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Lehman sees $60 bln bankruptcy payout, needs time

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Lehman Brothers Holdings Inc said it will take longer than expected to win approval of its bankruptcy plan and projects paying out $60.1 billion as it tries to settle differences with creditors owed six times that amount.
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Gold falls after successful euro zone debt auctions

Gold fell on Thursday, snapping three sessions of gains as safe-haven buying subsided after successful European bond sales and a more positive economic outlook from U.S. Federal Reserve Chairman Ben Bernanke.
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U.S. may challenge Google's ITA deal: source

U.S. regulators are putting together a possible antitrust challenge to Google Inc's planned $700 million acquisition of airline ticketing software company ITA Software, sources knowledgeable about the deal said on Thursday.
Bernard Madoff

Judge approves $7.2 billion Madoff settlement

A U.S. judge approved a $7.2 billion settlement on Thursday to pay former customers of the Madoff firm, the largest yet in the worldwide search for money lost in Bernard Madoff's multibillion-dollar Ponzi scheme.
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SAP software sales jump outshines lawsuit drag

SAP said software sales jumped by about a third in the fourth quarter, boosting operating margins and sending its shares higher despite uncertainty over U.S. litigation. Europe's biggest software maker said on Thursday it expected operating income of more than 3.9 billion euros ($1.98 billion) for 2010, which would push its operating margin to 31.5 percent from 27.4 percent in 2009, when not usin...
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Merck weighs on Dow, market eyes earnings

The Dow industrials fell on Thursday, hurt by a slide in Merck shares, but the market was near 28-month highs as investors saw stocks' upward trend continuing despite disappointing jobless claims data.
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Fed's Bernanke sees U.S. growing 3-4 percent in 2011

The U.S. economy should grow around 3 percent to 4 percent this year, a healthier clip than in 2010, but not enough to bring down unemployment as much as policymakers would like, Federal Reserve Chairman Ben Bernanke said on Thursday.

U.S. may challenge Google's ITA deal: source

U.S. regulators are putting together a possible antitrust challenge to Google Inc's planned $700 million acquisition of airline ticketing software company ITA Software, sources knowledgeable about the deal said on Thursday.

Biden, Maliki focus on economic ties in Baghdad talks

U.S. Vice President Joe Biden had talks with Iraqi Prime Minister Nuri al-Maliki on Thursday focussing on long-term economic ties and Iraqi officials said the idea of delaying a U.S. military pullout did not come up.

China, Korea moves underscore rising food prices

China dumped plans to import several million tonnes of expensive corn and South Korea unveiled cuts in import tariffs on some products, underscoring the dilemma over how to tackle rising food prices.

Lebanon to start talks on new government on Monday

Lebanese leaders agreed on Thursday to start talks next week on rebuilding a government after Hezbollah walked out of Prime Minister Saad al-Hariri's coalition, testing political faultlines across the Middle East.
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South Sudan vote will meet global standards - Carter

South Sudan's independence vote cleared two major hurdles on Wednesday after former U.S. president Jimmy Carter gave the poll his endorsement and organisers said huge turnouts meant the result would be binding.
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Bernanke sees U.S. growing 3-4 percent in 2011

The U.S. economy should grow around 3 percent to 4 percent this year, a healthier clip than 2010, but not enough to bring down unemployment as much as policymakers would like, Federal Reserve Chairman Ben Bernanke said on Thursday.
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Lehman says needs more time for bankruptcy plan

Lehman Brothers Holdings Inc said it will take longer than expected to win approval of its bankruptcy reorganization plan as it tries to settle differences with creditors, who are owed well over $300 billion.
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Marathon to split off refinery operations

Marathon Oil Corp said on Thursday it would split off its refinery and pipeline operations into a stand-alone company, pushing its shares up nearly 11 percent in premarket trading.
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Blackrock sees investor shift to equities

BlackRock , the world's largest money manager, sees investors shifting their investments away from bonds to equities this year, a senior executive told Reuters on Thursday.
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Market flat on weak jobless claims

U.S. stocks barely budged on Thursday as investors looked past disappointing jobless claims while a jump in Marathon Oil's shares boosted the oil sector.

Conan feels liberated after year of tumult

Conan O'Brien said on Wednesday that his tumultuous past year has given him a new lease on life, freeing him to be sillier and more spontaneous on his new late-night TV talk show than he was in the past.
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Starbucks inks pact to enter India, source beans

Starbucks Corp , the world's largest coffee chain, unveiled a tie-up on Thursday that could bring its iconic cafes to Asia's third-largest economy, where western-style coffee shops are increasingly popular.

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