UNITED STATES

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U.S. factory and services revenue to grow in 2010

Economic growth in the United States will resume in 2010, with manufacturing revenue forecast to rise 5.7 percent, the Institute for Supply Management said in its semiannual economic forecast released on Tuesday.

Kroger misses Street view, cuts outlook

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NEW YORK - Kroger Co , the largest U.S. grocery chain, reported a much lower-than-expected quarterly profit and cut its full-year forecast as it feels pressure from falling food prices and stepped up competition, pushing its shares down nearly 10 percent in premarket trade.
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Green Dragon clears debt, gets BlackRock as investor

China-based Green Dragon Gas said it paid about $55 million to redeem the only outstanding convertible bond and simultaneously issued shares to BlackRock, making the fund manager its second-largest shareholder.
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LUKOIL Q3 profit misses forecasts

LUKOIL, Russia's second largest oil producer, missed forecasts with a 40 percent tumble in third-quarter profit as oil prices fell and the rouble depreciated against the dollar.
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Wells Fargo keeps mum on TARP repayment plans

Wells Fargo & Co , one of the few major banks that has yet to return bailout funds to the U.S. government, still plans to return its $25 billion as soon as practical, but Chief Executive John Stumpf at a conference on Tuesday did not give any more details.
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Wall Street set for drop on 3M outlook, weaker oil

Wall Street was set to open lower on Tuesday after 3M Co's outlook for the current year came in below analysts' forecast and McDonald's Corp reported a second straight month of declines in domestic sales.
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Euro slips as Fitch cuts Greece rating

Fitch Ratings cut Greece's debt rating to BBB+ from A- with a negative outlook, the first time in 10 years a major ratings agency has put Greece below an A grade, citing fiscal deterioration in the euro zone's weakest member.
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United Airlines to order wide-bodied jets

United Airlines looked set on Tuesday to place a $10 billion-plus order for mid-sized wide-bodied jets that includes 25 A350 planes from European planemaker Airbus , industry sources said.
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McDonald's U.S. November same-store sales dip

McDonald's Corp said sales at established U.S. restaurants fell 0.6 percent in November, marking the second straight month of declines at domestic outlets, and its shares fell 2.6 percent.
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Stock futures lower on economic caution

Stock index futures were lower on Tuesday after cautious comments from Federal Reserve Chairman Ben Bernanke sparked jitters about the pace of economic recovery.
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Stock futures signal mixed open on Wall Street

Stock index futures pointed to a mixed open on Wall Street on Tuesday, with futures for the S&P 500 up 0.21 percent, Dow Jones futures down 0.07 percent and Nasdaq 100 futures down 0.13 percent at 4:33 a.m. EST.
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Stocks and dollar struggle after Bernanke comments

Global share markets were becalmed on Tuesday and the dollar struggled after Federal Reserve Chairman Ben Bernanke gave a cautious assessment of the world's biggest economy, driving investors toward government debt.
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U.S. pay czar to exempt some AIG execs from salary cap: report

Kenneth Feinberg, the Obama administration's pay czar, will exempt some executives at American International Group from a $500,000 salary cap after at least five employees threatened to quit, Bloomberg reported citing people familiar with the matter.
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Asia job outlook improves, U.S. recovery muted: poll

A forward-looking measure of hiring intentions improved in the United States and most other countries, suggesting job growth may resume in the first quarter, according to a quarterly survey by Manpower Inc .
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Dollar dips on Bernanke comments, shares hover

The dollar dipped on Tuesday after Federal Reserve Chairman Ben Bernanke dampened speculation of an early U.S. interest rate rise, while Asian shares steadied as investors took a breather after recent gains.
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GM in talks on partial Saab sale to BAIC: sources

General Motors Co is talking to BAIC, China's fifth largest car maker, about a partial sale of assets associated with its Saab brand, including tooling and technology, two people with direct knowledge of the discussions said.
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Dollar dips after Bernanke comments, shares falter

The dollar dipped on Tuesday after Federal Reserve Chairman Ben Bernanke dampened speculation of an early U.S. interest rate rise, while shares faltered on renewed concern about the strength of the global recovery.
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GM in talks on partial Saab sale to BAIC-sources

General Motors Co is talking to BAIC, China's fifth largest car maker, about a partial sale of assets associated with its Saab brand, including tooling and technology, two people with direct knowledge of the discussions said.
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Bernanke says economy improving

Federal Reserve Chairman Ben Bernanke on Monday said the U.S. economy's recovery remained fragile and unemployment may be high for some time, cooling anticipation of an early increase in U.S. interest rates.
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U.S. EPA's moves to battle climate change

As the U.S. Congress fights over legislation to reduce greenhouse gas emissions blamed for global warming, the Obama administration is considering a series of regulations that also would cut such pollutants.
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Obama to mention Afghan war in peace prize speech

President Barack Obama will not shirk from mentioning Afghanistan and his decision to send more troops to the war zone when he accepts the Nobel Peace Prize this week, the White House said on Monday.

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