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Daily Outlook - August 14 - Energy

Five days of United Nations climate change talks in Bonn, Germany conclude Friday. Seven of the top ten best paid chief executive officers in the United States last year belong to oil companies.

U.S. consumer prices flat, inflation pressures muted

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U.S. consumer prices were flat in July versus June, but fell over the past 12 months by the most since 1950, according to government data that suggested benign inflation pressure even amid signs the recession may be winding down.

Playwright David Mamet to pen Anne Frank film

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Playwright David Mamet, whose works often revolve around cutthroat men who use bruising dialogue, will write a screenplay about Holocaust victim Anne Frank, the Walt Disney Co said on Wednesday.
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U.S. consumer prices flat in July

U.S. consumer prices were flat in July versus June as expected, but fell over the past 12 months by the most since 1950, government data showed on Friday.
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World stocks rally, China caps gains

World stocks hit 10-month highs for a second day running on Friday following upbeat growth data from the euro zone, but a fall in Chinese stocks and caution over the ongoing U.S. earnings season tempered gains.
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Blackstone's Schwarzman tops U.S. CEO payroll

Taking his private equity firm public paid off big for Blackstone Group LP's Stephen Schwarzman, who became the top-paid chief executive in the United States last year, a title he is likely to retain for some time, according to an analysis released on Thursday.
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Dole Food files for $500 mln IPO

Dole Food Co Inc filed with U.S. regulators on Friday to raise up to $500 million in an initial public offering of common stock.
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Bankruptcy filings surge in first-half 2009

U.S. bankruptcy filings rose 38 percent in April-June from a year ago, according to court data released Thursday, as consumers and business were hit by rising unemployment and a lack of credit.
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Solar stocks down on dim results

Shares in solar power companies fell on Thursday, led by a 14-percent drop in LDK Solar Co Ltd, which posted a wider-than-expected quarterly loss.
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Sterling Energy to raise 62.5 mln stg via equity issue

Oil and gas company Sterling Energy Plc said on Friday it would raise 62.5 million pounds ($103.6 million) in a discounted placing of new shares and that it had ended all talks regarding the sale of the company. Sterling Energy, which said in April it had agreed with its syndicate banks on a waiver until mid-August on repayment schedule of outstanding loans, said it had further amended the waiver agreement to mid-February 2011, conditional upon completion of the placing.
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EURUSD hits 1-wk high after Europe GDP data

The euro hit a one-week high against the dollar on Thursday after the euro zone's two biggest economies posted surprise returns to growth in the second quarter, helping drag the dollar lower.
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European data drives world stocks to 10-mth high

World stocks hit 10-month highs for a second day running on Friday after euro zone growth data in the previous session and positive earnings from the world's largest retailer also boosted sentiment.
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Japan shares hit 10-month peak on eurozone data

Japanese stocks ended at a 10-month high on Friday after upbeat eurozone growth data and positive earnings from the world's largest retailer helped offset gloomy U.S. retail and jobs data, factors which pulled down the dollar.
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Deadline for U.S. broadband grants, loans extended

The deadline for online applications for the first round of the U.S. government's $7.2 billion program to provide broadband access to all Americans was extended to August 20 from August 14 because of technical problems caused by the high number of applicants.
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More U.S. home sellers cutting prices: survey

One in four U.S. homes for sale on August 1 had their prices marked down at least once since landing on the market, data compiled by real estate website Trulia.com showed on Friday.
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Japan stocks at 10-month high after eurozone data

Japan's Nikkei share average rose to a 10-month high on Friday after upbeat eurozone growth data and positive earnings from the world's largest retailer helped offset gloomy U.S. retail and jobs data, factors which brought down the dollar.
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Bank of America ends arbitration of card disputes

Bank of America Corp , the largest U.S. bank, said on Thursday it is dropping a requirement that forces consumers with disputes on credit cards and other accounts into an arbitration process, which critics say favors card issuers.
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Deadline for US broadband grants, loans extended

The deadline for online applications for the first round of the U.S. government's $7.2 billion program to provide broadband access to all Americans was extended to August 20 from August 14 because of technical problems caused by the high number of applicants.
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Blackstone's Schwarzman tops U.S. CEO payroll: study

Taking his private equity firm public paid off big for Blackstone Group LP's Stephen Schwarzman, who became the top-paid chief executive in the United States last year, a title he is likely to retain for some time, according to an analysis released on Thursday.

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