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NEW YORK (MarketWatch) -- Former Vice President Al Gore said Thursday he would "not be taking a formal role" in the administration of President-elect Barack Obama, but that he has been in contact with Obama and would do whatever he could to help him.Design software maker Autodesk Inc. posts a profit gain for its fiscal third quarter, but also delivers an outlook for the current period that falls short of analysts' estimates.The latest money news from anchor Steve Potisk.SAN FRANCISCO (MarketWatch) -- Bank of New York Mellon Corp. said late Thursday it is cutting 1,800 jobs, or about 4% of its worldwide workforce. "It has become clear that we need to take additional steps beyond our merger synergies to reduce expenses, given the current weakness in the global economy," said Robert Kelly, Bank of New York Mellon chairman and chief executive, in a statement. "We will take advantage of natural turnover to lessen the impact on existing staff."CHICAGO (MarketWatch) - New York Times Co. said late Thursday that it has slashed its quarterly dividend to 6 cents a share from 23 cents in the face of an unprecedented decline in advertising revenue across the newspaper industry.Dell Inc. shares jumped nearly 6% Thursday evening following the technology bellwether’s report of higher-than-expected quarterly profit, while Autodesk Inc. moved lower after its results showed a higher profit but a shortfall in revenue expectations.Dell Inc. reports a 5% drop in its fiscal third-quarter earnings as the computer giant's sales also decline due to what company officials call "a challenging demand environment," particularly during the month of October.U.S. stocks nose-dive into the close, with the S&P 500 Index ending at its lowest level in more than 11 years, after it appeared unlikely Congress would quickly approve emergency loans for ailing automakers.In their latest attempt to keep people in their homes during the holidays, Freddie Mac and Fannie Mae order mortgage servicers and foreclosure attorneys to suspend foreclosure sales and evictions for certain properties.
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