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Fund manager Shaughnessy ignores her index

Maura Shaughnessy, manager of the MFS Utilities fund, has bicycled across New Zealand and Italy and in the Grand Canyon, not to mention completing an annual 192-mile charity ride in Massachusetts 16 times.

From science fiction to desktop for telepresence

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Telepresence was science fiction in the 50s, a Disneyland attraction in the 60s, and eventually morphed into costly corporate “telepresence rooms” and other high-end systems, which relied on expensive dedicated communications lines.
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Brittany Murphy was very ill before she died: report

American actress Brittany Murphy who died yesterday at age 32, was reportedly very ill and had been experiencing flu-like symptoms for several days before she suffered a cardiac arrest, celebrities blogging site TMZ.com reports citing anonymous sources.
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Bank of America names Moynihan next CEO

Bank of America Corp on Wednesday tapped insider Brian Moynihan as its next chief executive, ending months of speculation about who would succeed Kenneth Lewis to lead the largest U.S. bank.
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Consumer prices edge higher, housing starts up

U.S. consumer prices rose modestly last month, while new home building bounced back from an October slump, suggesting inflation is not yet a concern even as the economy's recovery moves forward.
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Stocks rise on bets Fed will keep rates low

U.S. stocks rose on Wednesday as a benign reading on the November Consumer Price Index bolstered expectations that the Federal Reserve will keep its accommodative monetary stance to foster an economic recovery.
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Stocks set to open up after data

Wall Street was set to rise at the open on Wednesday after data showed consumer prices did not overheat in November, quelling inflation worries ahead of a statement from the Federal Reserve that will be scrutinized for clues on the state of the world's largest economy.
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Terreno Realty files for IPO

Terreno Realty Corp on Monday filed for an initial public offering in a move that would let it profit from the economic recession and tight credit.
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Charlie Murphy's wife dies in sleep

Tisha Taylor Murphy, the wife of comedian and actor Charlie Murphy, passed away last night in the couple's home in New Jersey according to reports from mediatakeout.com.
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Dubai bailout, Citi TARP deal lift futures

U.S. stock index futures rose on Monday as Abu Dhabi moved to bail out neighboring Dubai, winding down fears of a potential default that had rattled markets, and as Citigroup Inc reached a deal to pay back $20 billion of U.S. government funds.
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Houston eyes Asia trade as Panama Canal expands

Warehouses holding everything from beer kegs to frozen chickens crowd the roadside along Highway 146 south of Houston, and a ferocious building boom is adding acres more, thanks to an even bigger project 1,800 miles away in Panama.
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NY fund manager admits multimillion dollar fraud

A jailed New York hedge fund manager whose fraud was revealed in the wake of the Madoff scandal, admitted in court on Friday to fabricating client account statements and overstating asset values by hundreds of millions of dollars.
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Icahn teams up with Beal Bank for Trump casinos

Investor Carl Icahn said on Friday that he bought the first lien bank debt of Trump Entertainment Resorts (TRMPQ.PK) and planned to team up with Beal Bank to present a restructuring plan for the bankrupt casino operator.
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Prudential says Wachovia stake sale on track

Prudential Financial Inc's sale of its stake in a brokerage joint venture is on schedule to close next month and is expected to give its capital position a significant lift, the company said on Thursday.
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New jobless claims rise, trade gap narrows

The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, but a surprise narrowing in the trade gap in October indicated the economy remained firmly on a steady growth path.
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U.S. household wealth rises in Q3, may spur spending

U.S. households' net worth rose $2.7 trillion to $53.4 trillion in the third quarter for a second straight quarterly advance, Federal Reserve data showed on Thursday, which may boost consumers' confidence to spend.
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Prudential says Wachovia stake sale on track

Prudential Financial Inc's sale of its stake in a brokerage joint venture is on schedule to close next month and is expected to give its capital position a significant lift, the company said on Thursday.
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New U.S. jobless claims rise, trade gap narrows

The number of U.S. workers filing new claims for jobless benefits rose more than expected last week, but a surprise narrowing in the trade gap in October indicated the economy remained firmly on a steady growth path.
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Data lifts Wall Street in light trading

Stocks advanced on Thursday as data showed continuing claims for jobless benefits fell while the trade gap unexpectedly narrowed for October, which should provide a lift to the economy.
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FOREX-Dollar down vs euro; aussie and kiwi jump

The dollar fell against the euro for the second straight day on Thursday after a narrower-than-expected U.S. trade deficit for October and some improvement in jobless claims, reducing safe-haven demand for the greenback.
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Bruce Springsteen speaks out for gay marriage

Bruce Springsteen has come out in support of gay marriage in his home state of New Jersey, where a marriage equality bill will go to vote this week. The rocker released a statement via his official Web site Wednesday backing the legislation.

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