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Wall St to test 2-year high on jobs data

Wall Street's largest two-day rally in three months will be tested by jobs data on Friday, with some in the market predicting a strong report that will push the S&P 500 to a fresh two-year high.
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ECB's Trichet: EU policy, funds must be up to task

Europe's reaction to the fiscal crisis and the stabilization fund set up to deal with it must be commensurate to the problems involved, European Central Bank President Jean-Claude Trichet said on Friday.
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Authorities scan healthcare deals: report

Trading activity around a number of healthcare deals is being examined by the U.S. authorities as part of investigations into suspected insider trading by certain hedge fund players, the Wall Street Journal said, citing people familiar with the matter.
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U.S. dollar, stocks poised to gain on jobs recovery

The U.S. dollar was steady on Friday ahead of payrolls data for November that could show more evidence of a strengthening recovery and give investors a reason to push benchmark U.S. Treasury yields above 3 percent and put more money in equities.
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Payrolls seen up in November and jobless rate steady

The U.S. economy probably recorded a second month of solid job gains in November, which would bolster views the labor market is improving even though the activity is not enough yet to lower the unemployment rate.
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Lawmaker calls for end to Obama mortgage aid program

The incoming head of a House of Representatives panel overseeing the Obama White House on Thursday called for pulling the plug on a widely criticized program to help struggling borrowers stay in their homes.
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Senate to take symbolic votes on taxes Saturday

The Senate will vote on two Democratic options to extend some Bush-era tax cuts on Saturday, its Democratic leader said, measures likely to fail but highlight deep ideological divisions between the parties.
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AIG mulling new debt offer: chairman

American International Group is considering another debt offering after the success of its $2 billion sale earlier this week, its Chairman Steve Miller said on Thursday.
FIFA President Sepp Blatter is running against Mohamed Bin Hammam on 1 June

Russia and Qatar to host football World Cups

Russia and Qatar won the rights to host the FIFA World Cup finals for 2018 and 2022 respectively after FIFA's 22-member panel voted through a secret ballot at Zurich, Switzerland on Thursday.
FIFA president Sepp Blatter (L) hands over a copy of the World Cup to Russia's Deputy Prime Minister Igor Shuvalov after the announcement that Russia is going to be host nation for the FIFA World Cup 2018, in Zurich December 2, 2010.

New lands for World Cup as Russia, Qatar to host in 2018, 2022

The FIFA World Cup, the biggest tournament in soccer, will be headed to new regions as Russia won the 2018 bid on Thursday over rivals which included England and tiny emirate Qatar beat a group including the United States for the 2022 tournament.
Traders work on the floor of the New York Stock Exchange

Why U.S. stocks can go up in 2011

The health of the American economy and the level of accommodation in monetary policy are the two most important factors that influence U.S. stock price movements. In 2011, it seems U.S. equities may get support both.
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Senator Baucus says will oppose deficit panel plan

Senate Finance Committee Chairman Max Baucus said on Thursday he will oppose a deficit reduction plan drafted by the co-chairmen of a presidential fiscal commission, becoming the third member of the panel to line up against it.
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Fed balance sheet grows a tad on bond buying

The Federal Reserve's balance sheet grew for a fifth consecutive week and closed in on its record size, with the rise stemming from its ongoing purchases of Treasuries, Fed data released on Thursday showed.
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House takes symbolic vote on taxes as talks go on

The House of Representatives, in the waning days of Democratic control, passed an extension on Thursday of Bush-era tax cuts for the lower and middle classes in a symbolic vote that would let tax cuts for the wealthiest expire.
U.S. Chairman of the Joint Chiefs of Staff Admiral Mike Mullen (R) shakes hands with Senator John McCain (R-AZ) before the Senate Arms Services Committee hearing about the "Don't Ask, Don't Tell" policy on gays serving in the military on Capitol

Premature to allow openly gay U.S. soldiers, McCain says

The top Republican lawmaker on a key U.S. military oversight committee, while leaving open the possibility of eventually dropping his opposition to the repeal of the military's ban on openly gay and lesbian soldiers, said doing so at this time would be premature.

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