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Factbox: Comparing EU and U.S. financial reform

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The Senate approved a reform of Wall Street on Thursday and President Barack Obama may be signing into law the most sweeping changes to financial rules since the 1930s as soon as next month.

Verizon Wireless loses appeal on cellphone charges

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A federal appeals court on Friday threw out a ruling requiring Verizon Wireless customers to resolve disputes over alleged fraudulent cell phone charges individually through arbitration rather than as a class.
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Cholesterol drug side effects need watching: study

(Reuters) - People using cholesterol-lowering statins have a higher risks of liver dysfunction, kidney failure, muscle weakness and cataracts and such side effects of the drug should be closely tracked, doctors said on Friday.
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Merkel, Sarkozy pledge unity as markets wilt

The leaders of Germany and France pledged on Thursday to work together on financial regulation and the euro zone crisis after European discord over debt and new market rules rattled investors worldwide.
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Daily forex forecast - 20/5/2010

The release of the RBA board minutes suggested just what the market had expected and in fact had already begun pricing in – interest rates are at normal levels.
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Mobile music downloads struggle to make headway

Fewer than 2 percent of mobile users in the United States and western Europe used their phone to download music in the first quarter, showing the uphill task facing Apple iTunes challengers like Nokia.
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Samsung eyes early launch of bada-phone

Samsung Electronics plans to launch the first smartphone based on its own operating system in the next few weeks, as it seeks to catch up with bigger rivals in the booming high-end market.
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Samsung to launch first bada-phone soon

Samsung Electronics plans to launch the first smartphone based on its own operating system in coming weeks, as it seeks to catch up with bigger rivals in the booming high-end market, an executive said on Wednesday.
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Euro skids as shares tumble on German ban

The euro fell to a fresh four-year low on Wednesday after a German move to sharpen financial regulation raised doubts about the prospect for global recovery, pulling down Asian stocks, metals and crude oil.
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Euro skids, shares tumble on German ban

The euro fell to a fresh four-year low on Wednesday after a German move to sharpen financial regulation raised doubts about the prospect for global recovery, pulling down Asian stocks, metals and crude oil.
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Daily forex forecast - 19/5/2010

The release of the RBA board minutes suggested just what the market had expected and in fact had already begun pricing in – interest rates are at normal levels.
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Pfizer to cut 6,000 jobs

Drugmaker Pfizer Inc will cut 6,000 jobs, or 18 percent of the workforce, at its 78 manufacturing plants over the next five years as it pares back operations following last year's purchase of rival Wyeth.
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Wal-Mart beats Street but warns on outlook

Wal-Mart Stores Inc's quarterly results beat Wall Street expectations, as a curb on costs helped the world's largest retailer overcome weaker U.S. same-store sales, sending shares up 3 percent.
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LED market faces bright outlook but hurdles remain

The light-emitting diode sector is growing fast, especially in niche markets such as the car industry, but LED bulbs will not be a mass consumer item for some time, developers and experts said on Tuesday.
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Pfizer to close more plants, cut 6,000 jobs

Drugmaker Pfizer Inc will cut 6,000, or 18 percent, of jobs at its 78 manufacturing plants over the next five years as it consolidates operations following last year's purchase of smaller rival Wyeth.
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Wal-Mart profit beats expectations

Wal-Mart Stores Inc posted quarterly results that beat Wall Street expectations, but said second-quarter earnings could fall short of Wall Street estimates as its shoppers remain under pressure.
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Florida tar balls fuel fears of oil slick spread

A discovery of tar balls on Florida's Key West fanned fears on Tuesday that a massive Gulf of Mexico oil spill was spreading through ocean currents, as energy giant BP Plc worked to capture more of the crude leaking from its gushing deep-water well.
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U.S. to probe spill as BP says more oil contained

Energy giant BP said on Tuesday it was now able to siphon off about 40 percent of the oil gushing from a ruptured well in the Gulf of Mexico but has not been able to stop the leak, as President Barack Obama is to create a commission to probe the spill.
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Euro dips on persistent fears, stocks shaky

The euro dipped on Tuesday, struggling to pull away from four-year lows hit on Monday, and Asia stocks fell to three-month lows as persistent worries about the euro area's fiscal health weighed on investor sentiment.
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Science, maths graduates keen to become teachers

University of Adelaide figures obtained by The Advertiser show the number of maths and science teaching students studying either a Graduate Diploma in Education or Bachelor of Teaching at the university has more than doubled over the past two years.

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