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WPP vows better margins to offset weaker growth

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WPP Plc , the world's largest advertising company, sought to reassure the market with a pledge of improving margins on Friday, after it cut as expected its 2011 outlook due to slowing growth in the U.S. and the euro zone debt crisis.
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Global stocks extend rally, euro takes breather

Global stocks headed for their best week in over two years Friday, bolstered by EU leaders' efforts to contain the euro zone debt crisis which have stoked appetite for riskier assets, while the euro held just below a seven-week high.
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Asian Stocks, European Futures Continue Surge

Asian stocks headed for their best week in nearly three years after a long-awaited plan to resolve the European debt crisis sparked a huge relief rally in riskier assets, while the euro took a breather after jumping to a seven-week high.
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Weaker Economies Dent Cellphone Growth in Q3: IDC

The global cellphone market grew 12.8 percent in the third quarter, showing the second-lowest growth rate over the past two years due to conservative consumer spending and delayed smartphone purchases, research firm IDC said on Friday.
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Oxy drills as fast as permits allow in California

Occidental Petroleum Corp expects to have drilled 195 shale oil wells in its home state of California by the end of this year, although it would like to drill far more if the permitting process allowed it.
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Gold Steady After EU Deal Spurs Risk Rally

Spot gold held steady Friday, on course for its biggest weekly rise in 33 months, after the euro zone's last-minute deal on containing the debt crisis cheered investors, but a rebound in the dollar may weigh on prices.
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Mosaid agrees to C$590 million sale to Sterling partners

Canadian patent licensing company Mosaid Technologies (MSD.TO: Quote) said late on Thursday that it agreed to be bought by U.S.-based private equity firm Sterling Partners for C$590 million ($596 million), which trumped a hostile bid from rival Wi-Lan Inc (WIN.TO:Quote) for C$532 million.
Murder rate drops to 44-year low

Canada's Murder Rate Drops to 44-Year Low

Canada's murder rate in 2010 fell to a 44-year low of just 1.62 per 100,000 people, official data showed on Wednesday, just a day after the government said it would ease the country's strict gun laws.
File photo of Saudi Interior Minister Prince Nayef attending a news conference in the holy city of Mecca

Saudi King Abdullah Names Brother Nayef Crown Prince

Saudi Arabia's King Abdullah has appointed Interior Minister Prince Nayef as the new crown prince, the royal court said in a statement issued Friday, signaling an orderly process of future succession in the world's largest oil exporter.
Michele Bachmann

Tea Party Group to Michele Bachmann: Time to Quit Race [FULL TEXT]

It's time for Michele Bachmann to go, writes Ned Ryun, president of American Majority, in an official statement echoed by the majority of the Tea Party organization. Bachmann's floundering campaign and recent focus on social issues have alienated former supporters, who now argue the GOP candidate is not an adequate spokeswoman and has no chance of winning the primary.
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EA raises forecast less than expected, shares fall

Electronic Arts Inc's second-quarter results beat Wall Street estimates and the video game maker raised its earnings forecast because of the upcoming holiday title Star Wars: The Old Republic, which it expects to be a hit.
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Yahoo, bidders at impasse over nondisclosure

Despite all the rumored interest in Yahoo Inc, progress on a deal has hit a brick wall mainly due to the company's lack of strategy and restrictive confidentiality agreement, people familiar with the situation said.
Emma Lazarus

Statue of Liberty: Remembering Emma Lazarus and Her 14 Iconic Lines

In 14 lines engraved on a plaque on the pedestal of the Statue of Liberty, Emma Lazarus (1849-1887) captured the belief in the American Dream that has defined the United States' self-image for more than a century and moved millions of immigrants to seek refuge here.
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Spielberg's Tin Tin opens strong in Europe

Steven Spielberg's The Adventures of Tintin enjoyed a flurry of strong opening days in Europe this week, grossing $4.7 million in France, $237,776 in Belgium and $161,549 in Holland.

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