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Recorded music sales fell 10 pct in 2009: IFPI
January 21, 2010 – 11:00 pm

Global recorded music sales fell around 10 percent in 2009 and are down 30 percent since 2004 as rampant illegal downloading eats into legitimate digital and physical sales, the industry’s trade body said on Thursday.

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Davis Guggenheim doc first Sundance pickup
January 21, 2010 – 11:00 pm

Marking the first sale of the Sundance Film Festival, which kicked off Thursday, Paramount Vantage has acquired worldwide rights to Davis Guggenheim’s new documentary about the state of public education in the United States.

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India festival puts Jaipur on book lovers’ map
January 21, 2010 – 11:00 pm

Perhaps it’s the location, a heritage hotel in a city of faded royal splendor. Maybe it’s the crowd: a motley crew of writers, Bollywood stars, agents and critics, groupies and, of course, book lovers.

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Simon Cowell to release charity record for Haiti
January 21, 2010 – 11:00 pm

British music mogul Simon Cowell will release a charity single to raise money for the victims of the Haiti earthquake, he said on Thursday.

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Judge postpones Charlie Sheen hearing on stay away order
January 21, 2010 – 11:00 pm

A Colorado judge on Thursday postponed a hearing on actor Charlie Sheen’s request to dismiss the stay-away order against his wife, citing her illness after she was hospitalized with a high fever.

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NBC ends late night wars: Conan is out, Leno is back
January 21, 2010 – 11:00 pm

Conan O’Brien will end his short-lived stint as host of “The Tonight Show” Friday after signing a $45 million exit deal with NBC that ends two weeks of embarrassing on-air bickering and allows Jay Leno to return to the flagship late-night comedy program.

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Jobless claims up, regional manufacturing dips
January 21, 2010 – 11:00 pm

The number of U.S. workers newly applying for unemployment benefits unexpectedly rose last week and regional manufacturing slipped in January, hinting at some slowing in the pace of economic recovery.

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Coca-Cola eyes Russian juice maker Nidan: sources
January 21, 2010 – 11:00 pm

Coca-Cola Co is considering buying a controlling stake in Russian juice maker Nidan Soki from London-based private equity group Lion Capital, sources familiar with the deal participants said on Thursday.

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Oracle wins unconditional EU approval for Sun buy
January 21, 2010 – 11:00 pm

Oracle Corp won unconditional European Union approval on Thursday for its $7 billion takeover of Sun Microsystems, a month after offering public pledges to sooth regulatory concerns.

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Oil falls over 2 percent
January 21, 2010 – 11:00 pm

Oil prices fell more than 2 percent to a 2010 low around $76 a barrel on Thursday, after government data showed a sharp drop in U.S. refining activity to nearly its lowest level in 25 years, indicating weak demand for fuels.

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Wall St drops on Obama bank limits plan
January 21, 2010 – 11:00 pm

Stocks suffered their worst one-day percentage drop since October on Thursday as U.S. President Barack Obama proposed tough restrictions on banks that would squeeze profits.

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Zelaya to leave Honduras next week says adviser
January 21, 2010 – 11:00 pm

Ousted Honduran President Manuel Zelaya will end his four-month refuge in the Brazilian embassy and leave the country next week, when his term would have ended, his closest adviser said on Thursday.

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