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Lilly forecasts sidestep 2011-2014 patent cliff

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Eli Lilly and Co forecast 2010 earnings in line with Wall Street expectations but gave no hint of how profit might pan out after its biggest drugs lose patent protection between 2011 and 2014.
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Bruce Springsteen speaks out for gay marriage

Bruce Springsteen has come out in support of gay marriage in his home state of New Jersey, where a marriage equality bill will go to vote this week. The rocker released a statement via his official Web site Wednesday backing the legislation.
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ABC to tap Stephanopoulos as co-anchor of GMA

ABC News plans to announce on Thursday that George Stephanopoulos will become an anchor of Good Morning America in a long-expected change that sees Diane Sawyer step up to head the U.S. network's nightly news.
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Wall Street set to rise after jobs and trade data

Wall Street was poised to open higher on Thursday after new claims for jobless benefits rose more than expected but the number of people seeking extended benefits fell, and a separate report showed the U.S. trade deficit unexpectedly narrowed.
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Obama accepts peace prize, defends just wars

The United States must uphold moral standards when waging wars that are necessary and justified, President Barack Obama said on Thursday as he accepted the Nobel Prize for Peace.
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New U.S. jobless claims rise

The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, but a surprise narrowing in the trade gap in October suggested the economic recovery was becoming entrenched.
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U.S. jobless claims rise above expectations last week

The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, pushed up by layoffs in seasonal industries, according to a government report on Thursday that indicated improvement in the labor market would be only gradual.
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U.S. foreclosures slow a 4th month, but more lurk

U.S. foreclosure activity fell in November for the fourth month running, but improvement from July's record high came from loan modification programs that may fail to permanently remedy many failing mortgages, real estate data company RealyTrac said on Thursday.
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SEC eyes 9 deals in insider trading probe: report

U.S. securities regulators are investigating at least nine mergers, including Pfizer Inc's takeover of Wyeth and Merck & Co Inc's acquisition of Schering-Plough Corp, for possible insider-trading violations, the Wall Street Journal reported, citing people familiar with the matter.
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EBay exec: Craigslist knew we could compete

Craigslist executives were well aware that eBay Inc could compete in online classifieds when they negotiated a deal to sell it a minority stake, a former eBay executive testified in court on Wednesday.
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Stock futures signal gains before macro data

Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.2 percent and Nasdaq 100 futures up 0.2 percent.
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Nokia to close U.S. flagship stores

Nokia will close its two flagship stores in the United States, saving costs on a market where the world's top cellphone maker is struggling to gain ground.
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World stocks still weak but Europe rebounds

World equities were generally weaker on Thursday, adding to five sessions of losses, although Europe rebounded after recent hits over some of the region's more vulnerable economies.
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Hawkish Asia rate views hurt bonds; stocks down

Government bonds in Australia and South Korea fell on Thursday as investors pushed forward expectations for interest rate rises in 2010 because of bullish growth views, while Asian stocks slid on year-end profit taking.
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Citi could sell $20 billion of shares soon: report

Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.

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