UNITED STATES

US stocks decline after Japan quake

Traders work on the floor of the New York Stock Exchange
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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Congress edges toward spending deal

The Congress on Thursday neared a budget deal to avert a looming government shutdown but disputes over abortion and environmental issues posed late hurdles to a final agreement.
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Fed's Pianalto: rates should stay low for long time

The Federal Reserve should keep its fed funds target rate very low for a long time and complete its asset purchasing program as scheduled, Cleveland Federal Reserve Bank President Sandra Pianalto said on Thursday.
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Chains' March sales not as bleak as expected

March was not as bad as expected for U.S. retailers, at least as far as initial sales reports show, suggesting that shoppers largely ignored higher gasoline prices and other concerns to treat themselves.
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Sales, jobless claims set to lift Wall Street

Wall Street stocks were set to open slightly higher on Thursday as positive labor market and same-store sales data brightened the outlook for consumer spending, a pillar of the U.S. economy.

Obama Says Averting Shutdown Will Require Sufficient Urgency

President Barack Obama said late Wednesday that averting a shutdown of the federal government will require sufficient urgency from all parties involved as negotiating House and Senate teams worked throughout the night to reach a package deal to pass a federal budget and non-budget policy elements by a midnight Friday deadline.
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Rite Aid sees more losses despite sales gains

Rite Aid Corp's sales at its established drugstores rose over the most recent quarter but the company forecast another loss this fiscal year despite the expectation of further sales gains.
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Oil falls as focus turns to demand erosion

Brent crude futures dipped on Thursday after five days of gains, hovering around $122 a barrel on concerns that strong prices could crimp demand, with the European Central Bank lifting rates to control inflation.
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U.S. chains' March sales not as bleak as expected

March was not as bad as expected for U.S. retailers, at least as far as initial sales reports show, suggesting that shoppers largely ignored higher gasoline prices and other concerns to treat themselves.
Traders work on the floor of the New York Stock Exchange

World Market Overview 04/07/2011

U.S. stock markets ended higher on Wednesday, led by gains from technology and banking sector stocks. Cisco Systems led gains in technology stocks after CEO John Chambers said in a memo to employees that the company has lost its way and will need to restore its credibility. Chambers suggested Cisco might change operations to narrow the company's focus.
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Stock futures signal flat open; data eyed

Stock index futures pointed to a flat open on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 trading little changed.
The headquarters of the U.S. Food and Drug Administration (FDA) is seen in Silver Spring, Maryland

FDA OK's device to treat brain aneurysms

The U.S. Food and Drug Administration (FDA) cleared a new device, manufactured by California-based ev3, to treat brain aneurysms without performing open surgery.

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