BUSINESS

Stock index futures point to flat start

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Stock index futures pointed to a flat open on Wall Street on Thursday, with futures for the S&P 500 down 0.1 percent, Dow Jones futures flat and Nasdaq 100 futures up 0.2 percent at 4:45 a.m. ET.

Worst yet to come for China growth: economist

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Facing stiff global headwinds and a downturn in its property sector, China should cut taxes and slash banks' reserve requirements this year to underpin growth, a senior government economist said on Thursday.
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European shares firm, debt auctions eyed

European shares hit a six-week high on Thursday adding to solid gains after global manufacturing data eased fears about the growth outlook, but with Greek debt talks unresolved, gains were limited.
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JPMorgan wows Wall Street with Facebook IPO win

JPMorgan Chase & Co surprised Wall Street by winning a leading role in Facebook's much anticipated public offering, besting other banks that have competed for months for the coveted position.
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Factbox: The world's largest social network

Facebook filed on Wednesday to raise a targeted $5 billion in a hotly anticipated initial public offering, setting the stage for Silicon Valley's biggest-ever IPO. Here are some key facts about the company:
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Colin Firth to Star in West Memphis 3 Movie Devil's Knot

Colin Firth has signed on to star as Ron Lax, the private investigator whose detective work helped get three men who had been convicted of murder released from prison in Arkansas, the producers of the Devil's Knot told TheWrap Wednesday.
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EA sells 2 million units of Star Wars, shares up

Electronic Arts' told investors on Wednesday that its highly anticipated Star Wars game was off to a strong start and dismissed reports that players were leaving the new Internet game in droves, and its shares rose 6 percent after the market closed.
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Manufacturing picks up, but private job gains slow

Manufacturing growth accelerated in January to its highest level in seven months, though a measure of employment faded and private-sector employers added fewer jobs than expected, data showed on Wednesday.
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Senators mull sanctions on Iran's Ahmadinejad

Lawmakers are considering a bid to force President Barack Obama's administration to blacklist Iran's President Mahmoud Ahmadinejad and the country's supreme leader, Ayatollah Ali Khamenei, in an effort to thwart Tehran's nuclear capabilities, a congressional aide said on Wednesday.
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JPMorgan slashes $710 million Lehman bankruptcy claim

JPMorgan Chase & Co has agreed to drop almost all of a $710 million claim against Lehman Brothers Holdings Inc's bankruptcy estate, freeing up more money to be distributed to creditors, Lehman said on Wednesday.
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Global manufacturing activity rises in January

Factory activity rose in China, the United States and Germany in January, and the three manufacturing superpowers drove gains in global output even as Europe struggles with fallout from its festering debt crisis.
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Open Text Q2 profit jumps 28 percent

Business software company Open Text posted a 28 percent jump in second-quarter profit on Wednesday on solid demand from services, technology and financial customers.
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AMR wants to cut 13,000 jobs, pensions

AMR Corp, the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.
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Exclusive: MF Global triggers regulatory rethink at CFTC

The head of the Commodity Futures Trading Commission has ordered an extensive review of how futures brokerages are regulated, following the collapse of MF Global three months ago, a CFTC official told Reuters on Wednesday.
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Auto sales in January show unusual strength

Auto sales rose more than 11 percent in January, a surprisingly robust showing that marked the strongest annualized sales rate for the industry in nearly two-and-a-half years.
Mateus Silva and his daughters at their Lisbon trailer, before being evicted

Desperate Portugal Family, Evicted From Trailer, Sets Home on Fire [PHOTOS]

As a protest for being evicted from their parking lot trailer home, Mateus and Leonor Silva returned last week to set the structure ablaze. Portugal, among several other European countries, are seeing social unrest after adopting severe austerity measures that have cut back on services for the needy, including the unemployed and homeless
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SEC advisory panel concerned about crowdfunding

An advisory committee urged U.S. securities regulators on Wednesday to relax outdated rules that trigger public financial reporting for companies, but it stopped short of backing a new capital-raising strategy known as crowdfunding.
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AMR expects to slash about 13,000 jobs

AMR Corp, the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.
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AMR to seek $2 billion in cost cuts

AMR Corp , the bankrupt parent of American Airlines, wants to slash costs by more than $2 billion annually, with more than half the savings coming from employees, the company said on Wednesday.
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Auto sales in Jan show unusual strength

Major automakers reported a nearly 12 percent gain in U.S. sales in January, a surprisingly strong showing driven by the growing need for American drivers to replace aging cars and trucks.
AOL CEO and Arianna Huffington

AOL Shares Jump 16% on Display Ad Gains

Shares of AOL, the seventh most-visited Website, leaped as much as 16.5 percent Wednesday after reporting improved financial results bolstered by a rise in display advertising.
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Much of Vivendi U.S. shareholder lawsuit dismissed

Vivendi SA has won the dismissal of much of what remained in a nearly decade-old U.S. lawsuit accusing the French media company of misleading shareholders about its finances in connection with a $46 billion merger.
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AMR Corp may cut up to 14,000 jobs to trim costs

AMR Corp, the bankrupt parent of American Airlines, may slash between 12,000 and 14,000 jobs as part of a bankruptcy cost-cutting strategy the carrier says is necessary to compete with rivals.
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Wall Street rises on factory data, Greece

Stocks extended January's rally, climbing more than 1 percent on Wednesday after upbeat global manufacturing data and as Greece neared a long-delayed deal with private creditors.
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AMR Corp wants to slash thousands of jobs

AMR Corp, the bankrupt parent of American Airlines, may slash between 12,000 and 14,000 jobs as part of a bankruptcy cost-cutting strategy the carrier says is necessary to compete with rivals.
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Google defends change to privacy policies

Planned changes to Google Inc's privacy policies that have caught the attention of U.S. lawmakers would not take away the control its customers have over how data is collected and used, the company said in a blog post on Tuesday

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