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American Airlines Scraps 900 More Flights

American Airlines scrapped another 900 flights from take off on Thursday, pushing the total to 2,400 of canceled flights this week, as it continues to fix faulty wiring in hundreds of jets.

China Likely to Outpace US by 2025

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World's largest tax advisory, audit and consultancy services provider, PricewaterhouseCoopers (PwC) has suggested that the emerging markets like India and China is fast becoming the hub of global economic activity with China likely to outpace the US by 2025.
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iPhone Leads Nokia as Mobile Web Browser

The iPhone with its Wi-Fi only variant and the iPod Touch is currently the most used mobile browser for Internet access in the U.S. followed by the Symbian Operating System used in Nokia devices, according to a report from Irish researcher StatCounter.
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Toyota Recalls Over Million Cars in US, Japan

Toyota Motor Corp said Wednesday it will recall about 539,500 Corolla and Matrix vehicles sold in the U.S. from defects in window glass, while nearly 630,000 minivans will be recalled in Japan.
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US Crude Oil supplies down by 3.2 million barrels

Crude oil supplies were down 3.2 million barrels last week to 316.0 million barrels. 600,000 barrels of crude were also added to the Strategic Petroleum Reserve.The USDA's estimate for 2007 2008 U...
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This Week in Petroleum - Apr 9

Where Have All the Drivers Gone? Does it seem like there are fewer cars on the highway this year? The recent trend in motor gasoline consumption would appear to indicate so. Gasoline consumpti...
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Gold Gains on Crude Oil Record

Gold futures gained 2 percent on Wednesday as crude oil soared to a new record while a weaker U.S. dollar boosted investors demand for the precious metal.
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U.S. Stocks Tumble

U.S. stocks dropped for a second day on Wednesday after United Parcel Service Inc. said shipments are slowing and crude oil topped $111 a barrel raising concerns about the economy.
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Entertainment Rights Profit jump 45pct

Entertainment Rights Plc, owner of the rights to Postman Pat and Basil Brush has reported a booming year with annual profits for 2007 up 45 per cent to £12.6 million.
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Citigroup Rises on $12 Billion Loan Sale Reports

Shares of Citigroup rose in early trading on Monday after reports yesterday said the largest U.S. bank by assets was close to selling about $12 billion in leveraged loans and bonds to a group of private equity companies.
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Japan Stocks Dropped On Profit-Taking

Japan stocks dropped Tuesday as investors began to raise fears about global economy and situation of Beijing Olympic. Also some investors sold stocks for profit-taking before earnings season. Many investors expect results of Japan and U.S. companies' quarterly earnings will not be so profitable.
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Konica Minolta Buys Danka Imaging for $240mln

Konica Minolta Business Solutions USA Inc., a unit of Tokyo-based Konica Minolta Holdings Inc., said Tuesday it has agreed to buy a subsidiary of Danka Business Systems PLC, in a deal valued at $240 million.
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Gold sale season IMF to sell 14 million ounces

By Jon A. Nones SEATTLE (ResourceInvestor.com) The Executive Board of the International Monetary Fund has endorsed a new package of measures to shore up finances, which includes the previo...
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Apple Falls on Downgrade

Apple saw its shares fell on Tuesday as one Wall Street analyst called investors to sell their shares of the popular electronics maker.
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Dollar Flat Against the Euro after Fed Minutes

The dollar was flat against the euro in late trading on Tuesday after a slight decline earlier in the session following the released minutes from the Federal Reserve's policy meeting last month.

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