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    Last update: December 22, 2009

    +Stock futures edge up after retail sales
      NEW YORK (Reuters) - S&P 500 and Nasdaq stock index futures gained slightly on Wednesday after data showed a smaller-than-expected drop in U.S. retail sales in September.

    +JPMorgan profit soars
      NEW YORK (Reuters) - JPMorgan Chase & Co reported sharply higher third-quarter results, topping Wall Street expectations, as gains at its investment bank offset deeper losses on credit cards and other consumer loans.

    +Retail sales fall less than expected
      WASHINGTON (Reuters) - Sales at U.S. retailers fell in September, hurt by a slump in motor vehicle purchases as government-sponsored incentives ended, but the decline was less than expected, a government report showed on Wednesday.

    +House begins assembly of financial reform plan
      WASHINGTON (Reuters) - The House Financial Services Committee is to begin work on Wednesday on a top priority for the U.S. Congress -- legislation to mend regulatory holes exposed by last fall's financial crisis.

    +Major U.S. firms on route to award record pay in '09: report
      (Reuters) - Major U.S. banks and securities firms are on track to pay employees about $140 billion in total compensation and benefits this year, the Wall Street Journal said, citing an analysis of securities filings for the first half of 2009 and revenue estimates through the end of the year.

    +Abbott profit rises on Humira demand, special gain
      NEW YORK (Reuters) - Abbott Laboratories Inc on Wednesday said third-quarter profit rose 37 percent on strong demand for its Humira arthritis drug and Xience heart stent and gains from a settlement with Medtronic Inc .

    +U.S. pushes AIG to cut pay incentives
      WASHINGTON (Reuters) - The U.S. Treasury Department is pushing American International Group to cut big pay incentives it claims were needed to keep staff, but which have stoked a controversy over pay at taxpayer-supported firms.

    +Blackstone sees "more than green shoots" of recovery
      DUBAI (Reuters) - Private equity firm Blackstone Group's chief executive said the worst of the industry's problems were behind it, and dealflow and IPO opportunities were opening up again.

    +Oil sets 2009 high above $75 on economy optimism
      LONDON (Reuters) - Oil surged for a fifth day on Wednesday to a 2009 high above $75 a barrel, boosted by a weak dollar and optimism about a global economic rebound that will lead to higher energy demand.

    +Dell CEO expects IT spending bounce
      SANTA CLARA, California (Reuters) - Dell Inc Chief Executive Michael Dell said the business climate was improving and repeated his expectation for a "powerful" hardware refresh cycle beginning next year.

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