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Dow snaps eight-session streak as commodities weigh

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NEW YORK (Reuters) - The Dow industrials snapped an eight-session winning streak on Friday, as renewed worries about Greece sparked a climb in the dollar and weighed on U.S. stocks.

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Banks lift stocks; Greece woes dent euro

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LONDON (Reuters) - European shares rose modestly on Friday, lifted by gains in banking stocks, but concerns over Greece’s large debt burden remained, keeping the euro on the back foot against the dollar.

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Google may announce China plans next Monday: report

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SHANGHAI (Reuters) - Google Inc may make an announcement next Monday about whether it will pull out from China, the China Business News reported on Friday, quoting an unnamed Google employee.

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Lehman says Barclays got $13 billion windfall in sale

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NEW YORK (Reuters) - Lehman Brothers Holdings Inc fired new allegations at Barclays Capital Inc on Thursday, saying the British investment bank got a $13 billion “windfall” profit from its deal to buy Lehman’s U.S. brokerage in September 2008.

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Dow gains for 8th straight day; Palm sinks late

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NEW YORK (Reuters) - The Dow industrials rose for an eighth consecutive session on Thursday, lifted by a rise in Boeing’s stock, while a mixed group of economic figures kept the broader S&P 500 in check.

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Fed officials warn against loss of bank oversight

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WASHINGTON (Reuters) - Four top Federal Reserve officials urged Congress on Thursday not to strip the U.S. central bank of the authority to supervise small banks, saying they would lose an important finger on the pulse of the economy that helps them guide monetary policy.

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Euro drops as Greece fears stoked, Treasuries up

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HONG KONG (Reuters) - The euro dropped on Thursday on a report that Greece is not hopeful of aid from the European Union, while Asian stocks hovered near a two-month high, supported by solid growth expectations for the region.

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China Mobile revenue up on surprise ARPU gain

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HONG KONG (Reuters) - China Mobile , the world’s largest mobile operator, reported its best quarterly profit in a year, beating expectations for little growth, as customers began spending more on value-added services.

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Bernanke defends Fed small bank supervision role

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WASHINGTON (Reuters) - Top central bankers present and past on Wednesday joined forces against a plan to strip the Fed of its oversight of smaller banks, saying the knowledge it gains from that role is vital to monetary policy.

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Toyota faces racketeering claims in consumer suits

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LOS ANGELES (Reuters) - Lawyers seeking civil damages against Toyota Motor Corp on behalf of U.S. consumers for diminished resale value of recalled vehicles are broadening their cases to add racketeering claims against the automaker.

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