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Carnival outlook disappoints, shares drop

Carnival Corp & Plc , the world's largest cruise ship operator, reported a 48 percent drop in quarterly profit on Friday because of lower ticket prices, and shares fell 3 percent as it forecast profit for the current quarter below Wall Street estimates.

Key leaders reach Copenhagen deal

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The White House said that world leaders had reached a meaningful agreement that would pave the way towards multi-laterally combatting global climate change.

Obama reaches climate deal with emerging powers

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U.S. President Barack Obama reached agreement with major developing powers on a climate deal on Friday, a U.S. official said, but he said the accord was only a first step and was insufficient to fight climate change.
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EXCLUSIVE: Motorola set-top box unit lures PE bids

U.S. mobile phone maker Motorola Inc's (MOT.N) set-top box unit has generated a lot of private equity interest, with a number of major buyout firms putting in initial bids this week, several sources familiar with the matter said.
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Dollar rally drags US copper down, seen vulnerable

U.S. copper futures ended with sharp losses on Thursday as a stronger tone in the dollar sparked a bearish drag across the broader complex, and analysts said the shift in momentum could pull prices of the red metal back down toward $3.00 a lb.
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Ford says on track to improve balance sheet

Ford Motor Co is on track to improve its balance sheet as the auto industry rebounds from a severe downturn and the U.S. economy stages a slow recovery next year, executives said on Friday.
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Democrat rejects health bill compromise

Democratic hopes for passing a broad healthcare overhaul in the Senate took a hit on Thursday when a crucial party holdout, Ben Nelson, rejected a compromise on abortion funding aimed at winning his vote.
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U.S. and Russia fail to clinch nuclear arms deal

U.S. President Barack Obama and Russian leader Dmitry Medvedev failed to clinch a landmark pact cutting Cold War stocks of nuclear arms on Friday but pledged to keep working for a deal in the New Year.
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House Republicans warn Obama on climate steps

As President Barack Obama labored behind closed doors to break a deadlock over efforts to curb greenhouse gas emissions, Republicans from the U.S. Congress were outside those meetings urging him not to bother.
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Europe's wind companies snap up U.S. stimulus cash

European companies have scooped up the majority of U.S. stimulus money set aside for wind power projects, drawing on their expertise and global reach to tap into Washington's effort to grow the base of renewable energy sources.
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Tech lifts Nasdaq, but dollar weighs on Dow, S&P

The Nasdaq rose on Friday as quarterly results from Oracle and Research In Motion boosted optimism about a recovery in technology spending, but the U.S. dollar's rise weighed on the Dow and S&P 500 as investors pared back risky bets.
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Karzai to keep pro-West ministers: Afghan officials

Afghan President Hamid Karzai will retain technocrats in key ministries when he unveils his new cabinet, parliamentary officials said on Friday, a move likely to appease Western backers who want him to clamp down on corruption.
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Bomber, U.S. drone attack in Pakistan

A suicide bomber killed up to 10 people in Pakistan Friday, while a suspected U.S. drone killed six militants, as rising political tension threatened to distract the government from its war against the Taliban.
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Retailers' Super Saturday expectations high

Bargain-hunting shoppers are expected to flood stores on Super Saturday weekend -- the last before Christmas -- and deliver retailers the highest weekend sales so far this holiday season.
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Oil, dollar rise on Iran-Iraq tensions

Crude oil rose and the U.S. dollar gained in a safe-haven bid on Friday after Iranian soldiers crossed into Iraqi territory and took up positions in a disputed southern oilfield.

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