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North Korea warns South it will pay for clash

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North Korea said the South will pay an expensive price for firing at Pyongyang's retreating patrol boat on Tuesday, keeping up its saber rattling two days after a naval gunfight raised tension between the rivals.
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Clinton: U.S. concerned about Afghan corruption

The United States is concerned about corruption and poor governance in Afghanistan and has raised those issues with the administration of President Hamid Karzai, Secretary of State Hillary Clinton said on Thursday
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BA, Iberia boards consider merger, no decision

The boards of British Airways and Spain's Iberia are holding separate board meetings to consider a merger to create the world's third largest airline by revenue, they said on Thursday.
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Stocks set for lower open after Wal-Mart outlook

Wall Street was set to open lower on Thursday as a weak holiday quarter forecast from retail giant Wal-Mart Stores Inc sparked concerns about consumer spending, threatening to break a six-session rally for the Dow.
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Lou Dobbs leaving CNN, does not reveal plans

CNN host Lou Dobbs, whose outspoken views on U.S. immigration have made him one of the most controversial figures on television, said on Wednesday he is leaving the 24-hour cable news network immediately because he wants a freer platform to state his opinion.
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Ring in for BBC English lessons in Bangladesh

Bangladeshis seeking to learn English and better their job prospects abroad need not look further than their mobile phone, which will feature brief lessons conducted by the British Broadcasting Corporation (BBC)
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Oil falls below $79; U.S. inventory in focus

Oil dipped below $79 a barrel on Thursday as an expected hike in U.S. crude stocks and a rise in the dollar from 15-month lows outweighed an IEA report that said global oil demand will return to growth this quarter.
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US foreclosures slow a 3rd month; lull temporary

U.S. home foreclosure filings slowed in October for a third straight month, but rising unemployment will spur another record year of failing mortgages in 2010, real estate data company RealtyTrac said on Thursday.
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New jobless claims fall for second week

The number of U.S. workers filing new claims for jobless insurance fell for the second week in a row and the four-week moving average of claims was the lowest in nearly a year, government data showed on Thursday, pointing to improvements in the labor market.
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US mortgage refinancing up but buying demand sinks

Refinancing drove total U.S. mortgage applications higher last week as fixed borrowing costs fell further below 5 percent, but home purchase demand sank to a nine-year low, an industry group said on Thursday.
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HP to buy 3Com for $3.1 billion

Hewlett-Packard Co is making a move into the network equipment market by striking a $3.1 billion deal for 3Com Corp, in a major challenge to Cisco Systems Inc.
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Stock futures down as Wal-Mart outlook weighs

U.S. stock index futures fell on Thursday as an earnings forecast from retail giant Wal-Mart Stores Inc sowed doubt about consumer spending for the rest of 2009, threatening to end a six-session rally for the Dow.
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IMF economists review reserve currency alternatives

Policymakers should consider ways of shifting from a dollar-centric global monetary system to one with a wider range of reserve assets and some form of insurance that would reduce reserve accumulation, IMF economists say.
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Dollar edges higher, profit taking hits euro

The dollar edged lower on Thursday, struggling with growing calls for Asian currencies to trade more freely -- effectively appreciate -- but supported by profit-taking on recent gains in other currencies like the euro.
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Wal-Mart Q3 profit rises but Q4 view light

Wal-Mart Stores Inc reported a higher quarterly profit as the world's biggest retailer clamped down on inventory and controlled expenses, but forecast earnings for the current period that could miss current Wall Street estimates.
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Wal-Mart profit rises but Q4 view light

Wal-Mart Stores Inc reported a higher quarterly profit as the world's biggest retailer clamped down on inventory and controlled expenses, but forecast earnings for the current period that could miss current Wall Street estimates.
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BA, Iberia boards consider merger

The boards of British Airways and Spain's Iberia are holding separate board meetings to consider a merger to create the world's third largest airline by revenue, they said on Thursday.
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Gold at new record on wobbly dollar, global stocks weak

Gold rose above $1,120 an ounce to a fresh record high on Thursday, the U.S. dollar hovered near 15-month lows while shares weakened, particularly in emerging markets. Gold prices pushed to the record high in part because of dollar weakness.

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