MARKETS / FINANCE

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Hurricane Earl could sideswipe U.S. East Coast

Powerful Hurricane Earl churned towards the eastern U.S. seaboard on Tuesday and looked to sideswipe the densely populated coast from North Carolina to New England, the U.S. National Hurricane Centre said.
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Fed mulls stimulus if outlook worsens appreciably

The outlook for the U.S. economy would have to deteriorate appreciably to spur fresh support from the Federal Reserve, according to minutes of the central bank's last policy meeting released on Tuesday.
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Facebook CEO: Keep private life out of lawsuit

Facebook Inc Chief Executive Mark Zuckerberg says a lawsuit by a man who claims to own a huge chunk of the popular social networking website is seeking to uncover unnecessary details about his private life to harass him.
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Consumer confidence, home prices edge up

Consumer confidence rose modestly in August and home prices gained more than expected in June, easing some worries the economy is headed for another downturn soon.
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FTSE firm as U.S. data supports miners

The top shares closed up on Tuesday, as miners gained on firmer U.S. economic data which eased investor anxiety on the global economic recovery, while ARM Holdings jumped on renewed takeover talk.
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Hurricane Earl threatens U.S. East Coast

Hurricane Earl churned towards the North Carolina coast of the eastern U.S. seaboard on Tuesday after lashing Puerto Rico and the northeast Caribbean islands with winds, rain and waves, the U.S. National Hurricane Centre said.
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Loan picture improves but troubles remain: FDIC

The U.S. loan picture improved slightly during the second quarter, with the amount of loans 90 days or more past due declining for the first time in more than four years, bank regulators said on Tuesday.
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Anglo Irish expects rescue bill of 25 billion euros

Anglo Irish Bank said on Tuesday the bill for its rescue should not exceed 25 billion euros (20.6 billion pounds) but investors remained sceptical after mounting losses raised pressure on Ireland to shut down the nationalised lender.
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3D TVs and tablets beckon at Berlin's IFA trade fair

Germans are not known to be a nation of spendthrifts but when it comes to consumer electronics they throw caution to the wind -- much to the delight of exhibitors at Berlin's IFA trade fair starting this week.
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Dow, S&P edge up on data

Stocks rose in choppy trading on Tuesday, closing out a weak month for equities as a pair of positive data surprises on the consumer and housing fronts helped ease investor anxiety over the economy's strength.
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Consumer confidence and home prices edge up

U.S. consumer confidence rose modestly in August and U.S. homes prices gained more than expected in June, easing some worries the economy is headed for another downturn soon.
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Government cool on mooted carrier sharing scheme

Britain said on Tuesday it would discuss closer military cooperation with France in talks this week, but played down a report that the two countries would share aircraft carriers to save costs.
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July mortgage lending falls to 4-month low

Net lending to British households unexpectedly fell to a four-month low last month after a sharp decline in mortgage lending, reinforcing economists' concerns that tight credit conditions may hamper future growth.
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German jobless drop helps broaden recovery

German unemployment fell in August to its lowest since November 2008, laying the ground for consumers to spend more and adding to evidence that the export-led economy is outstripping its euro zone peers.
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Global growth woes hit FTSE

Britain's top shares were lower by midday on Tuesday, as U.K. economic data added to uncertainty surrounding the global recovery, with risk-sensitive banks and commodity stocks leading the fallers.
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Canada's small Internet providers get higher speed

Canada's established telecom carriers must allow smaller Internet providers access to their high-speed fiber networks at the same speed they offer to their own customers, the telecom and broadcast regulator ruled on Monday, but it said they can charge a 10 percent mark-up for doing so.
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Dollar General profit beats, raises view

Dollar General Corp posted a higher-than-expected quarterly profit as it attracted bargain-seeking consumers who spent more per visit, and the discount retailer raised its profit outlook.
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AIG sale of Taiwan unit on brink of collapse

Bailed-out insurer American International Group faced the prospect of finding another buyer for its Taiwan unit after regulators threw out its proposed $2.2 billion sale to a Chinese company.
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Home price rise better than forecast

Prices of U.S. single-family homes gained more than expected in June and rose in the second quarter, reflecting the lingering boost from homebuyer tax credits that ended in April, Standard & Poor's/Case Shiller home price indexes showed on Tuesday.

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