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Miners, banks drag FTSE down, breaking 4-day rally

Britain's top share index was 0.5 percent lower in mid-session trade on Tuesday as investors paused for breath after a four-day winning streak, with falls in banks and miners offsetting gains in some defensive issues.

Berkshire buys Nestle, Exxon; ups Wal-Mart stake

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Billionaire Warren Buffett's Berkshire Hathaway Inc on Monday revealed new investments in Nestle AG and Exxon Mobil Corp and that it has nearly doubled its investment in Wal-Mart Stores Inc .
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Xbox 360 gets social with Facebook & Twitter

Microsoft is plugging social networks into Xbox 360 in an effort to bring more games, entertainment and social experiences all from a single device, the company said on Monday.
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Online gangs cashing in on swine flu

Criminal gangs are making millions of dollars out of the H1N1flu pandemic by selling fake flu drugs over the internet, a web security firm said on Monday.
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Majestic Wine sees boost from First Quench woes

Britain's largest wine warehouse chain Majestic Wine said it would get a boost from First Quench Retailing's fall into administration as it posted a 9 percent rise in first-half profit and robust current trading.
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Champion seeks Chapter 11 for U.S. operations

Champion Enterprises Inc said on Sunday the company and its domestic operating subsidiaries filed for bankruptcy, and that it hopes to go through a court-supervised sale of its U.S. operations.
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Daily Forecast - 16/11/2009

The Aussie dollar shrugged off weak European GDP data to hold on to support at 0.9260 and rally on Friday night. Greenback weakness emerged following disappointing University of Michigan and Trade Balance data which assisted the Aussie in its rally to finish the week on its highs at 0.9340. The week ahead sees the release of several key figures with the RBA's minutes to the recent meeting kicking off proceedings on Tuesday to be followed by more RBA speak on Wednesday and the release of Q3 Wage ...
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Google, Authors submit revised book deal

Google and the Authors Guild filed a new version of a deal to create a massive online library on Friday in hopes of answering antitrust and copyright concerns in the United States and overseas.
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European recession over, still blackspots

The euro zone shook off recession in the third quarter although the largely government-engineered rebound after more than a year of shrinkage fell a little short of forecast, official estimates showed on Friday.
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S.Korea's NPS to buy HSBC's London HQ for $1.3 bln

South Korea's National Pension Service (NPS) will sign an 800 million pounds ($1.33 billion) sale and leaseback deal next week for HSBC's European HQ in London, an official at the fund said on Friday
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BA, Iberia merger hinges on pension deficit

British Airways' pension fund deficit could yet scupper its planned merger with Spain's Iberia , as the UK airline still has to agree the size of the multi-billion pound shortfall with the fund's trustees.
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Apple grabs 17% of smartphone share

Apple's global smartphone share reached 17 percent as iPhone sales totaled 7 million units in the third quarter, following the continued rollout of the iPhone 3GS in new countries, research firm Gartner said on Thursday.
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British ex-PM Blair faces Iraq inquiry next year

Former Prime Minister Tony Blair will face questioning next year about Britain's entry into the Iraq war from a committee which has heard the decision was illegal and based on deception, its chairman said on Friday.
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Daily Forecast - 13/11/2009

The Australian Dollar opens lower against the greenback today at 0.9215 after giving back all of yesterday's gains, and then some, as risk aversion swept offshore markets overnight. During yesterday's domestic session, local unemployment data came in better than expected. Whilst the jobless rate rose to 5.8 per cent, 24,500 positions were added in the month of October. A second consecutive monthly rise in employment may lead to another 25 basis point rate hike by the RBA in December.
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Europe shares tick up to 3-week closing peak

European shares edged up to a three-week closing high on Thursday with telecom shares leading the advance after soothing earnings results and airlines gaining ground on merger news.

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