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Siemens cuts jobs in downturn 2:01 Report

Jul 8 - The industrial giant said that the global economic downturn and intensifying competition was forcing it to shed 16,750 jobs globally.

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Senate panel approves Bernanke nomination

WASHINGTON (Reuters) - The U.S. Senate Banking Committee on Thursday approved the nomination of Federal Reserve Chairman Ben Bernanke for a second term, sending it to the full Senate for a final confirming vote. | Video

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