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U.S. CEOs' economic view brightens; wary of hiring

U.S. chief executives' outlook on the economy improved in the fourth quarter, although most still are not ready to step up hiring or increase capital spending, according to a Business Roundtable survey released on Tuesday.
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EU benchmark CO2 contract corrects early gains

The benchmark contract for European Union carbon emissions futures on Tuesday tripped back into negative territory after prices rose to near a seven-month high in early trade, traders said.
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News Corp, Time, others detail e-standard venture

News Corp, Time Warner Inc's Time Inc and three other publishers detailed their long-expected plans to develop open standards for a new digital storefront and technology to help prepare their print titles for devices ranging from e-books to tablet computers.
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3M issues cautious forecast, shares lower

Diversified manufacturer 3M Co issued a cautious outlook for 2010 on Tuesday, saying tight credit conditions and other headwinds would make economic recovery patchy and slow.
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H&R Block posts narrower-than-expected Q2 loss

H&R Block Inc , the largest U.S. tax preparer, posted a narrower-than-expected second-quarter loss, aided mainly by better results in Tax Services segment, but said it is looking to close 400 regular offices this year as part of a cost-cutting plan.
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U.S. FDA questions studies of Gilead fibrosis drug

U.S. Food and Drug Administration staff cited concerns on Tuesday with the design and analysis of clinical studies intended to support the effectiveness of Gilead Sciences Inc's experimental cystic fibrosis drug.
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3M, McDonald's drag Wall Street lower

Stocks fell on Tuesday after a disappointing outlook from 3M Co and a second straight month of falling domestic sales at McDonald's Corp triggered concern about consumer spending.
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China demands more from rich to unlock climate talks

China led calls by developing nations on Tuesday for deeper emissions cuts from the United States, Japan and Europe at U.N. climate talks on Tuesday, as a study showed that this decade will be the warmest on record.
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Helmerich & Payne raises 2010 capex view by $40 mln

Helmerich & Payne Inc (HP.N), the second-largest land-drilling rig contractor by market value, raised its 2010 capital expenditure forecast by $40 million and said its active rig count continues to rise.
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Obama proposes tax cuts for small businesses

President Barack Obama proposed on Tuesday small business tax cuts, fresh infrastructure spending and energy efficiency rebates to boost jobs, but there were few details on the scale or cost of the measures.
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Freewest rejects Noront's sweetened buyout offer

Canada's Freewest Resources (FWR.V), which is the target of a takeover battle between Cliffs Natural Resources (CLF.N) and Noront Resources (NOT.V), rejected Noront's sweetened bid, calling it inadequate.
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Obama seeks small business tax cuts

President Barack Obama proposed a variety of programs on Tuesday to boost U.S. employment, including cutting taxes for small businesses to boost hiring.
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Film Department files for IPO

West Hollywood-based motion picture finance and production company Film Department Holdings Inc hopes to go public in an initial public offering that would raise $85 million to $100 million.
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3M, McDonald's weigh on Wall Street

Stocks fell on Tuesday after a disappointing outlook from 3M Co and a second consecutive month of domestic sales declines at McDonald's Corp triggered worry about the pace of consumer spending.
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Car bombs kill 112 in coordinated Iraq attacks

Car bombs killed 112 people in Baghdad on Tuesday, leaving charred buses and scattered body parts in a blow to the government's efforts to show it can defend Iraqis before U.S. troops withdraw by the end of 2011.
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Gates tells Afghans U.S. not leaving yet

U.S. Defence Secretary Robert Gates told Afghans on Tuesday Washington would not abandon them, describing a withdrawal that would begin in 2011 but be spread over several years to give Afghan troops time to train.
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Iraq to auction vast oilfields

The threat of bombs and violence will compete with the lure of some of the world's most promising oilfields when oil majors fly into Baghdad this week to bid in Iraq's second auction of oil contracts since the U.S. invasion.

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