UNITED STATES

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Jobless claim fall slightly

The number of workers filing new applications for unemployment insurance fell less than expected last week, while the trade deficit widened slightly in April, pointing to a moderate economic recovery.

SEC examining Goldman Sachs' Hudson deals: report

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The U.S. Securities and Exchange Commission, which charged Goldman Sachs Group Inc with fraud in April, is investigating another mortgage-linked deal once pitched by the Wall Street firm, the Financial Times reported, citing people close to the matter.

Apple faces U.S. antitrust scrutiny: report

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U.S. antitrust regulators plan to investigate whether Apple is unfairly restricting rivals such as Google from carrying ads on the iPhone, iPad and iPod, the Financial Times said.
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Stock futures up China exports and euro

Stock index futures rose on Thursday, boosted by confirmation of solid China export data and a climb in the euro as investors awaited a report on the U.S. labor market.
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BP's shares hit 13-year low

Shares in oil giant BP continued to fall heavily on Thursday, hitting their lowest level since 1997, even as the company said it saw no justification for such a move.
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Euro boosted by China comments, BP hits stocks

Losses in European shares offset gains in Asia on Thursday to drag down world stocks while the euro gained in part because of supportive comments from the influential head of China's national pension fund.
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Asia stocks rise, euro steady after China data

Asian stocks rose on Thursday on higher-than-expected Chinese exports and assurances from Federal Reserve Chairman Ben Bernanke that the U.S. economic recovery was on solid footing, but European stocks were expected to open lower, tracking Wall Street's fall overnight.
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Oil remains lower despite positive Chinese data

Oil remained lower in Asian trade Thursday despite a positive Chinese data which shows increase in overall exports of the country. Light sweet crude for July was seen trading at $74.23 a barrel at 12.00 noon Singapore time while Brent crude was at $ 74.01 a barrel in London.
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Gold edges up but remain volatile

Gold prices pared some of its overnight losses in Asian trade Thursday but remained under pressure on firmer currencies and stocks. Gold for immediate delivery was seen trading at $1232.74 an ounce at 12.00 noon Singapore time while U.S. gold futures for August delivery was at $1235.17 an ounce.
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Volcker upbeat on reasonable reform bill

There is a good chance that a sweeping U.S. financial reform bill will be passed in a reasonable form, White House economic adviser Paul Volcker said on Wednesday, adding the bill could provide a basis for international coordination on coherent legislation.
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The Chinese Navy Faces a Critical Watershed as the East Asian Strategic Balance Changes

New strategic brinkmanship by the Democratic People's Republic of Korea (DPRK); a now-clear determination by the People's Republic of China (PRC) to more aggressively assert its territorial claims in regional waters; the near-collapse of Japanese strategic cohesion during 2010; and the increasing signs of US political caution in North-East Asia, all point to a period of strategic concern for the Republic of China, particularly in its maritime responsibilities.
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Violent videogames harmless for most kids

Violent videogames can increase aggression and hostility in some players but they can also benefit others by honing their visual/spatial skills and improving social networking ability, scientists said.
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Australian Dollar Outlook 10/6/2010

The Australian dollar found some support from the release of strong Chinese trade data yesterday. The unofficial report served to support the view that the Chinese economy is still performing very strongly, in contrast to the current situation in Europe.
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BP's shares plunge on spill liability fears

BP Plc shares tumbled nearly 16 percent on U.S. exchanges to a 14-year low on Wednesday on rising fears about how the wounded company will cope with the massive costs of the Gulf of Mexico oil disaster.
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BP's U.S. shares plunge on spill liability fears

BP Plc shares tumbled nearly 16 percent on U.S. exchanges to a 14-year low on Wednesday on rising fears about how the wounded company will cope with the massive costs of the Gulf of Mexico oil disaster.
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Game makers gear up for splashiest E3 yet

The world's leading gaming hardware makers, hoping to reignite the slumping $60 billion industry, will unveil at E3 next week a range of futuristic gadgets designed to pull in a new generation of players.
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BP buys Google ads for search term oil spill

BP Plc has bought terms such as oil spill from search engine providers including Google Inc to help direct Internet users to its website as it attempts to control the worst oil spill in U.S. history.
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Good chance for reasonable reform bill: Volcker

There is a good chance that the sweeping U.S. financial reform bill will be passed in a reasonable form, White House economic adviser Paul Volcker said on Wednesday, adding the bill could provide a basis for international coordination on coherent legislation.
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BP shares fall 15 percent in New York trade

BP shares trading on U.S. exchanges fell more than 15 percent to a 14-year low on Wednesday on growing worries about the costs the oil company will incur after the Gulf of Mexico oil leak.
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Motorola: Droid sales extremely strong

Motorola Inc is seeing strong demand for its Droid phone at Verizon Wireless despite the popularity of rival HTC Corp's Droid Incredible, co-Chief Executive Sanjay Jha said on Wednesday.
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CVS hits back at Walgreen

CVS Caremark Corp will remove Walgreen Co from its pharmacy benefits management network in retaliation for Walgreen's decision to stop filling prescriptions for new CVS Caremark business.
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Bernanke says recovery on track but jobs to lag

Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economic recovery was on a solid footing but cautioned it could be years before the jobs lost during the deep recession of 2008-2009 are restored.
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Economy improved in May: Fed's Beige Book

U.S. economic activity improved nationwide last month, but worries about Europe's debt crisis dented confidence, the Federal Reserve said in its Beige Book collection of anecdotal reports.
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Bernanke says U.S. recovery on track but jobs to lag

Federal Reserve Chairman Ben Bernanke said on Wednesday the U.S. economic recovery was on a solid footing but cautioned it could be years before the jobs lost during the deep recession of 2008-2009 are restored.

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