UNITED STATES

North Korea missile tests puzzle outside world

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North Korea test-fired short-range missiles on Monday, South Korean media reported, sparking consternation just as the reclusive state had been signaling to the outside world it might return to nuclear talks.

Philips pins recovery hopes on holiday sales

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Philips Electronics said it had still not seen a recovery in most of its markets and the Thanksgiving and Christmas holidays would be a key test of whether shoppers' confidence has returned.
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Oil jumps 2 percent on optimism

Oil jumped more than 2 percent on Monday to touch a six-week high on optimism about the pace of global economic recovery and as cold weather across the United States boosted fuel demand.
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Black & Decker raises profit outlook

Tool maker Black & Decker Corp raised its profit outlook for the third-quarter, citing better-than-expected sales, operating margin and tax rate, suggesting an improvement in the company's end markets.
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Oil hits six-week high on economic optimism

Oil rose by more than $1 a barrel to a six-week high above $73 on Monday, supported by optimism about the pace of global economic recovery and indications of stronger oil demand.
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Judge backs LG in Whirlpool patent case

LG Electronics Inc said on Monday a U.S. International Trade Commission judge has ruled it has not infringed Whirlpool Corp's patent for ice storage bins placed in refrigerator doors.
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Iran sees possible Total deal worth $7.5-8 bln

A senior Iranian energy official said on Monday the value of a possible new liquefied natural gas development deal with France's Total had fallen to $7.5-8 billion, state broadcaster IRIB reported.
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FDP sees risk Germany shoulders full Opel burden

Germany could end up shouldering the entire burden of aid for Opel because Britain and Spain remain reluctant to support the planned sale of the carmaker to Canada's Magna, a Free Democrat (FDP) politician said.
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Dollar gains vs yen for second straight session

The dollar gained for the second straight session against the yen on Monday, rising to a more than two-week high, with traders covering short positions as they debated the timing of a tightening in U.S. monetary policy though some investors remained cautious.
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Kenosha, Wisconsin in auto history

Kenosha, Wisconsin on the shores of Lake Michigan has a long history in automotive history that will die if a Chrysler engine plant is shut as planned next year.
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U.S. school swine flu event shows vaccine challenge

A U.S. government media event to promote H1N1 school vaccinations on Friday included VIPs, cute kids and a phalanx of television cameras -- but only one in five children at the school had proper parental consent to get immunized.
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Carbon capture coal tech must be ready by 2019: U.S.

A technology to bury underground the greenhouse gas emissions produced from burning coal must be ready for global deployment by 2017-2019, U.S. energy secretary Steven Chu said on Monday. Coal is the world's single biggest source of carbon emissions, at 40 percent. Other sources included burning oil and natural gas, and deforestation and the production of cement.
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JC Flowers funds sue over Hypo Real squeeze-out

Funds advised by U.S. private equity group J.C. Flowers & Co LLC have taken legal action seeking to prevent the full nationalisation of German bank Hypo Real Estate (HRXG.DE), the investment group said.
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Wall Street to rise as dollar slips

Stock futures pointed to a higher open on Monday as a softer dollar helped boost commodity prices and, potentially, earnings of export oriented U.S. companies.
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UPDATE 1-Obama aide defends economic stimulus package

U.S. President Barack Obama's top economic adviser said on Monday the United States is on the path toward economic recovery, conditions in financial markets are steadier and there have been initial signs of stabilization in the housing market.

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