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Nasdaq snaps 12-day run; Dow, S&P 500 edge up

The Nasdaq fell on Friday, halting a 12-day run-up, following Microsoft Corp's disappointing quarterly results, but gains in pharmaceutical and energy shares lifted the Dow and the S&P 500 to fresh 8-month closing highs.

Honduran forces tighten border to stop Zelaya

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Honduran troops and police tightened the border with Nicaragua on Friday against an attempt by deposed President Manuel Zelaya to enter the country after he was removed in a military coup and sent into exile.
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Obama regrets remarks in racially charged case

President Barack Obama backed down on Friday from a statement that police had acted stupidly in arresting a black scholar in a racially charged case that was rapidly becoming a distraction for Obama.
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Police stand by officer who arrested Gates

Police union officials on Friday rallied around the white officer whose arrest of a prominent black scholar sparked a heated debate on race relations in the United States.
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Activists seek to sue against Kim Jong II to ICC

The Investigative Commission On Crime Against Humanity claimed recently that it was seeking ways to file a suit against North Korean leader Kim Jong II to the International Crime Court (ICC) over alleged crimes against humanity, according to the Associated Press report.
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CIT amends debt offer to attract creditors

CIT Group Inc amended its debt restructuring plan on Friday to encourage more bondholders to tender their notes early, and said it intended to keep restructuring out-of-court if the offer succeeded.
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Fiat wins EU clearance to buy Chrysler

Italian automaker Fiat won unconditional approval from the European Commission on Friday to acquire bankrupt U.S. automaker Chrysler CBS.UL as the EU executive said the deal would not hurt competition.
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U.S. consumers' mood wanes in late July: survey

U.S. consumer confidence waned in late July to its lowest ebb since April on growing pessimism about the long-term economic outlook, especially about income and jobs, a survey showed on Friday, even as some economists reckon the longest recession in decades may be easing.
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Buffett: I'm keeping my Goldman Sachs warrants

Warren Buffett said he has no plans to soon exercise Berkshire Hathaway Inc's warrants to buy $5 billion of Goldman Sachs Group Inc stock, although he could make a big profit by doing so.
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Wall Street falls on Microsoft results

Stocks fell on Friday as bellwether Microsoft declined on disappointing results, a day after a rally took the Dow industrials above the key 9,000 mark.
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Exelon 2Q earnings drop 12 pct on low power demand

Exelon Corporation, the largest operator of nuclear power plants in the U.S., reported on Friday that its earnings declined 12 percent in the second quarter due to a low demand for electricity and more expensive nuclear fuel.
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U.S. consumers' mood wanes in final July read: survey

U.S. consumer confidence waned in late July to the lowest reading since April on growing pessimism about the long-term economic outlook, a survey showed on Friday, even as some economists reckon the longest recession in decades may be easing.
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Wall St falls on Microsoft, AmEx results

U.S. stocks fell on Friday as bellwethers Microsoft and American Express declined on disappointing results, a day after a rally took the Dow industrials above the key 9,000 mark.
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Fewer offshore oil/gas wells seen drilled in 2009

The number of new offshore oil and gas exploration wells will shrink by about 15 percent in 2009, as lower crude prices curb investments and hit smaller oil and gas producers, according to data from Derrick Petroleum Services.

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