MARKETS / FINANCE

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Groups urge EU to block Oracle's plan to buy Sun

EU regulators should block Oracle Corp's plan to buy open source database MySQL via its takeover of Sun Microsystems Inc as Oracle may hinder MySQL's development, two technology and consumer groups said.

Bank N.Y. Mellon profit ex-items tops expectations

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Bank of New York Mellon Corp reported a third-quarter net loss after a charge to restructure its investment portfolio, but earnings excluding one-time items topped expectations and its shares climbed almost 3 percent.
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United Tech results top Wall Street forecasts

Diversified U.S. manufacturer United Technologies Corp reported a 17 percent drop in third-quarter profit, that nonetheless beat Wall Street estimates, as cost-cutting helped offset slumping demand.
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BlackRock Q3 net rises 46 percent

Asset manager BlackRock Inc reported a 46 percent jump third-quarter earnings, topping expectations, helped in part by improved cost controls.
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DuPont earnings beat Wall Street view

DuPont posted an 11 percent jump in third-quarter profit on Tuesday, beating Wall Street estimates, but the chemical maker narrowed its earnings outlook for the year.
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Solid earnings boost futures

U.S. stock index futures rose on Tuesday after strong quarterly results from bellwethers Apple and Caterpillar pointed to a strong earnings season.
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Solid earnings lift futures

U.S. stock index futures rose on Tuesday after strong quarterly results from bellwethers Caterpillar Inc and Apple Inc pointed to a solid earnings season.
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Barclays drags banks, FTSE lower; US earnings eyed

A sale of Barclays shares by the Qatari Investment Authority (QIA) dented banking stocks, pulling Britain's FTSE 100 index slightly lower by midday on Tuesday, but the move lifted Sainsbury shares by reviving bid talk.
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Qatar sells $2 billion Barclays stake, shares fall

Qatar is selling 379.2 million shares in British bank Barclays , worth over 1.3 billion pounds ($2.1 billion), the second major Middle East investor set to make a big profit by selling down its stake this year.
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Oil retreats below $80 on supply caution

Oil edged lower on Tuesday, ebbing from an over $80 a barrel a peak hit earlier on a weaker dollar, as a cautious reassessment of supply and demand tempered the rally.
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Apple smashes forecasts, stock hits record

Apple Inc's profits and sales streaked past Wall Street forecasts as iPhone and Mac sales hit quarterly records, sending its shares rocketing to all-time highs on Monday.
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World stocks hit new 12-month high

World stocks hit a new 12-month high on Tuesday, powered by strong results from Apple Inc and Texas Instruments and helping to push the dollar to a new 14-month low against a basket of currencies.
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Adecco to acquire MPS for $1.3 billion

Switzerland's Adecco , the world's largest staffing company, said on Tuesday it would acquire U.S. rival MPS Group Inc for $1.3 billion in a cash transaction.

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