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New York Times scraps plan to sell Boston Globe

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The New York Times Co said it has given up its plan to sell The Boston Globe and related businesses after drastic cuts it imposed on the daily newspaper earlier this year improved its financial position.

Wall Street falls after Citigroup, Goldman results

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Wall Street fell on Thursday after quarterly results from Goldman Sachs Group and Citigroup Inc failed to live up to expectations of some investors a day after major indexes rallied to yearly highs.
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Microsoft camera deal powers OMG share jump

British firm OMG announced it had received licensing from Microsoft to launch a small digital camera aimed at helping people with memory loss, boosting its shares on Thursday.
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Wall Street edges lower after data, earnings

Stocks fell on Thursday after a survey showed regional factory activity grew less than expected in October, and quarterly results from Goldman Sachs Group and Citigroup Inc underwhelmed investors.
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Safeway 3rd-qtr profit beats view, shares jump

Supermarket chain Safeway Inc posted quarterly profit that beat Wall Street expectations as it cut costs to help counteract declining food prices, sending its shares up nearly 8 percent on Thursday.
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ICC prosecutor to examine Guinea killings

The prosecutor of the International Criminal Court said on Thursday he was investigating last month's deadly crackdown on opponents of Guinea's military ruler, Captain Moussa Dadis Camara.
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ADM CEO says long-term goal is non-food biofuels

The long-term goal for the biofuels industry will be to use nonfood sources for raw materials rather than grains, but to reach that goal industry must build on and not abandon current technology, biofuels giant Archer Daniels Midland said on Wednesday.
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Pakistan police targeted as attacks kill dozens

Militants launched a string of attacks in the Pakistani heartland and in the troubled northwest on Thursday, killing 31 people after a week of violence in which more than 100 people died.
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Lockheed names Kubasik as president, COO

Lockheed Martin Corp on Thursday said its board had elected Christopher Kubasik as the company's president and chief operating officer, a reorganization aimed at strengthening program oversight in an increasingly difficult environment for U.S. defense spending.
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NATO mulls Afghan troops, decision hinges on Obama

NATO's top defense officials will examine proposals Saturday for a big troop surge to contain Afghanistan's escalating insurgency but any such move hinges on a decision by the U.S. president, NATO military officials said.
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Southwest posts loss on buyouts, hedging

Southwest Airlines reported a third-quarter net loss on Thursday on charges for its employee buyout program and the shrinking value of its fuel hedge portfolio.
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Foreclosures fall for second straight month

U.S. mortgage foreclosure filings fell for a second straight month in September, but remained near a record high, amid ongoing and sweeping efforts to keep borrowers in their homes, a report released on Thursday showed.
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Credit losses hit Citigroup earnings

Citigroup Inc posted a quarterly per-share loss as it suffered $8 billion of credit losses, raising questions about when the bank can return to sustained profitability.
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Foreclosures fall for 2nd straight month

U.S. mortgage foreclosure filings fell for a second straight month in September, but remained near a record high, amid ongoing and sweeping efforts to keep borrowers in their homes, a report released on Thursday showed.
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Google to launch online electronic book store

Google plans to launch an online store for electronic books in the first half of next year, offering about half a million books initially in partnership with publishers with whom it already cooperates.
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Oil trims gains to around $75 after one-year high

Oil fell back from a year high on Thursday but stayed above $75 a barrel, reversing its sixth straight positive session after European shares pared gains and the euro fell on disappointing Q3 earnings reports, traders said.
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Consumer prices edge up

U.S. consumer prices rose marginally in September and the number of workers filing new claims for jobless insurance hit a nine-month low last week, more proof the economy was healing after a protracted recession.
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Consumer prices edge up, jobless claims fall

U.S. consumer prices rose marginally in September and the number of workers filing new claims for jobless insurance hit a nine-month low last week, more proof the economy was healing after a protracted recession.
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Polanski said working to finish new movie from jail

Director Roman Polanski is finishing work on his latest film from a Swiss jail where he is fighting extradition to the United States on a 1977 sex charge, writer Robert Harris was quoted as saying on Wednesday.

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