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Monday, November 2, 2009

Costly Free Credit Reports

Federal law guarantees free credit reports each year, but many consumers who got theirs from FreeCreditReport.com unintentionally paid for an expensive credit monitoring service.

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Evening News Online, 11.02.09

Monday: Struggling automaker Ford gets a jump start; Also, an exclusive interview with former Vice President Al Gore about climate change reform; Also, Steve Hartman's "Assignment America."

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Dolan Expects a Dollar Rebound Into End of 2009: Video

Nov. 3 (Bloomberg) -- Brian Dolan, chief currency strategist at Gain Capital's Forex.com, talks with Bloomberg's Bernard Lo about the outlook for the U.S. dollar. He also discusses Federal Reserve monetary policy and the economy. (Source: Bloomberg)

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Anvil's Away!

For centuries, the anvil was used to make tools. As Steve Hartman reports, one man's obsession with carving anvils eventually turned into a more exciting fixation.

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Gore's Climate Solution

Katie Couric speaks with former VP Al Gore about the need to switch from undependable, insecure, foreign sources of energy in favor of alternative energy.

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Living with Dementia

The effects of dementia are well-known and heart-breaking. Millions of Americans are living with it and yet, Dr. Jon LaPook tells us, doctors are just now seeing it as a deadly disease.

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Ship Built From 9/11 Steel

Partially built with steel recovered after the Sept. 11th attacks, the aptly-titled Navy vessel U.S.S. New York recently sailed near Ground Zero for a symbolic tribute. Jim Axelrod reports.

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H1N1 Vaccine and Pregnancies

A new U.S. government report claims that the new H1N1 vaccine has so far offered safe and successful immunity to most pregnant women. CBS News medical correspondent Dr. Jennifer Ashton reports.

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Karzai Re-elected Amid Turmoil

Afghanistan's election commission declared President Hamid Karzai the country's president, after his run-off opponent dropped out. David Martin reports.

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Ford Makes A U-Turn

Construction and auto sales, two industries hit hard by the recession, are showing signs of improvements. Dean Reynolds reports.

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Locke Says Obama's Advisers Considering Second Stimulus: Video

Nov. 2 (Bloomberg) -- U.S. Commerce Secretary Gary Locke talks with Bloomberg's Pimm Fox about the possibility of a second economic stimulus package. Locke said President Barack Obama’s advisers are “seriously” considering proposing a second stimulus measure to boost the economy. He added that another stimulus would be “very targeted and specific and we need to be mindful of the deficit as well.” Locke also discusses the 2010 "Census in Schools" program. (Source: Bloomberg)

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Watkins Says Benlysta Could Be Available by End of 2010: Video

Nov. 2 (Bloomberg) -- Thomas Watkins, chief executive officer of Human Genome Sciences Inc., talks with Bloomberg's Carol Massar and Matt Miller about the outlook for U.S. regulators' approval of the company's experimental lupus drug Benlysta. Human Genome, based in Rockville, Maryland, said Benlysta worked in a higher dose to reduce symptoms in a study. The company also said it will seek permission to sell the drug, marketed with London-based GlaxoSmithKline Plc, in the first half of next year. (Source: Bloomberg)

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AMB's Moghadam Sees Industrial Property Demand Rising: Video

Nov. 2 (Bloomberg) -- Hamid Moghadam, chief executive officer of AMB Property Corp., talks with Bloomberg's Pimm Fox about the outlook for the industrial property market. Moghadam also discusses AMB's strategy, leases and capital raising by real estate investment trusts. (Source: Bloomberg)

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Al Gore Praises Copenhagen Summit

While speaking with Katie Couric, former Vice-President Al Gore said that a proposed upcoming climate conference to be held in Copenhagen would be very beneficial for new environmental initiatives.

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Al Gore on Climate Change Critics

During an interview with Katie Couric, Vice-President Al Gore addressed criticisms from leading scientists and researchers who have discredited position on human global climate change.

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Al Gore on Cap and Trade

Al Gore stresses the importance of having American-made renewable energy that can create new jobs. Gore also mentions that our "roller coaster is headed for a crash, and we're in the front car."

