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Wall St sinks as dollar soars, FedEx loses altitude

U.S. stocks fell on Thursday as the dollar's rebound spurred a safe-haven trade, cutting demand for riskier assets, while a soft profit outlook from economic bellwether FedEx sank transportation shares.

Citi shares fall after U.S. delays stock sale

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Citigroup Inc shares fell to their lowest level in four months on Thursday, a day after the bank's $20 billion stock and bond offering drew a cool reception on Wall Street and prompted the U.S. Treasury to delay plans to start selling off its Citi holdings.

Obama moves to boost U.S. broadband access

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The Obama administration released details on Thursday of a $2 billion program in grants and loans to help dramatically expand Americans' broadband Internet access and create tens of thousands of jobs.
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Exterior Remodeling: Best Bang for Your Buck

On a national level, eight out of the top 10 projects in terms of costs recouped were exterior replacement projects that cost less than $14,000. Certain types of door and siding replacements, as well as wood deck additions all returned more than 80 percent of project costs upon resale.
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Obama brings hope to climate deal

U.S. President Barack Obama is scheduled to arrive in Copenhagen on Thursday night and will join the UN climate talks on Friday, bringing hopes to finish a complicated process of reaching a political agreement to reduce greenhouse gas emissions and fight global warming.
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Copenhagen climate talks in trouble, blame begins

Prospects for a strong U.N. climate pact grew more remote on Thursday at the climax of two-year talks as ministers and leaders blamed leading emitters China and the United States for deadlock on carbon cuts.
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Citi shares fall after Treasury delays stock sale

Citigroup Inc shares fell sharply on Thursday, a day after the bank's $20 billion stock and bond offering drew a cool reception on Wall Street and prompted the U.S. Treasury to delay plans to start selling off its Citi holdings.
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Stocks drop as dollar jumps, FedEx and banks slip

U.S. stocks fell on Thursday as the dollar's rebound quelled demand for risky assets, while a soft FedEx forecast hit transportation shares and a prominent analyst cut estimates for two major banks.
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Greenspan backs deficit-reduction commission

Former Federal Reserve Chairman Alan Greenspan on Thursday endorsed a proposed bipartisan commission to help make the tough calls needed to get the spiraling and record U.S. debt under control.
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Jobless claims up, but leading indicators improve

The number of U.S. workers filing new applications for jobless insurance unexpectedly rose last week, but a gauge of future economic activity increased for the eighth month in a row, pointing to a slow economic recovery where employment looms as the dominant concern.
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Kraft lender Barclays wins bigger role on Cadbury

Barclays Capital, one of the banks providing $9.2 billion of loans to help fund Kraft Foods Inc's hostile bid for Britain's Cadbury Plc , has won a bigger role as one of Kraft's financial advisers.
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Greenspan warns of threat from record deficit

Former Federal Reserve Chairman Alan Greenspan on Thursday backed a call for creation of a bipartisan commission to make the tough calls needed to cut the record federal deficit.
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U.N. climate talks resume, U.S. backs aid fund

Danish hosts revived climate talks on Thursday and Washington backed a $100 billion (62 billion pound) fund to aid poor countries as world leaders gathered on the eve of a U.N. deadline to reach a deal to slow global warming.
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Obama's ratings sink on economy, healthcare

High unemployment and a fractious debate over healthcare have combined to push down President Barack Obama's job approval ratings and highlight the potential for political dangers ahead.
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US mortgage rates up 2nd straight week-Freddie Mac

U.S. mortgage rates rose for a second consecutive week but remained below 5 percent, a closely watched mortgage survey showed on Thursday, a key level that may boost home loan demand and help the housing market recover.
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Cyrus says appeals court stays ION's Ch 11 exit plan

A U.S. court of appeals has stayed a bankruptcy court's decision that approved television station owner ION Media Networks Inc's (IIONQ.PK) reorganization plan, Cyrus Capital, a creditor of the company, said.
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Philly Fed factory activity at 4-1/2 year high

Factory activity accelerated rapidly in the U.S. Mid-Atlantic region in December, a survey showed on Thursday, hitting its highest in 4-1/2 years and assuaging some worries the industrial recovery is slowing.
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Stocks drop as dollar climbs, financials weigh

U.S. stocks fell on Thursday as a rebound in the dollar dampened appetite for risk, while a FedEx forecast weighed on transportation shares and a prominent analyst cut estimates for two major banks, compounding losses for financials shares.
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IMF sees fragile global recovery

A fragile global economic recovery is underway, and a double-dip recession remains unlikely, the International Monetary Fund said on Thursday.
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Leaf Clean, Trading Emissions agree to merge

Leaf Clean Energy Co, which invests in clean-energy companies mainly in North America, agreed to merge with closed-end investment company Trading Emissions Plc in an all-share deal, creating the largest carbon-focused company listed in London.
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Stocks drop on strong dollar, FedEx weighs

U.S. stocks fell on Thursday as the dollar rebounded, diminishing the appetite for risky assets, while FedEx forecast profits below estimates and Citigroup got a cool reception for its stock offering.
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Daniel Day-Lewis sings for his supper in Nine

The idea of brooding, dramatic double-Oscar winner Daniel Day-Lewis singing and leaping around a stage in a movie musical seemed as improbable to him initially as it might be for audiences.

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