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World Market Overview Report 04/08/2011

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U.S. stocks posted modest losses Thursday after another major earthquake rattled Japan's northeastern coast, but retailers climbed following surprisingly strong March sales.
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World Market Update 04/07/2011

U.S. stocks declined on Thursday after reports of another earthquake hitting Japan in less than a month, but markets were off their lows after a tsunami warning was lifted.
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Cerberus, Centerbrige eyeing Citi consumer unit: report

Cerberus Capital Management LP and Centerbridge Capital Partners are among the bidders for Citigroup Inc's U.S. consumer-lending unit, Bloomberg News reported on Thursday, citing three people with knowledge of the matter.
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Obama, Congress struggle to break budget impasse

President Barack Obama and congressional leaders failed to reach a deal to avert a government shutdown but narrowed their differences on Thursday in their struggle to overcome a bitter budget deadlock.
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Obama, Congress push for final budget deal

President Barack Obama and congressional leaders struggled on Thursday to overcome a bitter budget dispute and head off a government shutdown that would idle hundreds of thousands of workers.
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Jobless claims fall, retail sales stronger

New claims for jobless benefits fell last week and retailers racked up much stronger-than-expected sales in March, signs that high fuel prices have not knocked the economy off its growth path.
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Congress pushes for final budget deal

With time running out, an ideological fight in the Congress over abortion and environmental issues threatened on Thursday to derail an agreement to avert a government shutdown.
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JPMorgan's Dimon got $20.8 million in 2010

Jamie Dimon, Chief Executive Officer of the second-largest U.S. bank by assets, saw his total compensation rise to $20.8 million in 2010, according to a regulatory filing by JPMorgan Chase & Co .
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Cisco CEO warns tough decisions ahead

Cisco Inc Chief Executive John Chambers, days after admitting that the company he has led for 16 years had lost its way, warned of competitive pressures, depressed public sector spending and tough decisions that lay ahead.

Shutdown Looms: Reid Says Abortion, Environment Hold Up Deal

A dispute on federal funding for abortions and restraining an environmental agency's actions may be the insurmountable sticking points that trigger a government shutdown as lawmakers struggle to reach a deal to fund the government for the rest of the fiscal year.
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U.S. seeks tax client data from HSBC India

The U.S. Department of Justice is seeking records about American clients of HSBC in India who might be evading taxes, broadening the government's probe of banks suspected of helping tax dodgers.
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Congress makes late push for budget deal

With time running out, an ideological battle flared in the Congress over abortion and environmental issues Thursday as negotiators launched a late push to avert a looming government shutdown.
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Oil rises to 2-1/2 high on Mideast turmoil

Oil prices ended at 2-1/2-year highs on Thursday as supply worries tied to fighting in Libya and Middle East turmoil overshadowed demand concerns spurred by a boost in euro zone interest rates and as a major aftershock struck Japan.

Libya: Turkey proposes “roadmap” for peace

The prime minister of Turkey Recep Tayyip Erdogan said he is working on a roadmap to end the bloody civil war in Libya, after Turkish officials have held discussions with both members of Moammar Gaddafi’s government and officials of the rebel faction.
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Mood sours as Congress seeks budget deal

With time running out, an ideological battle over abortion and environmental issues threatened on Thursday to scuttle a congressional deal to avert a looming government shutdown.
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Markets fall after Japan aftershock

U.S. stocks fell on Thursday after Japan suffered a major aftershock, which caused injuries and renewed concerns about industrial supply disruptions and nuclear power.

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