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Russian 2010 oil output hits post-Soviet record

Russian oil output rose by 2.2 percent in 2010 to a record 10.1 million barrels per day (505.193 million tonnes) as higher prices prompted the world's top oil exporter to ramp up production at its greenfield sites.

Facebook Narrowing Gap With Google?

Facebook CEO Mark Zuckerburg in Esquire's Celebrity Style Hall of Shame
Facebook has dethroned Google as the top-visited Web sites in 2010, as well as the most searched term of the year, a report says. Into 2011, it is to be seen whether the search engine giant can regain ground.
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Solar panels sit on the roof of SunPower Corporation in Richmond, California March 18, 2010.

Solar Power Rises In 2011

With the growth in the number of plants being built and the increasing cost competitiveness, 2011 looks like solar energy could start to come into its own in the U.S.
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Nunavut Iron ups bid in battle for Baffinland

Nunavut Iron hiked its bid for Baffinland Iron Mines late on Friday, refusing to back down in a fight with steel giant ArcelorMittal for control of the junior miner and its vast undeveloped iron ore deposit in Canada's Arctic.
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Hangover or afterparty for stocks?

A bout of profit taking seems likely early next year after the S&P 500 ended its best December in almost two decades, but stocks may have further to run at the start of 2011.
skier in NY

More Snow Doesn't Stop Global Warming

The recent snowstorms in the northeastern U.S. and a similar blizzard last year might make some doubt the climate is changing. The short answer is: no, and in fact some of the people who study climate predicted wetter winters - and more snow, at least for a while.
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China output moderates, factory inflation slows

China's factory inflation cooled in December as manufacturers expanded more slowly after a strong run in growth, lessening the need for the country's central bank to tighten monetary policy too far.
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Global stock fund inflows gain, bonds slow: source

Money flows to global equity and other stock funds accelerated during the fourth quarter, signaling a possible twist in 2011 from the record investments made in bond portfolios over the last year, according to a report published by EPFR Global on Friday.
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Transocean tries to fend off another Horizon probe

Transocean Ltd , the world's biggest offshore rig contractor, aims to stop a seventh U.S. body from investigating the accident that sank one of its rigs while causing the largest U.S. offshore oil spill.
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United loses arbitration in regional jet dispute

An arbitrator ruled that United Continental Holdings cannot use Continental's codes for 70-seat jets operated by its regional partners since a labor contract requires them to be flown by Continental pilots.
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Transocean tries to stop another Horizon probe

Transocean Ltd, the world's biggest offshore rig contractor, aims to stop a seventh U.S. body from investigating the accident that sank one of its rigs while causing the largest U.S. offshore oil spill.
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Website aims to be Facebook for gays in military

After nearly two decades of hearing don't ask, don't tell, gay U.S. military men and women are now hearing, do ask, do tell, and even, find a friend from a new social network website, Out Military.
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Indexes end strong year and month with quiet day

U.S. stocks closed out a year of double-digit gains and the S&P's best December since 1991 with a quiet and little changed session on Friday as investors found no reason to make big bets ahead of the new year.
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Goldman looks set for win in M&A photo finish

The race to the top of the global mergers and acquisitions league table looks set to end with Goldman Sachs retaking the honours from the rival which derailed its nine-year grip on the ranking last year.
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ArcelorMittal matches rival offer for Baffinland

ArcelorMittal on Friday upped its offer for control of Baffinland Iron Mines to match a rival bid from Nunavut Iron for the vast iron ore deposit in the Canadian Arctic, in a deal worth $550 million.
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Oil hits 26-month high to end 2010 up 15 percent

Oil prices hit a 26-month high over $92 a barrel on Friday, closing the year up 15 percent on expectations that the economic recovery will drive demand growth next year and send prices into triple digits.
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Shares little changed in quiet end to 2010

U.S. stocks were little changed on Friday, the final day of the year, as investors were reluctant to make big bets after a rally that put the S&P on track for its best December performance in nearly two decades.

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