PENNSYLVANIA

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Retail sales surge on autos, manufacturing slows

U.S. retail sales grew more than expected last month as vehicle purchases bounced back, but non-auto sales rose modestly, suggesting consumers remained too cautious to drive a robust economic recovery.

Strong autos to lift Oct U.S. retail sales

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U.S. retail sales rebounded in October as vehicle purchases rose even without support from government incentives, a Reuters survey predicted, which could allay some fears over the strength of the economy's recovery.

Stocks set to rise as commodities boost

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Wall Street was set to rise at the open on Monday, adding to two weeks of gains, as a decline in the U.S. dollar helped lift commodity prices and boost natural resource stocks while data showed consumers spent more than expected in October.
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Strong autos to lift October U.S. retail sales

U.S. retail sales rebounded in October as vehicle purchases rose even without support from government incentives, a Reuters survey predicted, which could allay some fears over the strength of the economy's recovery.
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Advanta files for bankruptcy protection

Advanta Corp , a small business credit card lender in the United States, said on Sunday it filed for bankruptcy protection after the economic crisis over the last two years devastated its small business customers.
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Stocks flat; broker upgrades offset jobs data

U.S. stocks barely budged in a choppy trading session on Friday, lifted by several broker upgrades that offset disappointing data showing the unemployment rate rose to its highest in more than 26 years.
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Buffett lands biggest deal ever

Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out railroad Burlington Northern Santa Fe Corp in what the billionaire investor called a bet on the U.S. economy.
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Buffett to buy Burlington Northern

Warren Buffett's Berkshire Hathaway Inc will pay $26 billion to buy out railroad Burlington Northern Santa Fe Corp in what the billionaire investor called a bet on the U.S. economy.
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Oil gains, dollar falls after strong data

Crude oil rose and the dollar fell on Monday on strong worldwide factory data and a surprise jump in U.S. pending home sales, but U.S. stocks see-sawed before ending higher after a sell-off in banking shares.
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Stocks end higher on factory, housing data

U.S. stocks rose on Monday after another round of solid economic reports but pulled off session highs after a Federal Reserve official's warning about banks' loan losses.
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Indexes turn negative after rally on data

U.S. stocks turned negative on Monday as investors pulled back after pushing indexes up about 1 percent on better-than-expected data on manufacturing and pending home sales.
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Goodbye to all that stimulus?

The U.S. economy has been kick-started into growth but stock investors still face an uncertain outlook as Wall Street gears up for comments from the Federal Reserve and a key report on employment this week.
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Wall St Week Ahead: Goodbye to all that stimulus?

The U.S. economy has been kick-started into growth but stock investors still face an uncertain outlook as Wall Street gears up for comments from the Federal Reserve and a key report on employment this week.
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US home buyer credit spurred 400,000 sales -report

The government's first-time homebuyer tax credit has spurred a significant amount of sales this year and its positive impact on the hard-hit housing market warrants an extension, an economist known for her property market expertise said on Thursday.
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Exelon revenues slide, trims forecast

Power company Exelon Corp posted an 8 percent increase in third-quarter profit, but its revenue fell far short of Wall Street expectations and it dropped its forecast to the bottom end of its previous range.
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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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