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Al Gore: "We've Got to Act"

Al Gore speaks about the key of solving the climate crisis is to have a strong grassroots consensus and how many people are beginning to stand up.

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Federated's Tice Discusses U.S. Stock Market Outlook: Video

Nov. 2 (Bloomberg) -- David Tice, chief portfolio strategist for bear markets at Federated Investors Inc., talks with Bloomberg Television about the outlook for the S&P 500 Index. (This report is an excerpt. Source: Bloomberg)

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Bobrinskoy Says Banks Holding Cash to Make Acquisitions: Video

Nov. 2 (Bloomberg) -- Charles Bobrinskoy, director of research at Ariel Investments, and Dan Alpert, managing director at Westwood Capital LLC, talk with Bloomberg's Matt Miller and Carol Massar about cash holdings by U.S. banks. Citigroup Inc. has almost doubled its cash to $244.2 billion in the year since Lehman Brothers Holdings Inc. filed for bankruptcy, the biggest such stockpile of any U.S. bank. (Source: Bloomberg)

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@katiecouric: Al Gore

Three years since the release of former Vice President Al Gore's Oscar-winning documentary "An Inconvenient Truth," Katie Couric asks Gore if we are moving in the right direction on climate change. Gore also offers his opinions on Afghanistan, and President Barack Obama's winning of the Nobel Peace Prize.

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U.S. Stocks Rise on Ford Profit and Economic Data- Video

Nov. 2 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from its biggest weekly drop since May, as Ford Motor Co.’s profit and gauges of manufacturing, home sales and construction spending topped projections. (Source: Bloomberg)

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Charles Expects U.S. Taxpayer Losses on CIT Bankruptcy- Video

Nov. 2 (Bloomberg) -- Brian Charles, an analyst at RW Pressprich & Co., talks with Bloomberg's Matt Miller and Carol Massar about CIT Group Inc.'s bankruptcy filing. CIT failed to win a second government bailout in July or persuade bondholders to swap $30 billion in debt to prevent a bankruptcy filing this month. The New York-based lender posted more than $5 billion in losses in the last nine quarters. The filing is the fifth-largest U.S. bankruptcy by assets. (Source: Bloomberg)

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Greenhaus Says Executive Pay Rules May Hurt U.S. Banks- Video

Nov. 2 (Bloomberg) -- Dan Greenhaus, chief economic strategist at Miller Tabak & Co., talks with Bloomberg's Carol Massar and Matt Miller about regulation of executive compensation at financial firms. Greenhaus also discusses President Obama's statment that the U.S. economy has pulled "back from the brink" and the government must now "get serious" about reducing debt. (Source: Bloomberg)

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UN's Treki Says Palestinian Economy Depends on Peace- Video

Nov. 2 (Bloomberg) -- Ali Treki, president of the United Nations General Assembly, talks with Bloomberg's Mark Crumpton and Lori Rothman about the outlook for the Palestinian economy. Treki also discusses U.S. Secretary of State Hillary Clinton's trip to the Middle East and Israeli Prime Minister Benjamin Netanyahu. (Source: Bloomberg)

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Notebook- iPod Volume

Listening to an iPod at a high volume for just an hour a day can cause permanent damage. Some officials want to force makers of MP3 players to lower default volume settings. Katie Couric comments.

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Aviva's Abberley Discusses `Sustainable' Stock Exchanges- Video

Nov. 2 (Bloomberg) -- Paul Abberley, chief executive officer of Aviva Investors, talks with Bloomberg's Julie Hyman and Mark Crumpton about "sustainable" stock exchanges. (Source: Bloomberg)

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Goolsebee Says U.S. Needs Growth Through Innovation- Video

Nov. 2 (Bloomberg) -- Austan Goolsbee, a senior White House economic adviser, talks with Bloomberg's Julie Hyman and Mark Crumpton about the administration's strategy to promote U.S. economic growth. President Barack Obama, addressing a panel of business, labor leaders and economists, said it will require “bold, innovative action” on the part of the government and private industry to bring the unemployment rate down and lay the foundation for future growth. (Source: Bloomberg)

