IBT Staff Reporter

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Other rumbles in the Iran nuclear storm

In the sound and fury following the U.N. nuclear governors' censure of Iran last week for its cover-up of a second uranium enrichment site, and Tehran's rejection of a nuclear cooperation deal with world powers, a broader, festering issue was obscured.

Big Lots Q3 profit beats Street, ups Q4 view

Closeout retailer Big Lots Inc reported better-than-expected quarterly profit, as initial markups and lower freight costs boosted gross margins, and raised its outlook for the holiday fourth quarter.

November U.S. jobs data boosts recovery hopes

U.S. employers cut far fewer jobs than expected last month in the best showing for the labor market since the recession began, boosting the U.S. dollar and global stock prices on hopes for a strong economic recovery.

Climate change could cut into Kenyan GDP: study

Kenya could lose up to 3 percent of its $35 billion GDP annually by 2030 due to global warming, a donor-funded study on the impact of climate change on east Africa's biggest economy showed on Friday.

Japan trading giants to tap $1 trillion water market

Japan's trading houses, which made fortunes from heavy bets on coal and iron ore, see water as their next big investment target as industrialization and urbanization in emerging economies boost demand for clean water.

No new Russia-U.S. arms pact yet as treaty expires

The presidents of Russia and the United States on Friday pledged to keep working for a deal to reduce arsenals of Cold War nuclear weapons, as an existing treaty expired, but did not announce any new agreement.

Hepatitis C Drug Fights Virus in New Way

A drug that targets hepatitis C in an entirely new way was highly effective at suppressing the virus in chimpanzees and kept working for several weeks after the treatment stopped, U.S. researchers said on Thursday.

Copenhagen talks must mandate CDM reform: IETA

A multi-billion dollar scheme driving clean-energy investment in poorer nations is faltering and urgently needs reforms mandated by negotiators at this month's U.N. climate talks, a report released on Friday said.

More funds needed for TB tests, drugs, vaccines

Health experts on Thursday called for more research funding to develop better diagnostic tests, vaccines and drugs for tuberculosis, which killed 1.8 million people around the world last year.

Russia says U.S. arms deal close as deadline looms

Russia and the United States are close to a deal to cut vast arsenals of nuclear weapons, Russia said Friday, as the world's two biggest atomic powers rush to replace a Cold War treaty that expires at midnight.

U.S. factory orders, inventories rise in October

Inventories at U.S. factories increased for the first time in more than a year in October, while factory orders also rose an unexpected 0.6 percent, the Commerce Department said on Friday, in signs the manufacturing sector is returning to health.

Somali rebels deny they carried out suicide bombing

A spokesman for Somalia's al Shabaab rebels denied on Friday that the group was behind a suicide bombing at a medical graduation ceremony that killed at least 22 people, including three government ministers.

Playing catch-up, new wind power firms head offshore

On a small beach on South Korea's popular honeymooning island of Jeju a large blade spins against a cloudy sky, a noisy oddity for locals but a source of hope for emerging wind power gear makers eyeing a niche market.

Iran rejects IAEA transparency demand on atom sites

Iran said it will provide the U.N. nuclear watchdog with the bare minimum of information about its plan to build 10 new uranium enrichment plants, a stance sure to stoke Western suspicions about its atomic agenda.

Mob witness links Berlusconi to Mafia bombings

A jailed Mafia hitman linked Italian Prime Minister Silvio Berlusconi to the Cosa Nostra on Friday, telling a court that a godfather convicted for a 1993 bombing campaign had boasted of his links to the media mogul.

U.S. job data gives boost to recovery hopes

U.S. employers cut far fewer jobs than expected last month in the best showing for the labor market since the recession began, boosting the U.S. dollar and global stock prices on hopes for a strong economic recovery.

Senate boosts preventive care for women

The U.S. Senate backed a plan on Thursday to make it easier for women to get preventive health screenings such as mammograms as it cast its first votes on a sweeping healthcare overhaul.

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