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Costly Kindle fight hurting Barnes & Noble

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Barnes & Noble Inc's expensive investments to keep its Nook e-reader competitive with Amazon's Kindle led to an unexpected quarterly loss for the bookseller, sending its shares down as much as 24 percent on Thursday.
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Stocks to rise modestly next year: Reuters poll

U.S. stocks are expected to end next year with modest gains, despite the threat of a global downturn brought on by the euro zone debt crisis and a tepid domestic economy that may still need more stimulus, a Reuters poll found.
Oil

Oil Dips Below $100 Thursday in Choppy Trading

U.S. crude futures fell back on Thursday after government data showed that new filings for jobless benefits unexpectedly rose last week to their highest level since late October, a bad sign for oil demand. Oil traded down $1.01 to $99.41 per barrel on Thursday at mid-day.
President Obama

World AIDS Day 2011: Obama Combats HIV as Stigma, Apathy Stall Progress

World AIDS Day 2011 marks the 30th anniversary of HIV. While tremendous progress has been made, cases continue to rise worldwide, with treatment still largely unavailable to the poor. President Obama aims to combat stigma and apathy about HIV/AIDS, and increase available medication, with a joint U.S.-global initiative targeting 15 countries most affected by the deadly disease.
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Nissan, VW post strong U.S. sales gains

Nissan Motor Co and Volkswagen AG posted double-digit percentage gains in November U.S. sales, a strong showing for a month analysts were expecting to set a more than two-year record overall.
egypt elections

Egypt Elections Paint Complicated Picture for Obama Administration

With early election results hinting at the shape of Egypt's first parliament since the fall of Hosni Mubarak, the U.S. faces the task of navigating the dynamics between Islamist parties poised to win a commanding number of seats, skeptical liberals and a ruling military that has appeared reluctant to relinquish power.
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Jobless claims edge above 400,000

New claims for unemployment benefits rose unexpectedly last week, popping above 400,000 for the first time in just over a month and reinforcing the view that the battered labor market was healing only slowly.
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Wall Street flat after powerful rally

Stocks were little changed in choppy trade on Thursday after manufacturing data came in stronger than forecast, but gains were capped as investors took a breather from the previous session's powerful rally.
New president Atambayev and former president Otunbayeva take part in an inauguration ceremony in the Kyrgyz capital Bishkek

Ethnically Divided Kyrgyzstan Swears in New President

In a rare peaceful transition of presidential power, Kyrgyzstan inaugurated a new president Thursday, marking the first time the former Soviet Central Asian nation chose a successor through votes at the ballot box, not the streets.
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Senators to probe regulators' role in MF Global

U.S. senators plan to press regulators on Thursday on whether they were asleep at the switch as now-bankrupt MF Global took on massive risky bets, and why hundreds millions of dollars in customer funds are still missing.
Katy Perry and Kanye West VMA

Kanye West, Adele, Bruno Mars lead Grammy choices

Rapper Kanye West led the field of Grammy contenders on Wednesday with seven nominations, including for his album My Beautiful Dark Twisted Fantasy and his joint venture with Jay-Z Watch The Throne.
Europe Stock Markets

Europe's Markets Mixed Thursday at Mid-day

European shares fell in choppy trade on Thursday after data showed new U.S. claims for unemployment benefits rose unexpectedly last week, with some investors booking profits after equities jumped 9 percent in the previous four sessions.
U.S. Job Market

U.S. Jobless Claims up Again, Surpassing 400,000

Latest data on the number of Americans who filed new applications for federal unemployment benefits rose for a second straight week and once again moved above the key 400,000 mark -- the level at which some economists take to mean the economy has to add more jobs than it is shedding. The labor market is still weak, even during the holiday season.

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