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Factories hold up despite slower growth

Business at U.S. manufacturers grew a bit more slowly for a second straight month in April but their costs rose to the highest level in nearly three years, an industry report showed on Monday.

Stocks rise on Bin Laden Death

U.S. Stocks
The dollar rebounded from three-year lows and U.S. crude slid more than 1 percent on Monday on the back of news that a U.S.-led operation killed Osama bin Laden in Pakistan.
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Stocks, dollar up after news bin Laden killed

The dollar rose from three-year lows, oil fell and world stocks put in gains on Monday after news Al Qaeda leader Osama bin Laden was killed by U.S. forces swept across thinly-traded financial markets.
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SEC freezes China Voice assets, cites Ponzi scheme

The Securities and Exchange Commission on Friday said it won a court order freezing the assets of China Voice Holding Corp, and accused a co-founder of the telecommunications company of running an $8.6 million Ponzi scheme.
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ZTE sues Huawei in China for patent infringement

ZTE Corp, China's No.2 telecommunications equipment maker, has filed a lawsuit against larger Chinese rival Huawei Technologies Co Ltd in China, it said on Friday, a day after it was sued by the latter in Europe.
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Bright Asian future not pre-ordained, must be earned: ADB

Asia needs to work to ensure the potential of its economic and political rise is realized, including fulfilling its responsibilities as a global player, the Asian Development Bank said ahead of its annual meeting next week in Vietnam.
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Caterpillar profit surges, raises full-year view

Caterpillar Inc recorded a fivefold surge in quarterly profit and raised its forecast for the rest of the year, citing rising demand for its bulldozers, excavators and other heavy equipment.
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Daimler's robust Q1 underwhelms hopeful market

Daimler posted robust quarterly results that underwhelmed investors whose expectations had been inflated by recent stellar reports by peers such as Volkswagen and truck maker Volvo .
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Daimler warns of headwinds from commodity prices

Daimler warned that commodity prices may rise by more than it bargained for in coming months and maintained its full-year outlook after posting stronger than expected first-quarter operating profit.
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Apple says white iPhone is more durable

Apple, which rolled out its much-delayed white iPhone in 28 countries on Thursday, has said it had made changes in the manufacturing process to make the new gadget more durable.
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Renren revised IPO filing shows slower user growth

In the run-up to one of the hottest social media IPOs of the year, China's Renren Inc lowered the number of users it said it gained in the first quarter of 2011, raising questions about the rest of the information it provided to investors in official filings.
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White Apple iPhone sells out in Asia

The wait for the white-colored iPhone 4 has officially ended as Apple's anticipated smartphone hit shelves today, but those hoping to snag one later may be out of luck.
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Higher costs hit soap, diaper makers

Makers of soap, diapers and other household products are spending much more for fuel and raw materials than expected, which means more price increases are on the way for consumers.
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Higher costs hit consumer products makers

Procter & Gamble Co lowered the high end of its profit forecast for the year on Thursday, as it does what it can to trim expenses and raises some prices to offset rising costs for materials.
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Honda struggles with quake fallout, Hyundai surges

Top Asian car makers Honda Motor <7267.T> and Hyundai Motor <005380.KS> painted vastly different portraits on Thursday, with Hyundai turning in a stellar quarterly performance while Honda struggled to overcome supply woes after Japan's devastating earthquake.
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Honda Q4 profit down 52 percent, gives no annual guidance

Honda Motor Co <7267.T> reported a 52 percent fall in quarterly operating profit and refrained from providing an outlook for the new business year as it struggles to measure the speed of its recovery after last month's earthquake in Japan.
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Hyundai shares jump to record high after profit surge

Hyundai Motor Co <005380.KS> reported a 47 percent jump in quarterly profit on Thursday, sending its shares to a record high, with investors betting earnings will continue to grow as Japanese rivals struggle with a production slump.

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