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News Summary: Stock market losses increases

The Associated Press

LOSSES INCREASE: Moderate losses for the stock market in the first days of a partial government shutdown have accelerated this week as the U.S. moves closer to an Oct. 17 deadline for lifting the government's borrowing authority.

BILL FOLD: The yield on Treasury bills maturing in one month soared, as nervous bond investors sold the short-term U.S. government debt securities on concern that the standoff in Washington could jeopardize the nation's ability to pay interest on its debt.

SQUEEZED SALES: Fruit smoothie maker Jamba, the operator of Jamba Juice, plunged $2.53, or 18.8 percent, to $10.94 after the company cut its fiscal 2013 profit forecast, saying reduced spending by consumers hurt its sales in the third quarter.