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Steel Dynamics lags Street; upbeat on 2011

Steel Dynamics Inc's quarterly profit lagged market estimates for the third time in a row on lower volumes and pricing, but the company sees higher volumes at its steel and metals recycling sectors in 2011 as the U.S. economy improves.

McDonald's sees costs climbing; shares down

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McDonald's Corp forecast higher food costs for 2011 and reported weaker-than-expected December sales at established European and U.S. restaurants as poor weather hurt demand.
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WikiLeaks founder Assange slams Swiss banker arrest

The founder of whistleblower site WikiLeaks attacked Switzerland on Sunday for arresting a Swiss banker on suspicion of breaching banking secrecy instead of investigating the tax evasion he said he had uncovered.

Nadal's journey from Grand Slam to 'Rafa Slam'?

Last year, Rafael Nadal had two biggest records - he finally secured the number 1 ranking and set the record for the longest match seen in the Australian Open at 5 hours and 14 minutes, playing against Fernando Verdasco. This year, he hopes to break more records by winning his 10th single Grand Slam. More importantly, if he does succeed, he will be the only player in three decades to hold all four major Grand Slams - Wimbeldon Championship, Roland Garros, the United States Open and the Austral...
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US futures edge lower ahead of earnings

Futures on major U.S. indices point to modestly lower opening on Monday as investors awaited the earnings from major firms including McDonald's and Texas Instruments.
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GM falls just shy of Toyota in 2010 sales ranking

Toyota Motor Corp <7203.T> kept its spot at the top of the global sales ranking in 2010, outselling General Motors Co by less than 30,000 units as the U.S. rival achieved faster growth in the world's two biggest markets.

Asia stocks concede early gains, sentiment wary

Asian stocks rose on mild bargain buying after a sell-off last week, while the euro hovered near a nine-week high before a Fed meeting this week where it is expected to paint a cautious view of the world's biggest economy.
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Morgan Stanley banker drawn into Galleon investigation: report

A Morgan Stanley banker named Kamal Ahmed is under investigation by U.S. authorities for leaking information regarding an upcoming takeover that ultimately was passed on to Galleon Group founder Raj Rajaratnam, the Wall Street Journal said, citing people close to the situation.
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RockTenn to buy Smurfit Stone for $3.5 billion

Packaging and paper company RockTenn Co has agreed to buy bigger rival Smurfit-Stone Container Corp for $3.5 billion in cash and stock seven months after Smurfit emerged from bankruptcy with less debt and higher profit potential.

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