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    Last update: December 22, 2009

    +Goodbye to all that stimulus?
      NEW YORK (Reuters) - The U.S. economy has been kick-started into growth but stock investors still face an uncertain outlook as Wall Street gears up for comments from the Federal Reserve and a key report on employment next week.

    +Obama says new data shows economy recovering
      WASHINGTON (Reuters) - President Barack Obama said on Saturday this week's positive job and economic growth figures proved that his big spending efforts to stimulate the economy were working.

    +Madoff documents reveal incredulous, unfocused SEC
      NEW YORK/WASHINGTON (Reuters) - U.S. securities investigators raised repeated concern over how Bernard Madoff could be running an honest business, but never followed through on the many red flags they uncovered.

    +October retail sales look to capture fall momentum
      SAN FRANCISCO (Reuters) - U.S. retailers are expected to post positive October sales results this week, but investors hoping for a clear signal on economic recovery could be in for disappointment, industry experts said.

    +SEC in settlement talks with BofA, UBS: report
      NEW YORK (Reuters) - The Securities and Exchange Commission is in settlement talks with several large financial institutions to resolve investigations into the awarding of municipal investment contracts, the Wall Street Journal reported on Saturday.

    +China sees rocky export rebound, shrinking surplus
      BEIJING/SHANGHAI (Reuters) - China's exports face a "hard and tortuous" path to recovery as uncertainties dog the global economy's gradual return to health, with this year's trade surplus set to shrink from last year's record, the Commerce Ministry said.

    +Nine U.S. banks seized in largest one-day haul
      LOS ANGELES (Reuters) - U.S. authorities seized nine failed banks on Friday, the most in a single day since the financial crisis began and the latest stark sign that substantial parts of the nation's banking industry are being crippled by bad loans.

    +Magna wants Demel to head Opel: report
      FRANKFURT (Reuters) - Canadian auto parts maker Magna wants Herbert Demel, the head of its Austrian car development and assembly plant, to become head of Opel, a German magazine said, citing sources.

    +Delaware beats Switzerland as most secretive financial center
      WASHINGTON (Reuters) -- Move over Switzerland. The tiny state of Delaware beats the Alpine country in a contest for the most secretive financial jurisdiction, a tax justice rights group said on Saturday.

    +Lagostina, Alessi, Bialetti tough out recession
      OMEGNA, Italy (Reuters) - A giant silver teapot shines in the pale sun outside the Alessi factory, its scale a measure of how in the 1980s and 90s Italian kitchenware, from espresso-makers to lemon-squeezers, grew into objects of desire.

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