Regions News
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Allstate Corp. can’t pursue federal securities law claims against Countrywide Financial Corp, the home lender acquired by Bank of America Corp., over $700 million in downgraded residential mortgage-backed securities
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Oil gained for a third day in New York, after climbing to the highest in almost 12 weeks. Crude for December delivery rose 36 cents, or 0.4 percent, to $91.63 a barrel in electronic trading on the New York Mercantile Exchange 9:08 a.m. Sydney time.
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New Zealand inflation slowed by more than economists forecast in the third quarter, giving the central bank scope to keep interest rates unchanged at a record- low until next year. The local currency fell.
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Texas Instruments Inc., the largest maker of analog semiconductors, forecast lower fourth-quarter sales than some analysts had estimated, indicating that demand for electronic components remains sluggish.
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