UNITED STATES

Jobless rate climbs to 10.2 percent

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U.S. employers cut a deeper-than-expected 190,000 jobs in October, government data showed on Friday, driving the unemployment rate to 10.2 percent, the highest in 26-1/2 years.
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Iran tested advanced nuclear warhead - report

The U.N. nuclear watchdog has asked Iran to explain evidence suggesting the Islamic Republic's scientists have experimented with an advanced nuclear warhead design, the Guardian reported in its Friday edition.
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Banks help FTSE gain 0.2% ahead of U.S. jobs data

Britain's leading share index was up 0.2 percent approaching midday on Friday with a rally by banks offsetting weakness in oil majors in thin trade as investors await the key U.S. October jobs report.
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Stock futures edge up ahead of payrolls data

U.S. stock index futures rose slightly on Friday as investors awaited monthly payrolls data and the unemployment rate, key indicators to determine the strength of the economic recovery.
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AIG posts second consecutive quarterly profit

American International Group Inc , the insurer bailed out by the U.S. government, posted its second straight quarterly profit on Friday, helped by recovery in the value of its investments.
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Stock futures tick higher ahead of payrolls data

U.S. stock index futures were slightly higher on Friday as investors awaited monthly payrolls data and the unemployment rate, key indicators to determine the strength of the economic recovery.
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Calpers knew in 2003 about forex trading hits: report

California Public Employees' Retirement System, knew it was paying uncompetitive rates on foreign-exchange trades as early as 2003, the Wall Street Journal said, citing a consultant who advised the largest U.S. public pension fund.
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Stocks, commods gain ground, payrolls eyed

Global stocks and commodities gained on Friday, buoyed by firm U.S. data the previous session, lifting risk appetite ahead of hotly anticipated jobs data which will give more evidence on the state of the global economy.
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Stock futures mixed ahead of payroll figures

U.S. stock index futures pointed to a mixed open on Wall Street on Friday as investors braced for the all-important monthly payrolls figures and unemployment rate, due at 8:30 a.m. EST.
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RBS's Q3 loss halves but more bad debts to come

Royal Bank of Scotland more than halved its operating losses to 1.5 billion pounds ($2.5 billion) in the third quarter as impairments fell, but less favorable trading battered investment banking profits.
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UK's Mandelson says GM decision benefits taxpayers

U.S. carmaker General Motors' decision to keep its European unit Opel will benefit European taxpayers, especially in Britain, Germany and Spain, British Business Secretary Peter Mandelson said on Thursday.
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Russia says GM pouring U.S. scorn on Europe

Russia accused General Motors of showing the United States' scorn of business with Europe by abandoning its sale of Opel, whose German workers went on strike on Thursday.
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BofA's consumer bank chief eyes CEO job

Bank of America's consumer banking chief, tipped to be a leading candidate to replace outgoing chief executive Kenneth Lewis, said he is keen to step into the top job but will stay on if he misses out, addressing one of Wall Street's most talked-about issues.
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Japan's Elpida to outsource chips to Taiwan ProMOS

Japanese chip maker Elpida said it will outsource production of advanced PC memory chips to Taiwan's ProMOS, a move aimed at locking in production capacity in Taiwan, cutting costs, and putting it on stronger competitive footing against its big South Korean rivals.
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Asia stocks, oil advance before U.S. job numbers

Asian stocks rose ahead of the latest U.S. payrolls report on Friday, expected to show the fewest job losses since August 2008, while oil prices recovered to $80 a barrel after a sharp drop on high U.S. fuel inventories.
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Starbucks raises outlook as turnaround signs mount

Starbucks Corp raised its financial forecasts for 2010 in the latest sign a year-long turnaround effort is boosting margins and putting it back on track for growth, sending shares up almost 4 percent.
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Guitar Hero brings higher revenue for Activision

Video game publisher Activision Blizzard Inc reported a quarterly profit that matched analysts' estimates and revenue that was higher than expected, led by sales of the company's latest Guitar Hero offering.

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