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BEYOND TAMPA BAY

Friday on Wall Street, the Standard & Poor's 500 index set a record for the second straight day. The index, up 22 percent this year, added 11.35 points, or 0.7 percent, to a record 1,744.50. The gain this year is the index's best since 2009, when it began its bull run. Since its recession low in March of that year, the S&P 500 has soared 158 percent, driven largely by a rebound in earnings, a housing recovery, greater investor confidence and the economic stimulus program by the Federal Reserve.

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J.C. Penney will open the doors of most of its 1,100 stores at 8 p.m. Thanksgiving Day, the same as rival Macy's, to kick off the holiday shopping season, as the beleaguered retailer hopes to get back in the game for the crucial selling period. The Plano, Texas, retailer didn't open until 6 a.m. the Friday after Thanksgiving last year. Penney is also bringing back a tradition it ditched last year: It will give away nearly 2 million holiday snow globes starting at 4 a.m. on the Friday after turkey day.

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Andrew and Mark Madoff, the sons of convicted Ponzi schemer Bernard Madoff, won a significant victory Friday when a judge in London dismissed a lawsuit brought against them and six others by the trustee seeking money for victims of the fraud. After a six-week trial, Judge Andrew Popplewell dismissed all of the claims against the sons, ruling that neither of them "knew of, or suspected, the fraud" and stated that "their honesty and integrity has been vindicated." Mark Madoff committed suicide in December 2010 on the second anniversary of his father's arrest. Neither has been criminally charged in the case.

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Investment bank Morgan Stanley's third-quarter earnings almost doubled to $1.01 billion as the firm's stock sales and trading revenue rose. Total revenue amounted to $8.1 billion, up 6.5 percent from $7.6 billion a year earlier. Like other banks that reported earnings this week, including Goldman Sachs and Citigroup, fixed-income trading plunged. Morgan Stanley said that its fixed-income and commodities trading revenues fell to $835 million from $1.5 billion from a year earlier.

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$2.46B

Amount HSBC Finance Corp., a division of Europe's HSBC bank, has been ordered to pay in a class-action suit claiming it fraudulently misled investors about its predatory lending practices, the quality of its home loans and its financial accounting from March 23, 2001, through Oct. 11, 2002

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THE BOTTOM LINE: General Electric's third-quarter profit fell 9 percent to $3.19 billion, while revenue dropped 1 percent to $35.73 billion ...Total investments in U.S. startups rose 17 percent to $7.78 billion in third quarter from a year earlier, as the number of deals rose 7 percent to 1,005

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