MARKETS / FINANCE

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Factory orders broadly lower in October

New orders received by U.S. factories dropped 0.9 percent to a seasonally adjusted $420 billion in October, a setback for the manufacturing sector as demand declined across a broad array of goods, a government report on Friday showed.

Wall St flat but eyes best week in a month

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Stocks were headed for their best week in a month on Friday after a brighter assessment of the economy and a more optimistic view of Europe's debt crisis drove a rally earlier this week.
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Wall St dips as jobs data fails to alarm

U.S. stocks edged mostly lower on Friday as Wall Street shook off an unexpectedly weak payrolls report, while investors were reassured by the broader economic picture and the likelihood the Federal Reserve would stay the course on its stimulus plan.
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France seeks to bar hosting WikiLeaks website

The French government is examining how it could ban website WikiLeaks from being hosted on servers in France, according to a letter written by Industry Minister Eric Besson and seen by Reuters on Friday.
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Payrolls barely rise, jobless rate jumps

U.S. employment barely grew in November and the jobless rate unexpectedly hit a seven-month high, hardening views the Federal Reserve would stick to its $600 billion plan to shore up the fragile recovery.
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Wall St flat as investors shrug off jobs report

Wall Street mostly shrugged off a weaker-than-expected payrolls report on Friday, leaving stocks little changed as the data didn't alter investors' view the economic recovery is on track.
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China declares shift to prudent monetary policy

China will switch to a prudent monetary policy from a moderately loose stance, the Communist Party's top leaders decided on Friday, a change that could pave the way for more interest rate increases and lending controls.
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Mobile firms seeing ads coming to handsets

The long awaited uptake of the potentially lucrative mobile advertising market by advertisers and consumers has actually started to happen, companies from Canada, Egypt and Poland said on Friday.
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Wall St to test 2-year high on jobs data

Wall Street's largest two-day rally in three months will be tested by jobs data on Friday, with some in the market predicting a strong report that will push the S&P 500 to a fresh two-year high.
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Futures flat ahead of payrolls data

Stock index futures were little changed on Friday, following Wall Street's biggest two-day rally in three months and ahead of key labor market data that will show whether the economic recovery is on track.
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ECB bond buying steadies euro markets for now

Financial markets steadied on Friday as the European Central Bank continued to buy euro zone government bonds in moderate amounts to counter a destabilizing rise in peripheral countries' borrowing costs.
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Stocks rise on U.S. recovery signs but wary of job

The dollar steadied on Friday and stocks edged higher ahead of payroll data that could show more evidence of a strengthening U.S. recovery and give investors a reason to push more money into riskier assets.
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ECB's Trichet: EU policy, funds must be up to task

Europe's reaction to the fiscal crisis and the stabilization fund set up to deal with it must be commensurate to the problems involved, European Central Bank President Jean-Claude Trichet said on Friday.
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Authorities scan healthcare deals: report

Trading activity around a number of healthcare deals is being examined by the U.S. authorities as part of investigations into suspected insider trading by certain hedge fund players, the Wall Street Journal said, citing people familiar with the matter.
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China announces shift to prudent monetary policy

China will switch to a prudent monetary policy from a moderately loose stance, the Communist Party's top leaders decided on Friday, a change that could pave the way for more interest rate increases and lending controls, the state Xinhua news agency reported on Friday.
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U.S. dollar, stocks poised to gain on jobs recovery

The U.S. dollar was steady on Friday ahead of payrolls data for November that could show more evidence of a strengthening recovery and give investors a reason to push benchmark U.S. Treasury yields above 3 percent and put more money in equities.
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Payrolls seen up in November and jobless rate steady

The U.S. economy probably recorded a second month of solid job gains in November, which would bolster views the labor market is improving even though the activity is not enough yet to lower the unemployment rate.
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Lawmaker calls for end to Obama mortgage aid program

The incoming head of a House of Representatives panel overseeing the Obama White House on Thursday called for pulling the plug on a widely criticized program to help struggling borrowers stay in their homes.
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Amazon invests in coupon company LivingSocial

Amazon.com Inc is investing $175 million in online coupon company LivingSocial, a preemptive strike against Google Inc which a source has said is looking to buy Groupon, another coupon provider.

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