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Motorola sees R&D expense cut for mobile

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Motorola Inc. is aiming to cut its quarterly research and development expenses for mobile devices 15 percent to help it return to profitability, the head of the company's handset business said on Friday.
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Jobs fall latest signal for weak retail holiday

A surprise decline in payrolls in August could frighten already jittery consumers into shutting their wallets tight, a move that could push sales down to recession levels during the key holiday shopping season.
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Harley-Davidson cuts profit outlook; shares fall

Motorcycle manufacturer Harley-Davidson Inc said on Friday that 2007 earnings would come in 4 percent to 6 percent lower than last year because of tough times for U.S. consumers, sending its shares down 7 percent.
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Leap Wireless CFO resigns amid MetroPCS bid review

Leap Wireless International Inc said on Friday that its chief financial officer had resigned as the company continues to review an unsolicited takeover bid from MetroPCS Communications Inc for about $5.4 billion in stock.
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Beazer's notes trustee claims company in default

Home builder Beazer Homes USA Inc said on Friday it received purported default notices related to some senior notes from the bank that serves as trustee for the notes, sending shares down as much as 15 percent.
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Advantage's Tokyo Star buyout moves forward: sources

Advantage Partners is closer to winning regulator's approval for its $2.5 billion acquisition of regional lender Tokyo Star Bank Ltd after several breakthroughs in recent weeks, according to sources familiar with the matter.
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Delphi settles with GM, to file reorganization plan

Auto parts maker Delphi Corp said it would file a reorganization plan on Thursday that lays out a definitive agreement with former parent General Motors Corp and a path to exiting bankruptcy by the end of the year.
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Dollar at 1-month low

The dollar fell to a one-month low on Thursday as rising mortgage delinquencies and ongoing credit concerns stoked fear of slower U.S. economic growth ahead of a keenly awaited employment report.
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Oil up on U.S. stock draw

Oil rose slightly on Thursday as profit-taking cut into an earlier rally driven by rising tensions between Syria and Israel and a drop in U.S. inventories.
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Bonds dip as rate cut hopes stymied

U.S. stocks and Treasury bond prices fell on Thursday after a stronger-than-expected reading of the U.S. services sector and a lower jobless claims number suggested the U.S. economy may not warrant a Federal Reserve interest-rate cut.
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ECB buys time on rate rise as markets churn

European Central Bank kept options open on a future rate move on Thursday, stressing his anti-inflation commitment but saying volatile markets meant the ECB needed more time to think.
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APEC moves to secure food safety, not aimed at China

Chinese President Hu Jintao said on Thursday that Beijing took product safety very seriously, as Asia Pacific ministers agreed to set up a food safety taskforce to ensure the health and safety of the region's population.
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APEC rift opens over climate change debate

Leaders at an Asia-Pacific summit appeared deadlocked on Thursday over what their Sydney Declaration on climate change and cutting greenhouse gas emissions should say.
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Citi's Rhodes sees credit woes taking economy toll

Turmoil in the credit markets will take a toll on the U.S. economy but the full impact will not be clear for another two or three months, William Rhodes, senior vice chairman of Citigroup Inc, said on Thursday.
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Seven Citigroup vehicles say portfolios strong

Seven investment vehicles run by Citigroup controlling roughly $100 billion of assets said on Thursday the credit quality of their portfolios remained very strong and they had succeeded in funding themselves in August.
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EU questions Google customers over DoubleClick

The European Commission has taken the unusual step of sending questionnaires to Google customers before the company officially seeks permission to take over a rival, two business sources familiar with the situation said on Thursday.
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On-demand video box rolls out with 5,000 movies

Movie-on-demand service Vudu, which launched on Wednesday, aims to lure customers from video rental shops and digital cable television with over 5,000 movies from major and independent studios ready to download.
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U.S. Retailers get back-to-school boost in August

Major retailers, led by discounters Wal-Mart Stores and Target Corp, turned in better-than-expected August sales on Thursday, as consumers went back-to-school shopping despite higher gas prices and the nation's housing meltdown.

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