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Tiger Woods admits 'transgressions' amid 3 lovers scandal

Tiger Woods admits 'transgressions' amid 3 lovers scandalTiger Woods issued a whole hearted apology for his transgressions, after numerous reports emerged involving the world famous golfer with apparently three different women.
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Web retail: Bright spot in tepid holiday season

U.S. online shoppers spent 5 percent more this Cyber Monday than they did last year as more consumers flocked to the Web for holiday shopping but spent slightly less per person, analytics firm comScore Inc said on Wednesday.
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EIA Report December 2, 2009

No major new refineries have been built in the United States since the 1970s, but that does not mean that U.S. refinery capacity has not grown. Refiners can increase capacity at existing sites by modifying equipment to increase product flow and by adding new distillation units. Consequently, though U.S. crude oil distillation capacity declined in the early 1980s, it has risen since the mid-1990s (Figure 1) due to these kinds of investments. From 1997 to 2009, total U.S. refining capacity increas...
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Doubts raised over Obama's Afghan withdrawal date

The first of 30,000 new U.S. troops will arrive in Afghanistan in two to three weeks, top U.S. officials said on Wednesday, even as they made clear plans to start bringing the soldiers home in 18 months could slip.
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Kraft sticking to its unhurried plan as deadline looms

Kraft Foods is preparing to post its offer documents for Cadbury as Monday's deadline approaches, but interest from Hershey and Ferrero is unlikely to spook the North American food giant into raising its bid in the short-term.
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Gold surges to record high; nears $1,220/oz

Gold hit a record high at $1,216.75 an ounce in Europe on Wednesday as investors bet on higher prices, with funds lengthening positions on expectations for a fresh leg of dollar weakness and more central bank buying.
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Dow, S&P dip on banks, energy

The Dow and S&P slipped on Wednesday, pressured by the financial and energy sectors, although the Nasdaq rose on positive news on online retailers such as Amazon.
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Geithner sees case for some derivatives exemptions

U.S. Treasury Secretary Timothy Geithner said on Wednesday there was a good case to let some firms use derivatives with little scrutiny for business purposes, but that most trading should face stiffer rules.
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EA sees fewer game titles

Electronic Arts Inc sees a future where its online and mobile games are as critical as Madden NFL and other console games as the company focuses on building core franchises and winnows its number of titles, said Chief Executive John Riccitiello.
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GM Board Replaces CEO with Chairman Whitacre

General Motors Co's chief executive Fritz Henderson abruptly resigned on Tuesday, after the company's board decided the automaker needed to push its restructuring faster under new leadership.
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Dow dips on banks and energy

The S&P 500 and Nasdaq rose on Wednesday, lifted by positive news on online retailers such as Amazon, while the Dow edged lower with energy and financials following mixed data on the labor market.
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GM CEO departs in shakeup by board

General Motors Co's chief executive, Fritz Henderson, abruptly resigned on Tuesday, after the company's board decided it wanted to chart a new course for the restructuring automaker.
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Obama's Afghan withdrawal timeline under fire

President Barack Obama's top deputies on Wednesday defended his plan for a rapid ramp-up in Afghanistan, but some U.S. senators questioned a proposal to set an 18-month timeline for starting to bring troops home
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Technology gives some high-speed traders advantages

The days of swashbuckling backslappers on the floor of the New York Stock Exchange have given way to an era of trading dominated by analytical technical whizzes whose computers may be running from a town in deepest New Jersey or Texas.

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