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Pfizer to cut 6,000 jobs

Drugmaker Pfizer Inc will cut 6,000 jobs, or 18 percent of the workforce, at its 78 manufacturing plants over the next five years as it pares back operations following last year's purchase of rival Wyeth.

Wal-Mart beats Street but warns on outlook

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Wal-Mart Stores Inc's quarterly results beat Wall Street expectations, as a curb on costs helped the world's largest retailer overcome weaker U.S. same-store sales, sending shares up 3 percent.

LED market faces bright outlook but hurdles remain

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The light-emitting diode sector is growing fast, especially in niche markets such as the car industry, but LED bulbs will not be a mass consumer item for some time, developers and experts said on Tuesday.
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Pfizer to close more plants, cut 6,000 jobs

Drugmaker Pfizer Inc will cut 6,000, or 18 percent, of jobs at its 78 manufacturing plants over the next five years as it consolidates operations following last year's purchase of smaller rival Wyeth.
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Science, maths graduates keen to become teachers

University of Adelaide figures obtained by The Advertiser show the number of maths and science teaching students studying either a Graduate Diploma in Education or Bachelor of Teaching at the university has more than doubled over the past two years.
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Daily forex forecast - 18/5/2010

After holding up relatively well for the majority of the week compared to other major currencies the Aussie dollar finally gave way to a barrage of selling on Friday night falling below the 89 cent handle to a low near 0.8850 against the Greenback.
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Nissan says Leaf electric car to cost under $38,100

Nissan, Japan's third-biggest carmaker, said on Monday its Leaf electric car would cost under 30,000 euros ($38,110) in most European countries after incentives offered by governments to push the new technology.
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U.S. sees record capital inflow

Foreigners bought a record $140.5 billion of long-term U.S. securities in March, the Treasury Department said on Monday, and more than doubled purchases of U.S. government bonds.
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Prudential prices record cash call

British insurer Prudential Plc unveiled a $21 billion cash call as it tried to put its takeover of AIG's Asian unit back on track and launched a charm offensive to woo wary shareholders.
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EU ministers eye reforms as markets buffet euro

European finance ministers prepared on Monday to discuss tighter regulation on hedge funds a week after launching a $1 trillion debt rescue plan, as the euro was hit by fears austerity measures would stifle recovery.
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Markets punish euro, shares before EU talks

The euro hit a four-year low on Monday on fears that austerity measures would stifle recovery, as European finance ministers prepared to discuss tighter regulation a week after launching a $1 trillion rescue plan.
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UK's Pru prices $21 billion cash call

British insurer Prudential launched its long-awaited $21 billion cash call and a delayed offensive to woo wary shareholders to back its takeover of rival AIG's Asian unit.
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Euro plumbs 4 year low

The euro sank to four-year lows on Monday as angst over Europe's debt crisis led investors to pull more money from stocks in favor of havens such as gold and Asian bonds.
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Stock futures signal losses

U.S. stock index futures pointed to a lower open on Wall Street on Monday, with futures for the S&P 500 down 0.46 percent, Dow Jones futures down 0.51 percent and Nasdaq 100 futures down 0.21 percent at 3:55 a.m. ET.
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Australia minister says to wrap up miner talks fast

Australia's federal government is aiming to wrap up consultation talks with miners over its plans for a new tax as soon as possible to help investment decisions, Resources and Energy Minister Martin Ferguson said on Monday.
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Daily forex forecast - 17/5/2010

After holding up relatively well for the majority of the week compared to other major currencies the Aussie dollar finally gave way to a barrage of selling on Friday night falling below the 89 cent handle to a low near 0.8850 against the Greenback

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