New York Borrows Internally to Cover Record General Fund Gap

New York state ended 2009 with $883.7 million of available cash, after borrowing from its short-term investment pool to absorb a record $600 million deficit in its general fund, according to a report by Comptroller Thomas DiNapoli.

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Worst Decade For Stocks, But Not All Stocks

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Emerging-Market Stocks Gain, Post Biggest Yearly Rise on Record

Emerging-market stocks rose to the highest level in more than 16 months, extending their biggest yearly gain on record, after China pledged to maintain stimulus programs that have helped bolster the global economy.

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NBC Adds Pilots to Reverse Falling Ratings

NBC, last among U.S. television networks in prime-time viewers, plans to increase production of new shows to the most since 2003 to reverse seven straight seasons of declining ratings.

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Wells Fargo’s Stumpf Gets $10 Million in Stock, No Cash Bonus

Wells Fargo & Co., the lender that repaid U.S. bailout funds, denied cash bonuses to four top managers and awarded “retention performance shares,” with Chief Executive Officer John Stumpf getting stock valued at $10 million.

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