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CNBC Business News Headlines

7:26 PM ET Tue, 29 Nov 2011

WNBC's Melissa Russo reports on AMR filing for Chapter 11 reorganization; AT&T pulls it's application to acquire T-Mobile; Transocean, the world's largest offshore rig fleet says it can't upgrade its rigs and the stock promptly fell to a seven year low; and Facebook settled charges from the FTC that it duped users about keeping information private.