The dollar lost ground on Wednesday after hitting a one-month high against a basket of currencies, while Asian stocks edged higher in muted trade ahead of central bank meetings that kept investors wary. Oil fell for the first time in three days after a 2 percent surge on Tuesday and gold eased after hitting a
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The results of a survey of U.S. colleges and universities in the wake of the economic crisis by Moody's Investors Service finds stresses on revenues that could depress future operating performance stemming from declines in income from tuition and fees. While some media reports have focused on how college tuitions continue to outpace inflation even
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British house prices rose 1.2 percent in October, leaving the annual decline at its smallest in 1-1/2 years as a lack of supply and higher demand buoyed prices, mortgage lender Halifax said on Tuesday. House prices were 1.5 percent down in October compared with a year ago, the smallest annual fall since March 2008. Halifax
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Bank of England policymakers face an unusually tough decision this week: whether to expand the 175 billion pound asset purchase programme at a time when Britain is showing signs of recovery but remains stuck in recession. Two-thirds of analysts in a Reuters poll reckon the central bank will decide to expand its quantitative easing (QE)
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World stocks hit a four-week low on Tuesday and the dollar climbed as poor results from UBS and a shake-up of UK banks Lloyds and Royal Bank of Scotland prompted investors to cut back on risk. UBS shares fell nearly 8 percent after the bank reported larger-than-expected asset outflows for the third quarter. Lloyds fell
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U.S. stock index futures fell on Tuesday as the deal by Warren Buffett's Berkshire Hathaway to buy railroad company Burlington Northern was offset by poor results from Swiss lender UBS and a shake-up at two big British banks. In its largest-ever acquisition, Berkshire Hathaway Inc will pay $100 for each share of Burlington Northern Santa
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Warren Buffett's Berkshire Hathaway Inc has struck a deal to buy the rest of railroad Burlington Northern Santa Fe Corp for $26 billion, Buffett's biggest acquisition ever. In a statement announcing the deal on Tuesday, Buffett said railroads are key for U.S. growth and will grow as the nation grows. "It's an all-in wager on
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Sony Ericsson unveiled its new X10 flagship mobile phone on Tuesday, its first to run on Google's Android operating system, but said it would not go on sale until early next year. Android has gained a lot of traction this year as handset vendors look for ways to beat Apple's iPhone. Loss-making Sony Ericsson, the
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MasterCard Inc reported on Tuesday quarterly earnings as the world's second-largest credit card network raised fees to banks and trimmed expenses, while consumers used their debit cards more. MasterCard's third-quarter net income rose to $452 million, or $3.45 per share, compared with a loss of $194 million, or $1.48 per share, a year earlier. Revenue
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People scared of flying can now press a button on their iPhone to help them deal with their panic. Long-haul airline Virgin Atlantic Airways has launched an application, or app, for its Flying Without Fear course which boasts a success rate of over 98 percent. Apps are a source of information, games and other novelty
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