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Pfizer profit tops forecast, but revenue misses

U.S. drugmaker Pfizer Inc reported quarterly results roughly in line with expectations and said it expects by the second half of the year to complete its review of which company businesses are appropriate to keep.
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Fed survey says credit gains uneven

Banks made credit easier to get in the first quarter but small companies and consumers were less enthusiastic about borrowing than big firms, showing credit markets thawing unevenly.
U.S. President Barack Obama

White House : Obama to visit Ground Zero on Thursday

A day after Osama's death, US President Barak Obama has announced that he will visit Ground Zero in New York to meet the victims of 9/11 terror. Obama marked the anniversary of Sept. 11 at the Pentagon in each of his two years as president until now.
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Lockheed's F-35 proposal shows cost creeping up

Lockheed Martin's proposal for the latest batch of F-35 fighter jets shows the price per plane creeping up on the Pentagon's costliest U.S. weapons program, sources familiar with the program said.
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Lawyer for money manager Ken Starr pleads guilty

A former lawyer for a large U.S. law firm pleaded guilty on Monday to conspiring to launder almost $19 million for his one-time client Kenneth Starr, a money manager known for representing celebrities.
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Sony suffers second major user data theft

Sony disclosed on Monday hackers had stolen the names, addresses and passwords of nearly 25 million more users than previously known less than a day after the Japanese company apologized for one of the worst break-ins in Internet history.

World Market Overview 5/2/11

U.S. stocks kicked off May with slim losses, as the energy sector followed the price of oil lower and investors couldn't sustain a morning rally that followed the death of Osama bin Laden.
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Credit standards easing, loan demand up: Fed survey

Small businesses and consumers were wary about taking advantage of easier credit in the first quarter, but loan demand among large firms grew, the Federal Reserve said in a report on Monday that showed credit markets thawing unevenly.
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Lawyer to money manager Ken Starr pleads guilty

A former lawyer for a large U.S. law firm pleaded guilty on Monday to conspiring to launder almost $19 million for his onetime client Kenneth Starr, a money manager known for representing celebrities.
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Nasdaq to go hostile with NYSE bid

Nasdaq OMX Group and IntercontinentalExchange Inc will take their takeover bid for NYSE Euronext straight to the Big Board's shareholders as they try to corner the company into talks.
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Fed survey: credit standards easing, loan demand up

Small businesses and consumers were wary about taking advantage of easier credit in the first quarter, but loan demand among large firms grew, the Federal Reserve said in a report on Monday that showed credit markets thawing unevenly.

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