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Dollar carry trade faces risks in 2010

Borrowing the dollar cheaply to fund purchases of higher-yielding assets was a no-brainer in 2009, thanks to the Federal Reserve's repeated assurances that U.S. interest rates would stay low for an extended period.

OPEC seeks to stem quota leakage after deal

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OPEC agreed on Tuesday to keep supply curbs unchanged but faces an uphill battle to crack down on those in its ranks failing to comply with quota restrictions if it wants to drain bulging global fuel inventories.
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Britney Spears stories; some absurd (many not true)

Britney Spears hit back at the gossips on Monday, publishing a list of the top 75 most ridiculous or offensive stories written about her in 2009 -- including one claiming her family was once so poor they ate squirrels.
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Obama: Senate healthcare vote big victory

President Barack Obama on Monday heralded a U.S. Senate vote that moved a bill on his signature healthcare reform closer to passage and congratulated lawmakers for defying special interests.
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Economy grows 2.2 percent in third quarter

The economy grew at a much slower pace than previously thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, data showed on Tuesday.
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Economy grew 2.2 percent in third quarter

The economy grew at a much slower pace than previously thought in the third quarter, restrained by weak business investment and a slightly more aggressive liquidation of inventories, data showed on Tuesday.
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Women with high breast cancer risk refuse MRIs

As many as 42 percent of women who are at intermediate or high risk of getting breast cancer decide not to get recommended MRI screening, even if it is offered for free, U.S. researchers said on Tuesday.
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U.S. mortgage industry grapples with new disclosures

The biggest changes to home loan disclosures since the 1970s are around the corner and many in the industry are warning that misunderstandings will create a logjam of confusion just as housing tries to recover.
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U.S. economy growth revised down again

The third government estimate of the U.S. Gross Domestic Product in the Third Quarter was lowered to an annual rate of 2.2 percent on Tuesday from an initial 3.5 percent growth estimate on October 29.
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Russia, U.S. plan unprecedented nuclear cut-Lavrov

Russia and the United States plan unprecedented cuts to their Cold War arsenals of nuclear weapons under a new arms reduction deal, Russian Foreign Minister Sergei Lavrov was quoted as saying on Tuesday.
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Stock futures signal more gains; eyes on data

U.S. stock index futures pointed to a higher open on Wall Street on Tuesday, with futures for the S&P 500 up 0.28 percent, Dow Jones futures up 0.27 percent and Nasdaq 100 futures up 0.51 percent at 3:40 a.m. EST.
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Tokyo hits 3-month high as tech shares rally

Tokyo stock market rose to its highest close in three months on Tuesday as exporters were spurred by the dollar's rally against the yen and technology shares gained off the back of an Intel upgrade.
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GM names Microsoft finance chief as CFO

General Motors Co has hired Chris Liddell, the chief financial officer of Microsoft Corp , as its new finance chief, bringing in a well-regarded auto outsider who could succeed GM's acting CEO Ed Whitacre when he steps aside.

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