MARKETS / FINANCE

Oracle says NY Post report on Sun is false

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Oracle Corp denied a newspaper report that Chief Executive Larry Ellison is backing down in a dispute with the European Union over the terms of the software company's $7 billion acquisition of Sun Microsystems Inc.
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Wall St set for strong open after jobs data

U.S. stocks futures pointed to a sharply higher open on Friday after the government said employers cut far fewer jobs than expected in November, signaling a strengthening labor market.
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November U.S. jobs data boosts recovery hopes

U.S. employers cut far fewer jobs than expected last month in the best showing for the labor market since the recession began, boosting the U.S. dollar and global stock prices on hopes for a strong economic recovery.
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U.S. factory orders, inventories rise in October

Inventories at U.S. factories increased for the first time in more than a year in October, while factory orders also rose an unexpected 0.6 percent, the Commerce Department said on Friday, in signs the manufacturing sector is returning to health.
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U.S. job data gives boost to recovery hopes

U.S. employers cut far fewer jobs than expected last month in the best showing for the labor market since the recession began, boosting the U.S. dollar and global stock prices on hopes for a strong economic recovery.
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Cisco gets Tandberg shares after battle

Cisco Systems has control over more than 90 percent of Norwegian target Tandberg, allowing it to squeeze out remaining shareholders, and create the world's leader in videoconferencing equipment.
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U.S. non-farm payrolls fall 11,000 in November

U.S. employers cut a far fewer-than-expected 11,000 jobs in November, the smallest decline since the start of the recession in December 2007, government data showed on Friday, strongly suggesting the deterioration in the labor market was in its final stages.
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U.S. non-farm payrolls fall by 11,000 in November

U.S. employers cut a far fewer-than-expected 11,000 jobs in November, the smallest decline since the start of the recession in December 2007, government data showed on Friday, strongly suggesting the deterioration in the labor market was in its final stages.
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Dollar flat ahead of U.S. jobs; Canada dlr jumps

The dollar held steady against a basket of major currencies on Friday as investors waited for the U.S. government's monthly employment report to offer clues to the potential pace of tightening in U.S. monetary policy.
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European shares fall ahead of key U.S. jobs data

European shares fell for a second straight session on Friday, led down by weak financial stocks, with trading volumes low as investors remained cautious ahead of keenly watched U.S. payrolls data later in the session.
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Dollar flat ahead of U.S. jobs; Canada dollar jumps

The dollar held steady against a basket of major currencies on Friday as investors waited for the U.S. government's monthly employment report to offer clues to the potential pace of tightening in U.S. monetary policy.
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FTSE down 0.5 pct on caution ahead of payrolls

Caution ahead of a key jobs report from the United States weighed on banks and other cyclical stocks, pushing Britain's FTSE 100.FTSE share index 0.5 percent lower by midsession on Friday.
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Oil falls below $76, eyes U.S. jobs data

Oil prices fell for a third consecutive day on Friday, to below $76 a barrel, under pressure from high levels of inventories and nervousness ahead of the latest employment data from the world's top energy consumer, the United States.
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Gold edges lower ahead of U.S. data

Gold eased back toward $1,200 an ounce in Europe on Friday as a slight recovery in the dollar prompted traders to cash in gains after the previous day's run-up to record highs.
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Prosecutors investigated Rajaratnam a decade ago: report

Federal prosecutors investigated Galleon Group hedge fund founder Raj Rajaratnam on suspicions of insider trading more than a decade before he was charged with securities fraud, the Wall Street Journal reported, citing legal filings.
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Stock futures flat ahead of payrolls

U.S. stock index futures pointed to a flat open on Wall Street on Friday following the previous session's drop, as investors await all-important monthly jobs figures.
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Jobs data to give steer on U.S. recovery

World stocks slipped slightly and the dollar was steady on Friday as investors waited for U.S. jobs data, the latest signal about how far the U.S. economy is recovering.
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Goldman likely to pay annual bonus in stock: report

Goldman Sachs Chief Lloyd Blankfein is weighing plans to increase the share of compensation paid out in equity to executives in a bid to quell public anger over the probability of large pay-outs, the Financial Times said.
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BofA board to meet on CEO search next week: report

Bank of America Corp's board is set to meet next Tuesday and is expected to discuss the appointment of a new chief executive, the Wall Street Journal reported, citing people familiar with the situation.
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GM sees the driving future: it's a video game

General Motors Co, battling for survival for much of the past year, has cut loose designers to sketch out a vision of the ultimate youth car of the future -- a virtual one-wheeled wonder that would match wits with its driver.
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China hints sticking to dollar despite worries

China has maintained a consistent allocation of its foreign exchange reserves across different currencies, a senior official said on Friday, suggesting that any diversification away from the dollar has been gradual.
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President Obama Seeks Help for Recovering Jobs

President Barack Obama asked leaders in various capacities today how companies could start hiring again in opening remarks that were part of a business forum convened in Washington today.

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