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Toll Brothers posts wider Q4 loss, shares fall

Luxury U.S. homebuilder Toll Brothers Inc reported a wider-than-expected quarterly loss on Thursday as revenue slumped and it wrote down the value of its land holdings, sending its shares down 7.5 percent.

Stocks fall on ISM services data, payrolls angst

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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.

Obama vows to tackle jobs challenge head-on

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President Barack Obama on Thursday urged corporate America to help tackle the nation's highest unemployment in 26 years but also hinted at federal tax credits and aid to states to ease jobless woes.
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U.S., Germany losing patience with Iran

The United States signaled on Thursday its patience with Iran was wearing thin, saying Tehran was rapidly approaching a December deadline to accept a U.N.-brokered nuclear deal with Western powers.
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U.S. services sector shrinks; jobless claims fall

An index of the U.S. services sector shrank in November to its lowest since July, according to a report released on Thursday that shocked economists who had forecast a recovery from recession was picking up steam.
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BofA to sell securities to repay TARP

Bank of America Corp will sell the securities it will use to help repay $45 billion in government bailout funds Thursday evening, its chief financial officer said.
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Yahoo sees exponential growth in mobile ads

Yahoo Inc expects exponential growth in mobile advertising even as the overall market is only starting to emerge from its deep downturn, a top executive of the Internet media company said on Thursday.
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Comcast-NBC deal faces regulatory hurdles

Comcast Corp's NBC Universal deal faces a long and intense regulatory review that could end in approval only after the cable giant agrees to give rivals access to NBCU's television shows and movies, experts said on Thursday.
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They're going to kill the Fed

Tentative last safe date to get your Bernankes traded for something of intrinsic value is the end of the first quarter, 2010. Well...you you could just take my word for it and save both of us some valuable time, but you probably want enough details to know how I made this dizzying leap a couple of weeks ago. My landing spot has been confirmed to my satisfaction by what Chris Dodd is up to.
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ECB Unchanged, Markets Eye Jobs

The dollar is slightly lower against the majors in the Thursday session, drifting past the 1.51-handle versus the euro and around 0.93 against the Australian dollar. Weekly jobless claims, released earlier today was slightly better than expected, drifting lower to 457k from 466k a week earlier and besting estimates for an increase to 480k.
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Kraft expected to post Cadbury bid Friday: sources

Kraft Foods will post its offer document to Cadbury Plc shareholders on Friday, triggering a two-month 9.8 billion pound ($16.4 billion) takeover fight, sources with knowledge of the situation said on Thursday.
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Kraft expected to post Cadbury bid Friday -sources

Kraft Foods will post its offer document to Cadbury Plc shareholders on Friday, triggering a two-month 9.8 billion pound ($16.4 billion) takeover fight, sources with knowledge of the situation said on Thursday.
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Dow, S&P dip as BofA plan offset by services data

The Dow and the S&P 500 inched lower on Thursday as optimism about Bank of America's plan to repay $45 billion of government bailout money was offset by data showing the vast U.S. services sector contracted in November, which increased concerns about the recovery's strength.
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SEC pushes to reform mutual fund fees

The top U.S. securities regulator pushed on Thursday to reform mutual fund fees that traditionally used to stimulate fund growth and help cut shareholder expenses.
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Bernanke defends Fed's leadership

Federal Reserve Chairman Ben Bernanke on Thursday defended his record at the helm of the U.S. central bank before a skeptical Senate that is considering stripping the institution of its regulatory powers.
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U.S. services sector contracts, jobless claims fall

The U.S. services sector contracted in November, with an index measuring activity falling to its lowest reading since July, according to a report released on Thursday that was a shock to economists forecasting the economic recovery was gathering pace.

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