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    Last update: December 22, 2009

    +Stock futures tumble after employment data
      NEW YORK (Reuters) - U.S. stock index futures fell on Friday after data showed U.S. non-farm employers cut 190,000 workers from their payrolls in October and the unemployment rate hit 10.2 percent, the highest in more than 26 years.

    +U.S. jobless rate climbs to 10.2 percent
      WASHINGTON (Reuters) - U.S. employers cut a deeper-than-expected 190,000 jobs in October, government data showed on Friday, driving the unemployment rate to 10.2 percent, the highest in 26-1/2 years.

    +AIG posts second straight profit
      NEW YORK (Reuters) - AIG, the giant insurer bailed out by the U.S. government, posted its second straight quarterly profit on Friday, helped by recovery in the value of its investments.

    +G20 to stay the course on economic stimulus
      ST ANDREWS, Scotland (Reuters) - The Group of 20 leading nations will agree this weekend it is too early to pull the plug on emergency support for the global economy and launch a new system of checks to help rebalance world growth and prevent future crises.

    +Calpers knew in 2003 about forex trading hits: report
      (Reuters) - California Public Employees' Retirement System, knew it was paying uncompetitive rates on foreign-exchange trades as early as 2003, the Wall Street Journal said, citing a consultant who advised the largest U.S. public pension fund.

    +GM readies Opel plan, workers strike
      DETROIT/RUSSELSHEIM, Germany (Reuters) - General Motors Co on Thursday said it was readying a plan to restructure Opel and could pay off debt due this month as German workers went on strike to protest the automakers decision to keep the European unit.

    +Insider trading probe ensnares 14 more
      NEW YORK (Reuters) - Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and a bevy of white-shoe advisers.

    +Sparring over evidence at Wall Streeters trial
      NEW YORK (Reuters) - In closing arguments in the trial of the first high-profile Wall Streeters on fraud charges stemming from the financial crisis, a U.S. prosecutor said two hedge fund managers told "black and white lies," but a defense lawyer attacked the government for "misleading" the jury.

    +RBS's Q3 loss halves but more bad debts to come
      LONDON (Reuters) - Royal Bank of Scotland more than halved its operating losses to 1.5 billion pounds ($2.5 billion) in the third quarter as impairments fell, but less favorable trading battered investment banking profits.

    +BA sees improved outlook, swings to H1 loss
      LONDON (Reuters) - British Airways Plc fell to a worse than expected first-half loss and forecast revenue would slump by 1 billion pounds this year, but analysts said the worst could be over as the airline signaled business was stabilizing.

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