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GE revenue falls short

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General Electric Co said profit fell by almost half, on a deeper drop in revenue than Wall Street expected, as the slump that has gripped its finance and media businesses took hold of its heavy industrial units.

GE profit falls steeply

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General Electric Co said profit fell by almost half, on a deeper drop in revenue than Wall Street expected, as the slump that has gripped its finance and media businesses took hold of its heavy industrial units.
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GE profit falls 47 percent, revenue weak

General Electric Co said profit fell by almost half, on a deeper drop in revenue than Wall Street expected, as the slump that has gripped its finance and media businesses took hold of its heavy industrial units.
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Oil falls below $62 amid lingering pessimism

Oil fell below $62 a barrel on Friday amid lingering skepticism over the pace of a global economic recovery, but prices are on track to snap four straight weeks of decline to post a weekly gain.
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Yen advances; shares edge higher, cheer earnings

Asian shares extended gains on Friday on hopes the global recession is receding after key U.S. companies beat earnings expectations, but deadly blasts in Jakarta weighed on Indonesian stocks and the rupiah.
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Asia shares extend gains on earnings, oil slips

Most Asian shares extended gains on Friday as key U.S. earnings reports beat expectations, fueling hopes that the global recession is receding, but deadly explosions at two Jakarta hotels weighed on Indonesia stocks and the rupiah.
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Google quarterly results fail to excite

Google Inc's quarterly profit beat Wall Street expectations, but the weak economy and slump in advertising spending took a toll on revenue growth and the price of its search ads.
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Major U.S. exchange chief urges SEC-CFTC merger

The two main regulators of U.S. financial markets should merge, the chief executive of America's largest options exchange says in remarks to be delivered to a congressional panel on Friday.
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Congress gets pay bill as bank bonuses swell

With the smell of fat bonus checks again wafting down Wall Street, the Obama administration and Democrats in Congress on Thursday moved closer to a clampdown on U.S. corporate executive pay.
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Oil prices rise with Wall Street

U.S. oil prices rose on Thursday, tracking a late-day rebound on Wall Street and bolstered by a report showing strong economic growth in China, the world's second biggest consumer of energy.
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RHJ to cut 3,900 jobs at Opel in Germany - paper

Belgian financial investor RHJ wants Opel to break even in 2011 on an operating basis by closing the carmaker's Antwerp plant, idling production in Eisenach and cutting 3,900 jobs in Germany, a newspaper reported.
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Hong Kong's May goods exports down 13% despite price rise

Hong Kong saw the volume of total goods exports fall 12.6% and that of imports drop 16.2% year on year in May, the Census & Statistics Department said on Thursday, adding that the volume of goods re-exports fell 11.8% while that of domestic exports dived 35.5%.
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New Harry Potter movie sets world opening record

The latest Harry Potter movie cast a $104 million spell over worldwide box offices during its first day in theaters, setting a new record for the boy wizard, distributor Warner Bros Pictures said on Thursday.
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CIT bankruptcy fears grow, bondholders meet

CIT Group Inc stood on the brink of bankruptcy on Thursday after rescue talks with the government collapsed and the specialty lender's bondholders convened emergency talks among themselves.
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Daily Wrap Up for July 16 - Energy

U.S. Senate Committee on Environment and Public Works held a hearing Thursday about the impact on American jobs of the climate bill. U.S. stockpiles of natural gas rose 90 billion cubic feet on the week ended July 10.

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