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Oil dips briefly on Libya peace talk

A proposal by Venezuela President Hugo Chavez to try to broker a peace deal in Libya briefly pushed oil lower on Thursday, while recently risk-averse stock markets put in some gains.

US stocks end with modest gains as oil prices rise

Traders work on the floor of the New York Stock Exchange
U.S. stocks ended with modest gains on Wednesday after ADP National Employment report showed that the private sector employment rose more than expected in February, but shares came off their highs due to fears over the continued unrest in Libya and rising crude oil prices.
McDonald's Restaurant

Elusive McLobster appetizing the Internet

The rumors of the elusive McLobster is appetizing the internet as it trends on Twitter as well as Google. The sandwich is real and exists in select places seasonally, but McDonalds is not testing it.
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AB InBev to profit from Brazil, U.S. costs in Q4

Anheuser-Busch InBev , the world's largest brewer, is set to report a rise in fourth-quarter profit on Thursday, driven by a sharp increase in drinking in Brazil and cost savings in the United States.
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Ex-UBS banker ordered released on bond in tax case

A federal judge on Wednesday ordered the release on bond of a Credit Suisse banker arrested on charges of helping wealthy American clients hide their money from U.S. tax authorities when he worked for UBS AG.
Can Daimler partnership give China’s electric car startup BYD a lift?

Can Daimler partnership give China’s electric car startup BYD a lift?

If you’ve followed the auto industry for a while you’ll know that automakers are always sharing technology and projects in cross-collaborations that would normally make any paranoid hard-nosed capitalist weep in fear. But the latest firms to receive official blessing for a joint project might not be the strange bedfellows they appear at first.
Clinton says China seeks to outflank Exxon in Papua

Clinton says China seeks to outflank Exxon in Papua

China wants to elbow U.S. oil giant Exxon Mobil (XOM.N) out of a $15 billion liquefied natural gas (LNG) project in Papua New Guinea, U.S. Secretary of State Hillary Clinton said on Wednesday in an example of the new competition Beijing presents to U.S. interests.
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Fed's Lockhart says Mideast unrest a risk to U.S.

Political unrest in the Middle East and North Africa adds a dose of uncertainty to an already-fragile U.S. economic recovery, Atlanta Federal Reserve President Dennis Lockhart said on Wednesday.
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U.S. files 22 new charges against WikiLeaks soldier

The U.S. military said it has brought 22 new charges against a soldier accused of leaking hundreds of thousands of sensitive U.S. government documents that were later published by the website WikiLeaks.
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Military to help develop energy storage device

The energy-hungry U.S. military plans to help develop advanced power storage devices with the help of a branch of the Energy Department that fosters innovation in high-risk, but high-potential, technologies.
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Gold mine group opposes planned U.S. disclosure rule

The largest industry group representing global gold miners said a proposed U.S. rule aimed at cutting funds to armed rebels in the Democratic Republic of Congo will jeopardize Africa's gold mining and economic activities.
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World Market Overview 03/03/2011

U.S. stocks edged up higher on some positive jobs data and reassurance from the Federal Reserve that the economy is recovering. However, any equity gains were capped by fears over the continued unrest in Libya and rising crude oil prices.
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Wall St edges higher on economy

U.S. stocks eked out gains on Wednesday despite another rise in oil prices, as investors bet the latest signs of economic strength may be able to absorb expected higher energy costs.
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EADS won't face payback if it protests: general

Europe's EADS is entitled to protest the loss of a new refueling plane contract to Boeing Co if it believes the procurement was flawed, and would not face retribution for doing so, a top U.S. Air Force official said on Wednesday.
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Private-sector jobs pick up pace in February

U.S. private sector employers added more jobs than expected last month, raising hopes that Friday's closely watched government jobs report could show more growth than anticipated.

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