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    Last update: December 22, 2009

    +Stock futures off as Europe banks offset Burlington deal
      NEW YORK (Reuters) - U.S. stock index futures fell on Tuesday as the deal by Warren Buffett's Berkshire Hathaway to buy railroad company Burlington Northern was offset by poor results from Swiss lender UBS and a shake-up at two big British banks.

    +Buffett to buy Burlington Northern in $34 billion deal
      NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc has struck a deal to buy the rest of railroad Burlington Northern Santa Fe Corp for $26 billion, Buffett's biggest acquisition ever.

    +J&J to cut 7,000 to 8,000 jobs
      NEW YORK (Reuters) - Johnson & Johnson will eliminate about 6 percent to 7 percent of its global workforce, or some 7,000 to 8,000 positions, as the diversified healthcare company restructures and seeks cost savings, the company said on Tuesday.

    +Lloyds, RBS agree to massive shake-up
      LONDON (Reuters) - Britain's two largest retail lenders are to get another 31 billion pounds from the government and have agreed to sell hundreds of branches and key businesses to appease EU competition concerns over state aid.

    +MasterCard posts Q3 profit as costs fall
      NEW YORK (Reuters) - MasterCard Inc reported on Tuesday quarterly earnings as the world's second-largest credit card network raised fees to banks and trimmed expenses, while consumers used their debit cards more.

    +Fed to mull recovery, financial stability at policy meeting
      WASHINGTON (Reuters) - Federal Reserve officials meeting this week must weigh improving economic data against the risk, reinforced by a persistently weak job market, that a burgeoning recovery remains on shaky ground.

    +UBS won't stem withdrawals soon as Q3 disappoints
      ZURICH (Reuters) - Swiss bank UBS does not expect to win back assets from rich clients any time soon as it struggles to rebuild its reputation after a bitter U.S. tax row even as its underlying performance improves.

    +Stanley Works to buy Black &Decker for $3.46 billion
      NEW YORK/BANGALORE (Reuters) - Stanley Works struck a deal to buy rival Black & Decker Corp for $3.46 billion in stock, combining a top hand tool maker and power tool maker to benefit from higher margins and cost savings.

    +U.S. commercial property up in 3rd quarter
      NEW YORK (Reuters) - The prices of investment-grade commercial real estate rose more than 4 percent in the third quarter, possibly signaling an end to the sector's year-long downward spiral, according to an leading property index released on Tuesday.

    +Oil slips towards $77 ahead of U.S. inventory data
      LONDON (Reuters) - Oil fell more than $1 per barrel toward $77 on Tuesday as stock markets slipped in Europe and Asia and the dollar rose against a basket of currencies.

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