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Turk army gets green light to hit rebels in N.Iraq

Turkey's prime minister said on Friday his cabinet had authorized the armed forces to conduct a cross-border operation against Kurdish PKK rebels in northern Iraq, but analysts said major action did not appear imminent.

Dollar Rallies Against Major Currencies

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The dollar rallied against major currencies on Thursday after the Federal Reserve Bank’s chief indicated he was open to further rate cuts to combat a downturn in the U.S. economy.
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Market rallies on subprime aid plan

Stocks rose on Friday on a report the U.S. Treasury will soon unveil a plan to help stem the subprime mortgage crisis and on comments by Fed chief Ben Bernanke that added to expectations of an interest-rate cut.
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Google to bid on mobile airwaves: report

Google Inc was set to announce on Friday it will bid on coveted airwaves to launch a U.S. wireless network, the Wall Street Journal reported on Thursday, citing sources familiar with the matter.
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Homebuilder CEOs outearn other chiefs: study

CEO pay in the hard-hit U.S. home-building sector is high compared with most other industries, and a big chunk of the compensation is from annual bonuses that aren't tied to long-term performance, a new study has found.
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Colombia shows proof FARC hostages alive

The Colombian government broadcast videos on Friday of kidnapped politician Ingrid Betancourt and three Americans in the first proof since 2003 that the high-profile rebel hostages were still alive.
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Media CEOs are Facebook, BlackBerry users

Facebook is good for keeping up with high-flying buddies, MySpace is for teenage offspring and the BlackBerry is a full-time addiction, according to top media executives who were quizzed on their personal media habits at this week's Reuters Media Summit.
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Stocks extend bounce; yen down after Bernanke

European stocks opened at a two-week high on Friday while the yen slipped, as expectations grew of U.S. interest rate cuts that could stem the slowdown in the world's largest economy.
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Oil falls to 1-month low below $89

Oil tumbled more than $2 to a one-month low below $89 a barrel on Friday as attention returned to next week's OPEC meeting that is expected to boost output.
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Improving risk sentiment knocks yen

The yen fell broadly on Friday and high-yielders gained after comments by Federal Reserve Chairman Ben Bernanke cemented expectations of easier monetary policy, which may help the U.S. economy to avoid a recession.
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Google ready to bid on mobile airwaves

Google Inc was set to announce on Friday it will bid on coveted airwaves to launch a U.S. wireless network, the Wall Street Journal reported on Thursday, citing sources familiar with the matter.
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Congressman Henry J. Hyde Dies at 83

A happy, extroverted man with a commanding presence and an unfailing gift of gab, Henry J. Hyde spent three decades in the thick of some of Capitol Hill's biggest fights.
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Morgan Stanley President, Zoe, Resigns

Morgan Stanley Co-President Zoe Cruz is retiring as the subprime mortgage crisis ends a 25-year tenure for a woman who had been seen as the front-runner to succeed Chief Executive John Mack.
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Sprint declines investment bid: Report

Sprint Nextel Corp.(NYSE:S), which is currently in need of a new chief executive, refused a $5 million investment bid that would have installed the former chairman as CEO, according to a report released Thursday.
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Feds Apprehend Cybercrime Kingpin

Police in New Zeland are questioning an 18-year-old suspected of being part of an international team of cyber hackers that infected and disabled more than 1.3 million computers in the U.S. and the Netherlands last year.
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Morgan Stanley's Zoe Cruz Steps Down

Morgan Stanley Co-President Zoe Cruz is retiring as the subprime mortgage crisis ends a 25-year tenure for a woman who had been seen as the front-runner to succeed Chief Executive John Mack.
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Bernanke says financial strains dimming outlook

Federal Reserve Chairman Ben Bernanke said on Thursday a resurgence in financial strains in recent weeks had dimmed the outlook for the U.S. economy, signaling an openness to lowering interest rates again. He said the Fed will have to remain exceptionally alert and flexible.
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Dell profit rises, cautious outlook

Dell Inc the world's second-largest personal computer maker, posted a rise in quarterly profit on Thursday but gave a cautious outlook, and its shares dropped nearly 7 percent. Net income for Dell's fiscal third quarter grew to $766 million, or 34 cents per share, from $601 million, or 27 cents per share, a year earlier, as the company sold more laptops and component prices fell. Revenue in the quarter ended November 2 rose to $15.65 billion from $14.42 billion.
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Treasury, bill yields decline

Treasuries and three-month bill yields dropped to less than 3 percent amid great concerns over banks’ willingness to lend that led investors to relative safety of U.S. government debt.
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Soft home sales, prices cast economic gloom

Soft sales and plunging prices for new homes together with a surge in claims for new jobless benefits highlighted a slide in U.S. economic activity that forced the Bush administration on Thursday to scale back its estimate for growth in 2008.
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E*Trade gets $2.55 billion Citadel cash infusion

E*Trade Financial Corp is getting a $2.55 billion cash infusion from investors led by Citadel Investment Group, which is also buying the mortgage-related securities portfolio that has been the primary source of the discount brokerage's recent woes. The bail-out by Chicago-based Citadel will give the alternative fund manager about 18 percent ownership of E*Trade and a seat on the board, E*Trade said on Thursday.

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