Money Minute: Ciul, General Motors, Linens

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Mark Hamrick: AP Money Minute. Looking for a new search engine? Cuil, spelled C, U, I, L, is the latest to offer up answers. Backed by $33 million of venture capital, the search engine began processing requests for the first time Monday. Cuil is the brainchild of former Google employees. Cuil search index spans 120 billion web pages.

General Motors will slash production by another 117,000 vehicles, citing continued weakness in consumer demand for pickups and SUVs. GM says the cuts will come by eliminating 1 shift each at its Moraine, Ohio and Shreveport, LA plants. Production cuts will increase the total number to just under 300,000 units. GM officials had hoped to drop this year.

Bankrupt retailer Linens 'n Things will close fewer stores than originally expected. Home furnishings at the bedding retailer will close only 57 stores during the latest part of its restructuring. It originally planned to close 87. Overall,Linens N' Things will shutter 177 stores around the country. I'm Mark Hamrick with AP Money Minute.
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