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McDonald's predicts profit above expectations

McDonald's Corp on Friday forecast third-quarter earnings above Wall Street analysts' average estimate as September same-store sales rose 5.9 percent on strength in Asia. McDonald's has outperformed many other restaurant chains and retailers this year, with successful new products and extended restaurant hours.

Turkey's PM says U.S. relations in danger

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Prime Minister Tayyip Erdogan said on Friday relations between Turkey and the United States are in danger over a resolution branding as genocide massacres of Armenians by Ottoman Turks during World War One.

FDA chief visits China to talk import safety

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The head of the U.S. Food and Drug Administration, in China meeting with safety officials, said on Friday talks are progressing toward an agreement to boost the safety of food and drug imports.
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Venezuela's Chavez spends heavily to help allies

Police cars, helicopters, radio stations, health clinics and fertilizer -- the deep pockets of Venezuelan President Hugo Chavez benefit leftist allies and the poor from Bolivia to Nicaragua, but rankle opposition leaders.
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Citigroup shakes up management

Citigroup Inc, which last week forecast 60 percent declines in third-quarter earnings amid bad debt losses, said it was promoting Vikram Pandit to head banking, markets, and alternative investments, and that trading head Thomas Maheras was leaving.
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U.S. stocks decline, led by losses in technology shares

U.S. stocks fell on Thursday, led by a retreat in the technology heavy Nasdaq index after a report on Chinese search engine Baidu.com (NASDAQ: BIDU) predicted lower revenue for the firm, triggering a broader sell off in the Tech sector.
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Wheat Prices Hit Daily Max

Wheat surged the most in 5 weeks as investors bet the USDA would cut its estimate on worldwide supplies of grain on high demand and poor harvest.
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U.S. economy shows signs of resilience

The U.S. trade gap shrank in August on record exports and claims for jobless benefits fell last week, according to government data on Thursday that showed the economy retaining some vigor despite housing market ills.
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Oil Approaches Record Highs

Oil approached record highs on Thursday, surpassing $83 a barrel an unexpected decline in U.S. inventories stoked concerns about supplies in the world's top consumer ahead of winter.
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Gold hits 28-year peak

A sickly dollar and firming oil prices swept gold to 28-year highs on Thursday, while platinum was set in London at a record high of $1,407 per ounce, aided by rising bullion prices and worries over supply.
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Ford, UAW may reach deal fairly quickly: analysts

Ford Motor Co, considered the weakest of the three U.S.-based automakers, could agree on a new contract with the United Auto Workers union fairly quickly and without the strikes that marked negotiations with General Motors Corp and Chrysler LLC, analysts said on Thursday.
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Satellite helps small phone companies get into TV

Derrick Bulawa, who runs a small phone company in North Dakota, was getting worried as he began to lose some of his 6,000 subscribers to cable companies offering bundled TV, Internet and phone services.
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BP's revamp calls for simplifying, cutting costs

The chief executive of BP Plc on Thursday outlined a plan to address industry-lagging profitability by slashing management layers, adopting consistent procedures for developing oil and gas fields and reducing unacceptably high costs.
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Sprint's WiMax Dream in Question

Whoever becomes Sprint Nextel Corp's next CEO, one thing is clear: Wall Street expects the U.S. mobile service provider to scale back its ambitious plans for a next-generation WiMax high-speed network.
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Infosys profit up 18 pct, shares plunge on outlook

Infosys Technologies Ltd, India's No 2 software services exporter, said quarterly profit rose by nearly a fifth but its shares tumbled 7 percent on market concerns over the rapidly rising rupee and the risk of a U.S. downturn.
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Sony Financial rises 4 pct in market debut

Shares of Sony Financial Holdings Inc rose nearly 4 percent on their debut on Thursday, as a stock market rebound boosted demand for the financial firm that recently completed Japan's largest IPO this year.
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U.S. pushes South Korea to open beef market

U.S. farm officials pressed South Korea at talks in Seoul on Thursday to open its market fully to American beef and resolve a long-standing dispute between the two nations that has also threatened a separate free-trade deal.
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Turkish PM to ask approval for Iraq incursion

Turkish PM to ask approval for Iraq iTurkey's prime minister will ask parliament next week to authorize a military push into north Iraq to fight Kurdish rebels amid Turkish anger on Thursday at a U.S. vote branding Ottoman Turk killings of Armenians genocide.

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