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Iran says Geneva talks are test

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Iran said on Wednesday it viewed talks with six world powers in Geneva as an opportunity and a test, while the United States weighed sanctions over Tehran's nuclear program if Thursday's meeting fails.
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U.S. okays Warner Chilcott buy of P&G unit

U.S. antitrust regulators have approved Warner Chilcott Plc's purchase of Procter & Gamble Co's pharmaceuticals business, the Federal Trade Commission said on Wednesday.
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U.S. Q2 GDP shrinks less, private jobs fall in Sept

The U.S. economy contracted at slower pace than previously thought in the second quarter, but a further decline in private payrolls in September was another indication that recovery from recession would be patchy.
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U.S. private sector cuts 254,000 jobs in September

U.S. private employers cut a larger-than-expected 254,000 jobs in September, though this was less than a revised 277,000 jobs lost in August, a report by a private employment service said on Wednesday.
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Climate control debate heats up in Senate

President Barack Obama's drive to tackle global warming gets a boost on Wednesday, when Democrats in the Senate are expected to unveil a bill aimed at reducing greenhouse gas emissions over the next four decades.
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Oil rises above $67 on dollar, eyes on data

Oil rose above $67 per barrel on Wednesday, buoyed by a fall in the dollar and higher share prices, but gains were limited by an expected increases in U.S. oil inventories.
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Wall Street set for higher open on encouraging GDP

Wall Street was set for a higher open on Wednesday as data showing the U.S. economy contracted at a slower-than-expected pace and robust factory activity from Asia gave investors more confidence about the economic recovery.
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Americans willing to fund healthcare reform: poll

Most Americans would pay higher taxes to fund healthcare reforms that provide the best quality of care, but only a minority expects Washington to deliver it, according to a survey released on Wednesday.
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Senate panel rejects public healthcare option

A Senate panel on Tuesday rejected a government-run public insurance option as part of a broad healthcare overhaul, handing insurers an early victory and setting the stage for a long fight over one of the bill's most contentious issues.
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IMF warns loan losses set to rise

The International Monetary Fund on Wednesday lowered its estimate for global writedowns for banks and other financial institutions to roughly $3.4 trillion but warned that loan losses were set to rise as unemployment and associated delinquencies increase.
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IMF cuts global debt writedown estimate

The International Monetary Fund on Wednesday lowered its estimate for global writedowns for banks and other financial institutions to roughly $3.4 trillion but warned that loan losses were set to rise as unemployment and associated delinquencies increase.
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Oil rises towards $68 as dollar slips

Oil rose toward $68 per barrel on Wednesday, buoyed by a fall in the dollar against major currencies at the end of the financial quarter, with the market also awaiting key U.S. oil data later in the day.
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Toyota plans huge U.S. recall for dangerous floormats

Toyota Motor Corp said it will recall some 3.8 million vehicles in the United States because of the risk that a loose floormat could force down the accelerator, a problem suspected of causing crashes that have killed five people.
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Oil over $67 as dollar slips

Oil rose above $67 per barrel on Wednesday, buoyed by a fall in the dollar against major currencies at the end of the financial quarter, with the market also awaiting key U.S. oil data later in the day.
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Europe shares set for best quarterly rise in 10 years

European shares look set to finish the third quarter with their best performance in nearly a decade on expectations of economic recovery while world stocks also rose strongly though not as much as in the previous period. The pan-European FTSEurofirst 300 index put on 0.4 percent on Wednesday and the MSCI world index added the same, while commodity prices were also firmer but the do...
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Oil up above $67 on dollar slip, eyes on Iran talks

Oil rose above $67 on Wednesday, recouping day-ago losses as the U.S. dollar eased against the euro and resource currencies like the Australian dollar, while eyes are on talks over Iran's nuclear plans.

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