COMPANIES

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PREVIEW-U.S. Nov auto sales to show slow recovery

Major automakers are expected to report flat U.S. auto sales for November from a year ago -- another sign the industry is on the mend after a bruising downturn that forced extensive restructuring early this year.

Where did 'Black Friday,' 'Cyber Monday' Come From?

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While the term “Black Friday” has been used for several decades by retailers, the public and media to describe the day after Thanksgiving, some new terms are coming into use to describe additional events in the holiday shopping cycle.
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Black Friday sales disappoint investors

Investors took a dim view of holiday retail sales after a weak Black Friday weekend, with Amazon.com Inc one of the few stocks to rise on hopes it was gaining a greater share of consumer spending.
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Cadbury union seeks jobs pledge from bidder Kraft

A union representing workers at British confectioner Cadbury asked hostile bidder Kraft for a promise on employment security on Monday, saying it was increasingly worried about massive job losses.
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Global chip sales rise 5 pct in October vs September - SIA

Global semiconductor sales rose 5.1 percent in October sequentially, spurred by strength across all regions as electronic equipment manufacturers boost production for the holiday season, the Semiconductor Industry Association (SIA) said.
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Thai BEC World sees weaker 2009 net profit

Thailand's top listed television broadcaster, BEC World, said on Monday it expected its 2009 net profit to be lower than the 2.8 billion baht ($84 million) earned in 2008 due to the weak economy.
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Com Dev sees lower Q4 results

Canadian satellite technology company Com Dev International Ltd said it expects to post lower fourth-quarter results, hurt by weakness in two of its domestic government programs.
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EU clears Syngenta GMO maize for feed, food imports

The European Commission on Monday approved Swiss company Syngenta's genetically modified (GMO) maize type MIR604, a move that could enable the resumption of imports of soymeal and soybeans for animal feed.
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Carbon, power prices may soar by 2013 -Eurelectric

European carbon prices could soar in the next three years, pushing up electricity prices with them, unless electricity companies have greater access to future carbon permits, EU industry body Eurelectric said on Monday.
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Casino party loses fizz, Sands China falls on debut

Sands China's weak debut in Hong Kong on Monday signals fading investor appetite for a casino company with a high valuation and an uncertain outlook, and cooling interest in what has been a red-hot sector.
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Brazil's Fleury seeks to raise $334 mln in IPO

Brazilian medical services company Fleury and its shareholders said on Monday they plan to raise up to 582.3 million reais ($334 million) through an initial public offering that should be concluded by mid-December.
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Stryker to buy device reprocessor Ascent

Orthopedic device maker Stryker Corp said on Monday it would acquire Ascent Healthcare Solutions, a privately held reprocessor of medical devices, for $525 million in cash.
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Dubai debt woes may hit U.S. property market

Dubai's debt woes could further unhinge an already fragile U.S. commercial real estate market, as it illustrates the importance of that tiny emirate to global investors in an increasingly interconnected world.
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Treasury to meet with mortgage servicers

The Treasury Department is expected to meet with lenders on Monday to press them to do more to rework troubled home mortgage loans, a source familiar with the Treasury's thinking said.
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Honiton Energy hires M.Stanley for sale -sources

Honiton Energy Group has hired Morgan Stanley to advise the China-focused wind power developer on luring a new investor, in a deal that could value the entire company at up to $250 million, sources said on Monday.
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FAA turned down Boeing 777 warnings- WSJ

The U.S. aviation regulator decided to allow over 130 Boeing Co 777 airplanes to continue flying international trips through early 2011, despite warnings about suspect parts that have caused rare shutdowns in midair, the Wall Street Journal reported.
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Pioneer earnings rise, sees modest growth in 2010

South Africa's Pioneer Foods Group posted a 22 percent increase in full-year headline earnings per share (EPS) on Monday boosted by a strong performance in its Sasko bread division and higher margins.
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Airports of Thailand has Q4 loss, hit by forex

Airports of Thailand (AOT), the country's main airport operator, reported a worse-than-expected fourth-quarter net loss on Monday, hit by foreign exchange losses and higher operating costs.
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AOL spinoff a bargain-Barron's

AOL Inc, due to be spun out of Time Warner Inc on Dec. 9, almost a decade after their merger, looks like a bargain, Barron's reported in its Nov. 30 edition.
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Hochtief says could delay unit IPO if markets tank

Hochtief reserves the right to put the planned initial public offering (IPO) of its infrastructure unit on hold should stock markets take a drubbing from the Dubai debt crisis, its chief executive told a Sunday paper.
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Toto shrugs off yen rise, eyes acquisition

Toto, Japan's No.1 toilet maker, expects to meet its earnings forecasts despite the yen's recent surge by capitalizing on an earlier-than-expected demand recovery in China and cost cuts, its president said on Monday.
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Flybe, oil companies planning London IPOs: report

British budget airline Flybe and five oil companies are planning initial public offerings in London next year which are expected to value them collectively at 1.5 billion pounds ($2.46 billion), the Sunday Times reported.
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Sands China falls, casino party looks to be over

Sands China's weak debut in Hong Kong on Monday signals fading investor appetite for a casino company with a high valuation and an uncertain outlook, and cooling interest in what was a red-hot sector.
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Holiday shoppers shunned credit cards: survey

Cash was king for consumers who shopped over the Thanksgiving weekend, according to survey results released on Sunday, and that factor could have cost retailers additional sales.
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Retailers guard profits as holiday sales start

Sales may have risen only slightly on Black Friday as U.S. shoppers sought deals on electronics, toys and clothes, but retailers appeared to have been better-prepared to protect margins against tepid results.
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Black Friday sales seen strong, but will it last?

U.S. consumers turned out in strong numbers to hunt for holiday bargains on Black Friday, though many said they were spending selectively and industry executives questioned whether the momentum would last.

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