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Chrysler CEO wants one wage rate for UAW workers

The two-tier wage system for unionized workers is not a viable structure for Chrysler Group LLC, and the U.S. automaker said it would like to find a long-term solution by the next round of labor talks in 2015.
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Despite Market Reactions, Global Financial Crisis Still Looms Large

If one buys into reactions of global markets, including the New York Stock Exchange and Dow Jones Industrials Average, they could go to sleep at night with little concern that the Eurozone financial crisis is a ticking time bomb, just waiting to explode with global implications that ripple back to the U.S.
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South Korea's Noh Sizzles as McIlroy Leads in Shanghai

South Korean youngster Noh Seung-yul overcame an injured ankle to hit a bogey-free round of 63 to trail U.S. Open champion Rory McIlroy by two strokes at the halfway stage of the $5 million Shanghai Masters Friday.
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Euro zone rates on hold as guard changes

Euro zone interest rates will very likely remain on hold next week as the European Central Bank navigates the transition to new leadership, with an anti-crisis plan forged by EU leaders taking some heat off monetary policymakers.
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Sterling's Mosaid deal includes Nokia-Microsoft patents

An agreement by a private equity firm to buy Mosaid Technologies for C$590 million ($594 million) includes core wireless patents controlled by the Ottawa-based target company as part of a recent deal with Nokia and Microsoft.
Cast members Antonio Banderas (R) and Salma Hayek pose with characters at the premiere of the animated film ''Puss In Boots'' in Los Angeles

Salma Hayek: Clawless and Lawless in 'Puss in Boots'

Salma Hayek has been many things: movie star, director, producer, wife and mother. On Friday, she adds clawless and lawless to that list as the fierce, female heroine Kitty Softpaws in new animated film, Puss in Boots.
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Wall Street edges down after strong rally

Stocks edged lower on Friday as investors took a breather from a powerful rally that propelled the S&P to close above its 200-day moving average for the first time since August.
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Consumer spending up in September on savings

Sluggish growth in U.S. consumer income in September led households to cut back on saving to increase their spending, casting doubts over the durability of the economy's third-quarter growth spurt.
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Wall St set to open down as market takes breather

Stocks were set for a lower open on Friday as investors looked to book profits a day after a powerful rally that propelled the S&P to close above its 200-day moving average for the first time since August.
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Chevron profit jumps, tops Wall Street forecast

Chevron Corp said its quarterly earnings more than doubled, beating Wall Street forecasts, as the second-largest U.S. oil company benefited from high oil prices and strong refinery margins.

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