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T-Mobile USA says CEO to leave in May 2011

T-Mobile USA, a unit of Deutsche Telekom AG , said its chief executive, Robert Dotson, will leave the company in May 2011 and named Philipp Humm as its designated successor.

EUR/USD loses gains of last trading days ???

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Do you also see what I see when you look at the EURUSD chart? According to my opinion the crosspairs loses the gains of last days again. A short study of the crosspair into the past led me to a value of about 1.1632. Impossible? I´m not so sure as the crosspair already touched this level several times in the last years.

Oil edges up near $70 in Asian trade

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Global oil prices advanced towards $70 a barrel in Asian trade Wednesday mainly after the API report showed dip in US petrol stockpiles. Light sweet crude for july delivery was seen trading at $69.66 a barrel at 12 noon Singapore time while Brent crude was at 69.97 a barrel in London.
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Gold moves up on geopolitical tensions

Gold prices advanced in Asian trade Wednesday despite a firming dollar as geopolitical tensions in the Korean peninsula boosted its appeal. Gold for immediate delivery was seen trading at $1204.94 an ounce at 12.00 noon Singapore time while US gold futures for June delivery was at $1205.44 an ounce eat the same time on the COMEX division of the New York Mercantile Exchange.
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BAE looks to draw government cyber work

Threats to sensitive computer networks lurk everywhere and with a few mouse clicks, organized criminals and hackers could shut down vital networks that run the U.S. government, industry and military.
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UK bans doc who linked vaccine to autism

Britain's General Medical Council has struck Dr Andrew Wakefield from the medical register and found him guilty of serious professional misconduct after he published a research suggesting a link between a common vaccine and autism.
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European banks settle Madoff cases

Some 20 European banks agreed to reimburse non-U.S. investors for $15.5 billion of losses from convicted swindler Bernard Madoff's Ponzi scheme, but some Swiss lenders remain holdouts, a lawyer for victims said.
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Outlook remains stable on U.S. AAA rating: Moody's

The outlook on the United States' coveted AAA credit rating remains stable, though the government's financial strength is weakening due to its support for the financial system, Moody's Investors Service said on Tuesday.
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Losses to continue at Fannie and Freddie: regulator

U.S. mortgage finance enterprises Fannie Mae and Freddie Mac , seized by the government during the financial crisis, will continue to sustain losses on mortgages as house prices drop, their regulator said in testimony made public on Tuesday.
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FDA says acid reflux drugs carry fracture risk

U.S. health regulators have cautioned doctors and patients of an increased risk of fractures of the hip, wrist, and spine from high doses or long-term use of a widely used class of drugs to control the amount of acid in the stomach.
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Money managers go for the gold in market rout - and beyond

Gold is one of the more mysterious assets in the financial markets. It's volatile at times to the point of inducing vertigo and fans of the precious metal assert, somewhat contradictorily, its prowess as a hedge against both inflation and deflation.
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Gulf Spill Puts US Energy Bill on Slippery Slope

With energy, Senate Democrats find themselves between a rock and two hard places. Nonetheless, Sen. John Kerry, D-Mass., and Sen. Joe Lieberman, I-Conn., have introduced their climate and energy bill. Its timing is awful. Its fate is uncertain. Yet its sponsors felt it had to be done now.
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Daily forex forecast - 26/5/2010

Volatility continued yesterday with the Aussie opening at 0.8320, then hitting an intraday low of 0.8184 before bouncing back to 0.8300 – and this was just the first few hours.
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Consumer confidence rises despite market upheaval

U.S. consumer confidence rose in May to its highest level in more than two years as an improving jobs outlook defied for now the growing fears about European debt market turmoil and threats to global growth.
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Germany eyes wider short-sale ban, euro down

Germany inched toward a wider ban on naked short selling of stocks and Italy approved austerity measures on Tuesday to contain a euro zone debt crisis that could lead U.S. officials to urge stress tests for European banks.
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Democrats' jobs, fund manager tax bill delayed

Democrats in Congress are racing against the clock to renew unemployment benefits for hundreds of thousands of jobless Americans in legislation that also raises taxes on investment-fund managers and multinational companies.
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Wall Street finishes flat after late rebound

Stocks staged a furious late-day rally on Tuesday to push the S&P 500 into positive territory as the focus shifted from European debt woes to buying after shares hit six-month lows.

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