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Japan Airlines files for $25 billion bankruptcy

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Japan Airlines Corp filed for bankruptcy protection on Tuesday owing more than $25 billion, and vowed to slash 15,700 jobs and unprofitable routes as it tries to survive volatile fuel costs and fickle flyers.
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Citigroup Q4 loss narrows

Citigroup Inc posted a $7.6 billion quarterly loss on costs related to TARP repayment and still high loan losses, but the bank's shares edged higher as some investors saw glimmers of hope.
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Iran says may hit Western warships if attacked

Iran's defence minister warned on Tuesday that the Islamic Republic could strike back at Western warships in the Gulf if it were attacked over its nuclear programme, the semi-official Fars news agency reported.
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Oil falls below $78 as OPEC trims demand outlook

Oil fell below $78 a barrel on Tuesday, extending its recent losing streak, as producer group OPEC said supply was ample enough to meet winter demand and trimmed estimated demand for its oil.
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Haiti aid picks up, doctors fear disease risk

The pace of food and medical aid deliveries picked up in earthquake-shattered Haiti, providing some hope to desperate survivors, but doctors worried disease would be the next big challenge for the tens of thousands left injured and homeless a week ago.
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Stocks set for weaker open after Citi results

U.S. stocks were poised for a slightly weaker open on Tuesday after quarterly results from Citigroup Inc led to concern about the quality of financial sector earnings as reporting season ramps up.
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U.S. state votes in crucial election for Obama

Massachusetts voters head to the polls on Tuesday in a cliff-hanger election for a new U.S. senator that could derail Democrats' dominance in Washington and scuttle their top priority of sweeping healthcare reform.
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China says Google no exception to the law

Google Inc will not be treated as an exception to China's demand foreign companies obey its laws, the Foreign Ministry said on Tuesday, a week after the world's largest search engine warned it could pull out of China.
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Google postpones cellphone launch in China

Google has postponed the launch of two mobile phones in China which use its Android platform, in the first sign its business in the country is starting to be affected by a dispute over hacking and censorship.
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Goldman delays bonus decision: source

Investment bank Goldman Sachs is likely to unveil the details of multi-million pound bonuses to staff next week, a person familiar with the matter said on Tuesday, after a delay as a row heats up over payouts.
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Oil dips below $78 on mild weather, China growth

Oil dipped below $78 a barrel on Tuesday, extending a losing streak from last week due to an expected dent in heating demand as northern hemisphere weather turned milder after a prolonged cold spell.
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Google postpones Android phone launch in China

Google has postponed the launch of two mobile phones in China which use its Android platform, in the first sign its business in the country is starting to be affected by a dispute over hacking and censorship.
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Stock futures mixed; all eyes on Citigroup

Stock index futures pointed to a mixed open on Wall Street on Tuesday as U.S. markets reopen after a long holiday weekend, with futures for the S&P 500 down 0.04 percent, Dow Jones futures down 0.07 percent and Nasdaq 100 futures up 0.2 percent at 1030 GMT (5:30 a.m. EST).
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Google probing possible inside help on attack

Google is investigating whether one or more employees may have helped facilitate a cyber-attack from China that the U.S. search giant said it was a victim of in mid-December, two sources told Reuters on Monday.
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Japan Inc symbol JAL set to file for bankruptcy

Japan Airlines Corp is set to file for one of the country's largest ever bankruptcies on Tuesday, marking the failure of the former state-owned carrier that once symbolized Japan Inc's international aspirations.
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Kraft, Cadbury close to $19 billion friendly deal: sources

U.S.-based Kraft Foods Inc and Britain's Cadbury Plc are close to sealing a friendly deal to create the world's largest confectionery group for up to 11.7 billion pounds ($19 billion), sources familiar with the matter said on Monday.

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