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Egan Says CIT Bankrupcty Filing May Help Bondholders- Video

Nov. 2 (Bloomberg) -- Sean Egan, president Egan-Jones Ratings Co., talks with Bloomberg's Lori Rothman about the outlook for holders of CIT Group Inc.'s bonds. The 101-year-old lender filed for bankruptcy in an effort to cut $10 billion in debt following a failed debt exchange and U.S. taxpayer bailout. (Source: Bloomberg)

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Branthover Worried Non-Tarp Firms Will Woo Top Talent- Video

Nov. 2 (Bloomberg) -- Jeanne Branthover, managing director at Boyden Global Executive Search Ltd., talks with Bloomberg's Lori Rothman about the outlook for executive jobs in the financial industry. Branthover also discusses Ken Feinberg's rulings on executive pay. (Source: Bloomberg)

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Ford's Mulally Discusses Profit Outlook and Economy- Video

Nov. 2 (Bloomberg) -- Ford Motor Co. Chief Executive Officer Alan Mulally talks with Bloomberg's Greg Miles about the company's outlook for sustained profitability and the U.S. economy. Ford, the only major U.S. automaker to avoid bankruptcy, posted third-quarter net income of $997 million and its first operating profit since early 2008 on smaller discounts and higher sales. Bloomberg's Lori Rothman also speaks. (This report is an excerpt of the full interview. Source: Bloomberg)

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Early Backstage- 'Dallas'

Adam "The Audience Guy" caught up with Janet Gray and Larry Hagman of the 1980s hit TV show "Dallas." Special guest Charlie Daniels also joined in the fun.

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2020's Lu Sees Opportunties in China on Domestic Growth- Video

Nov. 2 (Bloomberg) -- George Lu, chairman of 2020 Limited and a special adviser to the chairman of Exceed Company Ltd., talks with Bloomberg’s Margaret Brennan about consumer demand in China. Lu also discusses opportunities for overseas companies in China and 2020's acquisition of U.S. consumer brands. (Source: Bloomberg)

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2020's Lu Discusses China Consumer Demand, Opportunities- Video

Nov. 2 (Bloomberg) -- George Lu, chairman of 2020 Limited and a special adviser to the chairman of Exceed Company Ltd., talks with Bloomberg Television about the outlook for China's consumer demand and resulting opportunities for overseas companies. (This is an excerpt of the full interview. Source: Bloomberg)

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Ore Says U.S. May See `Minor' Job Growth Early 2010- Video

Nov. 2 (Bloomberg) -- Norbert Ore, chairman of the Institute for Supply Management's manufacturing business survey committee, talks with Bloomberg's Mark Crumpton and Lori Rothman about the ISM's October manufacturing report and the U.S. economy. The ISM’s factory index rose to 55.7, exceeding the most optimistic economist’s forecast, from 52.6 in September, according to the Tempe, Arizona-based group. Readings above 50 signal expansion. (Source: Bloomberg)

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Bibb Says NBC Universal Stake Is `Vital' for Comcast- Videoy

Nov. 2 (Bloomberg) -- Porter Bibb, managing partner at Mediatech Capital Partners LLC, talks with Bloomberg's Margaret Brennan about Comcast Corp.'s bid for General Electric Co.'s NBC Universal. Bibb also discusses the state of the broadcast advertisement industry and the outlook for consolidation within the film studio business. (Source: Bloomberg)

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Currency Market Volatile Ahead of Central Bank Decisions- Video

Nov. 2 (Bloomberg) -- Bloomberg's Sara Eisen reports on the outlook for the currency market and monetary policy decisions this week from the U.S. Federal Reserve, the Reserve Bank of Australia, the European Central Bank, and the Bank of England. (Source: Bloomberg)

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Doll Says Stock Market Yet to Reach `Cyclical High'- Video

Nov. 2 (Bloomberg) -- Robert Doll, chief investment officer for global equities at BlackRock Inc., talks with Bloomberg's Francine Lacqua, Jon Erlichman and Adam Johnson about the outlook for the U.S. stock market. Doll also comments on financial stocks, Petroleo Brasileiro SA, Wal-Mart Stores Inc. and Google Inc. (Source: Bloomberg)

