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U.S. Stock Futures Signal Lower Open

Stock index futures pointed to a weaker open on Wall Street on Thursday, with futures for the S&P 500 down 0.5 percent, Dow Jones futures down 0.4 percent and Nasdaq 100 futures down 0.2 percent at 4:37 a.m. ET.
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Asia's factories stall; China urges stimulus

The world economy faces a worse situation than in 2008 and stimulating growth is the top priority, a Chinese official said on Thursday, as data showed slumping export demand stalled manufacturing in some of Asia's biggest economies.
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California groups jockey to put tax hikes on ballot

With California Governor Jerry Brown making little progress in his efforts to solve the state's intractable budget problems, a number of private groups are maneuvering to put new tax measures to the voters next November.
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Sundance unveils key films for 2012 festival

The Sundance Film festival, the top U.S. gathering for independent cinema, on Wednesday unveiled its competitive lineup for 2012, some of which will become the most talked-about movies of the upcoming year.
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Getco to Buy BofA's NYSE Market-Making Business

Getco LLC, an electronic market maker and high-frequency trading specialist, on Wednesday said it agreed to buy Bank of America Corp's floor-trading operations at the New York Stock Exchange, significantly expanding its market-making operations.
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Olympus Ex-CEO Woodford Campaigns to Oust Board

The former chief executive of Japan's disgraced Olympus Corp, Michael Woodford, launched a campaign on Thursday to oust the board of directors, reclaim his old job and install his own team to save the firm from a big accounting scandal.
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Maxim says end of chip correction unclear

Short lead times from manufacturing customers are making it tough to predict end demand for microchips and hard to say whether an inventory correction is bottoming out, the chief executive of Maxim Integrated Products said.
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Olympus whistleblower Woodford quits board

The whistleblower in the accounting scandal engulfing Japan's Olympus Corp, ex-CEO Michael Woodford, quit the firm's board of directors on Thursday and called for an urgent shareholder meeting to replace its disgraced top brass.
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Pfizer aims to keep one-third of Lipitor pie

As cholesterol fighter Lipitor goes generic, its maker Pfizer Inc is hoping to hold onto perhaps a third of the 3 million Americans who take the biggest-selling drug of all time.
elderly people

More People Were 65+ in 2010 than Ever Before: U.S. Census Report

The U.S. population 65 and older is now the largest in terms of size and percent of the population, compared with any previous census, according to the new 2010 Census data released Wednesday by the U.S. Census Bureau. The group grew at a faster rate than the total population between 2000 and 2010.
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Clearwire seen reaching Sprint funding deal

Clearwire Corp is expected to reach a funding agreement with Sprint Nextel at least by year-end and possibly in time for Clearwire's December 1 debt interest payment deadline, according to people following a standoff between the wireless service providers.
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Appeal sped up over BofA $8.5 billion MBS accord

A U.S. appeals court on Wednesday sped up the review of a ruling that moved consideration of Bank of America Corp's $8.5 billion settlement over mortgage debt to federal court from a New York state court.
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U.S. defense industry braces for leaner times

U.S. weapons makers told investors this week they are doing all they can to prepare for leaner and more uncertain U.S. defense budgets, including redoubling their efforts to cut costs, drum up export sales and sell more goods to commercial clients.
Siri Voice Recognition

Siri, Will You Be On the iPhone 5 or iPad 3?

Siri, iPhone 4S' now famous digital assistant, is not available on the iPhone 4 or 3GS, but when the new iPhone 5 and iPad 3 come out next year, could she be included? It's far too early to tell if Siri will be on these two highly anticipated devices, but if she does appear on one or both of the devices, it would keep Apple in the top spot of the U.S. smartphone world.

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