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Yahoo ad revenue falls, shares down

Yahoo Inc's revenue from advertising fell and the Internet company projected lower-than-expected operating cash flow for the current quarter, sending its shares down more than 2 percent.

Hong Kong's May goods exports down 13% despite price rise

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Hong Kong saw the volume of total goods exports fall 12.6% and that of imports drop 16.2% year on year in May, the Census & Statistics Department said on Thursday, adding that the volume of goods re-exports fell 11.8% while that of domestic exports dived 35.5%.
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Ahmadinejad: Iran will bring down Western foes

Newly re-elected President Mahmoud Ahmadinejad said on Thursday his next government would bring down the global arrogance, signaling a tougher approach by Tehran toward the West after last month's disputed election.
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Iran won't back down one step in atom row

Iran will not back down even one step over its nuclear work, a senior adviser to the country's top authority said in remarks published on Thursday, making clear Tehran's continued defiance in a row with the West.
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Costco sales down an in-line 6 percent

Costco Wholesale Corp on Thursday reported an in-line 6 percent fall in sales, hit by a slide in demand during the recession for higher ticket items such as cameras and cell phones.
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South Korea, U.S. Web sites down for 3rd day on attack

Some South Korean and U.S. Internet sites were down or slowed to a crawl for a third day on Thursday after attacks by a hacker that Seoul's National Intelligence Service said may be linked to a cyber warfare unit in the North.
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U.S. office market continues to spiral down: report

The U.S. office market vacancy rate reached 15.9 percent in the second quarter, the highest level in four years, and rent fell by the largest amount in more than seven years as demand remained weak, according to a leading real estate research firm.
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US office market continues to spiral down--report

The U.S. office market vacancy rate reached 15.9 percent in the second quarter, its highest in four years and rent fell by the largest amount in more than seven as demand from companies and other office renters remained weak, real estate research firm Reis said Inc.
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U.S. office market continues to spiral down

The U.S. office market vacancy rate reached 15.9 percent in the second quarter, its highest in four years and rent fell by the largest amount in more than seven as demand from companies and other office renters remained weak, real estate research firm Reis said Inc.
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U.S. home prices seen down over 40 percent: Barclays

U.S. housing prices will fall by a double-digit percentage from already beaten-down levels, resulting in an overall 40 percent plunge by the time foreclosures peak in the second half of 2010, Barclays Capital economist Michelle Meyer said.
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Software revenue growth slows down in China, official says

As the financial crisis further deepens, China's software sector saw a 5.7% drop in the revenue growth rate during the first five months of 2009 and the ongoing industrial restructuring continued, the Ministry of Industry and Information Technology (MIIT) released in a report this week.
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ECB's Hurley to step down on Sept 25

John Hurley, the governor of Ireland's central bank and a member of the European Central Bank's Governing Council, will retire from the positions on September 25, his spokesman said on Saturday.
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Palm lifts Nasdaq, but oil drags Dow down

The Nasdaq rose on Friday, on strong demand for Palm's Inc's Pre smartphone, while the Dow was dragged lower by sliding oil prices and strength in some financial stocks helped cushion the S&P 500's decline.
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Micron shares down as revenue falls

Micron Technology Inc , the largest U.S. maker of computer memory chips, reported its tenth consecutive quarterly loss on Thursday as revenue fell, sending its shares down nearly 5 percent.
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First Solar sees costs down by a third in 5 years

First Solar Inc on Wednesday said it expected to cut manufacturing costs by a third or more over the next five years, mainly by making its solar panels more efficient at transforming sunlight into electricity.
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Fed to hold fire on buying, talk down rate hikes

The Federal Reserve is expected to emphasize the U.S. economy's fragile state in a policy statement on Wednesday as it talks down expectations for a rate hike this year and holds fire on expanding asset purchases.
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Fed resumes meeting, seen talking down rate hikes

The Federal Reserve on Wednesday resumed a two-day meeting that was expected to end with a statement emphasizing the U.S. economy's fragile state, an effort to dissuade financial markets from expecting an increase in interest rates this year.
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Iran cracks down as reformists call for mourning

A security crackdown appears to have quelled street rallies against Iran's disputed poll, but the leadership faced a new challenge on Wednesday from calls by reformist clerics for national mourning for dead protesters.
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Opel's Franz eyes car partnerships down the road

Opel labour leader Klaus Franz hopes General Motors Corp's (GMGMQ.PK) planned sale of a majority stake in the German carmaker to a consortium led by Magna (MGa.TO) will make it a more attractive partner for rivals.

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