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BEIJING, Nov. 13 (Xinhua) — China should keep home prices from long time “abnormal increases” and divert profits made from home price hikes to the public through taxation, a senior property official said here Friday.
Dong Zuoji, director of land planning department of the Ministry of Land and Resources, said home prices would continue to […]

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(Reuters) – Unhappy over constraints imposed by U.S. government overseers, American International Group Inc (AIG.N) Chief Executive Robert Benmosche told the company's board last week that he is considering stepping down, the Wall Street Journal said, citing people familiar with the matter.
The giant insurer's chief executive is particularly unhappy over a recent compensation review […]

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Stocks fluctuated in early trading Thursday as investors sorted through a disappointing reading on the labor market and another pile of earnings reports.
The market is trying to rebound a day after a late-session sell off pushed major indexes lower. Lingering concerns over whether investors had been overly optimistic about an economic rebound in pushing the […]

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Shares on Wall Street began the day trading higher Wednesday as third-quarter earnings reports once again set the tone for the market.
Investors continue to look for clues about consumers’ habits and the economy’s health.
Morgan Stanley, Wells Fargo & Company and US Bancorp all reported better results for the third quarter. However, the three financial firms […]

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(Reuters) – Blackstone Group (BX.N) is finding it difficult to raise money for a new leveraged buyout fund, the New York Post said, citing people familiar with the matter.
The private equity firm, which hoped to raise a fund as large as $20 billion, has raised $9 billion at most since fundraising began in early […]

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NEW YORK (Reuters) – Wall Street was set for a lower open on Friday after General Electric Co (GE.N) a 42 percent drop in quarterly earnings and Bank of America Corp (BAC.N) posted a quarterly loss before the open.
S&P 500 futures fell 2.90 points and were below fair value, a formula that evaluates pricing […]

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HONG KONG (Reuters) – Asian shares rose to 14-month highs on Thursday as upbeat retail sales and surprisingly bullish earnings reports in the United States buoyed risk appetite, pushing the U.S. dollar to a 14-month low.
Shares in Japan jumped more than 2 percent as investors bought exporters who might benefit from rising U.S. demand […]

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QUITO, Ecuador — The multibillion-dollar legal case between Amazon peasants and Chevron over oil pollution in Ecuador’s rain forest keeps unfolding more like a mystery thriller than a battle of briefs.
Ever since the oil giant released videos in August that were secretly taped by two businessmen who seemed to have the ambition of feasting […]

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PARIS — Société Générale, the French bank, said Tuesday it planned to raise €4.8 billion, or $7.02 billion, in a rights offering to repay government bailout funds and pursue acquisitions.
The moves comes just a week after BNP Paribas, the largest bank in France, said that it would raise €4.3 billion from investors to help repay […]

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The nation’s drive toward computerized medical records is getting a push from big hospitals, which hope not only to improve patient care but to gain an edge on competitors.
And an effort to be announced on Monday by a big New York regional hospital group may be the most ambitious effort of this type yet […]

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LONDON (Reuters) – Kraft Foods Inc (KFT.N) is poised to launch a hostile bid for Cadbury Plc (CBRY.L) valuing the British confectionery business at around 11 billion pounds ($17.6 billion), a report in The Observer newspaper said.
In a separate interview with the Sunday Times, Kraft Chairman and Chief Executive Irene Rosenfeld said Cadbury CEO […]

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Filed at 12:47 a.m. ET
HONG KONG (AP) — Asian stocks rose Wednesday, lifted by better news about the U.S. economy and comments from the Federal Reserve’s chairman that the recession was likely over.
Major benchmarks in Japan, Korea and Hong Kong were up about 2 percent each, following on the heels of more gains on Wall […]

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NEW YORK (Reuters) – U.S. stock index futures fell on Monday as a decision by the United States to impose special duties on Chinese tires sparked investor concerns about a possible trade dispute.
* The decision by U.S. President Barack Obama could open the door to a host of trade complaints against Chinese products, creating […]

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LOS ANGELES, Sept. 1 (Xinhua) — The number of people hitting the road for Labor Day weekend is expected to be sharply down from last year, the Automobile Club of Southern California said on Tuesday.
On most roadways, traffic is expected to be lighter this holiday weekend, due to a combination of the sluggish economy […]

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OAK BLUFFS, Massachusetts (Reuters) – U.S. President Barack Obama will nominate Ben Bernanke to a second term as chairman of the Federal Reserve on Tuesday, seeking to keep him in place to steer the world's largest economy out of its deepest downturn since the Great Depression.
Obama will interrupt his vacation on the Massachusetts island […]

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Filed at 10:06 a.m. ET
WILMINGTON, Delaware (Reuters) - Sears Holding Corp <SHLD.O> reported a surprise quarterly loss that dimmed investors’ hopes that Chairman Eddie Lampert could succeed in turning around the struggling retailer.
The company’s cost cuts, its main focus, failed to keep pace with declining revenue, sending it to a loss of 17 cents per […]

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BRUSSELS, Aug. 18 (Xinhua) — The European Commission said on Tuesday it had launched an investigation after a series of alleged cases of exploding iPhones and iPod music players.
Commission spokeswoman Helen Kearns told reporters that the commission, which is responsible for safety of consumer products across the European Union (EU), had asked the U.S. […]

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More reminders of a weak job market chilled Wall Street on Wednesday.
Shares moved slightly lower after a private-sector report on unemployment offered little encouragement ahead of Friday’s crucial jobs data from the Labor Department.
The ADP National Employment Report, a closely watched precursor to the government’s report, said Wednesday that employment fell by 371,000 in […]

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NEW YORK (Reuters) – Stocks traded near break-even on Tuesday as an advance in financial shares offset caution over the sustainability of the market's recent rally.
The Dow Jones industrial average (.DJI) gained 3.25 points, or 0.03 percent, to 9,289.81. The Standard & Poor's 500 Index (.SPX) edged up 0 faxless payday loans.45 points, or […]

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LONDON (Reuters) – World stocks climbed to a new 2009 high on Monday with banking news from Europe generally positive and signs of a pick up in Chinese economic activity lifting Asian shares.
The dollar recovered slightly from early lows against a basket of major currencies (.DXY) but was close to a 2009 trough.
European […]

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