UNITED STATES

Kraft sweetens Cadbury bid

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Nestle ruled itself out of a bid war over Cadbury and Kraft sweetened its $16.4 billion offer, but the U.S. food firm's biggest shareholder Warren Buffett warned it not to overpay.

Film box office overtakes 2009 DVD, Blu-ray sales

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For the first time since 2002, U.S. consumers spent more to see Hollywood movies in theaters last year than buy them on DVD and Blu-ray discs, industry figures showed on Monday, and that trend is expected to continue.
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Rockers Lifehouse try new slant with Mirrors

Just like clockwork, since its 2000 debut, No Name Face, rock band Lifehouse has cranked out a studio album every two to two-and-a-half years, and each has peaked in the top 15 of the U.S. pop chart.
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Stock futures little changed, eyeing auto sales

Stock index futures were flat on Tuesday as investors awaited key economic data for fresh signs of an economic recovery a day after the Dow and the S&P rallied to their highest closes in more than 15 months.
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Skype to offer video service on LG, Panasonic TVs

Privately held Skype has forged deals with consumer electronics makers LG Electronics and Panasonic in a bid to move its Internet video service beyond the desktop computer to the living room TV.
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Yemen raid allowed embassy opening :U.S.

The American embassy in Yemen reopened on Tuesday after a raid near Sanaa that killed two al Qaeda militants addressed specific security concerns that had forced U.S. and European missions to close, the embassy said.
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What happens next on U.S. healthcare reform?

Now that the U.S. Senate and the House of Representatives have passed their versions of healthcare reform, the two chambers must work out their differences before legislation can be delivered to President Barack Obama for his signature.
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Obama to unveil counterterrorism reforms

U.S. President Barack Obama on Tuesday plans to unveil reforms aimed at thwarting future attacks like the attempted Christmas Day airliner bombing, as he seeks to limit political fallout from the incident.
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Justice Department urges FCC to free spectrum

The government agency that supervises the communications industry should free up unused airwaves to make the high-speed Internet access market more competitive, the U.S. Justice Department said on Monday.
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Stock futures flat ahead of factory orders, homes data

U.S. stock index futures were flat on Tuesday as investors awaited factory orders and pending home sales data for more signs about an economic recovery a day after the Dow and the S&P rallied to their highest closes in more than 15 months.
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Nokia files new patent suit against Apple

The world's top mobile phone maker, Nokia, has launched another court case against Apple for alleged patent violations, in an increasingly fierce legal battle between two leaders of the smartphone market.
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Toyota, Honda step up small-car war in India

Toyota Motor Co and Honda Motor Co launched new compact cars to tap the fast-growing and price-sensitive India market as they and other automakers seek to put a dire 2009 behind them.
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Stock futures point to weaker start

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 fell 0.02 to 0.2 percent, pointing to a weaker start on Wall Street on Tuesday.
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Hopes for economy drive risk appetite

Optimism about the world economy buoyed global equities on Tuesday, particularly in emerging markets, but the dollar continued its weak start to 2010.
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Asia stocks hit 17-month peak on risk appetite

Asia stocks rose to a 17-month high on Tuesday as growing confidence about the prospects for the global economy drew investors to riskier assets and away from the dollar, which extended its weak start to the year.
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ECB's Bini Smaghi urges looser Asia FX policy -FT

Looser foreign exchange policies in emerging Asia, particularly China, would benefit everyone but the desire for change may have diminished post-crisis, European Central Bank policymaker Lorenzo Bini Smaghi said on Tuesday.
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Asia stocks hit fresh peaks, dollar steadies

Growing confidence about the global economy lifted Asian stocks to a fresh 17-month high on Tuesday as investors continued to be drawn to riskier assets, while the dollar stabilized after a weak start to the year.
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Dollar steadies after fall on growing risk appetite

The dollar steadied on Tuesday, keeping broad losses made the previous day, as growing hopes for a global economic recovery encouraged investors to shift funds to riskier assets from the greenback. The dollar was also under pressure from fund mangers trying to rebuild their portfolios at the start of the year by buying stocks, commodities and higher-yielding currencies.

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