UNITED STATES

Jobs data lifts Wall St at open

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Wall Street opened higher on Friday after the government reported fewer workers were laid off in July, providing fresh evidence of an economic recovery and the sustainability of a recent market run-up.
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AIG posts first profit in 7 quarters

American International Group Inc , the insurer that received about $180 billion of federal bailouts, posted its first profit in seven quarters and shares rose 9 percent.
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Futures lower ahead of jobs report

U.S. stock index futures were lower on Friday as investors braced for key monthly jobs data for clues on the direction of the economy and the sustainability of a recent run-up.
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RBS posts H1 loss, warns of tough years ahead

Royal Bank of Scotland reported more losses on Friday as investment banking profits failed to offset bad debts and the state-owned lender warned of more poor results to come before its own and the economy's recovery.
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Magna posts Q2 loss on weak auto market

Canadian auto parts company Magna International Inc , one of the two bidders vying to buy carmaker Opel from General Motors, on Friday reported a second quarter loss, hurt by steep declines in global auto production.
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Bridgestone posts Q2 loss but lifts outlook

Top Japanese tire maker Bridgestone tumbled to an operating loss in the second quarter, hit by the economic slump and a stronger yen, but raised its full-year outlook again after a surprise upgrade in June.
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RBS posts H1 loss, sees tough two years ahead

State-owned Royal Bank of Scotland posted a 1 billion-pound ($1.7 billion) net loss in the first-half on Thursday, as bad debts soared to 7.5 billion pounds, and warned of more poor results to come as its recovery would take time.
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Oil edges down ahead of U.S. July employment data

Oil edged down on Friday from a six-week high in the previous session, as markets awaited U.S. July employment data later on Friday, a major indicator of how well the U.S. economy is doing pulling out of recession.
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Asia stocks dip, Aussie dollar gets brief lift

Asian stocks dipped on Friday as investors grew cautious before a key U.S. jobs report, while the Australian dollar got only a brief lift despite signals from the central bank that interest rates could rise over time.
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Hacker attacks silence Twitter, slow Facebook

Twitter and Facebook suffered service problems from hacker attacks on Thursday, raising speculation about a coordinated campaign against the world's most popular online social networks.
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Squabbling Palestinian movement gets Saudi scolding

Reformists kept up pressure for leadership change in the dominant Palestinian party Fatah on Thursday, and Saudi Arabia said no Palestinian state could emerge unless such internal divisions were healed.
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Baidu beats Yahoo as world's No. 2 search engine

The Nasdaq-listed Chinese search engine Baidu Inc has topped Yahoo! to become the world's second most popular search engine in June, the US marketing research company ComScore released in its report this week.
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KPN confirms iBasis bid, says offer is fair

Dutch telecoms group KPN confirmed its offer of $1.55 per share for iBasis shares it does not yet own after iBasis repeatedly objected to the bid on Thursday because it was inadequate.
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Abu Dhabi company has big plans for North Sea

Abu Dhabi-owned energy company TAQA Bratani Ltd plans to boost North Sea oil and gas production by buying up mature oilfields and greatly increasing their efficiency, the head of the company's UK arm said on Thursday.
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Apparel chain stocks up on hopes for second half

Investors overlooked weak July sales results from some U.S. apparel chains and sent the shares of battered names such as Gap Inc , Limited Brands Inc and Zumiez Inc up on hopes of improvement later this year.

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