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U.S. President Obama holds a rally celebrating passage of the health insurance reform bill in Washington

Obama Says American Jobs can Help the World

U.S. President Barack Obama sought support for his job creation plan at a philanthropic summit on Wednesday, saying improving the prospects of the world's richest economy was good for the world.

U.S. Stock Futures Point Up

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Stock index futures pointed to a slightly higher open on Wall Street Wednesday, with futures for the S&P 500 up 0.23 percent, Dow Jones futures up 0.26 percent and Nasdaq 100 futures up 0.07 percent at 3:06 a.m. ET.

Exxon deal latest milestone in Russia investment

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Exxon Mobil Corp and Rosneft on Monday announced a deal to extract oil and gas from the Russian Arctic, marking a significant milestone in Russia's patchy history with foreign corporate investors.
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Wall Street Slides on Earnings, Economy

Wall Street skidded on Wednesday as troubling signs from U.S. corporations and falling demand for long-lasting manufactured goods discouraged investors already nervous about faltering debt talks in Washington.
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Job Market Retreats to 2008/2009 Levels

Despite recent market volatility and unfavorable labor statistics, second quarter employee confidence over job security, pay raises and the job market has returned to levels last seen in the height of the recession.
Level 3 To buy Global Crossing

Salesforce.com To Acquire Radian6 for about $326 mln

Salesforce.com said it agreed to acquire Radian6, a social media monitoring platform, for about $326 million in cash and stock deal a move that will help Salesforce to effectively market its cloud-based products.
U.S. President Barack Obama walks out of the White House to cross Pennsylvania Avenue to meet with business leaders at Blair House in Washington, December 15, 2010.

Obama meets with top CEOs, investors

With American businesses holding nearly $2 trillion on their books, President Barack Obama said on Wednesday that a meeting with corporate executives of 20 of the largest U.S. companies will help elicit a variety of ideas to grow the economy and boost jobs amid an anemic recovery.
Traders work on the floor of the New York Stock Exchange

US futures pare gains after jobless claims

Futures on major U.S. stock indices point to higher opening on Thursday but pared earlier gains after the Department of Labor reported that weekly jobless claims climbed last week.
Bottles of Pepsi cola are seen in a display at PepsiCo's 2010 Investor Meeting event in New York

PepsiCo Becomes Russia's Biggest Food, Beverage Co. With Wimm-Bill-Dann Buy

PepsiCo Inc. announced an agreement to acquire 66 percent of Russia's dairy and fruit juice company Wimm-Bill-Dann Foods for $3.8 billion to boost its base in key markets in Eastern Europe and Central Asia. Upon completion of the deal, PepsiCo will be around twice the size of its nearest food and beverage competitor in Russia.
U.S. President Barack Obama

Obama announces $10-bln worth trade deals with India; 54,000 jobs eyed

U.S. President Barack Obama announced 20 new trade deals with India worth about $10 billion, which are likely to create around 53,000 jobs in the United States. Deals ranging from sale of heavy transport and commercial aircraft, to gas and steam turbines have been inked. Obama, who is on a 10-day trip through Asia, presided over a meeting of U.S. and Indian executives in India's financial capital of Mumbai.

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