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IMF head eyes global currency change, presses on yuan

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The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday.

Stock index futures signal dip after rally

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U.S. stock index futures pointed to a slightly lower opening on Wall Street on Tuesday, with futures for the S&P 500 down 0.27 percent, Dow Jones futures down 0.18 percent and Nasdaq 100 futures down 0.25 percent.
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Stocks slip from 2009 highs; dollar above lows

World stocks slipped on Tuesday from the previous day's 2009 high and oil and gold fell as investors locked in gains from a strong rally, while the dollar edged higher from its 15-month lows.
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Asia stocks give up early gains, dollar pressured

Asian stocks surrendered early gains on Tuesday as investors took profits from recent gains, while the dollar was pinned near 15-month lows after Federal Reserve Chairman Ben Bernanke repeated the central bank was likely to keep interest rates at very low levels for some time.
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Business tycoons say have no regrets with big buys

Ratan Tata, who bought the Land Rover and Jaguar brands, and Rupert Murdoch and Carlos Slim, who bought or invested in U.S. newspapers, said on Monday that they have no regrets with their purchases.
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Soros' holdings increase, takes stake in Ford

Billionaire investor George Soros' hedge fund reported holdings of $6.2 billion during the third quarter, an increase of $2 billion, after taking a stake in automaker Ford and boosting his holdings in communications services stocks.
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NY Fed failed to negotiate AIG concessions: audit

The Federal Reserve Bank of New York used a weak negotiating strategy that failed to wring concessions from AIG trading partners last year, allowing them to reap nearly $30 billion in payments from U.S. taxpayers, a government audit report said on Monday.
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Underwood says Idol winners should play to fans

Since winning American Idol in 2005, country singer Carrie Underwood has become one of the show's highest selling graduates, but she warned the latest crop of Idol finalists to stay true to their fans if they want to find similar success.
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Asian stocks hit 15-month highs

Asian stocks rose to more than 15-month highs on Tuesday after Federal Reserve Chairman Ben Bernanke repeated the central bank was likely to keep interest rates at very low levels for some time, keeping the dollar pinned near 15-month lows and gold close to record highs.
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NY Fed failed to negotiate AIG concessions

The Federal Reserve Bank of New York used a weak negotiating strategy that failed to wring concessions from AIG trading partners last year, allowing them to reap nearly $30 billion in payments from U.S. taxpayers, a government audit report said on Monday.
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Banks sense danger, warn Congress on breakup power

Some of the world's largest financial firms on Monday urged a top U.S. lawmaker not to pursue big bank break-up legislation, an idea attracting interest in Congress and causing alarm on Wall Street.
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Fed eyes dollar drop, but hews to low-rate pledge

Federal Reserve Chairman Ben Bernanke, in a rare comment on the U.S. dollar's value, on Monday acknowledged the currency's slump was causing some prices to rise, but said other factors restraining inflation were winning the day.
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Berkshire buys Nestle, Exxon; ups Wal-Mart stake

Billionaire Warren Buffett's Berkshire Hathaway Inc on Monday revealed new investments in Nestle AG and Exxon Mobil Corp and that it has nearly doubled its investment in Wal-Mart Stores Inc .
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Fed's Kohn sees no asset bubbles building in U.S.

The Federal Reserve's low interest rate policy is meant to encourage investors to move into riskier assets in order to promote economic recovery, and there are no signs currently the policy is resulting in the build-up of a U.S. asset bubble, the central bank's number-two official said on Monday.
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CIT has $1.07 billion loss before bankruptcy

CIT Group Inc , the large U.S. consumer finance company, on Monday posted a $1.07 billion loss for the third quarter, the last full three-month period prior to its Chapter 11 bankruptcy filing.
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Dell to sell smartphones through China Mobile, Claro

Dell previously confirmed its plans to enter the smartphone business, and China Mobile and Claro in Brazil will be the second largest PC maker's first two supporting mobile operators to sell Dell Mini 3 smartphones, Sina Tech reported on Tuesday.
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Sarah Palin talks on Oprah about Levi Johnston

Sarah Palin's highly anticipated appearance on Oprah Winfrey's show aired Monday featuring some controversial discussions including the issue of her teenager daughter's pregnancy and the baby's father Levi Johnston.
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Xbox 360 gets social with Facebook & Twitter

Microsoft is plugging social networks into Xbox 360 in an effort to bring more games, entertainment and social experiences all from a single device, the company said on Monday.
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Stocks leap as Bernanke pledges lower rates

U.S. stocks rose broadly on Monday, sending indexes to fresh 13-month closing highs, after Federal Reserve Chairman Ben Bernanke reinforced expectations that interest rates would stay low to spur growth.
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GM posts loss, vows to repay U.S. early

General Motors Co said on Monday it lost $1.2 billion in a bankruptcy-shortened third quarter, but it vowed a quick repayment of $8 billion owed to the United States and Canada.
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Bernanke watching dollar drop closely

The U.S. central bank is monitoring the declining value of the dollar closely as part of its commitment to both jobs growth and price stability, Federal Reserve Chairman Ben Bernanke said on Monday.
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Janet Jackson blames doctor for Michael's death

Pop star Janet Jackson holds Michael Jackson's personal doctor responsible for her brother's sudden death and has told ABC News that a day does not go by when she doesn't think about her late sibling.

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