MARKETS / FINANCE

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GE Capital CEO sympathetic to Wall Street protests

The head of General Electric Co's finance arm is sympathetic to the protesters who have taken to the streets of U.S. cities to decry the nation's financial system, but is not sure what corporate America could do to assuage them.
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Tributes to the late Steve Jobs are left outside the Apple Store in London

Steve Jobs Dies: What Now Apple?

Jobs, who died just about month after he resigned as chief executive officer of Apple, has left behind a massive, perhaps incalculable legacy.
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Jobless claims up modestly last week

New claims for unemployment benefits rose less than expected last week, according to a government report on Thursday that hinted at an improvement in labor market conditions.
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ECB gears up crisis measures, tussles over rates

The European Central Bank reinstated some of its most potent crisis-fighting tools on Thursday in response to intensifying euro zone troubles, but opted to keep interest rates at 1.5 percent despite some of the bank's policymakers calling for cuts.
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Gold Off after ECB Leaves Interest Rate Alone

Gold fell in choppy trade on Thursday after the European Central Bank held off flagging an imminent cut in interest rates, deflating an earlier rally in assets seen as higher risk, such as equities and the euro.
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Instant view: BOE launches QE2 with 75 billion pound boost

The Bank of England will spend 75 billion pounds more of newly-created money to shield Britain's economy from the euro zone debt crisis and keep a faltering recovery going, opting for an early, dramatic move to maximize the impact.
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UK launches fresh stimulus with cash boost

The Bank of England has launched a second round of quantitative easing to defend Britain's faltering economy against the euro zone debt crisis, pledging to buy 75 billion pounds ($114.8 billion) of assets with new money in a dramatic move to stave off recession.
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September tops expectations at many retailers

Several U.S. retailers did a brisk back-to-school business, with September sales at stores open at least a year up much more than expected at chains such as Kohl's Corp and Nordstrom Inc.
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Exclusive: Microsoft considers bidding for Yahoo

Microsoft Corp is considering a bid for Yahoo Inc, resurfacing as a potential buyer after a bitter and unsuccessful fight to take over the Internet company in 2008, sources close to the situation said on Wednesday.
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ECB holds rates, new liquidity help eyed

The European Central Bank kept interest rates on hold on Thursday as broadly expected and is expected to launch a set of fresh liquidity measures to help banks to weather the euro zone's worsening debt storm.
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GE's Immelt says environment different than 2008

General Electric Co Chief Executive Jeff Immelt said on Thursday that despite worries about the state of the U.S. economy, conditions are a lot different than during the credit crisis of 2008 that set the stage for the last downturn.

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