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    Last update: December 22, 2009

    +Wall Street to slip as earnings disappoint
      NEW YORK (Reuters) - Wall Street was set to drop at the open on Friday after disappointing quarterly results from Dow components General Electric Co and Bank of America Corp dragged stock futures lower.

    +BofA posts $1 billion loss amid consumer credit woes
      CHARLOTTE (Reuters) - Bank of America Corp posted a wider-than-expected quarterly loss as improvement in its Merrill Lynch investment banking unit failed to offset consumer credit woes.

    +Weak GE sales overshadow earnings
      BOSTON (Reuters) - General Electric Co reported better-than-expected earnings on Friday but its revenue missed Wall Street expectations, sending shares of the largest U.S. conglomerate lower in premarket trading.

    +Mattel sales fall less than expected
      NEW YORK (Reuters) - Toymaker Mattel Inc reported a smaller-than-expected decline in quarterly revenue, helped by gains in its Hot Wheels and American Girl brands as it heads into the crucial holiday shopping season.

    +Obama wins first financial reform victory in months
      WASHINGTON (Reuters) - The Obama administration scored its first financial regulation reform victory in months on Thursday when a U.S. congressional committee approved new rules for over-the-counter derivatives.

    +Oil down towards $77 on supply, corporate earnings
      LONDON (Reuters) - Oil retreated from a year-high above $78 touched early on Friday after a renewed focus on brimming inventories and disappointing corporate earnings chipped away at bullishness across financial markets.

    +Google, IBM round out strong tech results week
      SAN FRANCISCO (Reuters) - Google Inc and IBM rounded out a strong week of technology results, outstripping already high expectations and providing further evidence that a recovery is brewing.

    +Wasserstein's death leaves media assets in limbo
      NEW YORK (Reuters) - The sudden death of star dealmaker Bruce Wasserstein on Wednesday has sparked questions about whether the magazines he nurtured will survive in their current form without him.

    +Facebook sees ad potential bigger than Google search ads
      PALO ALTO, California (Reuters) - Facebook's chief operating officer said the social networking company was targeting a bigger ad market than the search ad market that has made Google Inc rich.

    +Soros says U.S. economy will be drag on world growth
      NEW YORK (Reuters) - Billionaire investor and philanthropist George Soros said on Thursday that the world's current "currency arrangements" are fraught with danger and that the world needs global regulation.

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