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Citigroup sells shares at $3.15, U.S. delays sale

Citigroup Inc is selling shares at $3.15 apiece, far less than the $3.25 price at which the government bought them earlier this year, and the United States has decided not to sell shares, people briefed on the matter told Reuters.
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Daily Forecast - 17/12/2009

The much anticipated third quarter Australian GDP figure surprised the market yesterday rising by a less than expected 0.2%.
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Consumer prices edge higher, housing starts up

U.S. consumer prices rose modestly last month, while new home building bounced back from an October slump, suggesting inflation is not yet a concern even as the economy's recovery moves forward.
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Travel Picks: Top 10 places to spend Christmas

Whether your ideal Christmas is about snow and magical lights or a beach and a seasonal cocktail, travel website travelandleisure.com has come up with a list of 10 of the best places to spend Christmas.
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House backs $290 billion debt limit increase

The House of Representatives on Wednesday narrowly voted to raise the nation's debt limit by $290 billion, enough to cover the government's financing needs for another two months.
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First Solar's 55 MW project dropped by L.A. utility

Los Angeles has scrapped its first foray into solar power generation, dropping its plans for a 55 megawatt project with First Solar Inc, despite the city's goals for more power from renewable resources.
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White House backs $5 bln clean energy tax credit

Vice President Joe Biden on Wednesday proposed a $5 billion expansion of a clean energy tax credit as the White House unveiled the latest part of its push to tackle double-digit U.S. unemployment.
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John Kerry uncertain of fate of cap and trade

U.S. Senator John Kerry raised the possibility on Wednesday that a major energy and climate change bill he is trying to craft might not contain the cap and trade mechanism for reducing carbon dioxide emissions.
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Saks to cut 116 jobs at 5th Avenue store

Saks Inc is cutting 116 jobs in the cosmetics and fragrance departments of its flagship Fifth Avenue store in New York as it moves to get outside vendors such as Chanel, Lancome and Clinique to fully staff their Saks counters themselves.
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Voicing some optimism, Fed leaves policy on hold

The Federal Reserve on Wednesday seized on easing U.S. job losses to voice growing optimism on the economy's prospects, but repeated a vow to keep interest rates unusually low for an extended period.
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Wall St fades after Fed decision

U.S. stocks trimmed gains on Wednesday, with the Dow turning negative after the Federal Reserve reiterated its intention to keep interest rates low for the foreseeable future to ensure a sustainable economic recovery.
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FTC sues Intel for abusing market dominance

The U.S. government accused Intel Corp of illegally using its market dominance to stifle competition, in a lawsuit that seeks to stop the marketing practices that have helped maintain Intel's status as the world's biggest chip maker.
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Roy Disney dies of cancer at 79

The nephew of Walt Disney, Roy Disney, died Wednesday morning following a year-long battle against cancer, CNN reported citing a Walt Disney Co. spokesman.

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