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Foreclosure demand ebbs as supply mounts: survey

U.S. consumers are less interested in buying a foreclosed home than they were a year ago, which could slow a housing market rebound as banks prepare to sell a record number of repossessed properties, according to a survey released on Thursday.

Bank earnings improve but small firms suffering

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The overall health of the U.S. banking industry improved in the first quarter as net income set a two-year-high of $18 billion, but the largest firms enjoyed a disproportionate share of the gains.
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Wall Street slumps on euro-zone fears

Stocks dropped on Thursday, with all major indexes sliding more than 3 percent on growing fears that the euro zone's handling of its sovereign debt crisis could jeopardize the global economic recovery.
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Wall Street tumbles on euro-zone regulation fears

Stocks fell sharply on Thursday, sending the S&P 500 index into correction territory on growing fears the euro-zone's handling of its sovereign debt crises could put the global economic recovery in jeopardy.
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Sears profit tumbles as sales weaken

Sears Holdings Corp's quarterly profit plunged 38 percent as sales lost momentum late in the quarter and higher costs and markdowns weighed on margins, pushing its shares down 7.3 percent.
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Opera browser enjoys EU download boom

Opera Software has seen daily downloads of its browsers in European countries as much as triple after Microsoft started to give consumers greater access to rival browsers.
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Who's packing ERs? Not the uninsured

(Reuters) - One in five people in the United States visit an emergency room every year, and most of them have health insurance of some kind, according to a U.S. government survey released on Wednesday.
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Fighting cancer: Diet, scant exercise problems

(Reuters) - The United States does not produce or import anywhere near enough fruits and vegetables to provide Americans the right kind of diet to prevent cancer, government researchers said on Wednesday.
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Samsung unit sees firm smartphone market

Global shipments of smartphones may grow 50 percent this year and drive explosive expansion in high-end OLED display sales over the next five years, a Samsung Mobile Display executive said on Thursday.
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Futures fall as fears of a correction spread

Stock index futures fell on Thursday as concerns grew that recent share declines caused by euro-zone turmoil in the handling of the sovereign debt crises could lead to a wider correction.
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World crude steel output up 35.7% in April

World crude steel production for the 66 countries reporting to the World Steel Association (worldsteel) was 122 million metric tons (mmt) in April. This is 35.7% higher than April 2009.China's crude steel production for April 2010 was 55.4 mmt, an increase of 27% compared to April 2009. It is the highest amount of crude steel China has ever produced in a single month.
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Forex - China's yuan peg is looking more solid

Just a few weeks ago, there was virtually unanimous agreement among investors and economists that China was on the cusp of dropping the yuan's peg to the dollar, while the debate centred on how it might happen.
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Toyota confident throttles not linked to recall saga

Toyota Motor Corp remains confident that its electronic throttles are sound and not behind instances of unintended acceleration that led to huge recalls, federal investigations, and lawsuits, the company's U.S. sales president said on Wednesday.
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Stock futures mixed as Applied Materials eyed

Stock index futures pointed to a mixed open on Wall Street on Thursday, with futures for the S&P 500 down 0.1 percent, Dow Jones futures up 0.1 percent and Nasdaq 100 futures down 0.4 percent at 0836 GMT (4:36 a.m. ET).
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China tells U.S. to put fiscal house in order

Europe's debt crisis has laid bare the fragility of global finances and the United States, too, must tame its fiscal deficit, a senior Chinese official said on Thursday, spelling out Beijing's concerns before talks with Washington.
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Asian stocks bashed to 8-month lows; euro retreats

Worries over the euro zone's debt crisis hammered Asian stocks to their lowest in more than eight months and sent the euro down, struggling to stay above the previous day's four-year low as political divisions and fears of more market regulation kept investors on edge.
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Japan Q1 GDP grows steadily on exports

Japan's economy grew 1.2 percent in the first quarter, the biggest expansion in three quarters, on stimulus-driven consumption and solid exports to Asia, but market turmoil from the European debt crisis clouded the outlook.
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Exports boost Japan's economy

Japan's economy grew 1.2 percent in the first quarter, the biggest expansion in three quarters, supported by solid exports to Asia and a stimulus-fueled recovery in consumption.
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Euro in cautious recovery

The euro struggled to retain gains on Thursday after a fragile rebound from the previous day's four-year lows as political divisions in Europe and fears of more regulations kept investors edgy and pressured stocks.
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Apple laptop user has vultures lawsuit dismissed

A federal judge has dismissed a plaintiff's lawsuit against Apple Inc that accused company employees of waiting like vultures to spy on her every time she used an Apple laptop to access the Internet.

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