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Toyota eyes the plug-in Prius

Toyota Motor Corp on Friday detailed plans to study U.S. consumer demand for a version of its hot-selling Prius hybrid that could be recharged at a standard outlet and run on electric power only.

Retail sales and data may trip up stocks

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Any new signs that the economy continues to decelerate could make it hard for stocks to regain their footing in the coming days after last week's bruising sell-off and a drop in consumer sentiment to a two-year low.

Oil falls as OPEC mulls raising output

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Oil fell more than $1 on Monday, reversing the previous session's rally, after OPEC kingpin Saudi Arabia said the cartel would discuss boosting oil output at an upcoming meeting to cool surging oil prices.
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Nikkei wipes out 2007 gains

Asian stocks sank on Monday with Tokyo's Nikkei hitting its lowest level in about 15 months as investors dumped Japanese exporters on the back of a surge in the yen to an 18-month high versus the dollar.
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Musharraf plans for Pakistan election

Pakistan's President Pervez Musharraf said on Sunday a general election would be held by Jan. 9 but under a state of emergency he imposed eight days ago.
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Citigroup strong despite ratings downgrades: CEO

A downgrade of Citigroup Inc's nearly pristine credit ratings will not impede its thriving business, new acting Chief Executive Win Bischoff wrote in an internal memo to employees sent on Saturday.
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Tesco debuts in L.A. with sleek look, fresh meals

British grocer Tesco made its U.S. debut on Wednesday by throwing open the doors of a sleek, modern Los Angeles store stocked with a larger helping of fresh, ready-to-eat meals than at traditional supermarkets.
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Visa files for $10 billion IPO

Visa Inc, the world's largest credit card network, filed with regulators on Friday to raise up to $10 billion in an initial public offering, in one of the largest and most eagerly awaited U.S. stock offerings. Visa announced the offering two days after agreeing to pay $2.1 billion to settle a three-year-old antitrust lawsuit with rival American Express Co.
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Wachovia, Capital One, E*Trade warn on credit

The credit crisis deepened on Friday as Wachovia Corp reported a potential $1.7 billion loss on mortgage-related debt, while credit card company Capital One Financial Corp said more customers are missing payments.
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NTIA's Kneuer Quits Bush Administration

The head of the agency charged with ensuring smooth transition of the television industry into digital broadcasting quit the Bush administration late Friday.
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Wall Street sinks for third day

Stocks fell for a third session on Friday after a disappointing outlook from Qualcomm Inc triggered more weakness in technology shares and helped send the Nasdaq down to its biggest weekly point loss since the September 11, 2001, attacks. The wireless technology developer late Thursday forecast 2008 earnings and revenue below analysts' expectations, a day after Cisco Systems Inc warned about demand from its customers in the banking sector.
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Pakistan's Bhutto released from house arrest

Pakistani opposition leader Benazir Bhutto was freed from house arrest late on Friday, hours after she was stopped from leaving her Islamabad home to lead a rally against the president's imposition of emergency rule.
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Gold moves higher on dollar's slump

Gold gained on Friday, with investors keen to drive the metal to a record high of $850 an ounce as the dollar tumbled to an all-time low and oil rallied.
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Wall St. hit by tech, credit jitters

Stocks fell on Friday, hit by a drop in technology shares, including Microsoft Corp, on concern about the profit outlook, while news of more credit losses dragged on financial services companies.
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Oil rises above $96, weak dollar supports

Oil rose above $96 on Friday, supported by a weak dollar, but gains were limited by concerns over the U.S. economy after another bank warned of large credit losses.
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Risk aversion pummels dollar

The dollar fell to 1-1/2 year lows versus the yen on Friday as fears of wider credit-related losses at U.S. financial institutions had investors dumping risky assets and anticipating more Federal Reserve rate cuts.
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CIBC to write down C$463 mln of U.S. mortgage debt

Canadian Imperial Bank of Commerce said on Friday it will take a fourth-quarter writedown of C$463 million ($493 million) before tax on various securities tied to the U.S. mortgage market, and analysts said they would not be surprised to see further writedowns.
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Morgan Stanley CEO Mack taps Cruz as successor

Morgan Stanley Chairman and Chief Executive John Mack has tapped co-President Zoe Cruz, a long-time lieutenant who oversees trading and banking, as the leading candidate to succeed him, a person familiar with the situation said on Friday.
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Fannie Mae 3rd-quarter loss widens to $1.52 bln

Fannie Mae posted a third-quarter net loss that was double its loss from a year earlier because of slumping home prices and the squeeze in credit markets that drove values of mortgage securities lower.
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Japan stocks hit nearly 3-month closing low on Mizuho

Japanese stocks ended at a nearly three-month closing low on Friday after a wave of late selling on a report that Mizuho Securities, the unlisted brokerage arm of Mizuho Financial Group, may post a subprime-related loss of over 100 billion yen and delay a merger.
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Japan generic drug maker shares soar on govt proposal

Japan's Health Ministry, eager to trim swelling health-care costs, proposed changes to prescription forms on Friday in a bid to boost the use of cheaper generic drugs, sending shares in the nation's generic drug makers soaring.
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Consumer sentiment tumbles

Consumer sentiment posted a surprisingly sharp fall in early November, hitting its lowest in two years as high energy costs and falling home prices pummeled confidence, a survey released on Friday showed. The bleak sentiment could also be complicated by a spike in price expectations, which may make an inflation-wary Federal Reserve less likely to cut interest rates to shore up the consumer-driven economy.
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Ratatouille, Bee Movie make Oscar shortlist

The Academy of Motion Picture Arts and Sciences said on Thursday that 12 films would be eligible to compete for the best animated feature Oscar next year, including such crowd-pleasers as Ratatouille, Shrek the Third and Bee Movie.

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