UNITED STATES

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House takes another step on healthcare reform

Democrats in the U.S. House of Representatives unveiled a sweeping healthcare overhaul on Thursday that would transform the insurance market, create a government-run insurance plan and levy new taxes on the rich.

US home buyer credit spurred 400,000 sales -report

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The government's first-time homebuyer tax credit has spurred a significant amount of sales this year and its positive impact on the hard-hit housing market warrants an extension, an economist known for her property market expertise said on Thursday.
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U.S. 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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Chevron Q3 profit hit by oil, refinery weakness

Chevron Corp posted a 51 percent drop in quarterly profit on Friday, the latest oil giant to be hit by the steep decline in oil and natural gas prices and the anemic margins for refineries.
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Wall St set for weak open after best day in 3 months

Wall Street was looking at a weak open on Friday, a day after the market logged its best gain in three months, as investors await data that will shed light on consumer sentiment and Midwest business activity.
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Spending falls, raises concerns about growth

U.S. consumer spending fell in September after four months of gains as a government program to boost auto purchases ended, adding to fears that economic growth could stumble without government support.
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UPDATE 1-U.S. Q3 employment costs rise 0.4 percent

Employment costs in the United States rose 0.4 percent in the third quarter, in line with Wall Street expectations, as the longest recession in decades continued to eat away at worker pay and benefits, Labor Department data showed on Friday.
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Personal spending falls 0.5 percent in September

U.S. consumer spending fell in September for the first time in five months as the boost from a government auto incentive faded, data showed on Friday, adding to fears that consumers may be pulling back as they head into the last quarter of the year.
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Bahamian lawmaker avoids jail in Travolta mistrial

The Bahamian lawmaker who caused a mistrial in the John Travolta extortion case escaped a contempt of court citation on Thursday when the judge ruled that his public vilification was punishment enough.
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European shares flat; banks gain, oils fall

European shares were little changed in midmorning trade on Friday after sharp gains in the previous session on data showing the U.S. had emerged from recession, with firmer banks offsetting weaker energy stocks.
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AFI Film fest launches free movie event in L.A.

In a year when many film festivals sharply cut operations or closed due to the recession, the large AFI Film Festival that gets under way here on Friday has found a novel way to stay open -- give tickets away for free.
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Futures dip after best day in 3 months

U.S. stock index futures dipped on Friday, a day after the market logged its best percentage gain in three months, as investors await data that will shed light on consumer sentiment.
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Futures dip after best market day in 3 months

U.S. stock index futures dipped on Friday, a day after the market logging its best percentage gain in three months, as investors await data that will shed light on consumer sentiment.
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Sanofi lifts forecast on swine flu vaccine

Sanofi-Aventis raised its outlook for 2009 thanks to sales of swine flu vaccine and posted earnings per share growth that beat forecasts as competition from generics was offset by revenue growth for other drugs.

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