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Novo Nordisk says Victoza cleared for EU market

Danish pharmaceuticals group Novo Nordisk's diabetes drug Victoza, a key driver for future sales, has won European Commission approval for marketing across the European Union, the company said on Friday.

North Korea may fire more missiles: report

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North Korea may test mid-range missiles or fire more short-range missiles to step up saber rattling that has raised regional tension, a South Korean daily said on Friday.
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Many top U.S. funds still making up lost ground

At the midyear mark, even some of the best-performing mutual funds of 2009 are still working on comebacks from dismal losses last year, underscoring lingering uncertainty in markets and in the funds industry.
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Cost cutting in U.S. to drive BPO healthcare business

Outsourcing of healthcare services is expected to gain momentum as the prolonged slowdown forces U.S.-based government agencies and healthcare firms to cut spiraling costs and deal with a shortage in qualified personnel.
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Quebecor World reorganization plans approved

Bankrupt commercial printer Quebecor World Inc said on Thursday that its U.S. and Canadian plans of reorganization have been approved by a U.S. bankruptcy court and the Quebec Superior Court.
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Oil below $67 after bleak U.S. jobs data

Oil traded below $67 a barrel on Friday, adding to a fall of nearly 4 percent the previous day, as unemployment data hardened views economic weakness would sap energy demand further and that last month's rally was overdone.
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Clearing key to making derivatives safer: EU

Derivatives pose risks on financial markets that central clearing of contracts would mitigate, the European Commission said on Friday, outlining plans that fall short of more radical U.S. steps.
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EU says clearing key to making derivatives safer

Derivatives pose risks on financial markets that central clearing of contracts would mitigate, the European Commission said on Friday, outlining plans that fell short of more radical U.S. steps.
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Global stocks dip as investors cautious on recovery

World stocks fell on Friday after a disappointing U.S. jobs report and a sluggish euro zone services sector survey reinforced expectations that the process of recovery in the global economy would be long and slow.
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Earnings to set tone for stocks in week ahead

With Wall Street stuck in a range since May, the start of second-quarter earnings season next week could prove to be a decisive factor for determining how much faith investors should have in an economic recovery.
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Ford sales jump, rest of Canada auto sector slumps

Ford Motor Co of Canada was the number one selling automaker in the country for the first time in 50 years as it posted a 25 percent jump in sales in June over a year earlier, the company said on Thursday.
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MySpace suicide conviction tentatively dismissed

A federal judge on Thursday tentatively dismissed the conviction of a suburban mother accused of driving a love-lorn 13-year-old girl to suicide by tormenting her with a fake MySpace persona.
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Bleak payrolls report mauls Wall St; volume thin

Stocks tumbled on Thursday, driving the S&P 500 down to its third-straight weekly loss, as a steeper-than-expected slide in June non-farm payrolls revived caution about economic recovery prospects.
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Daily News Wrap Up - July 2

Markets tumble after dour jobs report, GM warns of liquidation if sale not approved, Desertec could create 240,000 jobs

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