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US companies beat quarterly earnings forecastsIn spite ofthe surprising results, profits are continuing to rise faster than revenues, which has caused concern that Wall Street could be heading for a double-dip recession ... |
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Fears as price of long-dated oil soarsThe furthest forward oil contract traded on exchanges – the December 2017 futures – has risen $99.97 a barrel for the Brent benchmark ... |
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UK change of heart on banking tax planBritish prime minister Gordon Brown rapidly backpedalled from his proposal for a financial transactions tax after a chorus of criticism of his plan set out in a speech to a meeting of global finance ministers ... |
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Robot hamsters hottest toys this ChristmasDemand for the Go Go Pets is so high that Toys R Us has not advertised the items in its Christmas catalogue, and they only spend about a minute on the shelf before being snapped up ... |
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Cadbury expected to receive hostile bidThe board of Cadbury is preparing to meet on Monday amid expectations that Kraft will go hostile with its takeover offer. The US group will either formalise its original proposal of 300p in cash and 0.2589 new Kraft Foods shares per Cadbury share, or increase it slightly ... |
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Nato blamed for Afghan air strike deathsThe US military is investigating reports that seven members of Afghanistan’s security forces were killed in an air strike launched during an operation to search for two missing American soldiers ... |
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