MARKETS / FINANCE

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Jobless claims, future gauge of economy rise

A bigger-than-expected rise in U.S. workers filing new claims for jobless aid last week underscored how fragile the labor market remains even as a measure of economic prospects hit a two-year high last month.

U.S. slashes pay at bailed-out firms

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The U.S. pay czar on Thursday slashed cash compensation for the top earners at seven companies that received massive taxpayer bailouts, while allowing for some increases to retain key talent.
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Washington Mutual argues JPMorgan owes it $4 billion

Washington Mutual Inc told a federal judge on Thursday that JPMorgan should be forced to return more than $4 billion to the bankrupt holding company, whose bank was seized by regulators and sold to JPMorgan.
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Combination format showcases highlights and minimizes disqualifiers

Dear Sam: After working 25+ years in a family-owned business, my husband needs to make a change. He has a degree from Purdue and an abundance of U.S. and international marketing and sales experience. What are your recommendations on setting up a résumé where there is only one employer, but numerous facets of one's responsibilities covering outside sales and in-house management within said company ...
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China authors say Google violated copyrights

A group representing authors in China has accused Google of violating copyrights with its digital library, a claim that Google denies by saying the service complies with international law.
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Fed proposes executive pay guidelines

The Federal Reserve on Thursday issued guidelines aimed at ensuring pay and reward structures for bank executives do not lead to the sort of excessive risk-taking that contributed to the financial crisis..
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Jobless claims up, leading indicator at 2-year high

A bigger-than-expected rise in the number of U.S. workers filing new claims for jobless aid last week signaled the labor market remained fragile, even as a measure of economic prospects hit a two-year high last month.
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U.S. Economy: Leading Economic Indicators Rise for Sixth Straight Month

A U.S. index of leading economic indicators rose for the sixth straight month in September, with eight of ten indicators increasing for the month, suggesting a recovery in the U.S. economy is developing, the privately held non-profit Conference Board said on Thursday.
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Fed to issue bank pay guidelines: source

The Federal Reserve will issue new bank pay guidelines on Thursday designed to curb excessive risk taking, an industry source said.
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Xerox profit falls but beats estimates

Printing company Xerox Corp's quarterly profit was halved, underscoring the slowdown in office equipment spending, although results beat Wall Street expectations on cost cuts.
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Rise in new jobless claims signals soft labor market

The number of U.S. workers filing new claims for unemployment benefits rose more than expected last week, data showed on Thursday, indicating the labor market remains fragile despite signs of economic revival.
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Galleon managers in Asia explore buyout of fund: sources

The managers of Galleon's $500 million Asia fund are exploring a possible buyout of the unit, sources told Reuters on Thursday, as the Singapore-based traders strive to keep investors on board after redemption requests.
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NYC sees economic gold in green jobs

Recession-stricken New York City plans to double its current green work force by creating over 13,000 new jobs in the next decade, partly by competing with London to become the new center for carbon trading, a city official said on Wednesday.
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Entry-level candidates needs professional résumés too

Dear Rebecca: Thank you for submitting your résumé for my Notes of a Résumé Writer series; I am pleased to be able to provide some guidance to help you create an interview-generating job search tool. Let's touch on a few key areas of your résumé which should be addressed.
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Top pay at bailed out companies to be cut

Top earners at financial and auto companies bailed out by the U.S. government will see their pay slashed under an Obama administration plan aimed at addressing public outrage over eye-popping paychecks, two sources familiar with the matter said on Wednesday.
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China's growth quickens but policy stays on hold

China's economic growth picked up last quarter as expected as a combination of breakneck investment and buoyant bank lending more than made up for a slump in exports.
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Russia drops $22.5 billion suit vs BONY

Russia has dropped its $22.5 billion lawsuit against Bank of New York Mellon , in line with an earlier request by the country's Customs Service, a judge said on Thursday.
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Credit Suisse upbeat after topping Q3 forecasts

Credit Suisse Group AG said it was upbeat about its prospects after exceeding third-quarter net profit forecasts by a wide margin thanks to a solid investment banking performance and good client inflows.
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Executive hiring in Asia improves sharply: survey

Job prospects for executives at multinationals in Greater China and Singapore have improved sharply in the past three months amid growing optimism that Asia's recovery from the global recession will be sustainable, a quarterly survey showed on Thursday.
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Microsoft mulls new corporate software: Acer

Microsoft is working on a new operating system that will be targeted at corporate customers, Acer's chairman said on Thursday, as the software giant launches its next-generation Windows 7.
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Acer sees revenue almost doubling in 3 yrs -chairman

Acer Inc, the world's No. 2 PC maker, expects revenue to grow about 70 percent to $30 billion in three years, helped by growth in the PC and handheld devices sector, the company's chairman said on Thursday.
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JAL's net loss may balloon to $5.5 billion: media

Japan Airlines' net loss may balloon to about 500 billion yen ($5.5 billion) for the year to March as the heavily indebted carrier, Asia's largest by revenue, plans to book hefty restructuring charges, the Yomiuri newspaper reported on Thursday.
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EU says Oracle fails to dispel concerns on Sun deal

The European Union told Oracle Corp on Wednesday that it has failed to produce hard evidence to placate concerns that its purchase of Sun Microsystems Inc would hurt competition.
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Windows 7 hits shelves in Australia

The world's first copy of Microsoft's new operating system, Windows 7, has been bought by an Australian early on Thursday morning, ninemsn reported.
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Google suspends Market Street Partners

Google Inc has suspended the services of investor relations firm Market Street Partners -- the tiny firm federal investigators said tipped off hedge fund traders on Google's 2007 earnings.
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Chinese growth quickens in Q3, as expected

China's economic growth picked up as expected last quarter as a potent cocktail of breakneck investment and buoyant bank lending more than made up for a slump in exports, the government said on Thursday.
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Microsoft, Google seal Twitter search deals

Microsoft Corp and Google Inc secured separate agreements to access real-time content from Web phenomenon Twitter, intensifying their battle for a search market that Google dominates.
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Key U.S. lawmaker backs FCC on eve of Web rule

A key U.S. lawmaker threw his support behind the Federal Communications Commission's open Internet proposal, despite renewed protests from telecom companies including Verizon on Wednesday.

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