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Caterpillar lifts Wall St., but caution curbs gains

Stocks rose on Tuesday as a solid profit from Caterpillar Inc eclipsed unease about the company's outlook for the current quarter, but the gains were limited as some investors paused following the recent earnings-fueled run-up.

Camel-milk chocolate goes on sale globally

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Dubai's Al Nassma, the world's first brand of chocolate made with camels' milk, plans to expand into new Arab markets, Europe, Japan and the United States, its general manager said on Tuesday.

CIT warns about bankruptcy, sees $1.5 billion loss

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CIT Group Inc said it may post a loss exceeding $1.5 billion for the second quarter and could file for bankruptcy protection if bondholders reject a debt restructuring, raising new fears that the lender to some 1 million businesses might fail.
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UAL, Continental plan cuts; Southwest sees weakness

United Airlines parent UAL Corp and Continental Airlines posted quarterly losses on sagging travel, and both carriers, like many other major U.S. companies, unveiled cost-cutting efforts for the second half of 2009.
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Obama: Health plan closer than ever but needs work

President Barack Obama said on Tuesday U.S. healthcare reform was closer than ever but there was still work to do as his top policy initiative, already rejected by Republicans, ran into trouble with his own Democrats.
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JPMorgan CEO Dimon makes $2.29 mln from options

JPMorgan Chase & Co Chief Executive Jamie Dimon made a $2.29 million pretax profit by exercising stock options and then selling most of the resulting shares of the second-largest U.S. bank.
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UnitedHealth shows diversity as profit beats views

UnitedHealth Group Inc posted stronger-than-expected second-quarter profit on Tuesday, helped by growth in the insurer's plans for elderly and low-income Americans and in its drug benefit business, and its shares rose 2 percent.
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Wall Street slides on caution, Bernanke testimony

U.S. stocks slid on Tuesday, retreating after initial, earnings-fueled gains were overshadowed by cautious comments on the economic outlook from company executives and Federal Reserve Chairman Ben Bernanke.
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Rural U.S. carriers unimpressed with Verizon offer

The Rural Cellular Association, whose members include about 100 small and medium-sized carriers, said on Tuesday it was encouraged by Verizon Wireless's offer to limit new exclusive handset deals but the offer was inadequate.
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The Singularity of Bermuda - Caribbean

We chose Bermuda with its British past and multicultural present for our honeymoon. Bermuda is a bit off the norm. You can't camp nor drive a car, but you can rent a motor scooter.
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Obama concedes health plan needs work

President Barack Obama said on Tuesday the healthcare overhaul plan working its way through the U.S. Congress needs more work amid signs his top policy initiative, already rejected by Republicans, was running into deeper trouble with his own Democrats.
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BlackRock profit, assets under management fall

Asset manager BlackRock Inc said second-quarter profit fell from a year earlier as assets under management declined, but results rebounded from the first quarter as markets recovered.
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Coke tops view despite currency hit, shares off

Coca-Cola Co's better-than-expected quarterly profit was not enough to please investors who looked for stocks with stronger growth potential on Tuesday, as weaker foreign currencies reduced Coke's gains in emerging markets.
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World's first camel-milk chocolates going global

Dubai's Al Nassma, the world's first brand of chocolate made with camels' milk, plans to expand into new Arab markets, Europe, Japan and the United States, its general manager said on Tuesday.
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Caterpillar net beats forecast; shares rise

U.S. machinery maker Caterpillar Inc posted stronger-than-expected second-quarter earnings and raised its full-year outlook, citing signs of global economic stability, sending its shares up as much as 13 percent.
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Wall St slides on economic outlook worries

U.S. stocks fell on Tuesday, retreating after initial earnings-fueled gains were overshadowed by cautious comments on the economic outlook from company executives and Federal Reserve Chairman Ben Bernanke.
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Wall St slide on economic outlook worries

U.S. stocks fell on Tuesday, retreating after initial earnings-fueled gains were overshadowed by cautious comments on the economic outlook from company executives and Federal Reserve Chairman Ben Bernanke.
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Wall St loses ground on Caterpillar comments

The Dow Jones industrial average dipped on Tuesday, while the Nasdaq and the S&P 500 added losses, after Caterpillar Inc , a major economic bellwether, said it expected a challenging third quarter.

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