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Walgreen profit beats Street view, shares up

Walgreen Co, the largest U.S. drugstore chain, reported a nearly 20 percent jump in quarterly profit as growth in sales of prescription drugs and flu shots offset consumer cutbacks on discretionary items.

Winter Solstice 2009: Winter officially begins Monday

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You can be forgiven for thinking that winter has already begun - given the snow storms that hit US cities from Washington to Boston over the weekend- but actually, winter only officially begins on Monday with the Winter Solstice. The Winter Solstice occurs at 12:47 p.m. EST (1747 GMT) on Monday, which marks the beginning of winter for the Northern Hemisphere.
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Aid groups adjust as funding crisis bites

Relief agencies have been hit by the global recession and falling donations, forcing them to cut jobs and to scale back or slow aid projects, and experts warn they may have to take more extreme measures.
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Walgreen quarterly profit jumps almost 20 percent

Walgreen Co, the largest U.S. drugstore chain, reported a nearly 20 percent jump in quarterly profit as growth in sales of prescription drugs and flu shots offset the hit from consumers cutting back on buying candy and other discretionary items.
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U.S. health bill passes crucial Senate test

A broad healthcare overhaul passed its first crucial test in the U.S. Senate on Monday, with 60 Democrats voting to put President Barack Obama's top legislative priority on a path to passage by Christmas.
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Dubai World to meet creditors, offer no proposal

Dubai World will not make any concrete proposals to delay $22 billion in debt when it meets creditors on Monday, a move that is likely to dismay investors who have been left in the dark for weeks.
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Asian shares firm, dollar keeps footing

Asian share markets rose broadly on Monday, with high-tech stocks following gains in U.S. rivals late last week, and the dollar held its ground near three-month highs against the euro and kept on a firmer footing against the yen.
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Mexico next stop to salvage UN climate talks

The world will find it hard to get U.N.-led climate talks back on track in Mexico in 2010 after an unambitious deal agreed in Copenhagen set no firm deadline for a legally binding treaty.
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U.S. health bill nears crucial Senate test vote

With 60 votes in hand, Senate Democrats cruised on Sunday toward an expected victory on the first of three crucial test votes that will put a broad healthcare overhaul on the path to passage by Christmas.
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Citadel Broadcasting files bankruptcy protection

Citadel Broadcasting Corp , the third-largest U.S. radio broadcaster, said on Sunday it filed for the bankruptcy protection, as the radio industry continues to be hard hit by depressed advertising revenue.
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AIG Chief tackles government repayment head-on

Bailed-out U.S. insurer American International Group will take at least two years to repay its debt, but is benefiting from an aggressive management style, said Chief Executive Officer Robert Benmosche in an FT interview.
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Japan government support slides on lack of leadership

Support for the government of Japanese Prime Minister Yukio Hatoyama, who faces key decisions on next year's budget and relocating a U.S. airbase, have sunk as low as 48 percent in surveys issued on Monday and at the weekend.
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Mercer facing $2.8 billion lawsuit in Alaska: report

Mercer is facing a $2.8 billion lawsuit by the Alaska Retirement Management Board that alleges the human resources consulting firm made a number of errors in its work as the state's actuarial consultant, according to a New York Times column published on Sunday.
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Daily Forecast

The Aussie dollar bounced back from Friday's morning sell off towards 88 cents to enter offshore exchange around 0.8880 against the Greenback. Lacking direction during European trade the AUD/USD bounced between 0.8860 and 0.8910 on several occasions, surviving a brief dip to 0.8840 and opening this morning pressing against resistance at 0.8910. With persistent demand for U.S dollars over the last week expected to continue it appears attempts to regain the 90 cent handle will be relatively short ...
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OPEC to keep oil supply steady, price holds firm

OPEC will almost certainly leave output targets unchanged when it meets this week in Luanda, ministers said on Sunday, as robust oil prices offset any concerns in the group about excess supplies.
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For stocks Santa's bag may be light

Santa came early for Wall Street this year by giving the S&P 500 a 22 percent gain for 2009, and with just eight trading days left in the year, stock investors are not expecting to find much more under the tree.
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For stocks, Santa's bag may be light

Santa came early for Wall Street this year by delivering a 22 percent return for 2009, and with just a handful of trading days to go, stock investors are not expecting to find much more under the tree.
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Dubai World poised to press for loan extensions

Debt-ridden conglomerate Dubai World is expected on Monday to ask key creditors for more time to pay off its loans, but leave them none the wiser concerning their prospects of being paid back in full.

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