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Bernanke, Rep. Frank trim sails on risk

The head of the Federal Reserve and a key U.S. lawmaker on Thursday backed away from a controversial provision of the Obama administration's financial regulation reform plan, saying new oversight by the Fed on systemic risk should be shared with other regulators.
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Wall Street slumps after manufacturing data

U.S. stocks fell further on Thursday, with major indexes down more than 1 percent, after data showed the manufacturing sector grew in September, but at a slower pace than anticipated.
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Duke opens two wind farms, taps Siemens

Duke Energy said on Thursday it brought two new wind power projects on line and said it would use Siemens Energy wind turbines as well as General Electric turbines at a planned Wyoming wind farm.
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Personal spending surges, jobless claims rise

U.S. consumer spending rose at its fastest pace in nearly 8 years in August, but the number of workers filing new claims for jobless benefits rose last week, indicating a weak labor market would weigh on recovery.
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A-list young actors have thirst for Wettest County

The Wettest County in the World, a film project about Depression-era bootleggers, is making waves among some of Hollywood's leading young actors, who are drawn to its colorful setting, mystery elements and meaty roles.
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U.S. employee confidence up in third quarter: survey

U.S. employee confidence edged up in the third quarter, with many workers saying the worst of the recession is over, but that optimism came with hopes for raises and advancement when the dust clears, a survey released on Thursday showed.
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Personal spending in August up 1.3 percent

U.S. consumer spending rose at its fastest pace in nearly 8 years in August, advancing for a fourth straight month, according to a government report on Thursday that pointed to a rebound in spending in the third quarter.
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Monster U.S. online jobs index down in September

A monthly gauge of online labor demand in the United States dipped slightly in September, as employers remained wary despite signs of economic recovery, a private research group said on Thursday.
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U.S. personal spending in August up 1.3 percent

U.S. consumer spending rose at its fastest pace in nearly 8 years in August, advancing for a fourth straight month, according to a government report on Thursday that pointed to a rebound in spending in the third quarter.
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Gays, lesbians getting better showcase on U.S. TV

American TV viewers are seeing more gay, lesbian and transgender characters on their screens and story lines are better reflecting current issues in the gay community, according to a survey set for release on Thursday.
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Stock futures slip after strong 3Q; data in focus

U.S. stock index futures fell on Thursday, with investors consolidating gains after a strong quarter, and as a raft of economic data was due that could offer clues about the tone of economic recovery.
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EU launches free satellite system to fine-tune GPS

The European Union launched a free satellite navigation network on Thursday that could help pilots, drivers and blind people by fine-tuning the accuracy of the U.S. global positioning system to around 2 meters.
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Big pharma jumps back into flu business

A dearth of new products, new technologies and fresh commitments by governments scrambling to protect their populations from pandemic threats have lured U.S. drugmakers back into the flu vaccine business.
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REFILE-US Sept planned layoffs ease as year total tops 1 mln

Planned layoffs at U.S. firms fell in September, showing further signs that the labor market is improving. Planned job cuts announced by U.S. employers fell to 66,404 last month, down 13 percent from 76,456 in August, according to a report released on Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.
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Futures dip ahead of ISM, jobless claims data

U.S. stock index futures fell on Thursday as investors awaited a raft of data, including manufacturing and jobless, that could provide clues on the strength of an economic recovery. The data due out will also include pending home sales, personal income and consumption, and may offer fresh evidence on the strength of the U.S. recovery, ahead of Friday's non-farm payrolls.
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U.S. Sept planned layoffs ease as year total tops 1 million

Planned layoffs at U.S. firms fell in September, showing further signs that the labor market is improving. Planned job cuts announced by U.S. employers fell to 66,404 last month, down 13 percent from 76,456 in August, according to a report released on Wednesday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

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