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U.S. jobless rate hits 26-year high of 9.8 percent

U.S. employers unexpectedly cut more jobs in September than in August, underscoring the fragility of the economy's recovery from its worst recession in 70 years as businesses remain cautious about the future.
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Ally McBeal looks for love on DVD: finally

Ally McBeal -- the quirky TV comedy whose mini-skirted neurotic star, nose-whistling lawyers and unisex bathrooms found a worldwide audience -- finally arrives in stores next week as a complete DVD series with all its original music intact.
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Tate museum pulls young Brooke Shields nude image

Britain's Tate Modern gallery said on Thursday it had closed a room at its new blockbuster exhibition that contains a naked image of actress Brooke Shields aged 10, after police launched an investigation.
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Consumer bankruptcies soar in September

Consumer bankruptcies soared 41 percent in September from a year before and climbed from August, as high unemployment and the housing market crash took their toll, the American Bankruptcy Institute said on Friday.
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U.S. consumer bankruptcies soar in September

Consumer bankruptcies soared 41 percent in September from a year before and climbed from August, as high unemployment and the housing market crash took their toll, the American Bankruptcy Institute said on Friday.
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Southern Union to pay $18 mln for mercury storage

The Southern Union Co, which once owned the New England Gas Company, was sentenced on Friday to pay a $6 million criminal fine and $12 million to community initiatives for illegally storing mercury at a Rhode Island site, the U.S. Justice Department said.
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ElBaradei bound for Iran to pin down Geneva accord

The head of the U.N. nuclear watchdog will head to Iran this weekend to pin down an Iranian pledge, made at talks with big powers on Thursday, to open a newly revealed uranium enrichment site to inspections.
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Santander IPO no bargain, but demand seen strong

As the largest initial public offering on a U.S. exchange in 18 months, the closely watched share sale of Banco Santander (Brasil) will likely attract plenty of demand next week even as some investors balk at the price of the stock.
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Time Warner not interested in NBC

Time Warner Inc Chief Executive Jeff Bewkes said on Friday the media conglomerate is not interested in buying General Electric Co's NBC Universal.
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E-readers seen as holiday hit

Electronic readers could be the hottest gift this holiday season as a new crop of portable media devices begins to join iPods and other music players as must-have tech accessories.
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BofA's CEO search panel heavy on Fleet veterans

Bank of America Corp's six-member CEO search committee includes three former directors of FleetBoston Financial Corp, a sign the bank's Boston connection may take a stronger role in setting future strategy.
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Wall Street flat as jobs data offset by tech, banks

U.S. stocks were little changed on Friday and on track for their second straight week of losses as disappointment over weak jobs data waned and as brokers' positive comments lifted technology and financial companies.
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First Solar shares up on potential index inclusion

First Solar Inc's shares surged nearly 5 percent on Friday, buoyed by news the U.S. solar power company will join the flagship S&P 500 stock index and after it landed a buyer for a 20-megawatt solar power project in Canada.
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Bargain-hunters eye real estate: Barclays

More investors are likely to move capital into real estate over the next couple of years to scoop up bargains even as the distress that has long plagued residential real estate broadens and takes hold in the commercial sector, a top restructuring expert said.
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Gasps greet Chicago's ouster from Games bid

Gasps and tears greeted the announcement on Friday that Chicago had lost its bid to host the 2016 Summer Games, as the city went from favorite to also-ran in the multibillion-dollar Olympics sweepstakes.

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