FT.com - Downbeat comments by Federal Reserve Chairman Ben Bernanke drove Wall Street lower on Thursday, deepening the gloom triggered earlier by weak economic data and a slew of disappointing earnings. Continue

Reuters - Officials in Vallejo, California hammered out a financial agreement late on Thursday with police and fire-fighters that may allow the cash-strapped former Navy town to avoid becoming the first sizeable city in the state to file for bankruptcy.

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