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China's November industrial profits suffer sharpest fall in 27 months

SHANGHAI - Chinese industrial profits dropped 4.2 percent in November to 676.12 billion yuan ($108.85 billion), official data showed on Saturday, the biggest annual decline since August 2012 as the economy hit major unexpected headwinds in the second half.

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U.S. retailers miss fewer Christmas deadlines: early surveys

SAN FRANCISCO - Major U.S. retailers missed fewer Christmas deliveries this year, according to two small, early surveys released on Friday, partly reflecting a year's worth of investments made to avoid 2013's last-minute shipping debacle.

26 Dec 2014

Shares rise in thin post-holiday trade; oil, natural gas slip

NEW YORK - U.S. stocks pushed higher on Friday, with the Dow and S&P 500 both closing at record highs, while oil and natural gas fell on worries of a supply glut and on mild U.S. weather.

26 Dec 2014

Women's apparel, dining drive U.S. holiday sales: MasterCard

- U.S. retail sales rose 5.5 percent from the day after Thanksgiving through Christmas Eve as solid demand for women's apparel, jewelry and casual dining offset surprisingly sluggish sales of electronics, MasterCard said in its holiday spending report.

26 Dec 2014

Russia forecasts economic slump as bailed-out bank gets more funds

MOSCOW - Slumping oil prices have put Russia's economy on course for a sharp recession and double-digit inflation next year, government ministers said on Friday, as authorities scaled up a bailout for the first bank to succumb to this month's ruble crisis. | Video

26 Dec 2014

Tesla's new Roadster to cover two-thirds more miles per charge

- U.S. electric car maker Tesla Motors Inc will relaunch its Roadster model with a new battery pack that will increase the distance the car can travel on a single charge by nearly two-thirds to more than 400 miles.

26 Dec 2014

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