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Karzai declared Afghan vote winner

Election organisers on Monday declared Hamid Karzai president of Afghanistan for another five years, cancelling a run-off which threatened to descend into farce and further destabilise the country. The announcement followed intense diplomatic pressure and sought to draw a line under two months of political chaos in a war-torn nation where 100,000 NATO and US troops are battling an increasingly virulent Taliban insurgency. Duration: 00:28

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Ban congratulates Karzai on second Afghan term

UN Secretary General Ban Ki-moon welcomed Monday a decision to cancel Afghanistan's run-off election and congratulated President Hamid Karzai on being handed a second term in office. Making a surprise visit to Kabul, the UN chief earlier met the president and his rival Abdullah Abdullah, who pulled out of the contest on Sunday. Duration: 00:54

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Ford Earns $997 Million, Projects Solid 2011 Profit- Video

Nov. 2 (Bloomberg) -- Ford Motor Co., the only major U.S. automaker to avoid bankruptcy, posted a net income of $997 million in the third quarter and its first operating profit since early 2008. Ford said it expects to be “solidly profitable” in 2011. Bloomberg's Jon Erlichman reports. (Source: Bloomberg)

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Hajj pilgrimage from your armchair

The annual hajj pilgrimage to Mecca begins later this month. It's a must for Muslims around the world and as many as two million people are expected at the holy site in Saudi Arabia. But for those who don't have the time or money to make it this year, how about a virtual trip to hajj? An Egypt-based website is becoming increasingly popular. Duration: 01:41

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Argentina's southernmost glaciers are disappearing

Ushuaia is the southernmost city on Earth, just at the edge of the Antarctic. But even in this fridgid climate, global warming is taking a huge toll on glaciers that not only support a tourist industry but also provide drinking water for the city. Duration: 02:02

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Prough Says Smaller Film Distributors May Consolidate- Video

Nov. 2 (Bloomberg) -- Stephen Prough, founder of investment bank Salem Partners, talks with Bloomberg's Francine Lacqua and Erik Schatzker about the outlook for mergers and acquisitions for the film industry. Prough also discusses the valuation of studio assets, financing for possible acquisitions and the performance of Viacom Inc.'s Paramount Pictures. (Source: Bloomberg)

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Charlie Daniels Band's 'In America'

The Charlie Daniels band performed their classic hit song, "In America."

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Citi, Other U.S. Banks Hoard Cash, Limit Lending- Video

Nov. 2 (Bloomberg) -- Bloomberg's Bradley Keoun reports on the cash positions of U.S. banks. Citigroup Inc. has almost doubled its cash to $244.2 billion in the year since Lehman Brothers Holdings Inc. filed for bankruptcy, the biggest such stockpile of any U.S. bank. Bloomberg's Francine Lacqua, Jon Erlichman and Adam Johnson also speak. (Source: Bloomberg)

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The Charlie Daniels Band

The Charlie Daniels Band reminisced about their breakout year in 1979 when they held the number one spot on the music charts.

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'Devil Went Down to Georgia'

The Charlie Daniels band performed their 1979 number one hit, "Devil Went Down to Georgia."

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Blodget Discusses Possible AEG Split From Ticketmaster- Video

Nov. 2 (Bloomberg) -- Henry Blodget, chief executive officer of The Business Insider, comments on the prospects for Anschutz Entertainment Group to replace Ticketmaster Entertainment Inc. as its ticketing partner. AEG, owner of Staples Center in Los Angeles and London’s O2 arena, is exploring ticket partners to replace Ticketmaster, which is merging with competing promoter Live Nation Inc. (This is an excerpt of the full interview. Source: Bloomberg)

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Henry Blodget Sees More Media Industry Consolidation- Video

Nov. 2 (Bloomberg) -- Henry Blodget, chief executive officer of The Business Insider, talks with Bloomberg’s Erik Schatzker and Francine Lacqua about the outlook for increased merger and acquisition activity among media companies. Blodget also discusses the prospects for Anschutz Entertainment Group to replace Ticketmaster Entertainment Inc. as its ticketing partner, and the growth of Google Apps. (Source: Bloomberg)

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Memorable Ads of 1979

The year 1979 had memorable TV ads by the likes of Coca Cola and the Simon Says toy.

