UNITED STATES

CDC backs away from decades-old flu death estimate

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The U.S. Centers for Disease Control and Prevention is backing away from its decades-old estimate of the number of people who die annually from seasonal flu, instead saying deaths vary widely from year to year.
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Fiat CEO says Q3 going well

Italian automaker Fiat SpA said on Thursday its third quarter was proceeding well and confirmed it could raise its 2010 outlook, sending its shares higher.
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Landlords cut rent to fill empty property: NAR

U.S. commercial property landlords cut rent and offered concessions to lure tenants as vacancies remained high, the National Association of Realtors reported in a quarterly property survey released on Thursday.
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Foreclosures fall but new delinquencies rise: MBA

The number of U.S. homes headed for foreclosure fell in the second quarter for the first time since the housing slump began in 2006, but improvements may be fleeting as the number of newly delinquent homeowners rose, a banking group said on Wednesday.
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Slumdog helps usher in Hollywood's Indian era

Maybe it's the success of Slumdog Millionaire. Perhaps it's because corporate outsourcing is now a very real -- and frustrating -- part of Westerners lives. Or perhaps it's because India is one of the fastest-growing economies in the world and its influences have finally spread to Hollywood.
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Taxman bars Crocodile Dundee from leaving Australia

Actor Paul Hogan, best known for playing an outback hunter in the Crocodile Dundee movies, has been stopped from leaving Australia until he pays a multi-million dollar tax bill, according to his lawyer.
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Oil moves towards $73 as dollar dips

World oil prices advanced towards $73 in Asian trade Thursday mainly on a weak dollar after overcoming impacts over a massive increase in US crude reserves. Light sweet crude for October delivery was seen trading at $72.81 a barrel at 11.30 a.m Singapore time while Brent crude for October delivery was at $73.85 a barrel in London.
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Gold stays up on weak dollar, econ worries

Gold prices remain higher in Asian trade Thursday a day after the WGC said regional giants India and China were likely to provide the main thrust to demand growth this year.
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Australian Dollar Outlook 25/8/2010

The Australian Dollar has opened slightly lower today after losing more than one US cent due to an increase in risk aversion in Europe and the US, as evidenced by falls in the Dow Jones Industrial Average to as low as 9,938 on the release of durable goods orders and further evidence of weakness in the US housing market.
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Scientists create liver cells from patients' skin

British scientists have created liver cells in a lab for the first time by reprogramming stem cells taken from human skin, paving the way for potential new treatments for liver diseases that kill thousands each year.
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Some men may get too many PSA tests: study

Men who have undergone surgery to treat earlier stage prostate cancer may not need to keep up yearly PSA tests to screen for a cancer recurrence, a new study suggests.
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Antihistamine use linked to extra pounds

People who use prescription antihistamines to relieve allergy symptoms may be more likely than non-users to carry excess pounds, a new study suggests, although the significance of the connection is not yet clear.
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Geely first-half net beats forecast

China's Geely Automobile Holdings, whose parent bought Ford's Volvo unit this month, warned of tougher competition and slower sales after its record first-half earnings beat forecasts on Wednesday.
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July new home sales tumble to record low

New U.S. single-family home sales slumped to the slowest pace on record in July and orders for costly durable goods were weak, according to government reports on Wednesday that heightened fears the economy was at risk of a new downturn.
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Home prices fall 1st time in 4 months in June

Prices of U.S. single-family homes fell for the first time in four months in June, and by an adjusted 1.7 percent from a year earlier, the Federal Housing Finance Agency said on Wednesday.
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Home refinancing demand up, rates hit new lows

Mortgage applications rose last week as record low rates lifted demand for home refinancing loans to its highest level in over 15 months, a development that could provide a much-needed jolt to the economy.
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Diabetes drug Avandia just as safe as Actos: study

GlaxoSmithKline's diabetes drug Avandia was no riskier to the heart than a rival, U.S. researchers said on Tuesday, a finding that contradicts earlier studies and adds new fodder to the roiling debate over the drug's safety.

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