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Smith & Wesson sees weak Q3 sales; shares down

U.S. firearms maker Smith & Wesson Holding Corp's quarterly results beat analysts' estimates, but forecast weak third-quarter revenue as it expects demand for firearms to normalize, sending shares down 13 percent in trading after the bell.

Dollar flat ahead of U.S. jobs; Canada dlr jumps

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The dollar held steady against a basket of major currencies on Friday as investors waited for the U.S. government's monthly employment report to offer clues to the potential pace of tightening in U.S. monetary policy.
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FTSE down 0.5 pct on caution ahead of payrolls

Caution ahead of a key jobs report from the United States weighed on banks and other cyclical stocks, pushing Britain's FTSE 100.FTSE share index 0.5 percent lower by midsession on Friday.
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Oil falls below $76, eyes U.S. jobs data

Oil prices fell for a third consecutive day on Friday, to below $76 a barrel, under pressure from high levels of inventories and nervousness ahead of the latest employment data from the world's top energy consumer, the United States.
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Gold edges lower ahead of U.S. data

Gold eased back toward $1,200 an ounce in Europe on Friday as a slight recovery in the dollar prompted traders to cash in gains after the previous day's run-up to record highs.
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Prosecutors investigated Rajaratnam a decade ago: report

Federal prosecutors investigated Galleon Group hedge fund founder Raj Rajaratnam on suspicions of insider trading more than a decade before he was charged with securities fraud, the Wall Street Journal reported, citing legal filings.
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Stock futures flat ahead of payrolls

U.S. stock index futures pointed to a flat open on Wall Street on Friday following the previous session's drop, as investors await all-important monthly jobs figures.
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Jobs data to give steer on U.S. recovery

World stocks slipped slightly and the dollar was steady on Friday as investors waited for U.S. jobs data, the latest signal about how far the U.S. economy is recovering.
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BofA board to meet on CEO search next week: report

Bank of America Corp's board is set to meet next Tuesday and is expected to discuss the appointment of a new chief executive, the Wall Street Journal reported, citing people familiar with the situation.
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Asian shares hold week's gains before jobs data

Asian stocks held most of the week's gains before monthly U.S. jobs data on Friday, although property and bank shares fell in many markets as soft U.S. data raised concerns about the pace of economic recovery.
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China hints sticking to dollar despite worries

China has maintained a consistent allocation of its foreign exchange reserves across different currencies, a senior official said on Friday, suggesting that any diversification away from the dollar has been gradual.
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Comcast lands NBC in deal that reshapes media

Comcast Corp struck a deal to buy a majority stake in NBC Universal from General Electric Co, creating a media superpower that would control not just how television shows and movies are made, but how they are delivered to the home.
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Friendster to be sold by month's end: source

Friendster, one of the world's earliest social networking sites, will be sold to an Asian buyer by the end of December for at least $100 million, a source familiar with the matter said.
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President Obama Seeks Help for Recovering Jobs

President Barack Obama asked leaders in various capacities today how companies could start hiring again in opening remarks that were part of a business forum convened in Washington today.
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Obama aides pressed on Afghan graft, al Qaeda

U.S. lawmakers told President Barack Obama's top advisers on Thursday not enough was being done to combat corruption in Afghanistan, singling out allegations against the Afghan president's brother, whom Defense Secretary Robert Gates acknowledged was a problem.
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Stocks slide on ISM services data, jobs anxiety

U.S. stocks fell on Thursday after data showed the vast U.S. services sector unexpectedly shrank in November and investors worried that Friday's non-farm payrolls report may show the recovery is sluggish.

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