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Canada panel backs Arctic pipeline conditionally

The C$16.2 billion ($15.4 billion) Mackenzie pipeline in Canada's Arctic should be allowed to proceed, provided 176 recommendations aimed at securing socioeconomic benefits and minimizing environmental damage are followed, regulators ruled on Wednesday.

Germany to thrive in tough car market -assn head

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German carmakers will gain market share by producing more smaller vehicles, even as competition in the global auto industry intensifies, the head of Germany's VDA automotive industry association said in an interview.
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Trucker YRC's debt exchange succeeds, shares drop

U.S. trucking giant YRC Worldwide said on Thursday it averted bankruptcy by successfully negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the struggling company access to needed credit as it restructures.
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Pfizer shares fall after Prevnar FDA delay

Pfizer Inc shares fell 1 percent on Thursday after it said a U.S. decision on whether to approve the company's new version of its big-selling Prevnar vaccine that fights pneumonia and meningitis would push past the deadline.
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Jobless claims fall in latest week

The number of workers filing new applications for jobless benefits fell last week to the lowest level in about 17 months, according to U.S. government data on Thursday.
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Putin says hopes U.S. ties will improve in 2010

Russian Prime Minister Vladimir Putin said on Thursday he hoped for improved relations with the United States in 2010, days after his attack on U.S. missile defense plans displayed the fragility of efforts to draw closer.
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New book explores Clinton, Palin candidacies

When Hillary Clinton made a strong showing and Sarah Palin was named to the Republican ticket in the 2008 U.S. presidential race, the election of the first female president seemed not so far off.
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Iranian authorities demand halt to protests

Iranian hardline authorities ordered their opponents on Thursday to cease anti-government protests and denied an opposition website report that troops were heading for Tehran ahead of a planned opposition rally.
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The coming Great Inflation, real or imagined

A historic economic crisis has left Americans with plenty of things to worry about. But is inflation one of them? And is there a risk that fretting over higher prices may actually bring them about?
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Afghan attacks kill 8 CIA employees, 5 Canadians

A suicide bomber penetrated a foreign army base in Afghanistan and killed eight CIA employees on Wednesday, one of the U.S. agency's largest death tolls, while four Canadian troops and a journalist died in a separate attack.
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U.S. jobless claims hit 17-month low

The number of U.S. workers filing new applications for jobless benefits fell last week to the lowest level in about 17 months, suggesting the economy might be on the cusp of job creation.
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Trucker YRC says critical debt exchange succeeds

U.S. trucking giant YRC Worldwide said on Thursday it averted bankruptcy by successfully negotiating a critical debt-for-equity exchange that wipes out $470 million in debt and gives the struggling company access to needed credit as it restructures.
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NYC economy up for fifth month in December

New York City business activity expanded in December for the fifth consecutive month, though at a slower rate than November, while a gauge of business optimism was at its highest in more than three years, according to an industry report on Thursday.
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Jobless claims at lowest since July 2008

The number of workers filing new applications for jobless benefits fell last week to the lowest level in about 17 months, according to U.S. government data on Thursday.
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RUSAL goes public in pursuit of $2.6 billion

UC RUSAL plans to raise up to $2.6 billion in a landmark Hong Kong IPO next month and is betting on aluminum price growth to repay nearly $15 billion in debt and restore profits after a miserable first half of 2009.
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China hits back at U.S. steel pipe decision

China on Thursday decried a U.S. decision to impose duties of 10 to 16 percent on Chinese-made steel pipe, the biggest U.S. trade case to date against China, and said it had been made a scapegoat of protectionist interests.
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Daily Outlook - December 31

China on Thursday decried a U.S. decision to impose duties of 10 to 16 percent on Chinese-made steel pipe, the biggest U.S. trade case to date against China, and said it had been made a scapegoat of protectionist interests.
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Plot exposes fissure in U.S. intelligence community

Last week's failed plot to bomb a U.S. passenger jet has exposed lingering fissures within the U.S. intelligence community, which had information from interviews and clandestine intercepts but did not put the pieces together, officials said.

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