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- Comtech Telecommunications Corp. and CPI International Inc. said Tuesday they were calling off their plan to combine and Comtech will get a termination fee of $15 million. Full story

- Utah officials have revised their estimate of the state s fiscal 2010 budget deficit to just under $28 million from initial forecasts of between $50 million and $150 million, Governor Gary Herbert s office said on Tuesday. Full story

- The pundits claim that the Fed is out of bullets, but Chairman Bernanke has an ordnance factory capable of producing whatever caliber is needed for the task at hand. Full story

- Interest rates on short-term Treasury bills fell in Tuesday s auction to the lowest levels since late June. The Treasury Department auctioned $30 billion in three-month bills at a discount rate of 0.135 percent, down from 0.145 percent last week. Full story

- Hedge Funds Cave In to Rallying Bond Market Hedge funds and other speculative investors turned bullish on the benchmark 10-year Treasury notes for the first time in 20 months, as many participants caved in to a rallying bond market. Full story

- Royal Mail Pension Plan Narrows Deficit A sophisticated derivatives strategy has helped the pension fund for the U.K. s Royal Mail to make a 29% return on its money last year, reducing the company s deficit and potentially helping along its possible privatization. Full story

- Two regional Federal Reserve banks, Kansas City and Dallas, pushed again for a modest increase in the rate charged to banks for emergency loans, according to minutes from an August policy meeting released on Tuesday. Full story

- The Treasury Department sold $33 billion in 3-year notes Tuesday at a yield of 0.79%, a record low for an auction. Bidders offered to buy 3.21 times the amount of debt sold, compared to an average of 3.10 times for the past 12 months. Full story

- Two projects in southwestern Virginia will receive federal stimulus funding to provide high-speed Internet access in rural areas. Full story

- For details of the U.S. Treasury s offering of 4-week bills and 56-day cash management bills offering, please see: 4-week bills: http://www.treasurydirect.gov/instit/annceresult/press/preanre/2010/A_20100907_1.pdf Full story