MARKETS / FINANCE

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New U.S. jobless claims rise

The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, but a surprise narrowing in the trade gap in October suggested the economic recovery was becoming entrenched.

U.S. jobless claims rise above expectations last week

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The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, pushed up by layoffs in seasonal industries, according to a government report on Thursday that indicated improvement in the labor market would be only gradual.
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Stock futures signal gains before macro data

Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500 up 0.3 percent, Dow Jones futures up 0.2 percent and Nasdaq 100 futures up 0.2 percent.
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World stocks still weak but Europe rebounds

World equities were generally weaker on Thursday, adding to five sessions of losses, although Europe rebounded after recent hits over some of the region's more vulnerable economies.
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Hawkish Asia rate views hurt bonds; stocks down

Government bonds in Australia and South Korea fell on Thursday as investors pushed forward expectations for interest rate rises in 2010 because of bullish growth views, while Asian stocks slid on year-end profit taking.
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Australia dollar jumps on jobs; Asia stocks steady

The Australian dollar surged on Thursday after November jobs growth blew away expectations, while Asian stocks posted small gains ahead of a slew of Chinese economic data on Friday expected to reflect robust growth.
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Citi could sell $20 billion of shares soon: report

Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.
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U.S. House to debate financial regulation overhaul

The U.S. House of Representatives will debate on Thursday the most sweeping changes to financial regulation proposed since the Great Depression, including broad new government powers over large banks and tighter regulation of capital markets.
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U.S. appeals court weighs Mattel Bratz case

U.S. appeals judges on Wednesday questioned whether a California trial judge went overboard by awarding MGA Entertainment Inc's Bratz doll franchise to Mattel Inc after MGA lost a copyright infringement trial to its rival in 2008.
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Financial reforms win procedural vote in U.S. House

The U.S. House of Representatives approved a procedural rule on Wednesday that cleared the way for floor debate to begin on legislation that would give the government broad new powers over large financial firms and tighten bank and capital market regulation.
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Umbrella Lines - Reversal

As the name implies an Umbrella Line is a candle that looks like an umbrella with a small real body and a long lower shadow. In such candles the upper shadow does not exist or is very small. The real body is also very small comparing to the lower shadow.
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Ex-IBM exec denies SEC charges on Galleon

A former senior IBM Corp executive denied being involved in a sprawling hedge fund insider trading case and asked a court on Wednesday to dismiss civil charges by the U.S. Securities and Exchange Commission.
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Calpers firing some real estate portfolio managers

Calpers, the biggest U.S. public pension fund, has fired or will sack a number of its real estate portfolio managers amid steep losses for its property assets, according to a report on its web site.
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Wholesale inventories, mortgage demand rise

U.S. wholesalers started restocking in October for the first time in more than a year, suggesting the economy could get a lift as a long-running effort by businesses to pare inventories reaches an end.
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U.S. wholesale inventories, mortgage demand rise

U.S. wholesalers started restocking in October for the first time in more than a year, suggesting the economy could get a lift as a long-running effort by businesses to pare inventories reaches an end.
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BofA finishes TARP repayment

Bank of America Corp fully repaid the U.S. government the $45 billion in aid it took during the height of the financial crisis, the company said on Wednesday.
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Wall St closes up as risk appetite returns

Stocks ended higher on Wednesday as the U.S. dollar fell and investors' appetite for risk returned, lifting shares of financial, technology and natural resource companies.
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Citi could sell $20 bln of shares soon: report

Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as Thursday and could be some $20 billion, television network CNBC reported, citing sources.
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Daily Forecast - 10/12/2009

The Australian Dollar opens marginally higher today at 0.9060 after another bout of risk aversion saw the unit trade as low as 0.9017 during Asian trade on Wednesday.
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The fat burning Technology that could make you rich

What if a single drug could cure obesity? According to some research I've been following, we're not far off from that reality. There's no question that whoever controls the market for such a groundbreaking obesity drug holds the keys to mind-blowing wealth. Here's everything you need to know for a shot at the ground floor...
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Wall St ends up as risk appetite returns

Stocks ended higher on Wednesday, reversing earlier losses, as a weaker dollar fueled appetite for riskier assets, boosting shares of financial, technology and natural resource companies.
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HMO stocks slip amid concern over new regulations

Shares of U.S. health insurers lost initial gains on Wednesday as new proposed regulations that are part of efforts to overhaul the health system overshadowed momentum from the decline of a government-run insurance plan.
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US gold ends near 3-week low on investor selling

NEW YORK, Dec 9 (Reuters) - U.S. gold futures hit their lowest level in more than three weeks on Wednesday, falling sharply for a fourth-straight session as expectations of a dollar bounce and easing inflation sent bullion investors racing to cut positions.
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Wealth advisers sell amid slump to survive: study

Once driven by their desire for an up-front profit, wealth advisers have been selling their firms out of fear they may not survive the economic downturn, an industry study released Wednesday said.
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Citi positioned to repay TARP: report

Citigroup Inc plans to pay back TARP by raising money in an equity offering that could be announced as early as this Thursday, cable television network CNBC reported on Wednesday, citing sources.
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Wall Street jumps on dollar, tech boost

Stocks ended higher on Wednesday as weakness in the U.S. dollar fueled appetite for riskier assets, propelling shares of financial, technology and natural resource companies into a late-hour advance.

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