general most critical of banks in the continuing home foreclosure crisis.

A look at economic developments around the globe (AP) Posted: 27 Oct 2010 11:54 AM PDT AP - A look at economic developments and activity in major stock markets around the world Wednesday:

A snapshot of the AP Economy Survey results (AP) Posted: 28 Oct 2010 03:21 AM PDT AP - The quarterly AP Economy Survey drew upon forecasts from 43 economists. Here are their average predictions, along with historical context:

Dow Chemical 3Q profit falls, but revenue up (AP) Posted: 28 Oct 2010 08:57 AM PDT AP - The Dow Chemical Co. said its third-quarter financial performance improved as it sold more products on stronger demand, particularly in Europe, the Middle East and Africa.

EU scrambles to defuse row at economic crisis summit (AFP) Posted: 28 Oct 2010 06:39 AM PDT AFP - European Union leaders scrambled Thursday to settle a sharp row about rewriting the bloc's ruling treaty as they moved to radically change the way governments manage their finances.

Mortgage rates rise to 4.23 pct., near record low (AP) Posted: 28 Oct 2010 07:15 AM PDT AP - Rates on 30-year fixed mortgages rose slightly this week to an average of 4.23 percent, just above the lowest level in decades.

IMF says dollar 'overvalued' (AFP) Posted: 28 Oct 2010 07:44 AM PDT AFP - The International Monetary Fund on Thursday said the dollar was overvalued on currency markets, while the euro, yen and pound were in line with fundamentals.

Wal-Mart considering smaller Massmart stake (AP) Posted: 28 Oct 2010 08:25 AM PDT AP - Wal-Mart Stores Inc. is considering taking a smaller stake in South African retailer Massmart Holdings Ltd. to keep its listing on the Johannesburg Stock Exchange

Foreclosures up in Jackson, Gulfport-Biloxi, Miss. (AP) Posted: 28 Oct 2010 07:43 AM PDT AP - Two Mississippi areas — Jackson and Gulfport-Biloxi — recorded increases in foreclosure actions against delinquent homeowners during the third quarter, a national tracking organization said Thursday.

Oil prices rise as dollar falls (AP) Posted: 28 Oct 2010 08:56 AM PDT AP - Oil prices rose on Thursday as the dollar lost some ground against the euro and other foreign currencies. At midday benchmark crude for December delivery added 33 cents at $82.27 a barrel on the New York Mercantile Exchange.

From pot to saving puppies, US voters have lots to decide (AFP) Posted: 28 Oct 2010 07:18 AM PDT AFP - Legalizing marijuana, slashing taxes, shutting down puppy mills, curbing health care reform and blocking California's attempt to cut greenhouse gas emissions: US voters have a lot of decisions to make in next week's elections.

Chrysler to invest $600M in Illinois factory (AP) Posted: 28 Oct 2010 08:45 AM PDT AP - Chrysler Group LLC will invest $600 million in its Belvidere, Ill., assembly plant to build new cars starting in 2012, the company announced Thursday.

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