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Costco and Family Dollar beat expectations

Family Dollar Stores Inc and Costco Wholesale Corp reported better-than-expected quarterly profits on Wednesday and said sales improved in September from preceding months, sending their shares higher.

Google CEO says worst of ad slump is over

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Google Inc Chief Executive Eric Schmidt said on Wednesday that the worst of the advertising recession was over, and pointed to signs of a recovery in both Europe and the United States.
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GM says on target with change, but risks remain

General Motors Co is on track to hit the financial restructuring targets set in its U.S. government-sponsored bankruptcy, but still faces risks as it tries to win back consumers in an uncertain U.S. economy, the automaker said on Wednesday.
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Oil edges above $71 after EIA report

Oil edged higher above $71 a barrel on Wednesday after the release of U.S. government figures showed crude inventories in the world's largest energy consumer fell last week, boosting the view demand is picking up.
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Green group says U.S. climate bill won't hurt farms

Global warming poses more of a threat to U.S. farm incomes than does the climate change bill passed by the U.S. House, which will have a negligible impact on American agriculture's bottom line, an environmental group said on Wednesday
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Santander Brasil, Verisk IPOs raise $10 billion

Mammoth IPOs by the Brazilian unit of Spanish bank Banco Santander and U.S. risk specialist Verisk Analytics Inc raised nearly $10 billion on Tuesday, almost twice the amount raised by U.S.-listed IPOs in 2009.
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Saudi king in Damascus to mend fences with Assad

Saudi Arabia's King Abdullah flew to Syria on Wednesday for talks with President Bashar al-Assad aimed at healing a rift that has aggravated Arab discord over Iran, the Israeli-Palestinian conflict and Lebanon.
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Pakistan army has serious concern on U.S. aid bill

Pakistan's army on Wednesday expressed serious concern about a U.S. aid bill that critics say contains conditions that amount to a humiliating violation of sovereignty as parliament began a debate on the U.S. aid.
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Russia: new U.S. anti-missiles less risky

Russia sees a redrafted U.S. anti-missile shield plan as less of a security threat than the previously proposed project, Russian agencies said Wednesday, which should ease tensions between the two powers.
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U.S. groups eye second Obama decision on China yuan

U.S. labor and manufacturing groups urged President Barack Obama on Tuesday to live up to his campaign rhetoric and formally label China a currency manipulator in a Treasury Department report due out next week.
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U.S. lawmakers press Obama on Afghan war strategy

President Barack Obama told congressional leaders on Tuesday his decision on a new Afghan war strategy would not make everyone happy, while Republicans urged him to heed his military commander's call for more troops.
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Iran says some countries offer it nuclear fuel

President Mahmoud Ahmadinejad said on Wednesday that some countries had offered to provide Iran with uranium enriched to 20 percent for use as nuclear reactor fuel, the official IRNA news agency reported.
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Ciena bids $521 million for Nortel ethernet assets

Canada's Nortel Networks said on Wednesday it has agreed to a stalking horse offer from U.S. network specialist Ciena Corp to buy its optical networking and Internet infrastructure businesses for $521 million.
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Swiss reject Polanski appeal over arrest

Swiss authorities rejected an appeal on Tuesday to release from jail Roman Polanski, the film director arrested last month after fleeing the United States in 1978 to avoid sentencing in an underage sex case.
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Barclays mulls major wealth management deal

British bank Barclays could acquire a wealth management business at least the size of Julius Baer to meet its target of ranking in the top five private banks globally, Barclays Wealth's vice chairman said on Wednesday.
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Afghan Taliban say they pose no threat to the West

The Afghan Taliban pose no threat to the West but will continue their fight against occupying foreign forces, they said on Wednesday, the eighth anniversary of the U.S.-led invasion that removed them from power.
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Daily Outlook - Oct 7

Keep Supporting, says Hoenig; Retailers Results Beat Views; Mortgage Apps Up Again

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