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Actors Recall 1979 Soap 'Dallas'

Former stars of CBS's 1979 hit primetime soap opera "Dallas" spoke to Harry Smith about their memories of playing the Ewing family on the mini series.

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1979's Hit Soap Opera 'Dallas'

Harry Smith looks back on CBS's 1979 primetime soap opera "Dallas," which became one of the most successful shows in TV history.

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Doerr Says Obama Economic Advisory Board Focused on Jobs- Video

Nov. 2 (Bloomberg) -- John Doerr, a partner at Kleiner Perkins Caufield & Byers, talks with Bloomberg's Erik Schatzker and Francine Lacqua about today's meeting of U.S. President Barack Obama's Economic Recovery Advisory Board. Doerr also comments on next month's United Nations climate-change summit in Copenhagen. (Source: Bloomberg)

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Popular Products of 1979

The Early Show anchors took a look back at the popular products and styles of 1979.

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Doctor on Online Medical Info

Dr. Jennifer Ashton spoke to Debbye Turner Bell about the trend of self-diagnosis on the internet and what patients must know about online medical information.

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60 Minutes/VF Poll- H1N1 And More

From the H1N1 flu to Facebook friends, CBSNews.com's Cali Carlin and Vanity Fair's Michael Hogan look at the results of the latest poll.

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Stevens Sees `Discipline' in Process to Set Fund Fees- Video

Nov. 2 (Bloomberg) -- Paul Schott Stevens, president of the Investment Company Institute, talks with Bloomberg's Peter Cook about a Supreme Court case over investors' ability to sue mutual fund managers over fees. The case involves Harris Associates LP's Oakmark mutual funds. Investment Company Institute is the mutual-fund industry's trade association.(Source: Bloomberg)

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Criminal Profiler on Ohio Murders

Criminal profiler Pat Brown spoke to Harry Smith about the six women found dead in the Cleveland home of registered sex offender Anthony Sowell.

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Group to Monitor H1N1 Vaccine Safety

An independent group of health advisers will monitor the safety of the H1N1 flu vaccine and the White House says the government will eventually catch up to the demand. Dr. Jennifer Ashton reports.

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Tice Sees S&P 500 Bottom at 400; Advises Defensive Plays- Video

Nov. 2 (Bloomberg) -- David Tice, chief portfolio strategist for bear markets at Federated Investors Inc., talks with Bloomberg's Deirdre Bolton about the outlook for the S&P 500 Index. Tice also discusses his investment strategy. (Source: Bloomberg)

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AngloGold's Cutifani Says Eskom Price Rise Not Viable- Video

Nov. 2 (Bloomberg) -- Mark Cutifani, chief executive officer for AngloGold Ashanti Ltd., talks with Bloomberg’s Erik Schatzker about price increases sought by South Africa's state-owned power utility Eskom Holdings Ltd. Cutifani also discusses the company's hedge book, production challenges and gold prices. AngloGold, the world’s third-biggest producer of the metal, cut its 2009 production forecast for the second time this year to between 4.55 million and 4.6 million ounces, the Johannesburg-based company said today. (Source: Bloomberg)

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Karzai Declared Afghan President

Mandy Clark reports on the Afghan Election Commission's announcement the runoff election was canceled and President Karzai was declared the winner.

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Online Diagnosis Dangers

Most doctors are warning patients of the risks of replacing doctor's visits with online medical diagnoses. John Blackstone reports.

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CIT Group Files for Chapter 7 Bankruptcy; Ford Beats Estimates with 3rd Quarter Profit

Nov. 2 -- Bloomberg's Jane King summarizes the day's top stories in the Bloomberg Business Report.

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Jon Gosselin Repents

Reality TV star Jon Gosselin showed up at a New York City synagogue to confess his errors in judgment as a father. Wit Johnson reports.

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Jon's Holy Confessions

Reality TV star Jon Gosselin showed up at a New York City synagogue to confess his errors in judgment as a father. John Blackstone reports.

