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GE sees flat 2010 revenue, profit

General Electric Co expects profit to be flat at its big industrial units next year as the world economy begins to recover from a brutal economic downturn.

SEC mulls surprise audits for investment advisers

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U.S. securities regulators may reduce the number of investment advisers who would have to undergo an annual surprise audit under a proposal to ensure that their clients' assets are safe, two sources familiar with the plan said on Tuesday.

Daily Forecast - 16/12/2009

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The Aussie dollar retreated in local trade yesterday following the release of the RBA board minutes to the December meeting where rates were increased by another 0.25%.
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Wall St slips on inflation concern

U.S. stocks fell on Tuesday, with the Dow and S&P 500 moving off 14-month highs, as a climb in producer prices raised inflation concerns.
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Comcast rolls out Web TV service nationally

Comcast Corp has rolled out an on-demand, Web-based service for subscribers to both its video programing and Internet access in a bid to keep customers from dropping their cable subscriptions in search of free shows online.
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GE sees flat 2010 earnings, revenue

General Electric Co expects profit to be flat at its big industrial units next year as the world economy begins to recover from a brutal economic downturn.
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Credit card chargeoffs rise in November

Most U.S. credit card companies reported charge-offs rose in November after two months of declines in a sign that consumers remain under stress, sending shares down industrywide.
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Naked access now 38 pct of U.S. trading: report

A report says that 38 percent of all U.S. stock trading is now done by firms that have naked sponsored access to markets, the controversial trading practice said to imperil the marketplace, and which faces a regulatory crackdown.
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Spymaster sees Israel as world cyberwar leader

Israel is using its civilian technological advances to enhance cyberwarfare capabilities, the senior Israeli spymaster said on Tuesday in a rare public disclosure about the secret program.
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GM to repay government debt by June, new CEO says

General Motors Co plans to repay roughly $8 billion in debt to the United States and Canada by June, a faster payback of the first portion of its bailout than the automaker previously committed to make.
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U.S. credit card chargeoffs rise in November

Most U.S. credit card companies reported charge-offs rose in November after two months of declines in a sign that consumers remain under stress, sending shares down industrywide.
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Demand for U.S. foreclosure properties slips: survey

U.S. home buyers are less willing to buy foreclosed properties than six months ago, citing risks like hidden costs, but demand could grow because of the government's expanded tax credit, a new survey showed on Tuesday.
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India says climate talks lack clarity, may break down

Global talks on climate change still lack clarity and could even break down over serious outstanding issues with only three days to go before the world has to agree an outcome, Environment Minister Jairam Ramesh said.
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Terreno Realty files for IPO

Terreno Realty Corp on Monday filed for an initial public offering in a move that would let it profit from the economic recession and tight credit.
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Geithner says U.S. banks on sounder footing

Treasury Secretary Timothy Geithner said on Tuesday that U.S. banks will be in a better position to resume lending as they pay back the unprecedented cash injections the government provided to keep them afloat during the financial crisis.

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