UNITED STATES

Terra says CF's buyout bid is superior to Yara's

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Fertilizer producer Terra Industries Inc said on Wednesday it plans to accept a superior $4.68-billion takeover bid from rival CF Industries Holdings Inc unless Yara International boosts its competing offer.

S&P gains as financials' outlook improves

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The S&P 500 rose on Wednesday as investors snapped up shares of bailed-out financial companies on hopes the sector may be poised for a recovery as the U.S. economy improves, while a drop in oil producer Chevron's stock pushed the Dow slightly lower.
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Wholesale inventories fall, sales surge

U.S. wholesale inventories fell modestly in January, while sales rose to their highest level since October 2008, suggesting that inventories would continue to support economic growth in the first quarter.
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Home loan demand nudges higher in latest week

U.S. mortgage applications nudged higher last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.
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Wholesale inventories unexpectedly fall in Jan

U.S. wholesale inventories unexpectedly fell in January, while sales rose much faster than expected to their highest level since October 2008, a government report showed on Wednesday.
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Power crisis to hit Venezuela growth, fuel exports

Venezuela's deepening electricity crisis may drag on the economy for several years, dashing government hopes for GDP growth, slashing fuel exports from the OPEC country, and ushering in lengthy rationing.
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Citi, AIG, other bailed-out firms jump

Shares in Citigroup Inc , one of the big financial companies bailed out by the U.S. government, rose more than 4 percent on Wednesday, while another, American International Group Inc , jumped 10 percent.
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Live kidney donors do not die sooner: study

Healthy Americans who donated a kidney were not at higher risk of dying afterward, which may reassure potential donors and help shorten the long waiting list for an organ.
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Best Architecture Cities in the World

A city with a distinct architectural style has a certain draw to travelers. Great architecture is both artistic and scientific, both beautiful and practical. Even more, architecture gives us cultural clues about a city's past, present and future.
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Regulators tell banks to restrict dividends, buybacks: report

Shareholders may have to wait for months to retrieve capital after U.S. regulators told banks not to increase dividends or buy back shares amid political and economic uncertainty surrounding the financial industry, the Financial Times reported on Wednesday.
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Markets edge higher after M&A activity

U.S. stocks drifted higher on Wednesday following several merger and acquisition deals, overshadowing an unexpected drop in January wholesale inventories.
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GDP seen slowing, tying Fed hands on rates

After a growth spurt at the end of 2009, the U.S. economy will slow in the months ahead, keeping the Federal Reserve from raising borrowing costs until the final three months of the year, a Reuters poll showed.
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Toyota, U.S. officials investigate runaway Prius

U.S. safety regulators and Toyota dispatched teams on Tuesday to inspect a Prius that sped out of control on a California freeway a day earlier, as the automaker struggled to reassure consumers shaken by its recall crisis.
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GDP to slow in Q1, Fed rates on hold to Q3: poll

After a growth spurt at the end of 2009, the U.S. economy will slow in the months ahead, keeping the Federal Reserve from raising borrowing costs until the final three months of the year, a Reuters poll showed.
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Home loan demand nudge higher in latest week

U.S. mortgage applications nudged up last week, reflecting increased demand for home purchase loans even as interest rates trekked higher, data from an industry group showed on Wednesday.
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Thailand food exports to rise this year

World's largest rice exporter, Thailand's exports of rice and other foods are expected to rise this year by five to ten percent, according to country's Commerce Ministry. The ministry, in a statement said food exports in particular would recover to growth of as much as 10% after dropping by 7.37% in 2009 to $19.56 billion, mainly because of the global recession.
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Gold may lose shine on increased risk appetite

The outlook for precious metals remain positive over the medium term and bearish over the long term.The sharp rise in gold prices over prior months, set against the prospects for economic recovery over the coming quarters, have eroded gold's attractiveness for investors, pushing capital towards riskier assets such as equities. Meanwhile, unwinding of government stimulus measures and monetary easing have dulled gold's lustre as a hedge.

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