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Mitt Romney Talks Obama

Former republican presidential candidate Mitt Romney (R - Mass) spoke to Harry Smith about sending more troops to Afghanistan, the economy and the governor elections.

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U.S. Bancorp Assumes Nine Banks; Bogle Backs Investors- Video

Nov. 2 (Bloomberg) -- Bloomberg's Scarlet Fu reports on the latest breaking business news and top stories in today's Business Briefs. (Source: Bloomberg)

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McGregor Sees IPhone Taking Long Time to Gain in China- Video

Nov. 2 (Bloomberg) -- James McGregor, chief executive officer of JL McGregor & Co., talks with Bloomberg's Scarlet Fu about the launch of Apple Inc.'s iPhone handset in China. China Unicom (Hong Kong) Ltd. is the service provider for the iPhone. McGregor speaks from Beijing. (Source: Bloomberg)

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Obama Campaigns for Dems

President Obama campaigned for the democratic candidates for governor in New Jersey and Virginia as voters prepared for the elections. Bill Plante reports.

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Waiting for Job Creation

Harry Smiths spoke with Moody's Economy.com's Mark Zandi about the condition of unemployment and when things will improve.

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Lender CIT Files for Bankruptcy

While lending group CIT received billions in TARP money, it was not able to turn a profit and filed for bankruptcy. This is the fifth largest U.S. corporate bankruptcy, Kelly Wallace reports.

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FT's Lex Columnist Johnson Comments on RBS Asset Sales- Video

Nov. 2 (Bloomberg) -- Jo Johnson of the Financial Times' Lex commentary team talks with Bloomberg's Erik Schatzker about Royal Bank of Scotland Group Plc, Britain’s biggest government-controlled bank, which may be forced by the European Union to sell more assets than planned. (Source: Bloomberg)

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Lehman Art Draws Trophy Hunters to $1.35 Million Sale- Video

Nov. 2 (Bloomberg) -- An eclectic batch of artworks that once adorned the corporate offices of Lehman Brothers Holdings Inc. sold for $1.35 million yesterday at Freeman’s Auctioneers in Philadelphia. Bloomberg's Gigi Stone reports. (Source: Bloomberg)

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Movie Studio Consolidation May Be Next for M&A Market- Video

Nov. 2 (Bloomberg) -- Bloomberg's Sheila Dharmarajan reports on possible mergers and acquisitions among Hollywood studios. (Source: Bloomberg)

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Comcast, GE Near NBC Deal; 'This Is It' Tops Box Office- Video

Nov. 2 (Bloomberg) -- Bloomberg's Scarlet Fu reports on the weekend's breaking media news in today's edition of Media Monday. (Source: Bloomberg)

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Probe to track impact of warming on Earth cycles

A 315-million-euro satellite that will gauge the impact of climate change on the movement of water across land, air and sea was hoisted into space early Monday. The Soil Moisture and Ocean Salinity (SMOS) probe will shed new light on how water circulates around Earth's oceans. Duration: 01:21

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Soccer fever for cash-strapped African clubs

With the World Cup coming to South Africa next year, the whole continent is being swept by football fever like never before. But away from the glare of international attention, many clubs in southern Africa are still struggling with financial and logistical problems. One football coach in neighbouring Botswana gave AFPTV a tour of the daily hopes and tribulations for a typical middle-division club. Duration: 01:58

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Jewelry Meltdown Fed by Record High Global Gold Prices- Video

Nov. 2 (Bloomberg) -- Bloomberg's Terrie Cooney reports on the rush by recession-hit consumers to turn their gold jewelry into ready cash. Mark Barton also speaks. (Source: Bloomberg)

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Afghan interpreters risk lives to get to US

Unarmed military interpreters in remote southwest Afghanistan work alongside US Marines on the frontline. For many, hope of a passport to the US makes the dangerous job worthwhile. Duration: 01:55

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Editor in Chief’s Insights- What to Watch for 2010

With the 2010 congressional elections now one year way, Gallup Editor in Chief Frank Newport discusses the key indicators to watch.

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