MARKETS / FINANCE

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Economy returns to growth after deep slump

The U.S. economy grew in the third quarter for the first time in more than a year as government stimulus helped lift consumer spending and home building, fueling an unexpectedly strong advance.

Obama's too big to fail plan blasted in Congress

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The Obama administration's new proposal for tackling financial risk in the U.S. economy, unveiled just two days ago, came under attack on Thursday from all sides, with critics targeting its funding and scope.

Wall Street Journal closes Boston bureau

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The Wall Street Journal will close its Boston bureau to save money, and shift coverage of the mutual fund industry to its money and investing reporting team, the newspaper's editor said on Thursday.
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Wall St gains on GDP growth, halts 4-day slide

U.S. stocks rose on Thursday, helping the S&P 500 and the Nasdaq halt a four-day rout, as data showing that the U.S. economy grew faster than expected in the third quarter buoyed hopes of a recovery in profits.
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Economy returns to growth

The U.S. economy grew in the third quarter for the first time in a year, beating market expectations, as consumer spending and new home-building rebounded, signaling the end of the worst recession in 70 years.
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Economy returns to growth after a year of declines

The U.S. economy grew in the third quarter for the first time in a year, beating market expectations, as consumer spending and new home-building rebounded, signaling the end of the worst recession in 70 years.
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European shares turn positive after U.S. GDP data

European shares turned positive on Thursday after data showed the U.S. economy grew in the third quarter for the first time in a year as consumer spending and investment in new home-building rebounded.
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US STOCKS-Wall St set to gain after GDP tops expectations

Wall Street was set for a near 1 percent opening gain on Thursday following four days of losses in the S&P 500 after data showed the U.S. economy grew faster than expected in the third-quarter and corporate profits reassured investors.
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Recession unofficially ends as economy grows

The U.S. economy grew in the third quarter for the first time in a year, beating market expectations, as consumer spending and new home-building rebounded, signaling the end of the worst recession in 70 years.
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Wall St set to gain after GDP tops expectations

Wall Street was set for a near 1 percent opening gain on Thursday following four days of losses in the S&P 500 after data showed the U.S. economy grew faster than expected in the third-quarter and corporate profits reassured investors.
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Economy grows in Q3, unofficially ends recession

The economy grew in the third quarter for the first time in a year as consumer spending and investment in new home-building rebounded, data showed on Thursday, unofficially ending the worst recession in 70 years.
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FTSE slips as bank gains offset by weaker energy

Weakness in energy stocks, pulled lower by downbeat results from Royal Dutch Shell (RDSa.L), offset gains from banks and miners leaving Britain's FTSE 100 .FTSE off 0.3 percent by midsession on Thursday.
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Economy likely grew in Q3; inventory a wild card

The U.S. economy resumed growing in the third quarter after a year of decline as consumers spent more and investment in home-building bounced back to end the worst recession in 70 years, a Reuters survey of economists predicts.
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UPDATE 1-State Street settlement OK'd despite objection

A federal judge ordered State Street Corp (STT.N) to pay $89.75 million to settle a lawsuit over mortgage losses, rejecting the bank's argument that the accord may prove unfair depending on how a related regulatory probe is resolved.
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Futures up ahead of GDP; P&G, Motorola gain premarket

Wall Street was set to rise on Thursday after four days of losses in the S&P 500 as reassuring corporate profits spurred optimism ahead of data expected to show the U.S. economy resumed growing in the third quarter.
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Economy likely grew in latest quarter

The U.S. economy resumed growing in the third quarter after a year of decline as consumers spent more and investment in home-building bounced back to end the worst recession in 70 years, a Reuters survey of economists predicted.
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U.S. stock futures signal rebound; eyes on GDP data

* U.S. stock index futures pointed to a higher opening on Wall Street on Thursday as investors take a breather following the previous session's sharp selloff ahead of key GDP figures and a flurry of corporate earnings.
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Futures rise with GDP numbers on tap

U.S. stock index futures rose on Thursday ahead of data expected to show the economy grew in the third quarter, while jobless numbers and a round of corporate earnings were also on tap.
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U.S. economy likely grew in latest quarter

The U.S. economy resumed growing in the third quarter after a year of decline as consumers spent more and investment in home-building bounced back to end the worst recession in 70 years, a Reuters survey of economists predicts.
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Global stocks hit three-week low on recovery jitters

World stocks hit a three-week low on Thursday, following a sharp fall on Wall Street, as disappointing European corporate results and weak U.S. data fanned concerns about the strength of the economic recovery.
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Oil steadies above $77, eyes U.S. GDP data

Oil prices steadied at above $77 a barrel on Thursday, pausing from the previous session's decline of 2.6 percent, as investors waited for more economic data to gauge the pace of economic recovery in the United States.
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Galleon paid Wall St banks millions for edge: report

Hedge fund firm Galleon Group, whose founder has been charged with insider trading, paid $250 million to its Wall Street banks last year and in return received market information that other investors did not get, the Financial Times reported.
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Galleon paid Wall Street banks millions for edge: report

Hedge fund firm Galleon Group, whose founder has been charged with insider trading, paid $250 million to its Wall Street banks last year and in return received market information that other investors did not get, the Financial Times reported.
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SEC search for ways to peer into fast trades

U.S. regulators are searching for ways to peer into the activities of high-frequency trading, which has blossomed in recent years and now accounts for at least 50 percent of all equity trading in the United States.
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Yahoo begins journey back to respect: CEO

Yahoo Inc vowed to triple its operating profit margin in the next three years as the Internet company seeks to reignite its growth and regain investor confidence.

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