UNITED STATES

U.S. credit card defaults rise to record: Moody's

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The U.S. credit card charge-off rate rose to a record high in August, as more Americans lost their jobs, Moody's Investors Service said on Wednesday, in another sign consumers remain under stress.

Duke Energy signs another China cleantech deal

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Duke Energy Corp has signed a clean energy technology agreement with China's ENN Group, adding to a deal it struck last month with the country's top power provider in Duke's push to cut carbon emissions.
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GM restores 3,000 jobs, prepares to raise output

General Motors Co said on Tuesday it planned to restore about 3,000 jobs at U.S. assembly plants and related facilities and is getting set to raise North American production by up to 45 percent next year.
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AutoNation sees US recovery, to go 'on offense'

AutoNation Inc.(AN.N), the top U.S. auto dealership chain, is ready to go on offense by acquiring new stores and buying more vehicles as it bets that the battered U.S. auto market is headed for a long and steady recovery, the company's chief executive said.
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Judges in Microsoft-i4i case question damages

Appeals court judges hearing the latest round of a long-running patent fight between Microsoft Corp and Toronto technology company i4i on Wednesday questioned a lower court's calculation that the software giant owed $290 million in damages to the smaller firm.
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Gaddafi blasts big powers in first U.N. speech

Muammar Gaddafi, in his first address to the United Nations in 40 years as Libya's autocratic ruler, on Wednesday accused major powers on the Security Council of betraying the principles of the U.N. charter.
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Obama to world: U.S. can't fix it all alone

President Barack Obama pressed world leaders on Wednesday to help confront challenges ranging from the war in Afghanistan to nuclear standoffs with Iran and North Korea instead of expecting the United States to do it all alone.
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Wall Street advances on Fed's optimistic view

U.S. stocks rose on Wednesday as the Federal Reserve said economic activity has picked up following a severe downturn, an assessment that suggested the outlook for corporate profits was brightening.
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General Mills profit beats estimates, shares rise

General Mills Inc posted a higher-than-expected quarterly profit and raised its full-year earnings forecast, helped by strong sales of products like its breakfast cereals in the United States, sending its shares up 4.3 percent.
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Oil drops 4 percent on surprise U.S. stock build

Oil dropped 4 percent to below $69 a barrel on Wednesday after U.S. government data showed a big jump in crude and products stockpiles, stirring concerns about demand in the world's top energy consumer.
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Artio $585 mln IPO to build Baer war chest

Julius Baer's U.S. asset management arm Artio Global Investors Inc is set to price its U.S. initial public offering after Wall Street closes on Wednesday in what is likely to be a test of investors' appetite for new financial issues.
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AutoZone quarterly earnings fall 3.1 percent

AutoZone Inc (AZO.N), the largest U.S. auto-parts retail chain, posted quarterly results on Wednesday roughly in-line with analysts' expectations as same-store sales growth slowed from the prior quarter.
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US credit card defaults rise to record - Moody's

The U.S. credit card charge-off rate rose to a record high in August, as more Americans lost their jobs, Moody's Investors Service said on Wednesday, in another sign consumers remain under stress.
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Ford launches small car in India; sees US mkt upturn

Ford Motor Co (F.N) will start production of a small car in India early next year, and its chief executive said the U.S. market had was showing signs of recovery and he expected industry sales to rise in the next two years.
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Oil drops over 3.5 pct on surprise U.S. stock build

Oil dropped more than 3.5 percent to near $69 a barrel on Wednesday after U.S. government data showed a surprise jump in crude and products stockpiles, which stirred concerns about demand in the world's top energy consumer.

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