AP – A 35-year-old chair lift due to be replaced failed Tuesday in high winds at a Maine resort, sending skiers — some of them children — plummeting into ungroomed snow far below that fell with the Northeast’s recent blizzard and softened the landing. At least eight were injured.
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Ski lift accident in Maine sends 8 to hospital (AP)
Reuters – New sales data confirm that retailers are poised to show their best holiday season in three years, but investors seemed unimpressed as concerns mount that shoppers will pull back in the new year.
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Investor doubts linger over holiday sales upside (Reuters)
Reuters – Allstate Corp has sued Bank of America Corp, its Countrywide lending unit and 17 other defendants for allegedly misrepresenting the risks on more than $700 million of mortgage securities it bought from Countrywide.
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Allstate sues BofA, Mozilo over Countrywide losses (Reuters)