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WASHINGTON – New orders at U.S. factories fell a more-than-expected 1.7 percent in September, as orders for both durable and non-durable goods dropped, a government report showed Thursday. Analysts polled by Reuters had been expecting a 1 percent decline. It was the second fall in three months in factory orders …

CHICAGO – The union representing pilots at Northwest Airlines (NWACQ) said it reached a tentative deal with the airline on a 24 percent pay cut that would stall the carrier’s effort to have a bankruptcy court void the pilots’ contract. The Air Line Pilots Association (search) (ALPA) said late on …

WASHINGTON – Ben Bernanke is one step away from becoming the next Federal Reserve Board chairman after the Senate Banking Committee approved his nomination Wednesday on a voice vote. The vote to recommend Bernanke is the second-to-last hurdle to confirmation, a step that is expected in the full Senate, although …