Dec
31

China factories boom in Dec, demand lifts Korea exports

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BEIJING/SEOUL (Reuters) - China’s economic growth looks set to accelerate into the new year, with booming factories driving a December manufacturing survey to a 20-month high while South Korea’s exports to the country surged on strong demand.


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Dec
31

China’s official PMI hits 20-month high in Dec

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BEIJING (Reuters) - China’s manufacturing sector steamed ahead in December as strong rises in new orders and output drove a key economic survey to a 20-month high.


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Dec
31

All Nippon mulls taking JAL’s overseas flights: report

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TOKYO (Reuters) - Japanese airline All Nippon Airways is considering taking over the international routes of struggling rival Japan Airlines Corp, the Yomiuri Shimbun newspaper said on Friday.


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Dec
31

Wall St closes out ‘09 with best gains since 2003

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NEW YORK (Reuters) - U.S. stocks ended 2009 on Thursday with their best gains since 2003, driven by optimism about the economy’s recovery and a brighter outlook for profits.


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Dec
31

Washington DC sues AT&T over calling cards

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NEW YORK (Reuters) - The attorney general for Washington D.C. has filed a lawsuit against an AT&T Inc unit, seeking to recover consumers’ unused balances on prepaid calling cards.


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Dec
31

Jobless claims hit 17-month low

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WASHINGTON (Reuters) - The number of U.S. workers filing new applications for jobless benefits unexpectedly fell last week to the lowest level in about 17 months, suggesting the economy might be on the cusp of creating jobs.


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Dec
31

Time Warner Cable, Fox at impasse; blackout looms

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NEW YORK (Reuters) - About 13 million Time Warner Cable Inc subscribers were to lose most Fox programing at midnight on Thursday unless the cable service provider reached a last-minute deal to pay fees to News Corp to broadcast the shows.


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Dec
31

Wall St ends 2009 with best gains since 2003

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NEW YORK (Reuters) - U.S. stocks ended 2009 on Thursday with their best gains since 2003, with optimism about the economy’s recovery pushing the benchmark Standard & Poor’s index up 23.5 percent for the year.


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Dec
31

Wells Fargo grants $25 million in stock bonuses to top execs

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NEW YORK (Reuters) - Wells Fargo & Co said on Thursday it gave Chief Executive John Stumpf and three other top executives stock payouts worth a total of about $25 million, but it said none of these executives will receive a cash bonus for 2009.


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Dec
31

WaMu says tax refund may double, shares soar

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WILMINGTON, Delaware (Reuters) - Washington Mutual Inc said it could receive an additional $2.6 billion in tax refunds due to a recently enacted law, sending shares of the bankrupt bank holding company soaring on Thursday.


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