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China growth calls ease as export outlook darkens

China's annual rate of export growth slowed in November versus October, vice commerce minister Chong Quan told reporters on Wednesday, confirming market expectations that deteriorating external conditions are dragging on the world's No. 2 economy.

Global stocks and euro rise before summit, ECB decision

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Asian shares and the euro gained on Wednesday on hopes that the threat of mass credit rating downgrades will pressure European leaders to come up with a convincing framework for resolving the euro zone debt crisis at a crucial summit later this week.
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Ford begins search for post-Mulally CEO: source

Ford Motor Co has begun considering successors for Alan Mulally, the chief executive credited with turning around the No. 2 U.S. automaker over the past five years, according to a person with knowledge of the matter.
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Congress turns up heat on CFTC, MF Global's Corzine

Lawmakers examining the collapse of MF Global skewered the top U.S. futures regulator for sitting out his agency's probe of the bankrupt brokerage, whose former chief executive, Jon Corzine, is due to face his own drubbing later this week.
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Analysis: Amazon's advertising push gains steam

Amazon.com Inc is known as the world's largest online retailer, but the company is aggressively expanding in online advertising, putting it on course for a clash with Google Inc, the leader in the space.
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Court approves Lehman plan to exit bankruptcy

Lehman Brothers Holdings Corp, now just the odds and ends of the global financial behemoth that collapsed in September 2008, received court approval on Tuesday to exit bankruptcy early next year.
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Wall St rises on EU summit hopes

Stocks rose on Tuesday as investors bet European leaders would take strong steps this week to end the region's debt crisis, including bolstering its financial rescue fund.
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Geithner backs EU crisis plan, stresses ECB role

Treasury Secretary Timothy Geithner threw his weight on Tuesday behind a Franco-German plan to tackle the euro zone's sovereign debt crisis and said the European Central Bank had to play a major role in any solution.
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Bernanke to Hill: reporting on Fed loans flawed

Federal Reserve Chairman Ben Bernanke on Tuesday pushed back against reports that the Fed had lent banks $7.77 trillion or more during the financial crisis, saying they contained egregious errors and mistakes.
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Verizon says not blocking Google Wallet

Wireless service provider Verizon Wireless said it was not blocking Google Inc's payments app, Google Wallet, on its latest smartphone, and said it was still in talks with Google about the service.
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Geithner doesn't see Fed funding IMF euro response

U.S. Treasury Secretary Timothy Geithner said in Germany on Tuesday that the European Central Bank was playing a positive role in the euro zone debt crisis, but he played down talk that the U.S. Federal Reserve could boost IMF funding for the crisis.
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Qihoo responds to Citron allegations

China's Qihoo 360 Technology Co denied once again a report that alleged the online services provider was either committing fraud or was misleading Wall Street about its revenue model.
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Donations Staying Closer to Home This Holiday Season

When he retired two years ago, David Moskowitz promised himself he'd donate about 10 percent of his fixed income annually to charity. The 63-year-old from Niles, Illinois, had rarely deviated from his list of causes until two events this year made him reevaluate: the rise of Occupy Wall Street and the foreclosure on a neighbor's home after a layoff.
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Exclusive: Van Rompuy urges fast-track euro zone moves

Tighter oversight of euro zone fiscal policy can be achieved through minor, rapid adjustments to the EU treaty, European Council President Herman Van Rompuy told EU leaders in an interim report to be discussed at a summit on December 8-9.
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Gilt Chairman Susan Lyne shares upside to failure

Susan Lyne, chairman of Gilt Groupe, Inc. and former president of ABC Entertainment, talked about learning from failure and adjusting to digital realities during TheWrap's third-annual Power Women breakfast Monday morning at the Hotel Bel-Air.
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S&P downgrade threat a clarion call for euro reform

A threat by Standard & Poors to slash credit ratings across the euro zone sounded a clarion call on Tuesday, which could help Nicolas Sarkozy and Angela Merkel force through a change to the European Union treaty at a summit this week.

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