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    Last update: December 22, 2009

    +Air passengers claiming blood clots can sue airlines
      Three airline passengers who claim cramped seating gave them blood clots can continue their lawsuits against international airlines, a judge ruled.

    +NovaStar says NYSE may delist stock, asking for review
      The New York Stock Exchange said Wednesday it plans to remove mortgage lender NovaStar Financial Inc. from its trading list because the company no longer meets its minimum requirements.

    +Nickel, copper prices slump amid dismal U.S. housing market data; oil prices hit peak
      Base metals declined Wednesday after the Commerce Department reported homebuilding slumped to its lowest level in 14 years, raising concerns that demand for copper and other raw materials could ebb.

    +Dollar drops on weak housing figures, business activity report
      The dollar continued to weaken on Wednesday, as U.S. economic reports showed a plunge in new home construction, higher inflation and cooler third-quarter economic activity.

    +EBay loses $936 million in 3Q due to Skype charges
      EBay Inc. reported Wednesday a third-quarter net loss of more than $936 million (?659.15 million) ?a rare plunge into the red for the e-commerce juggernaut caused by previously announced charges to its Skype telecommunications division.

    +U.S. stocks mixed amid concerns about corporate profits, housing and credit market problems
      Wall Street ended a volatile session mixed Wednesday as investors'concerns about sluggish housing, tight credit and rising oil prices intensified their uneasiness over a motley batch of corporate profits.

    +Gold mixed
      Gold for current delivery closed at $757.50 per troy ounce Wednesday on the New York Mercantile Exchange, up from $757.00 late Tuesday.

    +Morgan Stanley cuts 300 jobs in credit markets business due to market turmoil
      Morgan Stanley is cutting about 300 jobs at its institutional securities business, which was hurt by a global freeze in the credit markets, a person familiar with the situation said Wednesday.

    +New York Times shares fall on news that activist investor has sold his 7.2 percent stake
      Shares of The New York Times Co. fell Wednesday following news that a dissident investor who had been pushing for changes at the family-controlled company sold his 7.2 percent stake.

    +Financial turbulence will be Topic A at G-7 meeting
      The recent turbulence that has rocked Wall Street and financial markets around the world will be the No. 1 topic when officials from the richest countries gather later this week.

    +Mortgage lender Countrywide to book $150 million charge from restructuring
      Struggling mortgage lender Countrywide Financial Corp. expects to book a pretax charge ranging from $125 million (?88.03 million) to $150 million (?105.63 million) related to its plan to slash thousands of jobs amid rising defaults and foreclosures.

    +Fed says U.S. economy logged slower growth in early fall, restrained by housing, credit woes
      The U.S. economy logged slower growth in the early fall as troubles in the housing and credit markets weighed on companies and individuals alike, the Federal Reserve reported Wednesday.

    +New joint venture will give fliers trans-Atlantic nonstop options, but not cheaper fares
      A joint venture between Air France-KLM and Delta will benefit trans-Atlantic travelers looking for more nonstop flights to airports such as London's Heathrow, though analysts anticipate little impact on fares.

    +China's runaway economy defies leaders'mild efforts to rein in growth
      President Hu Jintao gave the longest public speech of his political life this week, dwelling at length on the Communist Party's social goals but spending little time on the economy. Hours later, the Shanghai stock market's key index hit a new high.

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