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US Stocks Mixed on Fed Outlook

US stocks were nearly flat on Monday after dropping earlier following comments by Eric Rosengren, the Federal Reserve Bank of Boston President, said the economy's expansion will slow down.

A cocky India enjoys global economic limelight

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Record stock highs and economic growth. Takeovers of European firms. Even cricket world trophies. This year, perhaps more than ever, India has bulged with self-confidence -- some say dangerous cockiness -- that underscores how executives, politicians and the middle-classes feel the global economic juggernaut is unstoppable.

Paulson outlines mortgage-aid plan

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State and local governments should be permitted to issue tax-exempt bonds that would fund programs to prevent foreclosures, Treasury Secretary Henry Paulson said on Monday. Under the plan, state and local governments could temporarily broaden their tax-free exempt bond programs to include mortgage refinancing, Paulson said.
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MetLife sees higher 4th-quarter

MetLife Inc, the largest U.S. life insurer, said on Monday it expects operating profit to increase for the fourth quarter and full year, helped by unusually strong investment results.
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Blog site that is popular in Russia is sold

LiveJournal, the personal Web publishing service that jump-started blogging in Russia, has been sold by its U.S. owner to a Russian business partner, which will operate it independently, the companies said on Sunday.
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Profitable but pelted, Toyota shares due for rebound

Shares in Toyota Motor Corp have been battered this year, lagging both global auto peers and a weak Japanese stock market, but analysts are near unanimous that the world's most profitable carmaker is due for a bounce.
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Chavez loses president-for-life vote

President Hugo Chavez crashed to an unprecedented vote defeat on Monday as Venezuelans rejected his bid to run for reelection indefinitely and accelerate his socialist revolution in the OPEC nation.
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Subprime plan could lift stocks

Wall Street's rebound from its first full-fledged correction in more than four years could continue this week if investors believe a plan to keep millions of Americans from losing their homes can work.
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Oil rebounds from worst week ever

Oil bounced back above $89 a barrel on Monday as traders bet last week's nearly $10 selloff was overdone, and might turn the tides against an expected increase in OPEC output when the cartel meets later this week.
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Asian markets mostly higher as banks rise

Asian stock markets mostly rose on Monday as financial shares extended gains on hopes of further U.S. interest rate cuts, but some technology stocks eased after Dell Inc's disappointing outlook.
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OPEC to weigh modest oil supply boost

OPEC will weigh a modest boost to oil supply at a meeting on Wednesday, but a $10 retreat last week in crude prices from a record high near $100 a barrel could tip the balance away from pumping more.
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Chavez leads tight vote, say officials

Venezuelan President Hugo Chavez appeared headed for a narrow win on Sunday in a referendum on scrapping term limits on his rule, government officials said, but opposition leaders said the vote was too close to call.
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China denies U.S. Navy entry to Hong Kong

Washington said alleged that China turned down the request from U.S. Navy ship to visit Hong Kong on the last minute, blocking the Navy by the Kitty Hawk as well as accompanying U.S. ships away from Hong Kong territory during the Thanksgiving holiday.
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Dow, S&P 500 gain on housing plan as Nasdaq dips

The Dow and S&P 500 rose on Friday, capping a dismal November with a four-day rally, as financial stocks rallied on optimism over a proposed rescue for struggling homeowners and on heightened expectations for more interest-rate cuts.
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AT&T CEO Spills Beans on Faster Apple iPhone

Apple will unveil a faster iPhone with 3G cell phone technology in 2008, AT&T's CEO said, a move that would give users a better browsing experience but would not be available in time for holiday shoppers.
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Consumer spending flags, construction plummets

Consumer spending inched up by an unexpectedly small 0.2 percent last month and construction spending tumbled, according to reports on Friday that heightened concerns on the health of the economy.

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