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China trade growth slows to 2-year lows in December

China's exports and imports grew at their slowest pace in more than two years in December as foreign and domestic demand ebbed, data showed on Tuesday, bolstering expectations of more policy action from Beijing to support the world's number two economy.
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SEC wants banks to say more on European debt exposure

Jan 9 - The Securities and Exchange Commission has urged banks to publish more details about their exposure to European sovereign debt, a factor in the recent bankruptcy of the futures brokerage MF Global Holdings Ltd .
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Consumer credit surges by most since 2001

U.S. consumer credit surged 10 percent in November, its biggest jump in a decade in a positive signal for the economy as consumers tapped their credit cards and the government doled out more student loans.
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DoJ contacting additional banks on mortgage deal

As the government nears a deal with top banks to resolve mortgage abuses, the Justice Department has begun reaching out to other banks to gauge their interest in joining the wide-ranging settlement, according to a person familiar with the matter.
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Anti-Romney video's trailer ignites a buzz

Hollywood movie producers would kill for the kind of buzz that surrounds the barely seen video that could be the next bombshell in the campaign for the Republican presidential nomination.
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Amazon, Indiana strike state sales tax deal

Amazon.com Inc and Indiana Governor Mitch Daniels unveiled an agreement on Monday that may mean that the world's largest Internet retailer starts collecting sales tax in the state in 2014.
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U.S. eyes fewer abuses of phone subsidy for the poor

The top U.S. communications regulator on Monday proposed measures to eliminate the waste and fraud plaguing a telephone subsidy for the poor, and broaden the program to bring high-speed Internet to more low-income households.
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Apple's Cook got rich stock award worth $376 million

Apple Inc CEO Tim Cook took in almost $1 million of cash compensation in 2011 but also received a million restricted shares that, when they vest in 2016 and 2021, could net the head of the world's largest consumer electronics firm hundreds of millions of dollars.
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Amazon and Indiana strike state sales tax deal

Amazon.com Inc and Indiana Governor Mitch Daniels unveiled an agreement on Monday that may mean that the world's largest Internet retailer starts collecting sales tax in the state in 2014.
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Walgreen starts to move on without Express Scripts

Walgreen Co is going through the worst part of not being in Express Scripts Inc's network and, while the transition is difficult now, the drugstore should rebound as the year progresses, its top pharmacy executive said on Monday.
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Exclusive: SocGen sees 2012 investment-bank revenue slump

French bank Societe Generale is forecasting a significant drop in 2012 investment-bank revenue compared with 2011, weighed by higher funding costs and efforts to slash its balance sheet, according to an internal memo obtained by Reuters on Monday.
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AT&T promises 8 new high-speed mobile devices

AT&T Inc announced plans to launch seven new smartphones and a tablet computer early this year for a new wireless network it is building as it looks to catch up with bigger rival Verizon Wireless in high-speed wireless services.
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Morgan Stanley names new chief legal officer

Morgan Stanley has promoted Eric Grossman to chief legal officer as the current legal chief, Frank Barron, plans for retirement at mid-year, according to an internal memo viewed by Reuters.
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American Airlines to cut two routes and 150 workers

AMR Corp , the bankrupt parent of American Airlines, on Monday said it would cut service between Chicago and New Delhi and between Dallas/Fort Worth and Burbank, California, a move that will eliminate 150 jobs.
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Fed's Lockhart does not rule out more easing

The Federal Reserve cannot rule out additional monetary easing even if steady growth and acceptable inflation make it harder to justify fresh action, a top Fed official said on Monday.
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Swiss central bank chief quits over wife's currency deal

Swiss National Bank Chairman Philipp Hildebrand resigned with immediate effect on Monday, saying he could not prove he had been unaware of a currency trade made by his wife and wanted to protect the integrity of the central bank.

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