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Economy

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David McNew/Getty Images
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Oil Prices Fall on Globel Economic Concerns

Oil is dropping after a bailout of Spain's banks has done little to ease doubts about a long-term solution for Europe's financial crisis.

Benchmark oil fell 75 cents to $83.35 per barrel Monday in New York

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John Moore/Getty Images
John Moore/Getty Images
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Key Senator Wants Tax-Overhaul To Boost Economy

WASHINGTON (AP) — The Senate's top tax writer says he wants to overhaul the nation's tax code to help make the economy stronger and raise additional revenue to reduce budget deficits.

Senate Finance Committee Chairman Max Baucus said in a speech Monday that a rewritten tax code should also promote more innovation and opportunity

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Mark Wilson/Getty Images
Mark Wilson/Getty Images
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Oil Rises Slightly With All Eyes On Europe

The price of oil is swinging between small gains and losses as the market waits for Europe's next move in trying to clean up its financial mess.

Benchmark oil rose 17 cents to $84.15 per barrel Tuesday in New York

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Gillette Economy 4th Among U.S. Cities Its Size

GILLETTE, Wyo. (AP) — A research firms ranks Gillette as the nation's fourth-strongest economy out of 576 cities around the nation with between 10,000 and 50,000 residents.

Sheridan is just behind at fifth

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Mario Tama/Getty Images
Mario Tama/Getty Images
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US Stocks Plummet As Outlook In Europe Dims

U.S. stocks are opening sharply lower as concerns about the stability of Europe's financial system return to the fore.

The European Union's government said early Wednesday that confidence across that continent fell sharply this month

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Justin Sullivan/Getty Images
Justin Sullivan/Getty Images
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Sales Contracts For Homes Dropped In April

WASHINGTON (AP) — A gauge of Americans who signed contracts to buy homes fell in April from nearly a two-year high in the previous month. Still, sales are well ahead of last year's level for the same month, a sign that a slow recovery in the housing market continues

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Justin Sullivan/Getty Images
Justin Sullivan/Getty Images
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Stocks Gain On Wall St.; Facebook Falls

NEW YORK (AP) — U.S. stocks are rising, shaking off their worst weekly performance since November, as investors latched on to a relatively optimistic report from economists.

The Dow Jones industrial average is up 78 points to 12,448 after six days of losses

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John Moore/Getty Images
John Moore/Getty Images
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Unemployment Falls In Two-Thirds Of US States

WASHINGTON (AP) — Unemployment rates fell in two-thirds of U.S. states last month, evidence that modest economic growth is boosting hiring in most areas of the country.

The Labor Department says unemployment rates dropped in 37 states in April, the most in three months

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Chip Somodevilla/Getty Images
Chip Somodevilla/Getty Images
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Boehner: Spending Cuts Must Offset Debt Limit Hike

WASHINGTON (AP) — House Speaker John Boehner says that when Congress raises the nation's borrowing cap he will again insist on spending cuts and budget reforms to offset the increase.

The Ohio Republican took the same stance a year ago during last summer's debt battle

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Oil-Shale Companies To Tout Research Projects

SALT LAKE CITY (AP) — A company that holds a federal lease for an oil-shale demonstration project says it's getting ready to produce some oil.

American Shale Oil LLC planned to brief an Unconventional Fuels conference Tuesday at the University of Utah

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