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Nikkei ends at 3-mth low on Wall Street

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Japan's Nikkei average dropped 2.36 percent to its lowest in nearly three months on Friday on a plunge in the U.S. market and a stronger yen, while this Sunday's parliamentary election kept the market in check.

Cadbury delays drinks sale amid market turmoil

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Britain's Cadbury Schweppes said on Friday it was extending the timetable for the sale of its North American drinks business due to the turbulence in debt markets, although it said buying interest was keen.
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Oil steady above $75

Oil steadied above $75 on Friday, supported by the fundamentals of energy supply and demand and shrugging off immediate worries over corporate borrowing costs and the U.S. economy that roiled stock markets.
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Target to sell only Blu-ray DVD players

Target plans to carry only Blu-ray high definition DVD players through the holiday shopping season, a move that boosts the Sony-backed technology and may deal a blow to rival HD-DVD.
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Texas leads list of dirtiest U.S. power plants

Texas has the most entries on a list of the dirtiest U.S. power plants, while New England and the Pacific Coast make less carbon dioxide because they have fewer coal-burning plants, an environmental group said on Thursday.
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Pilots blamed in Comair crash, controller cleared

Pilots of a Comair jet that crashed in Kentucky, killing 49 people, failed to recognize obvious signs they were on the wrong runway -- one that was too short for safe takeoff, U.S. investigators said on Thursday.
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Mexico to use huge drug cash haul for addict rehab

Mexico will use $206 million confiscated in what officials call the world's biggest drug cash seizure to fund programs for addicts and strengthen the justice system, the government said on Thursday.
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Senate panel OKs currency bill aimed at China

The Senate Finance Committee voted 20-1 on Thursday to give the U.S. government new tools to press China to raise the value of its currency, but the Bush administration said it opposed the bill.
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Gap names drug chain exec Murphy as CEO

Gap Inc. on Thursday named Glenn Murphy as its new chief executive and chairman, giving a respected former Canadian drug chain chief with no significant fashion industry experience the mandate to turn around the world's largest apparel retailer.
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FDA probing death in gene therapy trial

A patient who became ill following two experimental gene therapy injections for arthritis has died and U.S. health regulators are investigating the cause, officials said on Thursday.
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Sprint, Google in pact for WiMax mobile Web

Google Inc. has made its biggest move yet on the U.S. mobile Web market by signing a deal with Sprint Nextel Corp. that positions the Internet company to build services to run on Sprint's planned WiMAX high-speed wireless network.
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L.A. ports reach contract deal with clerks

Fourteen major shipping lines reached a tentative contract deal on Thursday with clerical workers for cargo terminals at Los Angeles and Long Beach, averting a threatened strike at the two busiest U.S. seaports.
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New home sales fall, durable goods orders weak

Sales of new U.S. homes dropped more than expected in June, while orders for long-lasting U.S.-made goods were weaker than analysts forecast, according to reports on Thursday that raised fresh concerns about the economy.
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Telecoms and Google Duke It Out

U.S. telecoms and Internet search leader Google are in an all-out air battle to shape the future of wireless communications on a soon to be available piece of airwaves real estate once television departs to go digital in 2009.
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Edwards proposes repeal of some Bush tax cuts

Democrat John Edwards said on Thursday if elected president he will try to rewrite the U.S. tax code, repealing tax breaks for wealthier Americans and funneling some of the money to low-income families.
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New kit to help Africa fight deadly food poison

Agricultural scientists unveiled a cheap kit on Thursday to let African farmers test crops for a deadly poison that makes them unfit to eat and costs the continent millions of dollars in lost exports.

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