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Verizon Wireless plans prepaid revamp, ad alerts

Verizon Wireless, the No. 2 U.S. mobile service, plans to offer new options for customers who pay for calls in advance and the company will send advertising alerts to subscribers who ask for the information, according to marketing chief Mike Lanman.

Spam-scam crackdown nets $2 billion in fake checks

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An international crackdown on Internet financial scams this year has yielded more than $2.1 billion in seized fake checks and 77 arrests in the Netherlands, Nigeria and Canada, U.S. and other authorities said on Wednesday.

Electronics companies press free trade deals

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U.S. electronic companies with combined annual sales of $160 billion urged Congress on Wednesday to approve four pending free trade agreements, which they said were vital to continued economic growth.
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Wal-Mart Opens Bank in Mexico

Wal-Mart has finalized preparations for opening its own bank in Mexico, according to latest reports, with branches in the region to be called Banco Walmart de Mexico Adelante.
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Nokia and Renault team up in navigation drive

Nokia the world's top cell phone maker, said it will co-brand a set of Renault Twingo cars which will go on sale later this month, packed with Nokia's navigation system and handsfree equipment.
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EchoStar shares jump on more buyout speculation

Shares in EchoStar Communications Corp jumped more than 11 percent before retreating on Wednesday as investors speculated further on the possibility the satellite operator might sell its DISH pay-TV network.
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Synnex bets on China to drive sales growth

Taiwan's Synnex Technology, the world's No.3 electronics distributor, forecasts its annual sales will grow by a fifth in 2007 and 2008, a touch below market estimates, as it aims to sell more products in China's fast-growth market.
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India's Ranbaxy ups Zenotech stake to 45 pct

Ranbaxy Laboratories Ltd, India's top drugmaker by sales, will raise its stake in Zenotech Laboratories Ltd to 45 percent to expand into the global biogenerics market, it said on Wednesday.
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Dollar hits 1-month high vs yen

The dollar rose to a one-month high against the yen on Wednesday after economic reports reflected growth in U.S. employment in September, boding well for Friday's non-farm payrolls data.
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UAW locals starting to back tentative GM deal

United Auto Workers members at several locals have backed a ground-breaking tentative contract with General Motors Corp that may serve as a pattern for talks with Ford Motor Co and Chrysler LLC.
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Bankrupt Interstate Bakeries' borrowing cut

Interstate Bakeries Corp, the bankrupt maker of Wonder Bread and Twinkies snacks, said on Wednesday its lenders reduced the amount the company can borrow as it struggles to stay in business.
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FDA considers behind-the-counter drug sales

The Food and Drug Administration said on Wednesday it was exploring whether to let certain drugs be available to consumers without a prescription but only after consulting with a pharmacist.
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North Korea agrees to disable reactor by year-end

North Korea has agreed to disable its Yongbyon nuclear reactor and provide a complete declaration of all nuclear programs by the end of the year, in a deal that won praise from U.S. President George W. Bush.
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Greenspan says odds of recession a third to half

The odds of a recession in the United States is between a third and half due to the credit crisis sparked by problems in the U.S. subprime mortgage sector, former Federal Reserve chief Alan Greenspan said on Wednesday.
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Crude stocks up, distillates fall: EIA

Crude oil inventories rose unexpectedly last week in the United States while distillates posted a surprising draw, according to weekly government data issued on Wednesday.
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JC Flowers, Cerberus eyeing Northern Rock: sources

Northern Rock's advisers are in talks with U.S. buyout firm JC Flowers over a rescue bid for the stricken UK mortgage bank, as U.S. firm Cerberus also considers a move, sources familiar with the matter said.
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Services growth slips in Sept: ISM survey

U.S. service sector growth fell more than expected in September, according to a report released on Wednesday that painted a mixed picture of the economy, with prices rising but employment improving.
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Gold bounces after fall, investors await U.S. data

Gold bounced and gained as much as $5 on Wednesday after falling to a one-week low the previous day, suggesting that fundamentals still favored the metal used as an alternative investment to bonds and currencies.
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Oil above $80, investors eye U.S. crude stocks

Oil climbed further above $80 a barrel on Wednesday after three days of losses as investors expected weekly U.S. data to show crude stocks declining and raising the prospects for a winter supply crunch.
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Private sector adds 58,000 jobs in September

U.S. private employers likely added 58,000 jobs in September, in line with expectations, a report by a private employment service said on Wednesday. The report's makers said it was the third consecutive weak reading and confirms the recent deceleration of employment.

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