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S&P and Nasdaq buoyed by housing, jobs data (Reuters)
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Traders work on the floor of the New York Stock Exchange, August 31, 2010. REUTERS/Brendan McDermidReuters - The S&P 500 and Nasdaq advanced on Thursday, building on their best day in eight weeks in the previous session as data showed an improvement in pending home sales and a drop in initial jobless claims.


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Economic data dampen fears of new recession (Reuters)
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A home for sale is seen in Great Falls, Virginia August 23, 2010. REUTERS/Kevin LamarqueReuters - Pending sales of previously owned U.S. homes rebounded unexpectedly in July and new claims for jobless benefits fell last week, helping dampen fears the economy could face a double dip recession.


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Burger King agrees to be sold for $3.26 billion (Reuters)
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A Burger King sign outside a Miami restaurant. US fast food giant Burger King said Thursday it would no longer buy palm oil from Sinar Mas or its subsidiaries after Greenpeace campaigned against the Indonesian group's land-clearing practices.(AFP/Getty Images/File/Joe Raedle)Reuters - Burger King Holdings Inc , the No. 2 U.S. fast-food chain, agreed to sell itself to investment firm 3G Capital for about $3.26 billion in a deal analysts said would give the restaurant breathing room to fix its business.


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Bernanke takes blame for muddling message on Lehman (Reuters)
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U.S. Federal Reserve Chairman Ben Bernanke testifies before a House Financial Services hearing on the Reuters - Federal Reserve Chairman Ben Bernanke said he was partly to blame for leaving the wrong impression that the central bank could have saved Lehman Brothers from failure in 2008.


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HP wins 3PAR for $2.4 billion, Dell bows out (Reuters)
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The logo of 3Par Inc, is shown at the company's headquarters in Fremont, California August 27, 2010. REUTERS/Robert GalbraithReuters - Hewlett-Packard Co won the bidding war to buy data storage company 3PAR Inc for $2.4 billion, as rival Dell Inc bowed out on Thursday.


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