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U.S. bank regulators closed Mainstreet Bank

U.S. bank regulators closed Mainstreet Bank of Forest Lake, Minnesota, on Friday, the 83rd U.S. bank to fail this year as economic weakness continues to take a toll on financial institutions.

Canadian bank seeks US jury trial in options fraud

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TORONTO - Bank of Montreal, one of Canada's top banks, is suing two U.S.-based brokerages and some of their former officers and shareholders for their part in an intricate fraud carried out by the former head of its commodity derivatives group, court documents showed.
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US judge may decide Asarco's fate as soon as Monday

NEW YORK/MEXICO CITY - A U.S. federal judge is expected to decide on Monday whether Grupo Mexico (GMEXICOB.MX) or India's Sterlite Industries (STRL.BO) will control Asarco LLC, bringing the U.S. copper miner a step closer to leaving bankruptcy after four years.
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UPDATE 2-US court throws out FCC cable ownership limit

WASHINGTON - A U.S. court on Friday struck down a rule limiting a cable company to no more than 30 percent of the subscription television market, a victory for companies like Comcast Corp (CMCSA.O) that could spark a wave of consolidation in the industry.
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U.S. natgas rig count climbs for a sixth week

NEW YORK - The number of rigs drilling for natural gas in the United Stases rose four this week to 699, the sixth straight weekly gain after sinking in mid-July to the lowest level in more than seven years, according to a report on Friday by Baker Hughes in Houston.
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US copper ends strong in month-end book squaring

NEW YORK - U.S. copper futures surged to prices unseen in 11-months after robust U.S. consumer spending data suggested demand for the metal might increase, then closed off that peak at still-lofty levels as many players squared their books at month's end, analysts said.
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US copper futures surge after U.S. spending data

U.S. copper futures advanced to levels not seen in 11-months on Friday as a robust U.S. consumer spending report suggesting demand for the metal might increase going forward, but later pulled off that peak when consumer sentiment eased slightly in August, traders said.
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US stock index futures point to rise on Wall St

* Futures for the Dow Jones industrial average DJc1, the S&P 500 SPc1 and the Nasdaq 100 NDc1 stock indexes are up from 0.2 to 0.4 percent, pointing to a higher start when the U.S. markets open on Friday.
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U.S. finds water polluted near gas-drilling sites

PHILADELPHIA - U.S. government scientists have for the first time found chemical contaminants in drinking water wells near natural gas drilling operations, fueling concern that a gas-extraction technique is endangering the health of people who live close to drilling rigs.
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U.S. eyes 12 giant bunker buster bombs

WASHINGTON - The U.S. military wants to speed production of 10 to 12 huge bunker buster bombs, the Air Force said on Thursday, amid concerns over suspected underground nuclear sites in Iran and North Korea.
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Edison unit accused of U.S. clean air violations

A unit of energy giant Edison International (EIX.N) on Thursday was charged with violating U.S. clean air laws at its coal-fired power plants in Illinois by releasing massive amounts of pollutants into the atmosphere.
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US copper futures down early as China worries weigh

NEW YORK - U.S. copper futures dipped into negative territory Thursday morning as a weaker open on Wall Street and lingering concerns about Chinese demand sapped earlier strength and pulled prices back down from the $2.90 a lb level.
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Garmin picks US carrier for smartphone

BANGALORE - Garmin Ltd (GRMN.O) has chosen a wireless carrier for its long-awaited navigation-enabled smartphone set for a fourth-quarter launch in the United States, but the navigation device maker stopped short of naming the company.
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U.S. farmers warm to community agriculture model

MILLIS, Mass. - As he finished packing corn, tomatoes and blueberries into shopping bags at a Massachusetts farm, software engineer Alex Lian said his new shopping habits had changed his attitude to food.

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