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Business

Futures slip on caution ahead of Q2 growth data

NEW YORK (Reuters) - Stock index futures fell on Friday as investors turned cautious ahead of a report expected to show slower growth of the U.S. economy in the second quarter.



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Merck profit beats Wall Street view

NEW YORK (Reuters) - Merck & Co reported higher-than-expected second-quarter earnings on Friday, helped by strong sales of its treatments for diabetes, arthritis and



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China overtakes Japan as No.2 economy: FX chief

BEIJING (Reuters) - China has overtaken Japan to become the world's second-largest economy, the fruit of three decades of rapid growth that has lifted hundreds of millions of people out of poverty.



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Fed's Bullard: Fed would act if recovery fails

WASHINGTON (Reuters) - St. Louis Federal Reserve Bank President James Bullard on Friday there is unanimity among officials on the central bank's policy-setting panel over providing more support to the economy if the recovery suffers a serious setback.



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Disney sells Miramax for over $660 million to Filmyard

LOS ANGELES (Reuters) - Walt Disney Co has sold film studio Miramax for more than $660 million to Filmyard Holdings LLC, ending months of talks between the media group and various bidders.



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Aon Q2 profit tops Wall Street view

(Reuters) - Aon Corp , the world's largest insurance brokerage, reported a larger-than-expected quarterly profit as contributions from recent acquisitions helped offset decline in commissions.



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Facebook may postpone IPO to 2012: report

(Reuters) - Social networking website Facebook Inc may postpone its initial public offering until 2012, Bloomberg said, citing three people familiar with the matter.



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Dollar falls and European shares slip on U.S. fears

LONDON (Reuters) - The dollar fell to an eight-month low against the yen on Friday while European and Asian shares slipped on worries U.S. growth data due later in the day may show the world's biggest economy is losing steam.



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Disney sells Miramax for over $660 million to Filmyard

LOS ANGELES/BANGALORE (Reuters) - Walt Disney Co has sold film studio Miramax for more than $660 million to Filmyard Holdings LLC, ending months of talks between the media group and various bidders.



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