MARKETS / FINANCE

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Amazon tablet costs $209.63 to make, IHS estimates

Amazon.com Inc's new tablet computer costs $209.63 to make, IHS iSuppli estimated on Friday, but will sell for $199, highlighting how the e-commerce company is taking a financial hit upfront to get the device into as many hands as possible.

Kodak shares plummet on restructuring fears

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Eastman Kodak Co shares lost two-thirds of their value on Friday as the company hired a restructuring advisory firm, triggering speculation that the photography pioneer was about to file for bankruptcy.
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Sarkozy to meet Merkel in coming days on Greece

French President Nicolas Sarkozy said on Friday he would meet German Chancellor Angela Merkel in the coming days in Germany to discuss Greece's debt troubles, calling support for Greece a moral obligation for Europe.
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Mark Cuban charges versus SEC unfounded: SEC watchdog

The U.S. Securities and Exchange Commission's inspector general has concluded that Mark Cuban, the billionaire owner of the Dallas Mavericks basketball team, was not targeted inappropriately by agency staff in its insider trading probe against him.
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Wall Street on track for worst quarter in 3 years

Stocks were on course for their worst quarter in three years on Friday as economic data from China and Europe fueled fears of a global economic slowdown while Morgan Stanley plummeted on concerns about its exposure to European banks.
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Gold Prices Hover in $35 Range

Gold prices hovered in a $35 range Friday, virtually spending the day unchanged, as investors fleeing sinking U.S. and European stocks divided their options between the greenback and the yellow metal.
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Wall Street slides on slowdown fears

Stocks fell on Friday as economic data from China and Europe fueled fears of a global economic slowdown while Morgan Stanley plummeted due fears about its exposure to European banks.
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Internet firms co-opted for surveillance: experts

Internet companies such as Google, Twitter and Facebook are increasingly co-opted for surveillance work as the information they gather proves irresistible to law enforcement agencies, Web experts said this week.
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Central Banks' Gold Buying Helps Lift Gold Prices

Central banks' gold buying is lifting the price of the precious metal in a trend that analysts expect to continue even if widespread predictions of a price rise to $2,000 by year-end comes true.
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Consumer mood improves but worries persist

Consumer sentiment improved in late September but worries persisted about jobs and finances which could curb household spending in the coming months, a private survey released on Friday showed.
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Ingersoll Rand cuts profit view, shares tumble

Ingersoll Rand Plc cut its profit forecast for the rest of the year on Friday, blaming weak demand in North America for residential heating and cooling systems and commercial security products.
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Buffett says Berkshire has begun share buybacks

Warren Buffett's conglomerate Berkshire Hathaway Inc has begun its share buybacks, Buffett said on Friday, but the repurchases will not stop the company from also making acquisitions or spending on infrastructure for its portfolio of companies.
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China's inflation fight remains top priority

China will keep monetary conditions tight in its effort to rein in stubborn inflation, the country's central bank said on Friday, adding that containing domestic price pressures remains its priority.
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Ingersoll Rand cuts Q3, FY forecast on weak demand

Industrial conglomerate Ingersoll Rand Plc cut its third-quarter and full-year earnings forecast to below market estimates, due to weak demand at its key North American residential and commercial security markets.
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Weak income curbs consumer spending

Incomes fell for the first time in nearly two years in August and consumers dug into their savings to keep spending, according to a government report that showed the impact of the weak jobs market.
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Three steps to avoid a global depression: Soros

Policymakers have lost control of the economic crisis and financial markets are forcing the world into a depression, George Soros said on Friday, urging Europe to create a common Treasury, recapitalize its banks and protect vulnerable states.
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SGX, LSE tying up for London Metal Exchange bid: source

The Singapore Exchange Ltd is tying up with London's main bourse to make a joint bid for the London Metal Exchange, a source told Reuters on Friday, as the world's largest metal market seeks a suitor in a deal that could be worth 1 billion pounds ($1.57 billion).

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