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Tuesday, November 20, 2012

Financial news: 11/20/2012

AP:  Banks used short sales to issue $13.1 bln of debt relief
CNBC: Jobless rate of 10% possible via Fiscal Cliff per Fitch
Bloomberg: Special corporate dividends surge ahead of tax change
MN: Half of biggest companies to cut spending per WSJ
Reuters: Nasdaq CEO implies Congress' gridlock is dysfunctional
CNN: Republicans to seek spending cuts after debt ceiling breach
NAR: October existing home sales rose 2.1% to 4.79 million
Fox: Oil prices rose 2% on demand prospects & mid-east turmoil
Business Insider: Iraqi oil production to reach 3-6 mb/d by 2020
Moody's: French bond rating downgraded to Aa1 from Aaa
BBC: Delinquent debt at Spanish banks ↑ to 10.7% in Sept.

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