UNITED STATES

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Russia to work on new nuclear missiles

Russia will work on a new generation of atomic weapons to strengthen its nuclear deterrent, President Dmitry Medvedev said on Thursday, just hours after Moscow test-fired one of its most feared missiles.

Bunge doubles Brazil sugar bet with $452 mln deal

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U.S. agribusiness giant Bunge Ltd (BG.N) will buy Brazilian sugar and ethanol producer Moema for $452 million, its biggest bet yet on the fast-growing cane and ethanol industry in the world's top exporter.
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World H1N1 deaths now at least 11,516: WHO

At least 11,516 people around the globe have died from the H1N1 flu virus since the pandemic emerged in April, the World Health Organization (WHO) reported on Wednesday.
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EU carbon falls on lower German power

European carbon prices fell on Thursday, pressured by lower German power prices. EU Allowances for December 2010 delivery lost 22 cents or 1.7 percent at 12.78 euros a tonne on around 160 lots traded by 0935 GMT.
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Senate approves landmark healthcare overhaul

The Senate approved President Barack Obama's landmark healthcare overhaul on Thursday, backing sweeping changes in the medical insurance market and new coverage for tens of millions of uninsured Americans.
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Major storm gains intensity in Midwest for Christmas

The central United States is expected to see a white but slick and blustery Christmas as snow will be coupled with blinding winds in western areas and freezing rain in the east, a forecaster predicted Thursday.
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Buffett: It's simple, railroads are not pet rocks

When Warren Buffett said last month that his Berkshire Hathaway Inc was buying Burlington Northern Santa Fe Corp for $26 billion, he characterized the deal as an all-in wager on the economic future of the United States.
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Data lifts stocks to 2009 highs on Christmas Eve

U.S. stocks rallied in a brief pre-holiday session on Thursday, closing at 2009 highs, after data showing a drop in initial jobless claims and growth in durable goods orders suggested an economic recovery was picking up steam.
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Stocks extend gains on U.S. data; dollar slips

U.S. and European stocks hit more than one-year closing highs on Thursday after better-than-expected U.S. jobless claims and durable goods orders drove optimism that the economic recovery is gaining hold, while the dollar slipped after a recent rally.
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Durable orders up, jobless claims at 15-month low

New orders for long-lasting U.S. manufactured goods, excluding transportation items, surged in November and new applications for jobless aid hit the lowest level in 15 months last week, pointing to a firmly entrenched economic recovery.
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Saab deal hopes fade, GM presses on with wind down

General Motors Co is pressing ahead with plans to shut down Saab as chances of a deal to sell the Swedish brand to Dutch sports car builder Spyker Cars remain remote, a person familiar with the planning said on Thursday.
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Stocks hit 2009 highs on data in short session

U.S. stocks rallied in a brief pre-holiday session on Thursday after data showing a drop in initial jobless claims and growth in durable goods orders suggested an economic recovery was picking up steam.
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Attacks kill at least 23 across Iraq

At least 23 people died in attacks across Iraq on Thursday, including a provincial leader and pilgrims observing a major Shi'ite religious ritual, police and officials said.
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China decries Western meddling in dissident trial

China denounced foreign diplomatic meddling in the trial this week of Liu Xiaobo, a dissident facing up to 15 years in prison for authoring works calling for greater civil and political freedoms.
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U.S. Senate passes landmark healthcare plan

The U.S. Senate approved President Barack Obama's landmark healthcare overhaul on Thursday, backing sweeping changes in the medical insurance market and new coverage for tens of millions of uninsured Americans.
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US copper up early on weak dollar, momentum buying

U.S. copper futures strengthened to near 15-month highs Thursday morning, driven by extended losses in the dollar,supply threats in Chile, and pre-holiday momentum buying. For detailed report on global copper markets, click on [MET/L]
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Jobless claims fall, durables orders rise

New orders for long-lasting U.S. manufactured goods excluding transportation surged in November, and applications for jobless benefits fell last week, pointing to a firmly entrenched economic recovery.
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Carlyle says mulling bid for Shanks

U.S. private equity firm Carlyle Group CYL.UL said it has talked to British waste management company Shanks Group (SKS.L) about a possible takeover offer.

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