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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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Apple Founder Steve Jobs dies

-- The Apple chairman and former Chief Executive Officer Steve Jobs passed away on Wednesday after a long struggle with pancreatic cancer. He was 56 years old, reported China's Xinhua news agency. Steve's brilliance, passion and energy were the source of countless innovations that enrich and improve all of our lives, Apple said in a statement. The world is immeasurably better because of Stev...
Yahoo Q3 Earning Slumps

Yahoo Surges 10% on Reports of Renewed Microsoft Bid

In 2008, Microsoft tried -- and spectacularly failed -- to buy Yahoo at a price of $33 per share, which valued the company at about $47.5 billion. Yahoo now has a market cap of about $20 billion and is trading at just under $16 per share.
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China's Wen sees progress in inflation fight

Chinese Premier Wen Jiabao said his government has scored initial success in taming inflation, and told banks to lend more to small firms and tolerate high levels of bad debt from them, official media reported on Wednesday.
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Plunging PMIs fuel recession fears

Private sector business activity shrank in the euro zone for the first time in two years last month as new orders dried up, stoking fears that the economy could be heading back into recession, surveys showed on Wednesday.
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Industrial Commodities End Several Day of Sliding

Industrial commodity prices ended several days of losses on Wednesday after the U.S. Federal Reserve said it would take measures to prevent the economy from sliding into recession, although copper and crude oil held near multi-month lows.
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Stock Futures Rise Alongside Europe

U.S. stock index futures were higher but more volatility was likely on Wednesday as European finance ministers appeared ready to prop up struggling banks, with data due on the U.S. labor market and services sector.
Samsung Oust Apple’s iPhone to Become World’s Favourite Smartphone Maker

Samsung, HTC Set to Gain on iPhone Letdown

Asian smartphone makers have a chance to exploit a rare letdown from pacesetter Apple Inc. after the new iPhone 4S failed to wow fans and investors, leaving Android rivals better placed to grab market share.
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Yahoo readies books for potential buyers: sources

Yahoo Inc's long-time advisers Goldman Sachs Group Inc and Allen & Co are preparing to give potential buyers financial information, in a sign the troubled Internet giant is ready to put itself on the block, sources close to the situation said.
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Recession, but not like 2008: Morgan Stanley's Roach

Europe is likely already in a mild recession, and the United States could very well join it, but the global economic turmoil is unlikely to reach the depths of the 2008 downturn, Morgan Stanley's Stephen Roach said on Tuesday.
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NBA to axe games if no labor deal by Monday

The first two weeks of the National Basketball Association (NBA) season will be canceled if the lockout is not resolved by October 10, league commissioner David Stern said Tuesday.
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Christie opts out of 2012 presidential race

New Jersey Governor Chris Christie dashed hopes on Tuesday that he might make a late leap into the 2012 Republican presidential race in a move that sets up a battle between Mitt Romney and Rick Perry.

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