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Market edges up after data

U.S. stocks rose modestly on Tuesday after stronger-than-expected retail sales data, though gains were limited by some retailers' disappointing earnings.
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MetroPCS picks Ericsson, Samsung for LTE launch

MetroPCS Communications Inc said it has selected the infrastructure and initial handset providers for its fourth-generation long term evolution broadband service, which is expected to launch in the second half of 2010.
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Deutsche Telekom U.S. action not imminent-sources

Deutsche Telekom has not taken a decision on any option that could change its position in the U.S. market and is not planning to do so in the immediate future, two sources familiar with the company said.
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Bernanke says U.S. recession very likely over

Federal Reserve Chairman Ben Bernanke said on Tuesday that the worst U.S. recession since the Great Depression was probably over, but the recovery would be slow and take time to create new jobs.
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MarkWest Liberty inks gas processing deals

MarkWest Liberty Midstream & Resources LLC said it has agreed with units of Chesapeake Energy Corp and Statoil Hydro ASA to process gas at its new Majorsville processing plant in West Virginia.
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Biden back in Iraq to keep up pressure

U.S. Vice President Joe Biden arrived in Iraq on an unannounced visit on Tuesday to keep up U.S. pressure on Iraq's leaders to reach political compromises on thorny issues as U.S. combat troops prepare to go home.
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U.S. envoy presses for deal on Israeli settlements

U.S. envoy George Mitchell and Israeli Prime Minister Benjamin Netanyahu ended more than two hours of talks Tuesday without any sign of a deal on a settlement freeze crucial to restarting Middle East peace talks.
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Wall Street flat after weak earnings, strong data

U.S. stocks were little changed on Tuesday after disappointing earnings from electronics retailer Best Buy and supermarket chain Kroger and stronger-than-expected retail sales and producer price data failed to move investors.
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Climate deal must be wide, not overwhelming: Chu

Nations aiming to agree on a new global climate deal should focus on achievable greenhouse gas emissions targets, to involve as many nations as possible, said U.S. Energy Secretary Steven Chu.
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Senate healthcare bill still on track

Negotiators on the U.S. Senate Finance Committee worked to pare the costs and complete the details of a broad healthcare overhaul on Monday, with chairman Max Baucus saying he was still on track to produce a bill this week.
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U.S. retail sales jump 2.7 percent in August

Sales at U.S. retailers rose at their fastest pace in three-and-half years in August as government-sponsored auto incentives buoyed demand for motor vehicles, according to data on Tuesday that also showed strong sales outside the auto sector.
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UPS aircraft mechanics authorize strike

The 1,400 U.S. mechanics who maintain United Parcel Service Inc's worldwide fleet of 263 aircraft authorized a strike against the company, union officials said on Tuesday, though contract talks between the company and the workers will continue later this month.
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Oil up past $69; distillates concern caps gain

Oil rose above $69 a barrel on Tuesday, lifted by an expected draw in U.S. crude stocks and better-than-expected U.S. retail sales data, but concerns about rising U.S. distillate inventories capped gains.
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Best Buy profit misses by penny; outlook raised

Top U.S. consumer electronics chain Best Buy Co reported a lower-than-expected quarterly profit on Tuesday on weak sales of items such as videogames and cameras, but raised its forecast for the full year.
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Dollar Thrifty to close about 10 more locations in '09

Car-rental company Dollar Thrifty Automotive Group Inc said it will close about 10 more locations in the rest of 2009, as part of its pre-announced plan to do away with underperforming and non-profitable locations.
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Ebay shares gain after Piper Jaffray upgrade

EBay Inc shares rose on Tuesday after Piper Jaffray upgraded the stock of the online auctioneer, citing improved Web traffic and improved customer satisfaction with its website.

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