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Serena Williams gets $82,500 record fine for US Open outburst

Tennis star Serena Williams received a record fine of $82,500 for her outburst at this year's US Open and could face suspension from the tournament if she has another major offense in the upcoming two years the Grand Slam committee said Monday.

EBay fined by Paris court over LVMH sales

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A French court fined eBay Inc 1.7 million euros ($2.6 million) for violating a 2008 injunction that prevents French users of the online auction site from buying or selling LVMH perfumes and cosmetics on any eBay website.

Amazon, Best Buy up after Black Friday weekend

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Shares of Best Buy Co Inc , Amazon.com and American Eagle Outfitters Inc rose on Monday morning as investors bet they were gaining a larger share of spending over the holiday shopping season.
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Early holiday sales disappoint investors

Investors took a dim view of early holiday season sales on Monday, with shares of Best Buy , Amazon and American Eagle Outfitters among the few positive performers on hopes they were gaining a larger share of consumer spending.
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EU clears Syngenta GMO maize for feed, food imports

The European Commission on Monday approved Swiss company Syngenta's genetically modified (GMO) maize type MIR604, a move that could enable the resumption of imports of soymeal and soybeans for animal feed.
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Obama's Afghan surge sets sights on Kandahar

A year ago, mobile phones worked just fine in the pomegranate orchards and vineyards along the Arghandab river on the outskirts of Afghanistan's second largest city, Kandahar.
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Stryker to buy device reprocessor Ascent

Orthopedic device maker Stryker Corp said on Monday it would acquire Ascent Healthcare Solutions, a privately held reprocessor of medical devices, for $525 million in cash.
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Stocks little changed after Chicago PMI

U.S. stocks were little changed on Monday after the Chicago purchasing managers index, a gauge of regional business activity in the U.S. Midwest, expanded more than expected in November.
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U.S. investors curb risk trades as 2009 nears end

U.S. fund managers decreased their heavy exposure to stocks in November while increasing their cash allocations ahead of 2009's close and on signs that economic recovery may be slow, a Reuters poll showed on Monday.
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Dubai debt woes may hit U.S. property market

Dubai's debt woes could further unhinge an already fragile U.S. commercial real estate market, as it illustrates the importance of that tiny emirate to global investors in an increasingly interconnected world.
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Muslim pilgrimage ends with handful of flu cases

he annual Muslim haj pilgrimage has ended without the major flu outbreak feared by some experts and with only five deaths from the H1N1 flu virus out of 73 recorded cases, the Saudi health minister said.
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New WHO guidelines urge phase-out of major HIV drug

Countries should phase out the use of Stavudine, the most widespread antiretroviral, because of long-term, irreversible side-effects in HIV patients including wasting and a nerve disorder, the World Health Organization said on Monday.
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Stocks set for higher open on sales optimism

U.S. stock futures pointed to a slightly higher open on Monday on optimism over holiday retail sales and as concerns eased that a possible debt default by two of Dubai's flagship firms could damage a global economic recovery.
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Israel says enforcing West Bank settlement moratorium

Israeli inspectors armed with aerial maps and empowered to confiscate construction equipment have begun enforcing a limited government moratorium on new building in West Bank settlements, officials said on Monday.
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Oil ticks up above $76, eyes on Dubai

Oil prices recovered a little on Monday, rising above $76 a barrel as the dollar weakened, but investors kept a wary eye on debt-laden Dubai and its impact on the global economy.
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GM sees China market sales growth slowing

General Motors expects sales growth for China's auto market to drop dramatically in 2010, as the carmaker nears the end of a year of government stimulus-fueled growth in the world's biggest car market, the head of the company's China operations said on Monday.
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United States, Brazil at odds over Honduras crisis

Honduras' disputed presidential election is likely to set Washington against emerging Latin American power Brazil over whether to recognize the winner of a vote promoted by the leaders of a June coup.

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