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Buffett's new baby BNSF beats Wall St

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Burlington Northern Santa Fe Corp , the No. 2 U.S. railroad, posted stronger-than-expected earnings on Thursday, lifted by improving volumes, and the company said it expected the freight recovery to continue in 2010.
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Daily Forecast - 22/1/2010

The Aussie dollar bounced back from sub 91 cents to a 0.9135 in Asia yesterday with the release of Chinese economic data which signalled a strong performance in Q4 2009 and indeed throughout the calendar year.
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Market sinks as Obama takes aim at banks

Stocks suffered their worst one-day percentage drop since October on Thursday as U.S. President Barack Obama proposed tough restrictions on banks that would squeeze profits.
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Jobless claims up, regional manufacturing dips

The number of U.S. workers newly applying for unemployment benefits unexpectedly rose last week and regional manufacturing slipped in January, hinting at some slowing in the pace of economic recovery.
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Blockbuster shares, bonds down on forecast

Shares of Blockbuster Inc tumbled 32 percent on Thursday, a day after the U.S. video rental chain announced a disappointing forecast and as concerns grew about its future viability.
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Oil falls over 2 percent

Oil prices fell more than 2 percent to a 2010 low around $76 a barrel on Thursday, after government data showed a sharp drop in U.S. refining activity to nearly its lowest level in 25 years, indicating weak demand for fuels.
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Stocks fall as Obama takes aim at banks

U.S. stocks dropped on Thursday as President Barack Obama took a tough stance on financial institutions, proposing rules to make the system safer by preventing the biggest banks from taking excessive risks.
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Stock market fall as Obama takes aim at banks

U.S. stocks dropped on Thursday as President Barack Obama took a tough stance on financial institutions, proposing rules to make the system safer by preventing the biggest banks from taking excessive risks.
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Clinton condemns Internet censorship

Hillary Clinton made unrestricted Internet access a US foreign policy priority, and urged China to investigate alleged cyber-attacks originating from its borders.
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Obama proposes new risk rules for banks, shares dive

President Barack Obama proposed stricter limits on financial institutions' risk-taking on Thursday in a new populist-tinged move that sent bank shares tumbling and aimed to shore up the president's political base.
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California sees problems in U.S. vehicle pollution plan

California has issues with federal attempts to weaken new vehicle pollution standards, but the state backed away on Wednesday from a report that it was threatening to pull out of a deal with U.S. President Barack Obama's administration.
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Wall St tumbles on Obama banking proposal

Wall Street tumbled on Thursday after President Barack Obama proposed rules aimed at making the financial system safer by preventing the biggest banks from taking excessive risks.
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U.S. airlines top estimates, outlook hits shares

Continental Airlines and Southwest Airlines results topped Wall Street estimates as more people booked flights and ticket prices rose, but the airlines said the path to recovery would be rough.
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Philly Fed factory index falls in January

Factory activity slowed more than expected in the U.S. Mid-Atlantic region in January, paring expectations of manufacturing's role in helping a U.S. economic recovery, a survey showed on Thursday.

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