MARKETS / FINANCE

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Exclusive: CFTC has votes to pass position limits

The head of the U.S. futures regulator has the support he needs to pass a long-awaited rule that would curb excessive speculation in commodity markets, a source with knowledge of the agency's rule-making told Reuters on Tuesday.

Verizon denies Clearwire talks, eyes LTE devices

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The chief executive of Verizon Wireless denied on Tuesday the No. 1 U.S. mobile service is talking with Clearwire Corp about the possibility of using the smaller operator's wireless airwaves in high-demand areas.
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Alcoa profit hurt by slowdown, recession fears

Alcoa Inc , the largest U.S. aluminum producer, said an economic slowdown hurt demand and knocked prices for the metal lower, denting its third-quarter profit and sending its shares down in after-hours trading.
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Social games maker Zynga expands lineup

Social games company Zynga is releasing 10 new products including a bingo game and a lineup of casino-themed games, its chief executive Mark Pincus said on Tuesday.
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Mortgage bankers grapple with consumer outrage

U.S. mortgage bankers attending an industry conference in Chicago this week received something they did not originally bargain for -- a heavy dose of the consumer anger against the financial system that has boiled into protest rallies across the country.
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U.S. reveals Volcker rule's murky ban on Wall St bets

U.S. regulators unveiled a ban on Wall Street banks' trading for their own profit, but the long-awaited Volcker rule proposal was so complex that banks blasted it as unworkable and consumer groups dismissed it as too weak.
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Wall Street holds steady, ready for earnings

U.S. stocks took a breather on Tuesday after the best five days for the S&P 500 in more than two years as investors look to earnings for a reason to extend the market's rebound.
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Alcoa Q3 profit up, but sees slower growth

Alcoa Inc , the largest U.S. aluminum producer, said third-quarter profit jumped from a year ago, but earnings and revenue slipped from the second quarter as economic growth slowed from the first half of this year.
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Hedge fund assets back above 2006 levels - data

Global hedge fund assets rose 6.7 percent to $2.16 trillion in the first half of the year as investors backed the bigger, established managers to steer them through volatile markets, data showed on Tuesday.
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Regulators releases Volcker rule limits on Wall St. bets

Regulators on Tuesday released for public comment the Volcker rule proposal that will restrict Wall Street's ability to trade for its own profit, setting off what is expected to be a fierce lobbying campaign to weaken the crackdown.
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Lenders give lukewarm approval to Greek aid tranche

EU, IMF and ECB inspectors gave tepid approval for a vital aid tranche to Greece on Tuesday, saying that despite some fiscal progress Athens was lagging on privatizations and structural reforms needed to exit its debt crisis.
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Gold Production from Alacer Gold Rises 9%

Gold production from Alacer Gold Corp., which recently merged with two other gold mining companies, advanced in the third quarter and was on target to hit the company's 400,000 ounce target, the company said Tuesday.
Detroit Lions

5 Reasons Why the Detroit Lions are 5-0

The Detroit Lions are 5-0 for the first time since 1956 and have seemingly taken the entire nation by storm. The team bandwagon is filling up, the city of Detroit has more hope in its sports teams in generations, and finally the Lions are looking like viable Super Bowl contenders.
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Exclusive: Europe hits banks with tougher capital test

Europe's banks will have to achieve a significantly stronger capital position under a quick-fire regulatory health check and may need to raise some 100 billion euros ($137 billion), banking and regulatory sources said on Tuesday.
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Greece to get loan, Trichet says crisis systemic

Greece should receive a vital lifeline next month in order to avoid bankruptcy, its international lenders said on Tuesday, buying time for a broader EU response to a debt crisis that Europe's top central banker labeled systemic.
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Goldman Sachs may post Q3 loss: Citi

Goldman Sachs Group Inc will likely record a loss in the third quarter, only the second quarterly loss in the Wall Street titan's history, hurt by weakness across trading and investment banking, equity market declines and wider credit spreads during the period, Citigroup said.
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Regulators release Volcker rule limits on Wall St. bets

Regulators on Tuesday released for public comment the Volcker rule proposal that will restrict Wall Street's ability to trade for its own profit, setting off what is expected to be a fierce lobbying campaign to weaken the crackdown.

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