UNITED STATES

Oil steady above $79; eyes on U.S. data, dollar

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Oil held steady above $79 a barrel on Thursday as the dollar held near 15-month lows against a basket of currencies, while investors waited for U.S. government oil data for direction before taking more positions.

Asia shares edge higher, gold hits new record

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Asian shares edged up on Thursday as investors continued to favor riskier assets on further signs that the global economy is picking up, while a weak dollar sent gold to another record high.
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APEC to back market-oriented currencies

Asia-Pacific governments were expected on Thursday to stick with economic stimulus plans and make a joint call for market-oriented exchange rates to ensure the fragile recovery under way can be sustained.
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Obama war council weighs Afghan troop boost

U.S. President Barack Obama convened his war council on Wednesday for talks considered critical to his deliberations on boosting troop levels in the increasingly unpopular war in Afghanistan.
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Black Friday 2009 deals

Black Friday 2009 deals are being unveiled by major retailers in the United States. Target, Kohl's and Best Buy are some of the companies with special deals for this year's Black Friday.
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HP to buy 3Com for $2.7 billion

Hewlett-Packard Co struck a deal to buy network equipment maker 3Com Corp for $2.7 billion to step up competition against Cisco Systems Inc and expand into China.
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HP agrees to buy 3Com for $2.7 billion

Hewlett-Packard Co struck a deal to buy network equipment maker 3Com Corp for $2.7 billion to step up competition against Cisco Systems Inc and expand into China.
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Ian McKellen takes act to film, TV -- and gay rights

Venerable English stage actor Ian McKellen has played all the great parts from Hamlet to Richard III, but in the twilight of his career, he is finding new roles in mainstream film and TV -- and as a gay icon.
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Fort Hood probe spotlights Web-savvy preacher

A radical Muslim preacher linked by U.S. intelligence to a gunman who killed 13 people at a U.S. Army base is an influential voice in English-language Internet forums increasingly used by militants unfamiliar with Arabic.
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Calpers chief backs lobbyist rules for placement agents

The president of Calpers urged fellow board members at the biggest U.S. public pension fund on Wednesday to back his plan to require placement agents to be subjected to laws for lobbyists in response to events alleging their undue influence over investment decisions.
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Ft. Hood probe spotlights Web-savvy preacher

A radical Muslim preacher linked by U.S. intelligence to a gunman who killed 13 people at a U.S. Army base is an influential voice in English-language Internet forums increasingly used by militants unfamiliar with Arabic.
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AIG's Benmosche totally committed to company

American International Group Inc Chief Executive Robert Benmosche said on Wednesday he remains totally committed to staying at the company, countering an earlier report that he was considering stepping down.
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Ford Europe sales rise 13 percent in October

Ford Motor Co posted its best October sales and market share in a dozen years in its main 19 European markets on Wednesday, but warned that European countries and the EU needed to take further action to bolster auto demand in the region next year.
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Macy's holiday outlook a turkey, stock drops

U.S. department store operator Macy's Inc forecast earnings for the fourth quarter, which includes the crucial holiday shopping season, far below Wall Street expectations on Wednesday, sending shares down 8.1 percent.
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Disney restructures film studio's divisions

Walt Disney Co on Wednesday said it restructured its film studio's marketing, distribution, and operations divisions, reflecting a new strategic direction for bringing content to the market.
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AIG's Benmosche considering stepping down: report

American International Group Inc Chief Executive Robert Benmosche said he and the company's board are frustrated about restrictions on pay and are in discussions with the U.S. government about them, according to an employee letter obtained by Reuters.
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Obama honors Veterans Day in Virginia (Pictures)

President Barack Obama honored fallen troops on Veterans Day Wednesday taking part in the wreath-laying ceremony at Arlington National Cemetery and delivering remarks at the Memorial Amphitheater there.
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Stocks inch up as Fed comments lift sentiment

U.S. stocks edged up on Wednesday as comments by Federal Reserve officials suggested interest rates will stay low for some time, but gains were limited by strength in the U.S. dollar.

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