UNITED STATES

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Nine U.S. banks seized in largest one-day haul

U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation's banking industry are being crippled by bad loans.

Feds to seize LA bank in 4th biggest failure: report

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Regulators are expected to seize Los Angeles-based California National Bank on Friday in what would be the fourth-largest U.S. bank failure this year, the Los Angeles Times reported, citing unnamed sources.
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BP Texas refinery hit with record safety fine

U.S. safety regulators on Friday hit oil giant BP with a record $87.4- million fine for failing to fix safety violations at its Texas City, Texas, refinery after a deadly 2005 explosion.
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Stocks hit by financials, outlook concerns

U.S. stocks slumped on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an accounting expert projected a $10 billion write-down for Citigroup .
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Ford seen narrowing loss, focus on cash burn

Ford Motor Co is expected to post a narrower quarterly loss with support from the U.S. government cash for clunkers program, but the focus will be on the outlook for the U.S. economy and auto industry sales.
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NYSE Euronext sells stake in derivatives platform

NYSE Euronext said it sold a big stake in its U.S. derivatives trading platform to five powerful market players, following the pattern of exchange operators partnering with dealers in the face of possibly sweeping regulatory changes.
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Horror videogames scare up record sales

What do Jigsaw from Saw, Freddy Krueger, and Jason from Friday the 13th all have in common, besides serial killing? Videogames, if the horror stars' latest round of promotions are to be believed.
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Wall Street hit by financials, outlook concerns

Stocks slid on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup.
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IAEA awaits urgent Iran reply on fuel deal

Iran has yet to give a formal response to a U.N.-drafted nuclear fuel proposal after signaling it would do so this week, then leaking demands for major changes that could unravel the tentative pact.
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Wall St hit by financials, outlook concerns

U.S. stocks slid on Friday as investors worried the economy's recovery might not be sustainable and financials sank as an influential bank analyst projected a $10 billion write-down for Citigroup.
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Chevron profit hit by oil, refinery weakness

Chevron Corp posted a 51 percent drop in quarterly profit on Friday, becoming the latest oil major to be hit by the steep decline in oil and natural gas prices and anemic margins at refineries.
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Consumer sentiment slips in October: survey

U.S. consumer sentiment slipped this month as Americans worried about their personal finances and focused on paying down debts, though confidence in a national recovery remained high, a survey showed on Friday.
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Consumer spending falls, sentiment sours

U.S. consumers cut spending in September and turned gloomier this month, underscoring the fragile nature of the economy's recovery even as signs emerged that manufacturing activity may be picking up.
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Honduras' Zelaya set to return to power

Honduras' de facto government buckled under international pressure on Thursday and agreed to allow the return to power of President Manuel Zelaya, who was toppled in a military coup four months ago.
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Colombia, U.S. sign military cooperation deal

Colombia and the United States signed a pact on Friday increasing U.S. access to Colombian military bases, the Colombian government said, deepening its standing as Washington's main ally in the region.
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Israel endorses draft Iran atom deal as first step

Israel offered cautious praise on Friday for a U.N.-drafted, U.S.-backed proposal for dealing with Iran's enriched uranium, calling it a positive first step toward denying Tehran the means to make nuclear weaponry.
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Afghan officials defend plan for more voting centers

Afghan election officials on Friday defended plans to open more polling centers for next week's presidential run-off despite fears not enough is being done to prevent a repeat of the fraud which marred the first round.

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