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Japan is preparing to ease restrictions on U.S. beef imports as concerns about mad cow disease receded and domestic cattle production fell after the nation’s worst nuclear disaster since World War II.
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U.S. stocks were little changed after Bank of America Corp. reported better-than-estimated earnings and government data showed global demand for American financial assets grew. Treasuries trimmed earlier gains and commodities pared losses.
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Daimler AG, the world’s third- largest maker of luxury vehicles, has been seeking to remind investors of the higher second-half costs for the introduction of revamped models in an effort to manage earnings expectations, a person familiar with the matter said.
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The lira headed for the lowest level in two weeks after the central bank sold $750 million, reinforcing speculation that it may fail to stem the lira’s depreciation because its foreign exchange reserves are limited.
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Johnson & Johnson, the world’s second-biggest seller of health-care products, said third- quarter profit slipped 6.4 percent as the company spent more to promote new drugs and lost sales to generic competition.
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Wholesale prices in the U.S. rose more than forecast in September, boosted by gasoline, food and trucks, indicating inflationary pressures continue to bubble up the production line.
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Republican presidential contender Herman Cain used campaign funds to buy his own books from his motivational speaking company, Federal Election Commission records show.
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The U.S. Commodity Futures Trading Commission may increase risk of manipulation and volatility in markets for oil, gas and other commodities unless new speculation limits apply similar treatment to physical-settled and cash-settled derivatives, Senator Maria Cantwell said.
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General Electric Co., the world’s biggest maker of power-generating equipment, invested $58 million in a 20-megawatt solar project that Moser Baer India Ltd. is building atop greenhouses in Sardinia.
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A mixture of platelets and fibrin that’s extracted from a person’s blood and injected for a cosmetic procedure dubbed the “vampire lift” bolsters collagen and activates cells in connective tissue, researchers said.
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Bloomberg's Rich Jaroslovsky reviews Apple Inc.'s new iPhone 4S. The new iPhone -- available for order now and in stores on Oct. 14 -- costs $199 for a model with 16 gigabytes of storage on a two-year contract, $299 for 32 gigabytes and $399 for 64 gigabytes. (Source: Bloomberg)
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Ruth Fertel was a single mother who found Chris Steak House in the classifieds, gambled with mobsters, winning 30 grand in one night, and refused to give up her handbag holding the day’s earnings to a robber, even though he shot her.
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Jimmie Johnson, Nascar’s five-time defending champion, said he was “torn up” by Dan Wheldon’s death and that IndyCar should race only on street circuits and road courses rather than on high-speed oval tracks.
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Air France-KLM Group recalled Jean- Cyril Spinetta, 68, as chief executive officer and ousted Pierre-Henri Gourgeon amid slumping earnings and questions regarding the role of pilots in a fatal crash.
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