MARKETS / FINANCE

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Fresh debt deal delay prompts cautious trade

Stocks bounced on Friday after France and Germany said a comprehensive euro zone debt deal was on its way, if a little late, although a weaker euro and rising bund futures suggested not everyone was convinced.

Competing fiscal plans blocked in divided Senate

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Senate Republicans and Democrats rejected each other's economic stimulus bills on Thursday, underscoring their inability to craft a bipartisan solution on job creation before next year's elections.
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Franco-German split over bailout fund threatens crisis plan

Deep divisions between France and Germany mean they will make scant progress on strengthening the euro zone bailout fund at a summit on Sunday, in a sign that Europe's leaders are still some way from getting a grip on the bloc's debt crisis.
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Fed to offer plans on housing to Congress: senator

The Federal Reserve plans on sending Congress legislative recommendations on how to help the housing market recover, Senator Dianne Feinstein said on Thursday after a meeting with Fed Chairman Ben Bernanke.
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Wall St. edges higher; Europe anxiety remains

Stocks ended with modest gains on Thursday, shifting back and forth on incremental developments in Europe where leaders sought to reassure investors that a solution to the debt crisis would come soon.
Occupy Wall Street protesters meditate while a sign bearing their twitter handle hangs from a railing in Zuccotti Park in New York

Is Occupy Wall Street Protesting in the Wrong ZIP Code?

Occupy Wall Street has camped out at Zucotti Park in Lower Manhattan for weeks, but it probably isn't reaching as many bankers as it could. Which could have something to do with the fact that finance is no longer the area's biggest tenant.
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Factory, jobs data offer hope for economy

Factory activity in the Mid-Atlantic region rebounded in October and the number of Americans claiming new jobless benefits fell last week in fresh signs that the economy was likely to duck a new recession.
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Yahoo cross talk ban jolts bidders

Some potential buyers of Yahoo Inc are balking at the Internet company's demands for confidentiality that would prevent them from discussing joint bids, according to several people close to the situation.
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EU summit uncertainty drags Wall St lower

Stocks fell on Thursday as investors grappled with uncertainty surrounding the upcoming European summit on the debt crisis and sought direction from earnings reports from U.S. companies.
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Barnes & Noble expands marketplace beyond books

Barnes & Noble Inc is adding new categories including home products and consumer electronics to its online marketplace, the latest move by the retailer to rely less on book sales and compete with e-commerce rivals such as Amazon.com Inc and eBay Inc .
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Stocks fall on uncertainty over EU summit

Stocks fell on Thursday as investors struggled with uncertainty surrounding the upcoming European summit on the debt crisis and sought direction from corporate earnings.
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European banks need about 100 bln euros: Austria

European banks need about 100 billion euros ($138 billion) to shore up their balance sheets for rough seas, Austrian Finance Minister Maria Fekter said on Thursday ahead of a weekend EU meeting to address the euro zone debt crisis.
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Wall St slips on euro fund uncertainty

Major U.S. stock indexes reversed direction to turn lower in morning trading on Thursday as more doubts emerged over whether European leaders could reach a deal on further strengthening the region's rescue fund.
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Instant view: Jobless claims fall in latest week

New U.S. claims for unemployment benefits fell last week and a gauge of labor market trends hit a six-month low, a government report showed on Thursday, pointing to an improvement in the jobs market.
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EU agrees on bank capital needs, split over bailout fund

The European Union has agreed that around 100 billion euros is needed to recapitalise the European banking system, but splits remain before a high-profile summit on Sunday over how to strengthen the euro zone's bailout fund.
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Olympus ex-CEO Woodford seeks UK police aid

Ousted Olympus Corp <7733.T> chief executive Michael Woodford is consulting police over whether he needs protection after passing new information to British fraud investigators about the Japanese company's irregular payments to advisory firms.
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Wall Street flat on EU summit angst; earnings help

Wall Street flat-lined at the open on Thursday after a report suggested a much anticipated European summit on resolving the region's debt crisis may be postponed, but investors looking for a U.S. earnings season rally put a floor under the market.
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EU agreed on bank capital needs, split on bailout fund

EU member states have agreed that around 100 billion euros is needed to recapitalize the European banking system, but splits remain before a high-profile summit on Sunday over how to strengthen the euro zone's bailout fund.

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