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United Tech results top Wall Street forecasts

Diversified U.S. manufacturer United Technologies Corp reported a 17 percent drop in third-quarter profit, that nonetheless beat Wall Street estimates, as cost-cutting helped offset slumping demand.

Housing starts rise, producer prices decline

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New construction of U.S. homes rose less than expected in September as ground-breaking activity for multi-family dwellings fell sharply, highlighting the economy's uneven recovery path.
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Honda eyes electric car launch in major markets

The head of Honda Motor Co said he would consider launching electric cars in the United States, Europe and Japan, a sign Japan's No. 2 automaker is changing its strategy for the next generation of fuel-efficient vehicles.
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Holiday miracle needed for turnaround at U.S. ports

Foreman Danny Miranda remembers the days when the Los Angeles and Long Beach, California, ports were so jammed that ships waited in line to unload. Now the lingering recession has longshoremen waiting in line for work.
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Fewer holiday goods spurs U.S. retail scramble

Some store chains are hedging a major bet they made this year by slashing inventories, sometimes as much as 25 percent, to make sure they do not get stuck with a glut of merchandise for a second consecutive year.
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Solid earnings boost futures

U.S. stock index futures rose on Tuesday after strong quarterly results from bellwethers Apple and Caterpillar pointed to a strong earnings season.
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Solid earnings lift futures

U.S. stock index futures rose on Tuesday after strong quarterly results from bellwethers Caterpillar Inc and Apple Inc pointed to a solid earnings season.
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Barclays drags banks, FTSE lower; US earnings eyed

A sale of Barclays shares by the Qatari Investment Authority (QIA) dented banking stocks, pulling Britain's FTSE 100 index slightly lower by midday on Tuesday, but the move lifted Sainsbury shares by reviving bid talk.
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Oil retreats below $80 on supply caution

Oil edged lower on Tuesday, ebbing from an over $80 a barrel a peak hit earlier on a weaker dollar, as a cautious reassessment of supply and demand tempered the rally.
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Apple smashes forecasts, stock hits record

Apple Inc's profits and sales streaked past Wall Street forecasts as iPhone and Mac sales hit quarterly records, sending its shares rocketing to all-time highs on Monday.
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Adecco to acquire MPS for $1.3 billion

Switzerland's Adecco , the world's largest staffing company, said on Tuesday it would acquire U.S. rival MPS Group Inc for $1.3 billion in a cash transaction.

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