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    Last update: December 22, 2009

    +Futures extend gains after data
      NEW YORK (Reuters) - Stock index futures added to gains on Wednesday after data showed U.S. jobless claims tumbled last week to the lowest level in more than a year, even as orders for long-lasting U.S. manufactured goods fell unexpectedly in October.

    +U.S. jobless claims tumble in latest week
      WASHINGTON (Reuters) - The number of U.S. workers filing new applications for jobless insurance tumbled last week by a surprisingly large amount to the lowest level in more than a year, according to government data on Wednesday that gave fresh evidence the battered labor market is improving.

    +GM grapples with Saab, Opel futures
      STOCKHOLM/WIESBADEN (Reuters) - General Motors was grappling with the future of two European units on Wednesday, seeking options for Saab after a sale collapsed and preparing to show unions its Opel restructuring plan.

    +U.S. durable goods orders fall unexpectedly
      WASHINGTON (Reuters) - New orders for long-lasting U.S. manufactured goods fell unexpectedly in October, according to government data on Wednesday that reinforced views of a gradual economic recovery from recession.

    +Tiffany profit beats; view raised ahead of holiday
      NEW YORK (Reuters) - Tiffany & Co reported a larger-than-expected quarterly profit and raised its forecast for full-year earnings on the strength of its overseas sales and a solid start to the holiday season, sending the upscale jeweler's shares up nearly 6 percent.

    +U.S. personal spending rises in October
      WASHINGTON (Reuters) - U.S. consumer spending rose more than expected in October as incomes increased, data showed on Wednesday, offering some hope at the start of the fourth quarter for the nascent economic recovery.

    +Deere reports quarterly net loss
      CHICAGO (Reuters) - Deere & Co , the world's largest maker of tractors and harvesters, reported a quarterly net loss on Wednesday on weak equipment sales and a series of one-time charges.

    +AIG board OKs CEO pay, as Benmosche agrees to stay
      NEW YORK (Reuters) - American International Group Inc, the insurer that received billions of dollars in a U.S. bailout, has been authorized by its board to pay Chief Executive Robert Benmosche's $7 million compensation, after it laid to rest concerns that he may quit the post.

    +Aware of policy risks, Fed sees firmer growth
      WASHINGTON (Reuters) - Federal Reserve officials are increasingly confident the U.S. economic recovery will be durable, but do not see employment or inflation picking up soon, minutes from their November meeting showed.

    +Microsoft CFO to leave, look for bigger job
      NEW YORK (Reuters) - Microsoft Corp's Chief Financial Officer Chris Liddell is to leave the company at the end of the year, indicating that he is looking for a bigger job at another company.

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