UNITED STATES

U.S. stocks open mixed after jobless report

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U.S. stocks opened mixed on Friday after a report that the U.S. unemployment rate climbed in December and that the jobs lost total in 2008 was the most since the end of World War II.

Israel, Hamas Keep Fighting Despite U.N. Ceasefire Vote

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Israel and Palestinian militant group Hamas continued to fight for a second week in the Gaza Strip on Friday despite a call by the U.N. Security Council resolution to stop. The Israeli air force bombarded Gaza while Hamas attacked with rockets.
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Text of Barack Obama's economic speech

Text of President-elect Barack Obama's speech on the economy on Thursday at George Mason University in Fairfax, Va., as found on Barak Obama's presidential transition website.
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NAACP Image Awards nods led by Beyonce, Hudson and Keys

NACCP Image Awards, created by the oldest US civil rights organization, named singers Beyonce, Alicia Keys and Jennifer Hudson, along with cast of TV comedy Tyler Perry's House of Payne as some of the top nominees on Wednesday.
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Market shocked by Satyam fraud admission

Mumbai - The market reacted with shock, Wednesday, after the promoters of beleaguered technology outsourcer Satyam Computer Services admitted to cooking up its books to the tune of $ 1 billion.
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Wal-Mart predicts lower profit due to economic crisis

Wal-Mart Inc., the world's top retail chain, said on Thursday its fourth-quarter profit will miss earlier forecasts due to slower sales, the impact of a strong dollar on its international business and litigation costs.
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Sony goes thin with new 8-inch notebook

Sony unveiled the VAIO P Series Lifestyle PC, boasting that it is the world's lightest notebook with an 8-inch screen and weighing just 1.4 pounds at the Consumer Electronics Show in Las Vegas Wednesday.
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Retailers announce dismal December sales

Major retailers reported dismal monthly sales for December on Thursday, with Wal-Mart Inc, the nation's biggest retailer, showing a disappointing 1.7 percent rise in December sales at its US stores open at least a year and cut its quarterly earnings outlook.
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Bank of England cuts interest rates to lowest ever

The Bank of England cut interest rates by half a percentage point to 1.5 percent on Thursday - its lowest rate since the bank was created in 1694 - as it aims to stave it off a deeper economic slump.
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Obama: Dramatic action is needed for economy

President-elect Barack Obama is warning that without bold action the nation's recession could linger for years as seeks support among lawmakers and the general public for a massive fiscal stimulus package.
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OzForex Daily Commentary - 08/01/2009

Australian Dollar: The Australian Dollar opens sharply lower this morning at US71 cents. The Aussie moved to an overnight high of 0.7268 during European trade, however
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Mayweather vs. Pacquiao to be the Hottest Boxing Match 2009

Many boxing analysts believe that the one who can realistically sell a million PPVs in the U.S., maybe even 1.25-million like Pacquiao-De La Hoya did in their Dream Match fight, is Mayweather vs. Pacquiao for the undisputed pound-for-pound crown.
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Obama nominates Nancy Killefer as CPO

President-elect Barack Obama has chosen Nancy Killefer, a director at McKinsey & Company and a former assistant secretary of the treasury in the Bill Clinton administration, to serve as the country's chief performance officer.

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