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Geithner: G20 to focus on growth, confidence

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Treasury Secretary Timothy Geithner said on Thursday that the Group of 20 leaders' summit should focus on both growth and fiscal responsibility to lay a foundation for stronger economic growth in the future.

Lawmakers slam top mortgage firms on loan mods

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The four largest mortgage lenders in the United States were grilled on Capitol Hill on Thursday about the limited number of home loans they have modified for homeowners facing foreclosure.
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Market sinks on fragile recovery fears

The S&P 500 fell for the fourth straight day on Thursday as fresh signs of consumer weakness and worries about stringent financial regulation provoked investors to unload positions.
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U.S. keeps G20 focus on growth but Europe resists

The United States said on Thursday world leaders must work to keep economic growth on track but Europe dug in its heels ahead of a G20 summit, insisting that now was the time to work on cutting costs.
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Supreme Court imperils Skilling, Black convictions

The Supreme Court on Thursday threw into doubt the fraud convictions of former Enron Corp Chief Executive Jeffrey Skilling and ex-media baron Conrad Black, a setback for the U.S. Justice Department in two of the biggest corporate fraud prosecutions of the last decade.
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Temp workers lead EU, U.S. recovery

A sharp increase in temporary work -- a traditional leading indicator of in the early phase of recovery -- shows that many European countries and the United States are pulling out of recession, an industry association said on Thursday.
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Twitter settles privacy charges with U.S.

Microblogging service Twitter has agreed to a settlement with the U.S. Federal Trade Commission over charges it put its customers privacy at risk by failing to safeguard their personal information.
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Derivatives amendment may limit competition: SDMA

Last minute proposals to U.S. legislation designed to reduce risks in the $450 trillion derivatives markets may limit competition among firms seeking to centrally clear contracts, a trade association said on Thursday.
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YouTube, now with instant vuvuzela sound

JOHANNESBURG (Reuters Life!) - Want to hear what your favorite pop star or politician sounds like accompanied by the most memorable sound of the soccer World Cup in South Africa -- the droning vuvuzela trumpet?
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Fans scramble for Apple's iPhone upgrade

Apple fans lined up overnight by the hundreds outside stores in the United States, Europe and Japan to snap up the latest iPhone, setting a new benchmark in the fast-growing smartphone market.
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30-year mortgage rate drops to 39-year low

Mortgage rates dropped in the past week, with 30-year fixed-rate loans tumbling to their lowest level in 39 years, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
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Scammers target U.S. homebuyer credit: watchdog

The U.S. first-time homebuyer credit, aimed at boosting demand amid the recession, is still beset by significant scamming, though authorities made some progress rooting out fraud, a federal watchdog said.
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Tech companies seeking business in Syria

The United States is urging Syria to open up its markets to U.S. companies' computers and software, but fears over piracy and Internet access restrictions are holding back American technology companies from investing there.
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Britain's regulator to probe net neutrality

Britain could force internet service providers such as BT, Virgin Media and TalkTalk to reveal whether they restrict access to some websites at peak times while favoring others, regulator Ofcom said.
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Hasbro says not in buyout talks

Hasbro Inc said it is not involved in any talks regarding a potential sale of the company, despite a news report that said it had been in negotiations for a possible leveraged buyout.
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Supreme Court sets aside convictions of Skilling, Black

The Supreme Court on Thursday set aside some convictions of former Enron Corp Chief Executive Jeffrey Skilling and former media baron Conrad Black, a setback for the U.S. Justice Department in some of its biggest corporate fraud prosecutions of the last decade.

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