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• EU to back Irish bailout, sketch long-term solution (Reuters)
• BP to sell Pan American stake to Bridas for $7 billion (Reuters)
• France and Germany in deal on euro zone crisis: sources (Reuters)
• Online bargain-hunting spreads beyond Cyber Monday (Reuters)
• Obama asks country to help make tomorrow better (AP)
• Private sector risk to grow under new EU mechanism (Reuters)
• EU proposes new rules for future bailouts (AP)
• Black Friday shows slight increase in US sales (AFP)
• Iraq West Qurna to hit 750K barrels per day (AP)
• Tax break for employer health plans a target again (AP)
• Higher gas prices won't slow most holiday shoppers (AP)

EU to back Irish bailout, sketch long-term solution (Reuters) Posted: 28 Nov 2010 09:18 AM PST Reuters - The European Union was poised to approve an 85 billion euro ($115 billion) rescue for Ireland on Sunday and announce outlines of a permanent system to resolve Europe's spreading debt crisis, euro zone sources said.

BP to sell Pan American stake to Bridas for $7 billion (Reuters) Posted: 28 Nov 2010 04:51 AM PST Reuters - BP said it had agreed to sell its stake in Argentina-based oil and gas group Pan American Energy (PAE) to Bridas Corp, half-owned by China's CNOOC, for $7 billion, as it raises cash to pay for the Gulf oil spill.

France and Germany in deal on euro zone crisis: sources (Reuters) Posted: 28 Nov 2010 06:25 AM PST Reuters - Germany and France have reached an agreement on how a future permanent mechanism for resolving debt crises in the euro zone should work once it is introduced in 2013, euro zone sources said on Sunday.

Online bargain-hunting spreads beyond Cyber Monday (Reuters) Posted: 27 Nov 2010 04:21 PM PST Reuters - Early discounts may have taken some of the shine off Cyber Monday but the key online holiday shopping day is still expected to attract bargain hunters who may not have had their fill over the weekend.

Obama asks country to help make tomorrow better (AP) Posted: 25 Nov 2010 05:23 AM PST AP - Saying America has a history of doing what it takes to make a better tomorrow, President Barack Obama is calling on a country climbing out of its worst economic slump in decades to summon that spirit again this holiday season.

Private sector risk to grow under new EU mechanism (Reuters) Posted: 28 Nov 2010 09:06 AM PST Reuters - Private sector involvement in the resolution of future euro zone debt crises would increase depending on the extent of the crisis, according to a European Commission proposal backed by France and Germany presented to EU finance ministers on Sunday.

EU proposes new rules for future bailouts (AP) Posted: 28 Nov 2010 08:26 AM PST AP - A permanent mechanism to solve future debt crises in the eurozone should force losses on private investors "only on a case by case basis," the European Commission proposed on Sunday.

Black Friday shows slight increase in US sales (AFP) Posted: 27 Nov 2010 10:08 PM PST AFP - Black Friday, the official start of the holiday shopping season in the United States, showed a 2.2-percent boost in the number of shoppers going to the malls, according to early estimates.

Iraq West Qurna to hit 750K barrels per day (AP) Posted: 28 Nov 2010 04:14 AM PST AP - An Iraqi oil official says production from the country's West Qurna Stage 1 oil field should more than triple to 750,000 barrels a day in three years time.

Tax break for employer health plans a target again (AP) Posted: 28 Nov 2010 07:50 AM PST AP - Job-based health care benefits could wind up on the chopping block if President Barack Obama and congressional Republicans get serious about cutting the deficit.

Higher gas prices won't slow most holiday shoppers (AP) Posted: 27 Nov 2010 10:17 AM PST AP - Many Americans are determined not to let higher gas be the Grinch that spoils their holiday spending plans.

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