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U.S. needs plan to tame debt soon: experts

The government must craft a plan next year to get its ballooning debt under control or face possible panic in financial markets, a bipartisan panel of budget experts said in a report on Monday.

Alzheimer's protein may be early risk factor

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Imaging tests may be able to detect the early signs of Alzheimer's disease long before it begins to affect memory, a finding that may lead to earlier, more effective treatments, U.S. researchers said on Monday.

China exports seen helping green growth, climate

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China can become a powerful force to help developing nations fight both climate change and poverty with low-cost exports of wind or solar technologies, the head of the U.N. Development Programme (UNDP) said.
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Best Buy shares fall on tepid margin view

Top U.S. electronics chain Best Buy Co reported a higher-than-expected quarterly profit, but its shares fell after it said gross margins in the current holiday quarter would be lower than it had expected.
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More evidence coffee, tea could prevent diabetes

Coffee, tea, or decaf-no matter what your choice, drinking any of these beverages may reduce your risk of diabetes, according to a new analysis of 18 studies including hundreds of thousands of people.
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NEC Electronics, Renesas eye profit, cost cuts

Struggling Japanese chipmakers NEC Electronics and Renesas Technology said they aim to turn an operating profit in the first year after their merger next April by outsourcing production and eliminating business overlap.
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Futures slip after gains, data on tap

U.S. stock index futures slipped on Tuesday a day after stocks hit a 14-month high and ahead of the start of a policy-setting Federal Reserve meeting.
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Stock futures signal weaker open; data eyed

Futures for the Dow Jones industrial average, the S&P 500 and the Nasdaq 100 were down 0.2 to 0.3 percent at 1006 GMT (5:06 a.m. EST), pointing to a weaker start on Wall Street on Tuesday.
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Kraft stands firm on Cadbury bid approach

Kraft Foods has vowed to maintain discipline in its pursuit of British chocolatier Cadbury , suggesting the U.S. group will resist raising the level of its hostile approach.
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Spot FX, Forward FX, Futures FX, and Options FX

When we refer to the Forex market we usually refer to the Spot FX or Spot Forex market. The Spot FX is a large Over The Counter (OTC) market that consists of thousands of Interbanks, institutional investors/traders, brokerage firms, and millions of retail traders. This market refers to the cash market of Forex. Although the Spot FX contracts settle within 2 days of the contract they are based on the current global price of the currencies. What you actually pay to purchase a currency against sell...
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Five political risks to watch in China

China has so far weathered the global economic downturn with its growth rate staying robust and no sign the government faces any major challenge to its rule. Following is a summary of key China risks to watch:
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AIG top staff struggle financially: report

Top executives at troubled insurer American International Group have been struggling financially after taking personal losses in the wake of the near-collapse of the company last year, AIG's chief executive Robert Benmosche told the Wall Street Journal in an interview.
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Citigroup, Wells Fargo to pay back U.S.

Citigroup Inc and Wells Fargo & Co said they were paying back funds to the U.S. government, in transactions that will end taxpayers' capital support of the biggest U.S. banks much sooner than had been expected just weeks ago.
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Geithner: TARP to earn healthy profit for U.S

Plans from Wells Fargo & Co and Citigroup to repay taxpayer funds will put the U.S. government on track to reduce its bailout investments in banks by more than 75 percent, while earning a healthy profit for the U.S., Treasury Secretary Timothy Geithner said on Monday.
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US' Geithner: TARP to earn healthy profit for U.S

Plans from Wells Fargo & Co and Citigroup to repay taxpayer funds will put the U.S. government on track to reduce its bailout investments in banks by more than 75 percent, while earning a healthy profit for the U.S., U.S. Treasury Secretary Timothy Geithner said on Monday.
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Judge sets stage for Trump, Icahn casino battle

A U.S. bankruptcy judge said on Monday that she would allow billionaire Carl Icahn and real estate titan Donald Trump to battle for control of casino operator Trump Entertainment Resorts Inc .
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Craigslist CEO: Was told eBay's Whitman a monster

Craigslist's chief executive told a court on Monday that an executive with eBay, a minority shareholder, warned him to improve relations with eBay's then-CEO Meg Whitman because she could be a monster and an Evil Meg when frustrated.
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Wells Fargo to repay $25 billion to U.S.

Wells Fargo & Co said on Monday it will repay the entire $25 billion it received from the government under the Troubled Asset Relief Program, after selling $10.4 billion of common shares.
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Citi to raise $20 billion capital to repay U.S

Citigroup laid out a plan to repay the money it owes the U.S. government, including issuing about $20 billion of capital, as the bank looks to end the executive pay restrictions that came with the funds.
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Gold climbs as dollar resumes downtrend

Gold prices made a moderate advance on Monday after news that Abu Dhabi agreed to back some of Dubai's debt pressured the dollar and lifted higher-yielding currencies such as the euro.
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Daily Forecast - 15/10/2009

With aggressive AUD/JPY selling following the release of Japanese economic data the AUD/USD exchange rate fell from its early Monday morning high around 0.9120 to trade as low as 0.9055 during the Asian afternoon.
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H-1B visa use by U.S. firms holds steady in '09

U.S. companies were still getting H-1B visa petitions even as they cut jobs, according to data from the U.S. Citizenship and Immigration Service (USCIS) that shows who received the visas in the 2009 fiscal year.

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