MARKETS / FINANCE

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RIM replaces head of developer relations

The executive in charge of Research In Motion's developer relations has left the company, the latest in a string of departures this year as the BlackBerry maker trims its workforce.

U.S.-listed Chinese firms drop after news of DOJ probe

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Shares of U.S.-listed Chinese companies fell on Thursday after a top securities regulator said U.S. criminal authorities are investigating accounting irregularities at Chinese companies listed on U.S. stock exchanges.
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SEC concedes challenges in credit-rating probes

The Securities and Exchange Commission faces hurdles proving wrongdoing at credit-rating agencies, the agency's enforcement chief said, pointing to the complexity of the cases and the industry's strong legal defenses.
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Exclusive: SEC acknowledges challenges in credit-rating probes

The Securities and Exchange Commission faces hurdles proving wrongdoing at credit-rating agencies, the SEC's enforcement chief said in an interview shortly after it was learned that his office may sue Standard & Poor's for breaking securities laws.
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Brazil's $12 billion iPad deal is in trouble: sources

A much-hyped $12 billion plan for Taiwanese manufacturer Foxconn to produce iPads in Brazil is in doubt due to stagnant negotiations over tax breaks and Brazil's own deep structural problems such as a lack of skilled labor, government sources tell Reuters.
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Europe again steps back from brink in debt crisis

Following a now-familiar script, Europe again averted disaster in its debt crisis when German lawmakers rallied behind Chancellor Angela Merkel to approve a stronger euro zone bailout fund on Thursday.
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Wall St rises on economic data

Stocks rose on Thursday on stronger-than-expected economic data and German lawmakers' approval of new powers for the euro zone's crisis fund.
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Funds rebuild stocks in September

Investors are entering the fourth quarter with a slightly raised exposure to shares and holding high reserves of cash that could quickly be used to fuel a stock rally, Reuters polls showed on Thursday.
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Gold Prices Rise in Choppy Trading

Gold prices rose on Thursday in choppy trade, with strong physical demand and gains in the euro lending support, but investors remained cautious towards the precious metal after this month's intense volatility.
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August pending home sales fall 1.2 percent: NAR

Pending sales of existing homes fell in August to their lowest level in four months as Hurricane Irene held back sales in the Northeast, data from a real estate trade group showed on Thursday.
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Jobless claims fall, second-quarter GDP revised up

The number of Americans claiming new unemployment benefits fell to a five-month low last week, while the economy grew slightly more than previously reported in the second quarter, the latest suggestion a recession was not in the cards.
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Germany's Merkel survives crunch euro vote unscathed

Angela Merkel won her toughest challenge yet as German chancellor by pushing through changes to a rescue fund for the euro zone debt crisis on Thursday without the humiliation of relying on opposition support.

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