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When the textile mill goes, so does a way of life

Jane Knudsen was a 19-year-old mother of two when she went to work in a textile mill here in 1973. Jobs were plentiful: "When you started work, you thought you'd be there until you retired," she says.

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Bank of America to deny debit card overdrafts

In a significant policy reversal, the USA's largest bank will stop letting customers overdraw their checking accounts with one-time debit card transactions.

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Lower credit card debt traced mainly to charge-offs

Americans cut more than $93 billion in credit card debt from 2008 to 2009. Good news, right?

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Airlines launch 2-day summer airfare sale

Some steep discounts are available to air travelers in the next two days in what one industry analyst calls "the first big summer fare sale" of the year.

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Toyota faced with 2 more cases of runaway Priuses

As Toyota sought to contain the fallout from a California sudden-acceleration case involving a Prius, another driver's out-of-control Prius slammed into a stone wall in New York on Tuesday.

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Salmonella finding did not stop distribution, FDA says

The company responsible for a ballooning recall of processed foods continued to manufacture and distribute a flavor-enhancing ingredient for a month after tests confirmed it was made with contaminated equipment, according to a Food and Drug Administration report.

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Stock market: Investors look for direction

Stocks were little changed Wednesday as investors continued to search for direction after two days of relatively flat trading.

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U.S. sells Washington Federal stock warrants for $15.4M

The Treasury Department has received $15.39 million from the sale of warrants it received from Washington Federal of Seattle as part of the support it provided from the government's $700 billion bailout program.

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Portugal raises $1.34B in successful bond auction

Financially troubled Portugal raised 990 million euros ($1.34 billion) Wednesday in a key bond auction that had more bids than bonds available, suggesting the government's austerity plan is easing market concerns about the country's ability to pay off its high debts.

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IRS to go easier on tax settlements

IRS agents will be more flexible with taxpayers who have seen their incomes drop during the recession.

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