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BP Texas refinery hit with record safety fine

U.S. safety regulators on Friday hit oil giant BP with a record $87.4- million fine for failing to fix safety violations at its Texas City, Texas, refinery after a deadly 2005 explosion.

AmEx says can issue $12.1 billion more under TALF

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American Express Co , the largest U.S. credit card company by purchases, said on Friday it was eligible to issue $12.1 billion more of securities under the Term Asset-Backed Securities Loan Facility plan, or TALF.

Stocks tumble on recovery jitters, financials

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The Dow industrials suffered its worst slide since July on Friday on concerns that the economic recovery won't be robust enough to sustain the seven-month stock rally, while financials sank on renewed worries about Citigroup's balance sheet.
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Fed lets emergency liquidity measure expire

The U.S. Federal Reserve on Friday let expire an emergency provision that had permitted banks to provide liquidity to affiliates unable to obtain funding during the crisis, citing normalizing credit markets.
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Horror videogames scare up record sales

What do Jigsaw from Saw, Freddy Krueger, and Jason from Friday the 13th all have in common, besides serial killing? Videogames, if the horror stars' latest round of promotions are to be believed.
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Wall Street hit by financials, outlook concerns

Stocks slid on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup.
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IAEA awaits urgent Iran reply on fuel deal

Iran has yet to give a formal response to a U.N.-drafted nuclear fuel proposal after signaling it would do so this week, then leaking demands for major changes that could unravel the tentative pact.
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Wall St hit by financials, outlook concerns

U.S. stocks slid on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup.
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Chevron profit hit by oil, refinery weakness

Chevron Corp posted a 51 percent drop in quarterly profit on Friday, becoming the latest oil major to be hit by the steep decline in oil and natural gas prices and anemic margins at refineries.
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Consumer sentiment slips in October: survey

U.S. consumer sentiment slipped this month as Americans worried about their personal finances and focused on paying down debts, though confidence in a national recovery remained high, a survey showed on Friday.
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Consumer spending falls, sentiment sours

U.S. consumers cut spending in September and turned gloomier this month, underscoring the fragile nature of the economy's recovery even as signs emerged that manufacturing activity may be picking up.
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Honduras' Zelaya set to return to power

Honduras' de facto government buckled under international pressure on Thursday and agreed to allow the return to power of President Manuel Zelaya, who was toppled in a military coup four months ago.
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Colombia, U.S. sign military cooperation deal

Colombia and the United States signed a pact on Friday increasing U.S. access to Colombian military bases, the Colombian government said, deepening its standing as Washington's main ally in the region.
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Israel endorses draft Iran atom deal as first step

Israel offered cautious praise on Friday for a U.N.-drafted, U.S.-backed proposal for dealing with Iran's enriched uranium, calling it a positive first step toward denying Tehran the means to make nuclear weaponry.
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Afghan officials defend plan for more voting centers

Afghan election officials on Friday defended plans to open more polling centers for next week's presidential run-off despite fears not enough is being done to prevent a repeat of the fraud which marred the first round.
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House takes another step on healthcare reform

Democrats in the U.S. House of Representatives unveiled a sweeping healthcare overhaul on Thursday that would transform the insurance market, create a government-run insurance plan and levy new taxes on the rich.
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US home buyer credit spurred 400,000 sales -report

The government's first-time homebuyer tax credit has spurred a significant amount of sales this year and its positive impact on the hard-hit housing market warrants an extension, an economist known for her property market expertise said on Thursday.

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