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Wall St. gains on EU summit optimism, U.S. profits

Wall Street advanced to its highest levels since early August on Friday on optimism ahead of this weekend's summit of European leaders to tackle the region's debt crisis and as strong earnings from blue chips lifted investor sentiment.
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European summit hopes lift Wall Street

Stocks rose to their highest levels in more than two months on Friday in anticipation of a weekend European Union debt-crisis summit that could potentially remove a major cloud from markets.
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Guitarist Jonny Buckland (R) and singer Chris Martin of Coldplay perform during a concert as part of their ''Viva La Vida'' tour in Bogota

Coldplay Launch Fresh Chart Assault with Fifth Album

You may not understand the title of Coldplay's new album let alone be able to pronounce it, but Mylo Xyloto is a name music fans may have to get used to as the group launches a fresh assault on the world's charts.
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Stock futures higher after GE results, euro summit ahead

Stock index futures edged higher on Friday ahead of a much anticipated European Union weekend summit on the region's debt crisis and as results from General Electric Co did little to undermine hopes for a robust earnings season.
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GE profit meets Street view, sees 2012 growth

General Electric Co reported an 18 percent rise in quarterly profit that met Wall Street's expectations, as revenue rose across its big energy, aviation, healthcare and transportation arms.
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POSCO predicts tough fourth quarter after Q3 meets view

POSCO <005490.KS>, the world's third-biggest steelmaker and backed by billionaire investor Warren Buffett, cut its 2011 investment plan and painted a dim outlook after posting a 6 percent rise in quarterly profit that met market expectations.
Germany's Chancellor Angela Merkel

Merkel Sticks to Hard Line on Euro Zone Solution

European leaders have put off crucial decisions on how to stop a sovereign debt meltdown in their currency zone, keeping markets on edge, to give German Chancellor Angela Merkel time to secure parliamentary support, EU sources said on Friday.
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POSCO sees tough 4th quarter after Q3 meets view

POSCO <005490.KS>, the world's third-biggest steelmaker and backed by billionaire investor Warren Buffett, cut its 2011 investment plan and painted a dim outlook after posting a 6 percent rise in third-quarter profit that met market expectations.
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POSCO meets forecast, cuts capex by 18 percent

POSCO <005490.KS>, the world's third-biggest steelmaker and backed by billionaire investor Warren Buffett, cut its 2011 investment plan and painted an uncertain outlook after posting a consensus-meeting profit for the third quarter.
Man looks at a stock quotation board outside a brokerage in Tokyo

Asian Markets Cautious Ahead of European Summit

Asian shares inched up while the euro clung to overnight gains on Friday, but markets largely stayed within range, as investors awaited a weekend meeting of European leaders for signs of progress in resolving the region's debt crisis.

Senate Approves Bryson as Commerce Secretary

The U.S. Senate, on a bipartisan vote of 74-26 on Thursday, confirmed former energy company executive John Bryson as commerce secretary, despite the objection of some Republicans due to his background as an environmentalist.
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Euro zone wrangling batters stocks

LONDON - Doubts about the euro zone's ability to come up with a comprehensive plan to solve its debt crisis hammered equity markets and hit the euro on Thursday, underlining investor impatience with political wrangling.

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