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NEW YORK — Manufacturers, already hit by mounting job losses, saw business plummet to the lowest level in 26 years in October. Sharply lower auto sales and shrinking construction spending, meanwhile, provided more evidence the U.S. has entered a recession that may be deep and prolonged.
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WASHINGTON -- The U.S. Department of Energy unveiled rules to oversee its $25 billion auto loan retooling program late Wednesday, which could allow automakers and suppliers to win loans before year's end.
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