UNITED STATES

WTO distributes ruling in Airbus subsidies case

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The World Trade Organisation on Friday issued a 1,000-plus page ruling on whether subsidies the EU gave to Airbus were illegal, although the findings will not officially be made public for months.

H&R Block loss wider than expected, shares down

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H&R Block Inc posted a wider-than-expected quarterly loss on Friday, hurt by higher expenses in tax services segment, and said it expects tax returns filed to fall about 1 to 2 percent in the coming tax season.
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Oil inches higher on recovery hopes

Oil prices rose slightly on Friday as stronger equities boosted hopes for economic recovery, outweighing U.S. jobs data showed the unemployment rate at a 26-year high.
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U.S. says European subsidies have harmed Boeing

The United States confirmed on Friday it has received a confidential World Trade Organization ruling in its multibillion-dollar complaint against European government support for Airbus .
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Wall Street gains after mixed payrolls data

Stocks rose moderately on Friday after a mixed payrolls report that showed U.S. employers cut fewer-than-expected jobs in August even as the unemployment rate hit a 26-year high.
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Not so sunny: trade war looms in solar space

German solar firms Conergy and Solarworld have voiced strong concern about the pricing practices of Chinese panel makers -- who undercut their German peers' products by around 20 percent. Chinese modules sell in Europe at about 1.70 euros per watt, according to a UBS report.
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Oil falls after U.S. jobs data

Oil prices slipped on Friday, weighed down by concerns about economic recovery after U.S. jobs data showed the unemployment rate at a 26-year high.
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Unemployment rate jumps to 9.7 percent

U.S. job losses were the smallest in a year last month but the unemployment rate unexpectedly jumped to a 26-year high, according to data on Friday that showed the labor market limping toward health.
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US says European subsidies have harmed Boeing

The United States confirmed on Friday it has received a confidential World Trade Organization ruling in its multibillion-dollar complaint against European government support for Airbus.
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Santander Brazil unit IPO could exceed $5.6 bln

Banco Santander SA, the Brazilian unit of Spain's Santander, filed on Thursday for an initial public offering in Brazil and the United States, in what could become one of the largest IPOs of the year.
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ChemChina, after Blackstone deal, seeks fresh funds

State-run chemicals company ChemChina, the little-known acquisition pioneer that won the affection of private equity firm Blackstone, is looking for yet more strategic investment as it scouts for more overseas assets, its chief executive said on Friday.
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AIG may unveil Taiwan unit buyer at end-Sept.: paper

AIG will likely now announce the buyer of its Taiwan Nan Shan Life unit at the end of September instead of on Friday, a local newspaper reported, after potential buyers bid below the $2 billion the insurer had hoped for.
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Netanyahu to allow new Israeli settler homes: aide

Israeli Prime Minister Benjamin Netanyahu will approve building new settler homes before considering a freeze that could lead to a resumption of peace talks with Palestinians, an aide said on Friday.
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People would rather lose wallet than cellphone

Cellphone feels like a part of your body? A global survey has found that most people can't live without their mobiles, never leave home without them and, if given a choice, would rather lose their wallet.
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Roubini: U-shaped recovery is possible

Nouriel Roubini, a leading economist who predicted the scale of global financial troubles, said a U-shaped recovery is possible, with leading economies undeperforming perhaps for 3 years.

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