MARKETS / FINANCE

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AIG's bailout disclosure surprised NY Fed

New York Federal Reserve officials debated in November 2008 whether the terms of the bailout of American International Group could be kept secret from the public and whether securities regulators would even permit it to do so, according to emails obtained by Reuters on Friday.

Expert finds vulnerabilities in Microsoft browser

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A security research firm said it discovered another set of vulnerabilities in Internet Explorer, a day after Microsoft Corp patched the Web browser following a high-profile cyber attack on Google in China.

IRS peers into executive compensation

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As the Obama Administration seeks backing for a tax on banks' lucrative pay packages, the Internal Revenue Service has been stepping up its oversight of executive pay through its auditing and other powers.
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Bank curbs, political fallout slam Wall Street

Stocks capped their worst three-day slide in 10 months on Friday on fears the White House's plan to curb bank risk-taking would cut profits, and tech shares slumped after Google Inc's disappointing results.
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Techs lead slide, S&P 500 below 1,100

Stocks extended losses on Friday with technology shares leading the way down after Google Inc's revenue and chipmaker Advanced Micro Devices Inc's sales outlook disappointed investors.
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Treasury seeks dealer input on MBS purchases

The Treasury Department said on Friday it will be seeking comments from bond dealers on the impact its purchases of mortgage-backed securities will have on fixed income markets.
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China says U.S. Internet accusations baseless

China hit back at U.S. criticism of Internet censorship and hacking on Friday, warning that relations between the two global heavyweights were being hurt by a feud centered on web giant Google.
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S&P 500 turns negative for 2010; techs fall

U.S. stocks turned negative for the year on Friday, led lower by technology shares after Google Inc's revenue and chipmaker Advanced Micro Devices Inc's sales outlook disappointed investors.
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Twitter users vulnerable to security flaw

A flaw in Twitter's website has left the login credentials of its users vulnerable to hackers, according to a security researcher who has asked the social media company to fix the problem.
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McDonald's profit, December same-store sales rise

McDonald's Corp posted higher quarterly profit helped by strength in Europe and a small rise in December sales in the United States, where high unemployment and rampant discounting are straining results.
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GE profit tops Wall Street forecasts

General Electric Co posted quarterly earnings that topped Wall Street expectations as it kept costs in line despite sluggish demand for jet engines, railroad locomotives and other heavy equipment.
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U.K. stocks continue to fall on weak retail sales

The FTSE 100 index was essentially flat early in the London session, but proceeded to drop as much as 40 points, or 1.4 percent, after weaker than expected U.K. retail sales were announced at 9:30 am in London.
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Stocks drop on Obama plan, Bernanke delay

U.S. stocks dropped on Friday as proposed sweeping restrictions on U.S. banks and the delayed confirmation of Fed Chairman Ben Bernanke overshadowed solid earnings from General Electric and McDonald's.
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Obama bank plan wins tentative support in Europe

France, Britain and Germany offered support on Friday for President Barack Obama's plan to limit banks' size and trading activities but fell short of pledging to follow suit on the proposal that has stunned world markets.
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Dramatic Obama bank plan wins some backing in Europe

France, Britain and Germany offered some support on Friday for U.S. President Barack Obama's plan to curb banks' size and trading activities, which has stunned markets and could rewrite the world's financial order.
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Media in China dismiss U.S. Internet push

Chinese media on Friday dismissed Washington's call to lift Internet censorship, after a top Chinese diplomat warned the Obama administration to heed alarm bells over trade, Taiwan and Tibet.
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Stock futures off on Obama plan, Bernanke delay

U.S. stock index futures fell on Friday as President Barack Obama's proposed sweeping restrictions on banks and the delayed confirmation of Fed Chairman Ben Bernanke put investors on the defensive after a 10-month rally.
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Nokia hits TomTom, Garmin with free satnav

Nokia launched free satellite navigation on its cellphones on Thursday to boost handset sales and prices, a fresh blow for satnav makers whose $25 billion market has already been hit by Google.
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Asia stocks slide on Obama plan

Asian stock markets skidded on Friday and commodity prices fell across the board after U.S. President Barack Obama proposed new restrictions on banks that spurred selling of risky assets.

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