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Kraft, Berkshire raise $17.5 bln for acquisitions

Food giant Kraft Foods and Warren Buffett's Berkshire Hathaway sold $17.5 billion in debt on Thursday, braving a suddenly weak corporate bond market to finance major acquisitions, market sources said.

Google asks NSA to protect its data: Report

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Google is teaming up with the National Security Agency in order to investigate the recent hack attack against its network in a bid to prevent another assault, according to The Washington Post.
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Daily Forecast - 5/2/2010

The Australian Dollar opens sharply lower today against the greenback at 0.8650 dragged down by a lower Euro and weaker global stocks and commodity prices overnight.
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Google, NSA to team up in cyberattack probe

Internet search firm Google is finalizing a deal that would let the National Security Agency help it investigate a corporate espionage attack that may have originated in China, the Washington Post reported on Thursday.
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Jobless claims rise, productivity stays high

The number of U.S. workers filing for jobless benefits unexpectedly rose last week, but another big gain in productivity in the fourth quarter offered hope that companies were closer to adding to payrolls.
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Hackers using Internet to hire

Cyber attackers -- the ones who break into computers, steal identities, and empty other people's bank accounts -- are hiring.
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Oil plunges 5 percent on renewed economic fear

Oil prices plunged 5 percent on Thursday, the steepest one-day drop since July, as rising U.S. unemployment claims and fear that debt-laden European economies may falter prompted a commodities sell-off.
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Market falls on debt worries, jobless claims

Wall Street fell 2 percent on Thursday as escalating sovereign debt problems in Europe and a surprise rise in U.S. jobless claims sparked concerns about the health of the global economy.
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S&P strips Berkshire Hathaway of AAA rating

Standard & Poor's on Thursday stripped Warren Buffett's Berkshire Hathaway Inc of its top AAA rating, saying its acquisition of Burlington Northern Santa Fe will hurt liquidity and capital adequacy.
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US begins probe of Prius as Toyota woes mount

In the latest blow to Toyota Motor Corp, U.S. safety regulators opened a formal probe on Thursday into problems with the brakes of the Prius, the world's top-selling hybrid and a vehicle that has powered the automaker's reputation for fuel-efficiency.
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U.S. commander sees signs of progress in Afghanistan

The top U.S. and NATO commander in Afghanistan said on Thursday the security situation remained serious but was no longer deteriorating, offering a more upbeat assessment than other U.S. military and intelligence officials.
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Toyota's $2 bln recall hit to keep it in the red

Toyota Motor Corp expects costs and lost sales from its massive safety recall to total $2 billion by the end of March, keeping it in the red for the year despite its strongest profit in six quarters.
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Toyota says no plans to suspend Prius sales in U.S.

Toyota Motor Corp said on Thursday it has no plans to suspend sales of its popular Prius hybrid in the United States while it makes adjustments to the vehicle's brake system to address consumer complaints about insufficient braking.
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Insider trading probe in 2007 led to Galleon

The cooperation of two former hedge fund managers in a 2007 insider trading case led to the arrest of seven traders and lawyers last November in the wide-ranging Galleon prosecutions, a U.S. prosecutor said on Thursday.
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Oil falls 5 percent in steepest drop since July

Oil prices plunged more than 5 percent on Thursday in their steepest one-day drop since July, after a rise in U.S. jobless claims and spreading concern over Europe's economic health drove investors to sell commodities and seek less risky assets.
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BofA, ex-CEO Lewis charged with fraud over Merrill

New York's attorney general charged Bank of America Corp , former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the bank's acquisition of Merrill Lynch & Co.
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Toyota to recall Prius in Japan and U.S.: report

Toyota Motor Corp plans to recall an estimated 270,000 units of its new-generation Prius hybrid in the United States and Japan to fix a brake problem, the Nikkei newspaper reported on Thursday.

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