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Top 4 Business Stories of the Day

(Reuters) - American Airlines parent AMR Corp reported improved third-quarter results on Thursday, aided by bankruptcy cost-cutting. NEW YORK (Reuters) - A top Federal Reserve official said on Thursday he is seeing signs of the United States re-entering a "housing bubble," and warned about the U.S. central bank's ongoing purchases of mortgage-based bonds. "I'm beginning to see signs not just in my district but across the country that we are entering once again a housing bubble," Dallas Fed President Richard Fisher told reporters. "So that leads me ... to be very cautious about our mortgage-backed securities purchase program." (Reporting by Jonathan Spicer; Editing by James Dalgleish) By Martinne Geller LONDON (Reuters) - China's crackdown on corruption, and with it luxury gift-giving, has again hit quarterly sales of spirits, European drinks groups Diageo Plc and Remy Cointreau SA said on Thursday. In contrast, brewer SABMiller Plc said sales of lager in the last three months jumped 10 percent by volume in China, one of the markets that helped the maker of Peroni and Grolsch beers post a 6 percent rise in net sales by value, up from a 2 percent rise the previous quarter. "We see this as a solid result in tough market conditions," said Numis Securities analyst Wyn Ellis. ... AMSTERDAM (AP) - Samsung Electronics Co. has offered not to launch any patent lawsuits over key mobile telephone technology in Europe for the coming five years, in hopes of avoiding a fine from the European Commission.

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