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Bank curbs, political fallout slam Wall Street

Stocks capped their worst three-day slide in 10 months on Friday on fears the White House's plan to curb bank risk-taking would cut profits, and tech shares slumped after Google Inc's disappointing results.

S&P 500 plunges as investors digest earnings

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Firms with strong earnings escaped a broader decline among U.S. stocks while the effect of President Barack Obama's bank restrictions, which weighed on the whole market, may be most pronounced in investors' preference between big banks and regional bank stocks.

Bernanke second term suddenly in doubt

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Ben Bernanke's nomination for a second term as U.S. Federal Reserve chairman, once seen as a sure thing, appeared in jeopardy on Friday after two more Senate Democrats said they would vote against it.
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Hershey rules itself out of Cadbury bid

U.S. confectionery group Hershey on Friday ruled itself out of making a rival bid for Cadbury Plc after the British confectioner agreed a takeover by Kraft Foods earlier this week.
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China says U.S. Internet accusations baseless

China hit back at U.S. criticism of Internet censorship and hacking on Friday, warning that relations between the two global heavyweights were being hurt by a feud centered on web giant Google.
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S&P 500 turns negative for 2010; techs fall

U.S. stocks turned negative for the year on Friday, led lower by technology shares after Google Inc's revenue and chipmaker Advanced Micro Devices Inc's sales outlook disappointed investors.
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GM, VW best positioned in key emerging markets: study

General Motors Co and Volkswagen are best positioned in the largest and fastest-growing emerging markets at a time when auto sales in those countries could grow over 40 percent by 2014, a study released on Thursday said.
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Toyota broadens massive U.S. safety recall

Toyota Motor Corp said on Thursday it will recall millions more vehicles in the United States, its second massive recall in four months, this time to fix potentially faulty accelerator pedals.
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McDonald's profit, December same-store sales rise

McDonald's Corp posted higher quarterly profit helped by strength in Europe and a small rise in December sales in the United States, where high unemployment and rampant discounting are straining results.
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Obama confident Senate to confirm Bernanke

President Barack Obama believes the Senate will confirm Federal Reserve Chairman Ben Bernanke for a second term to lead the U.S. central bank, the White House said on Friday.
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GE profit tops Wall Street forecasts

General Electric Co posted quarterly earnings that topped Wall Street expectations as it kept costs in line despite sluggish demand for jet engines, railroad locomotives and other heavy equipment.
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IT hiring in India leaves the U.S. in the dust

IT employees stand a better chance of finding a job in India than in the U.S., according to quarterly reports. IT companies in India had strongest quarterly growth last quarter, compared to previous dismal quarters, and expect to see it rising.
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PREVIEW-Philips target timeline may boost stock

Dutch conglomerate Philips Electronics is set to give a new timeline for reaching its mid-term targets in the coming weeks, a move which could boost its shares as much as 10 percent, analysts said.
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Stocks drop on Obama plan, Bernanke delay

U.S. stocks dropped on Friday as proposed sweeping restrictions on U.S. banks and the delayed confirmation of Fed Chairman Ben Bernanke overshadowed solid earnings from General Electric and McDonald's.
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Charter CEO resigns to join Comcast

Charter Communications Inc. said in a statement on Friday that its Chief Executive Officer plans to leave the company to take a position at rival Comcast Corp.

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