UNITED STATES

Court halts Wal-Mart ex-exec from joining CVS

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CVS Caremark Corp named a recent Wal-Mart Stores Inc executive as the president of its retail pharmacy business, but a judge temporarily blocked him from taking the job due to a noncompete agreement with Wal-Mart.
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Rates seen rising as supply arrives

Auctions of $123 billion in U.S. securities will draw traders' focus in the U.S. government securities market next week and could push U.S. Treasury yields higher.
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Top papers to charge online, but how?

Three of the world's most influential newspapers have finally come to terms with the notion that charging readers online is the only way to survive.
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CVS hires Wal-Mart ex-retail exec, Wal-Mart sues

CVS Caremark Corp named a recent Wal-Mart Stores Inc executive as the new president of its retail pharmacy business, prompting Wal-Mart to sue over an alleged breach of a noncompete agreement.
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Jobs data lift short-dated debt, hurt long bond

A downbeat jobs report boosted shorter-dated U.S. government debt prices on Friday, paring back traders' expectations of faster U.S. economic growth in reaction to a recent string of upbeat data.
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Amgen can afford Actelion but deal unlikely: analyst

Amgen Inc could pay more than $10 billion for Swiss biotech firm Actelion Ltd without hurting its 2011 earnings, but the deal is unlikely to happen given the lack of business overlap that would allow for cost savings, according to an analyst.
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U.S. plans tough rules for swap dealers

U.S. regulators unveiled plans on Friday that will determine which companies and funds will be forced to hold more cash to trade in the lucrative over-the-counter derivatives market.
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WikiLeaks founder says guards against death threats

WikiLeaks founder Julian Assange said on Friday he and colleagues were taking steps to protect themselves after death threats following the publication of leaked U.S. diplomatic cables on their website.
U.S. Senator Richard Durbin, D-IL, walks upstairs on Capitol Hill in Washington, December 24, 2009.

Debt plan lacks supermajority

The presidentially appointed commission on the national debt failed today to approve its own plan for tackling the nation’s long-term fiscal problems, but several members called it a victory nonetheless.
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Wall Street sees best week in a month

U.S. stocks rose on Friday to close out their best week in a month, shrugging off tepid jobs growth in a sign that the rally may have further to run.
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Jobless rate jump casts cloud on recovery

U.S. employment barely grew in November and the jobless rate unexpectedly hit a seven-month high, hardening views the Federal Reserve would stick to its $600 billion plan to shore up the anemic recovery.
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Deficit-cut plan falls short, offers framework

A bold plan to slash the U.S. budget deficit fell short on Friday of winning support needed from a presidential commission to trigger congressional action, but it was expected to help shape future budget debates.
General Motors assembly workers Monique Watson and Evetta Osborne install an electric battery on the underside of a 2011 Chevrolet Volt electric vehicle at the Detroit-Hamtramck Assembly plant in Hamtramck, Michigan

US manufacturing orders fell in October

Manufacturing orders in the U.S. posted a drop in October following a rise for three consecutive months, the U.S. Department of Commerce reported on Friday.
Wikileaks founder Julian Assange holds up a copy of a newspaper during a press conference .

The many facets of Julian Assange, the peddler of caustic secrets

Whistle-blower-turned fugitive Julian Assange stayed off the hot trails of the Interpol on Friday to do a live chat on The Guardian; and he was reportedly flooded with messages brimming over with admiration, fulsome praise and offers of donations and other help.
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Euro zone pulls ahead, China shifts stance

German strength propelled the recovery of the euro zone's dominant services economy in November, surveys showed on Friday, after China declared a new prudent monetary stance to help regulate its fervent growth.
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Factory orders broadly lower in October

New orders received by U.S. factories dropped 0.9 percent to a seasonally adjusted $420 billion in October, a setback for the manufacturing sector as demand declined across a broad array of goods, a government report on Friday showed.
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Wall St flat but eyes best week in a month

Stocks were headed for their best week in a month on Friday after a brighter assessment of the economy and a more optimistic view of Europe's debt crisis drove a rally earlier this week.

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