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Paul Dykewicz

[stocks]
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U.S. stocks fell a third day, dropping the Standard & Poor’s 500 Index to a one-month low, as improving economic data heightened speculation the Federal Reserve could cut stimulus as soon as next week.

[U.S. flag in shape of U.S.]
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Applications for U.S. unemployment benefits jumped last week from an almost three-month low, showing the challenge in adjusting the data amid year-end holidays. Jobless claims surged by 68,000 to a two-month high of 368,000 in the period ended Dec. 7.

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Global oil demand in 2014 will top previous forecasts, with U.S. consumption rebounding to its strongest level in five years, the International Energy Agency (IEA) announced today.

[Marriner S. Eccles Federal Reserve Board Building]
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Wall Street faces more intensive government scrutiny of trading after U.S. regulators issued the much-awaited Volcker rule today that is aimed at preventing financial blowups but still leaves many details unclear.

Chevrolet Corvette C3
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General Motors (GM) became the first major auto maker to name a woman as its CEO with today’s announcement that Senior Vice President for Product Development Mary Barra will succeed current CEO Dan Akerson when he retires.

[Italian Flag]
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Fiat SpA (F) plans to invest as much as 9 billion euros ($12.3 billion) on new models to end its European losses in three years, with the aim of reviving nearly empty Italian factories, people close to the situation told Bloomberg.