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Sanofi says vaccines to help lift 2010 earnings

French drugmaker Sanofi-Aventis beat forecasts for fourth-quarter profit and expects earnings to rise 2 to 5 percent this year as growth areas such as vaccines offset stronger competition from generic rivals.

Oil rises above $74 on dollar weakness

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Oil rose above $74 a barrel on Wednesday, bouncing from earlier losses, as the euro extended gains against the dollar on hopes for a bailout for Greece.
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Stocks rise on Greek bailout hopes; euro dips

World stocks rose on Wednesday and Greece's borrowing costs fell on the prospects of a Greek bailout, while safe-haven German government bond prices dipped and the euro eased after the previous session's hefty gains. Oil prices fell after data showed a large build in U.S. inventories but gold prices were flat, taking a pause from Tuesday's rise.
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Greece rescue talk supports stocks

Asian stocks rose on Wednesday after reports that Europe was close to bailing out debt-strapped Greece, coaxing investors back to riskier assets, though uncertainty kept a lid on the euro.
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Disney quarterly results beat expectations

A strong performance at its cable division and cost-cuts at its film studio propelled Walt Disney Co to better-than-expected earnings, but clouds remained over its theme parks.
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Charges added in Rajaratnam insider trading case

Additional criminal charges were filed on Tuesday against Galleon hedge fund founder Raj Rajaratnam as prosecutors alleged he and his co-defendant reaped $49 million from illegal insider trading, up from an earlier claim of $40 million.
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New charges in Rajaratnam insider trading case

Additional criminal charges were filed on Tuesday against Galleon hedge fund founder Raj Rajaratnam as prosecutors alleged he and his co-defendant reaped $49 million from illegal insider trading, up from an earlier claim of $40 million.
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Honda recalls 378,758 vehicles in U.S

Honda Motor Co Ltd said on Tuesday it is recalling 378,758 vehicles in the United States to fix an airbag defect linked to 11 injuries and one fatality.
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Paulson, Buffett say US needed tough medicine

Former Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.
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Paulson, Buffett say U.S. needed tough medicine

Former Treasury Secretary Henry Paulson and billionaire investor Warren Buffett, from different sides of the political spectrum, expressed support on Tuesday for the U.S. government's aggressive steps in 2008 to keep the nation's banks and economy from a complete meltdown.
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China PLA officers urge economic punch against U.S.

Senior Chinese military officers have proposed that their country boost defense spending, adjust PLA deployments, and possibly sell some U.S. bonds to punish Washington for its latest round of arms sales to Taiwan.
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Why gold price will plunge to $800 per ounce

In the last few months, we have been reading predictions and forecasts from bullion analysts who insisted and argued that gold price is booming to touch $2,000, $3,000, $5,000, $10,000 per ounce in the coming years. These forecasts have caught people's attention who have been pouring money into gold and other precious metals all these months. But after the big surge of gold price to $1,227 per ounce some two months back, the yellow metal has been climbing down the ladder of speculation.
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Toyota to recall more 2010 Camrys in U.S.

Toyota Motor Corp will recall 7,314 model-year 2010 Camry sedans in the United States due to the risk that a potential defect in steering may make it harder for drivers to stop the vehicle.
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Daily Forecast Feb 10

The Aussie dollar entered offshore exchange edging closer to the 87 cent handle with the market keeping a keen eye on developments in Europe.
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Rajaratnam to provide SEC with wiretaps

Galleon hedge fund founder Raj Rajaratnam and co-defendant Danielle Chiesi, indicted in a sweeping insider trading case, must hand over wiretap evidence to U.S. market regulators, a judge ruled on Tuesday.
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Obama seeks common ground on deficit, jobs

President Barack Obama sought common ground with Republicans on Tuesday over his top priorities of job creation and deficit reduction, winning hints of support in both areas but a rebuke on healthcare reform.
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Toyota recalls new Prius in latest safety fix

The spiraling crisis at Toyota Motor Corp deepened on Tuesday as the automaker said it would recall thousands of Camry sedans as well as nearly half a million new Prius and other hybrid cars to fix steering and braking problems.
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MetLife may pay AIG in stock, cash for unit: source

MetLife Inc plans to pay American International Group Inc in stock and cash for American Life Insurance Co , as the two sides negotiate what could be a roughly $15 billion deal, a source familiar with the matter said on Tuesday.
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Ghana has not blocked Exxon-Kosmos deal: source

Ghana has not blocked a planned $4 billion oilfield stake sale to Exxon Mobil by Kosmos Energy but still threatens to do so if the parties do not abandon the deal, a government source said on Tuesday.

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