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Electrical products makers see 2011 revenue growth

Electrical and electronics products makers reported strong fourth-quarter results and forecast revenue growth for 2011 as their key markets, including the North American industrial sector, rebound from the lows of the economic slowdown.

Dimon defends bankers at Davos

JPMorgan Chase & Co CEO Dimon speaks at the Stanford Institute for Economic Policy Research at Stanford University in Palo Alto
Jamie Dimon, the chief executive officer of JP Morgan Chase (NYSE: JPM) defended the banking industry during a question-and-answer session with the media at a symposium at the world economic forum in Davos, Switzerland.
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Caterpillar posts stronger-than-expected profit

Caterpillar Inc reported a higher-than-expected quarterly profit and raised its sales forecast, sending its shares to an all-time high, as rising commodity prices increased mining industry demand for its earth-moving equipment.
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Former Liberian President Charles Taylor sits in the courtroom of the International Criminal Court (ICC)

Taylor lawyers to use US cables in court challenge

Defence lawyers for former Liberian President Charles Taylor, on trial for war crimes, won the right to use leaked U.S. cables as evidence to challenge the Sierra Leone war crimes court's independence and impartiality.

Car bomb at Iraq funeral wake kills at least 35

A car bomb exploded at a funeral wake in a Shi'ite area of Iraq's capital on Thursday, killing at least 35 people, wounding dozens and triggering clashes between angry residents and police, health and security sources said.

ElBaradei to return as Egypt unrest enters third day

Egyptian police fought protesters in two cities in eastern Egypt on Thursday and Nobel Peace Prize winner Mohamed ElBaradei headed back to the country to join demonstrators trying to oust President Hosni Mubarak.
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Stocks hold near highs but face resistance

Stock indexes held near 29-month highs on Thursday as buyers took their cues from companies reporting strong numbers, like Netflix, but the short-term technical picture suggested big gains are going to be hard to achieve.

Egypt unrest enters third day, ElBaradei to return

Egyptian police fought protesters in two cities in eastern Egypt on Thursday and Nobel Peace Prize winner Mohamed ElBaradei headed back to the country to join demonstrators trying to oust President Hosni Mubarak.
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AT&T revenue, subscribers miss analyst view

AT&T Inc posted revenue that missed Wall Street estimates and its wireless subscriber growth was also slower than expected in its final quarter as the exclusive U.S. provider for the Apple Inc iPhone, sending shares down 3 percent.
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Nokia sees weak Q1, flags strategy change

HELSINKI, Jan 27 - The world's biggest cellphone maker Nokia warned of a grim start to 2011 after rivals ate even more of its market share, highlighting the scale of the turnaround task facing its new boss.

U.S. budget to show higher, $1.5 trillion deficit in 2011:CBO

The U.S. federal government's budget in fiscal 2011 is expected to show a higher deficit than last year - nearly $1.5 trillion compared with nearly $1.3 trillion, according to a 10-year outlook report unveiled by Congressional Budget Office on Wednesday.
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Market holds near 29-month high, Netflix soars

Stock indexes held near 29-month highs on Thursday as buyers took their cues from companies reporting strong results, like Caterpillar, but the short-term technical picture suggested big gains are going to be hard to muster.
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DR Horton posts loss on foreclosures, joblessness

DR Horton Inc (DHI.N), the top U.S. homebuilder, reported a larger-than-expected quarterly loss, citing an increase in home foreclosures, and lingering anxiety among homebuyers that contributed to a sharp drop
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GM drops U.S. loan application after turnaround

General Motors Co has withdrawn its application for $14 billion in subsidized loans from the U.S. Department of Energy, saying it has the financial strength to fund investment in more fuel-efficient and electric vehicles on its own.

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