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Russia drops South Stream gas pipeline project, Putin blames Europe

Russia drops South Stream gas pipeline project, Putin blames Europe

Russia's Gazprom (GAZP.MM) on Monday cancelled a project to construct the South Stream pipeline to supply gas to southern Europe - an apparent casualty of the dispute between Moscow and the West over Ukraine.

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U.S. retailers warn of Chinese giant Alibaba's impact in U.S.

U.S. retailers warn of Chinese giant Alibaba's impact in U.S.

Several of the largest U.S. retailers warned that Alibaba Group Holding Inc may "decimate" local companies unless Congress closes tax loopholes for online retailers, singling out the Chinese company before it has even established a major American consumer presence.

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Claims in GM ignition-switch program up slightly, another death eligible

Claims in GM ignition-switch program up slightly, another death eligible

Claims related to a faulty ignition switch in General Motors Co vehicles rose slightly in the last week, including an additional death attributed to the defect, according to an official report on Monday.

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Toyota recalls more cars for dangerous Takata air bags

Toyota recalls more cars for dangerous Takata air bags

Toyota Motor Corp said on Thursday it would recall 57,000 vehicles globally to replace potentially deadly air bags made by Takata Corp, as a safety crisis around the Japanese auto parts maker looks far from being contained.

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Deere says equipment sales to fall further as farm incomes drop

Deere says equipment sales to fall further as farm incomes drop

Deere & Co (DE.N) said it expected equipment sales to fall further as lower grain prices discourage farmers from buying tractors, harvesters and other machinery.

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U.S. consumer, business spending data point to slowing growth

U.S. consumer, business spending data point to slowing growth

U.S. consumer spending rose modestly in October and a key measure of business spending plans fell for a second straight month, suggesting some slowing in the pace of economic growth.

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Wall Street flat, near records after tepid data

Wall Street flat, near records after tepid data

U.S. stocks ticked higher on Wednesday as the market's recent upward bias held ahead of the Thanksgiving holiday, even as a round of economic data came in below expectations.

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