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U.S. durable goods orders drop 2.4 percent in Aug

New orders for long-lasting U.S. manufactured goods fell unexpectedly in August, dropping by their biggest margin in seven months, following a plunge in commercial aircraft orders, the government reported on Friday.

Oil rises above $66; Goldman ups demand forecast

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Oil rose above $66 a barrel on Friday, recovering from the previous day's drop to an eight-week low, but gains were limited by doubts about the strength of economic recovery and high fuel inventories.
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KB Home reports narrower quarterly loss

Homebuilder KB Home reported a narrower quarterly loss, though its chief executive cautioned that he does not expect to see meaningful improvement in the U.S. housing market in the near future.
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Spoof shows turn tables on celebrity obsession

Watch out Britney, Octomom and Paris! Shows spoofing your fame are piling up faster than celebrity magazines in a hair salon, and they include a stage musical and animated TV programs.
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U.S. durable goods orders seen up in August

New orders for long lasting U.S. manufactured goods probably rose for a second straight month in August as stronger demand for automobiles offset a drop in commercial aircraft orders, according to a Reuters survey.
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G20 takes helm of world economy

The Group of 20 will become the forum for global economic management, giving rising powers such as China more clout, and roll out tougher rules on bank capital by the end of 2012, a draft communique said on Friday.
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Dollar falls on G20, hits 7 1/2-mth low vs yen

The dollar slipped on Friday after a draft communique from Group of 20 leaders said economic stimulus measures would remain in place for now, suggesting U.S. interest rates would remain low.
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Stocks pressured despite G20 pledge, dollar eases

Global stocks struggled near a 1-1/2 week low on Friday despite a pledge by the Group of 20 countries to keep emergency economic stimulus in place until a durable recovery is secured, helping underpin government bonds.
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U.S. large-loan bank losses triple to $53 billion

U.S. regulators say that the level of losses from syndicated loans facing banks and other financial institutions tripled to $53 billion in 2009, due to poor underwriting standards and the continuing weakness in economic conditions.
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Global IPOs surge in Q3, led by buyout deals

The global market for initial public offerings rebounded decisively in the third quarter, on the strength of large deals in Asia and a U.S. market that emerged from its doldrums.
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G20 stimulus pledge helps stocks, hurts dollar

Financial and consumer-related shares rose in Asia and the U.S. dollar turned lower on Friday as G20 leaders pledged in a draft statement to keep some stimulus supports in place until a recovery is clearer.
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JPMorgan leads pack as underwriting drives fees

Banks led by JPMorgan Chase & Co reaped a bonanza of underwriting fees from debt and equity capital-raisings in the third quarter but a deepening slump in M&A activity depressed overall investment banking fees.
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Govt task force: breaking JAL up an option

A government task force set up to help revive Japan Airlines Corp said on Friday it would review the carrier's turnaround plans from scratch and that splitting it into good and bad parts was an option.
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A123 Systems soars 50.3 pct in mixed day for IPOs

Shares of A123 Systems Inc, a maker of lithium-ion car batteries, had the second-best debut of any 2009 U.S. initial public offering, rising 50.3 percent in their first trading session, far outpacing the four other stocks that came to market on a particularly busy day for IPOs.
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EBay CEO says Skype deal is going to close

EBay Inc Chief Executive John Donahoe said on Wednesday that recent lawsuits will not derail a $1.9 billion deal to sell a majority interest in Web telephone unit Skype to an investor group.

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