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AP Executive Morning Briefing1 day agoThe top business news from The Associated Press for the morning of Wednesday, June 24, 2009:Fed mulls tweaks to economic revival programsWASHINGTON (AP) — With signs the economy is improving but still fragile, Federal Reserve policymakers are considering whether some programs intended to drive down rates on mortgages and other consumer debt should be slowed down.

Most economists predict Fed Chairman Ben Bernanke and his colleagues won't launch any bold new efforts at the end of a two-day meeting Wednesday.___Boston Globe, union reach tentative agreementBOSTON (AP) — The Boston Globe and its largest union have reached a tentative agreement that will save the newspaper $10 million through salary and benefit cuts.

The Globe and the Boston Newspaper Guild issued separate e-mail statements late Tuesday announcing the agreement.

The deal is scheduled to come to a vote before Guild membership — made up of 700 editorial, advertising and business employees — on July 20.___Asian stocks recover ahead of Fed announcementHONG KONG (AP) — Asian stock markets recovered modestly Wednesday as investors awaited the outcome of the U.S.

Federal Reserve meeting later in the day.

Markets fluctuated in early trade before turning mostly green after tumbling Tuesday amid a World Bank forecast for a deeper recession this year.

Crude oil prices weakened, while the dollar rose against the yen.___Oil drops below $69 as traders eye US dollarSINGAPORE (AP) — Oil prices fell below $69 a barrel Wednesday in Asia, partially reversing gains sparked by a weakening U.S.


Benchmark crude for August delivery fell 57 cents to $68.67 a barrel by late afternoon Singapore time in electronic trading on the New York Mercantile Exchange.

On Tuesday, it rose $1.74 to settle at $69.24.___Memphis hospital confirms Jobs liver transplantLOUISVILLE, Ky.

(AP) — Apple co-founder and CEO Steve Jobs has an "excellent prognosis" after receiving a liver transplant at a Tennessee hospital, a doctor confirmed Tuesday.

"He received a liver transplant because he was ...

the sickest patient on the waiting list at the time a donor organ became available," said Dr.

James D.

Eason, chief of transplantation at Methodist University Hospital Transplant Institute in Memphis.


Jobs is now recovering well and has an excellent prognosis."___Oracle tops forecasts despite sales, profit dipSAN FRANCISCO (AP) — Software maker Oracle Corp.'s results for its latest quarter topped Wall Street's forecast Tuesday, despite a 5 percent drop in sales and a 7 percent decline in profit.

The company blamed the declines on the effects of a stronger dollar — which makes deals done in other currencies translate into fewer greenbacks.

Companies also have been shelling out less for new software because of the recession.___GM to cut 4,000 more white-collar jobs by year endDETROIT (AP) — About 4,000 more salaried workers at General Motors Corp.

will lose their jobs by the end of the year as the automaker continues to downsize.

The company notified its more than 27,000 U.S.

white-collar workers by e-mail Tuesday that that it will offer standard severance packages, and employees near retirement age will have the opportunity to retire early, spokesman Tom Wilkinson said.___Stocks close mixed as investors wait on the FedNEW YORK (AP) — Investors are holding off making big moves while they wait for the Federal Reserve.

Stocks ended little changed Tuesday, a day after the major indexes had their worst day in two months.

Traders are looking for the central bank at its two-day meeting ending Wednesday to outline its expectations for the economy and signal when it might raise interest rates.___Boeing again delays initial 787 test flightBoeing Co.

has again delayed the first test flight of its long-awaited 787 jetliner, a hot-selling aircraft seen as pivotal for the company and the way it builds airplanes in the future.

The Chicago-based aerospace giant said Tuesday it needs to reinforce small areas near the connection of the wings and fuselage before conducting the test flight, which Boeing had insisted would occur before July.

A revised schedule for the flight, as well as first deliveries to customers, will not be announced for several weeks.___Home sales stabilizing; weak recovery seenWASHINGTON (AP) — Nationwide home sales may have finally hit bottom, new data shows, but a host of thorny problems are hindering any recovery.

Sales of previously occupied homes rose by 2.4 percent from April to May — the third monthly increase this year — but the results missed analysts' expectations.___Gold PricesLONDON (AP) — Gold traded in London at $928.75 per troy ounce, up from $920.75 late Tuesday.___Japan MarketsTOKYO (AP) — The benchmark Nikkei 225 stock average rose 40.71 points, or 0.4 percent, to 9,590.32 after falling nearly three percent Tuesday amid a World Bank forecast for a deeper global recession this year.___Dollar-YenTOKYO (AP) — The dollar was trading at 95.47 yen in Tokyo Wednesday afternoon from 95.26 yen in New York late Tuesday.A service of The Associated Press.

Copyright 2009 All rights reserved.Copyright © 2009 The Associated Press.

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