UNITED STATES

Gamestop Q3 profit beats estimates

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GameStop Corp's quarterly profit beat expectations helped by price cuts that stoked video game console demand and as used-game sales boosted margins -- signs a months-long period of gloom may be easing.

Tech, commods lead Wall Street's broad decline

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Technology and basic materials shares led Wall Street's broad decline on Thursday, as bearish analyst comments on the semiconductor sector and a stronger U.S. dollar dented recent gains.
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Kyoto carbon scheme needs Americans: Sindicatum CEO

An injection of U.S. talent into the $6.5 billion market in carbon offsets would help clear bureaucratic bottlenecks, making way for increased investment in clean energy, the CEO of a $310 million environmental fund said.
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Vodafone eyeing new Internet revenue options

Britain's Vodafone is looking at new ways of making money from the mobile Internet, such as offering premium services, as the battle for control of an expanding market dominated by search engine Google hots up.
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McCain defends campaign team against Palin

U.S. Republican Senator John McCain on Wednesday strongly defended the top advisers from his 2008 presidential campaign in the face of sharp criticism from his vice presidential running mate, Sarah Palin.
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Congress urged to combat China trade practices

The United States must combat China's trade-distorting industrial and currency policies with U.S. trade laws and by using the World Trade Organization, a congressional advisory body said on Thursday.
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Geithner: Largest firms need single regulator

U.S. Treasury Secretary Timothy Geithner said on Thursday that no financial firm should be able to escape regulation, and the largest institutions need oversight from a single, strong regulator.
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CIT Group says bankruptcy plan wins wide support

CIT Group Inc on Thursday said it has won overwhelming support from bondholders for its reorganization plan, as the big finance company tries to emerge from bankruptcy by the end of the year.
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JPMorgan lands Cazenove in $1.7 billion buyout

JPMorgan Chase & Co. is beefing up in Europe by buying the half of Cazenove it does not already own in a deal valuing the 190-year old UK stockbroker at 2 billion pounds ($3.4 billion).
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U.S. foreclosures, delinquencies jump in 3rd quarter

U.S. mortgage delinquency rates and the percentage of loans that entered the foreclosure process jumped in the third quarter, with both reaching record highs, the Mortgage Bankers Association said on Thursday.
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Iraq election impasse continues, veto contested

Iraqi lawmakers, failing to resolve differences over an election law, said they would meet on Saturday and send the law for approval as it stands, keeping on track plans for a January vote and a partial U.S. troop withdrawal later next year.
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Suicide bomber kills 18 in Pakistan's Peshawar

A suicide bomber blew himself up outside a court building in Peshawar on Thursday, killing 18 people, officials said, in the latest of a series of attacks on the northwestern Pakistan city.
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Fed officials play down impact of weak dollar

Federal Reserve officials on Thursday downplayed the consequences of the falling U.S. dollar, underscoring that deflation is still a threat, especially with commercial real estate prices falling.
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Geithner: Recovery not enough without reforms

U.S. Treasury Secretary Timothy Geithner said on Thursday that without sweeping financial regulatory reforms, economic recovery would not be enough to ensure U.S. strength and stability.
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Asia helps feeble West in global recovery -OECD

Asia is leading the global economy out of the deepest downturn in decades but the recovery will be marred by high unemployment and huge government debt across the industrialised countries, the OECD said on Thursday.
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U.S. warns Iran of consequences over standoff

World powers could have a package of measures against Iran within weeks, U.S. President Barack Obama said on Thursday, warning Tehran of consequences for its failure to respond to an offer of a nuclear deal.
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JPMorgan lands Cazenove in 1 bln pound buyout

JPMorgan Chase & Co. is beefing up in Europe by buying the half of Cazenove it does not already own in a deal valuing the 190-year old UK stockbroker at 2 billion pounds ($3.36 billion).
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Karzai sworn in as Afghan leader; vows to fight graft

Veteran Afghan leader Hamid Karzai was sworn in as president on Thursday, pledging to fight graft and take control of his country's security before his five-year term ends, after a fraud-marred election left his image in ruins.

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