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Reported by: Sonya Kullmann Tuesday, Nov 3, 2009 @05:47am CST If you're keeping on top of the stock markets this morning...Tuesday, November 3, 2009... The Nikkei is closed today for National Culture Day in Japan. Monday, the Dow picked up 76 points. And the Nasdaq added four. Millions of Americans could see their jobless benefits extended through the holiday season. The Senate is expected to vote on a bill this week. It provides up to 14 additional weeks of unemployment benefits to people who need it. An $8,000 tax credit for first time home-buyers would also be extended through June. The bill will cost more than $22 billion during the next ten years. It's expected to win quick passage in both houses of Congress before heading to the president's desk. Ford Motor Company reports earnings of $1 billion in the third quarter. While Ford's turnaround looks to be on more solid ground, there are still obstacles to overcome. Labor trouble could still cause trouble. Ford lost more than $14 billion last year. It hasn't posted a full-year profit since 2005. Tough economic times may mean fewer tips during the holiday season. A poll conducted around this time last year showed a decline in tips given to workers. But a new study, done by Consumer Reports National Research Center, shows the trend may continue. More than 20-percent of those surveyed say they plan to spend less this year. |
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