The tech-heavy Nasdaq led Wall Street lower and oil prices also declined after rising home delinquencies and a bearish call on the tech sector revived recovery concerns.
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Air France-KLM plans further job cuts after posting H1 loss. UK retail sales hit 17-month high. Official figures see Britain sinking deeper into the red. British talent show star, Susan Boyle’s debut album becomes the most pre-ordered CD through Amazon.
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At a Washington event dedicated to small business, Treasury Secretary Timothy Geithner urged banks to step up to the plate and lend more money in order to keep the economic revival growing.
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Business Update: Stocks pull back
