UNITED STATES

Top growth fund manager dumps Apple, Google

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Jerry Jordan, one of the top-performing U.S. growth fund managers over the past three years, says he's sold all his holdings of Apple and Google because their stock prices had gotten too expensive.
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Obama offers U.S. greenhouse gas cut

The United States unveiled a plan to cut greenhouse gases by 2020 on Wednesday and said President Barack Obama will attend U.N. climate talks in Copenhagen next month -- before other world leaders show up.
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GM grapples with Saab, Opel futures

General Motors cast around for fresh options for Sweden's loss-making Saab on Wednesday after the collapse of its sale added another dimension to tortuous European restructuring plans.
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Ericsson, Kapsch win bid for Nortel's GSM assets

Sweden's Ericsson and Austria's Kapsch CarrierCom AG will acquire certain wireless technology assets from Nortel Networks Corp, the bankrupt Canadian telecom equipment maker said on Wednesday.
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UK's Brown optimistic on Afghan troop increase

British Prime Minister Gordon Brown is optimistic other allies will send more troops to Afghanistan, backing up an expected sharp increase in U.S. forces, according to a letter to NATO released on Wednesday.
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WHO probing drug resistant swine flu

The World Health Organization is looking into reports in Britain and the United States that the H1N1 flu may have developed resistance to Tamiflu in people with severely suppressed immune systems, a spokesman said Tuesday.
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Faurecia CEO: Plastal fits consolidation strategy

The head of Faurecia SA said on Wednesday that bumper maker Plastal could be a good match for the French parts maker, adding that his company was looking to be a consolidating force in the auto parts industry.
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TIMELINE-Chinese automakers chase global profile

Chinese car maker Beijing Automotive Industry Holding Corp (BAIC) said on Wednesday it was reassessing the situation after a consortium it belonged to dropped a bid to buy General Motors' Saab unit.
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Peter Jackson has break from big budgets in Lovely Bones

New Zealand's Peter Jackson takes a break from blockbusters with The Lovely Bones, an adaptation of Alice Sebold's bestselling novel about girl who is brutally raped and murdered and who looks down on her family from heaven.
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GM's Saab sale collapses as buyer backs out

A deal for General Motors Co to sell Saab collapsed on Tuesday when the buyer pulled out, in a move that threatens a 60-year-old Swedish auto brand with closure after mounting losses.
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NZ passes carbon trade laws, Australia edges closer

New Zealand's revised emissions trading plan passed into law on Wednesday, while neighboring Australia moved a step closer to ending a deadlock stalling its carbon-trade legislation ahead of a vote this week.
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U.S. jobless claims tumble in latest week

The number of U.S. workers filing new applications for jobless insurance tumbled last week by a surprisingly large amount to the lowest level in more than a year, according to government data on Wednesday that gave fresh evidence the battered labor market is improving.
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Tiffany profit beats; view raised ahead of holiday

Tiffany & Co reported a larger-than-expected quarterly profit and raised its forecast for full-year earnings on the strength of its overseas sales and a solid start to the holiday season, sending the upscale jeweler's shares up nearly 6 percent.
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Calpers mulls dumping BlackRock on real estate-WSJ

Calpers, the biggest U.S. public pension fund, is considering dumping asset manager BlackRock Inc as its real estate consultant, the Wall Street Journal said, citing people familiar with the matter.

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