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Continental Air posts larger-than-expected loss

Severe winter weather and higher fuel costs pinched Continental Airlines Inc's first-quarter results on Thursday and the company posted a larger-than-expected loss despite a jump in revenue.

Moody's cuts Toyota rating on recall costs

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Moody's cut its credit rating on Toyota Motor Corp by one notch, predicting a long slump in profitability and potential litigation costs for a massive recall that has tarnished the Japanese automaker's brand.
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Jobless claims fall, food prices lift PPI

The number of workers filing new applications for jobless aid fell last week as the labor market gradually improves, while producer price data showed inflation remained muted, despite a surge in food prices last month.
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Asia stocks fall, euro dips on Greece woes

Asian stocks fell on Thursday as several major U.S. firms issued disappointing outlooks, casting doubts on the strength of a global recovery, and as investors grew impatient for action on Greece's debt crisis, weighing on the euro.
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Hyundai Motor Q1 profit soars

Hyundai Motor Co delivered an earnings surprise with quarterly profit more than quadrupling, aided by a strong performance in the fast-growing Chinese and Indian markets and growing share in the United States.
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U.S. delays China yuan probe in aluminum case

The U.S. Commerce Department on Wednesday delayed a decision on investigating whether China's currency practices are an illegal trade subsidy that justify imposing countervailing duties.
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GM CEO believes taxpayers could be made whole

General Motors Co believes taxpayers could recoup their entire $50 billion investment in the company although the Obama administration still expects the government to take a loss, albeit a smaller one than first thought, on the industry's 2009 bailout.
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Visa seeks online growth with CyberSource

Visa Inc said on Wednesday that it would buy CyberSource Corp, a company that helps retailers accept online payments, to boost its business in emerging markets and online commerce.
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Starbucks profit signals recovery

Starbucks Corp , McDonald's Corp and other U.S. restaurant chains reported quarterly results showing the turnaround already priced into restaurant stocks is finally at hand.
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Starbucks profits signal recovery

Starbucks Corp , McDonald's Corp and other U.S. restaurant chains reported quarterly results showing the turnaround already priced into restaurant stocks is finally at hand.
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eBay outlook falls short, shares drop

EBay Inc forecast results for the rest of the year that fell short of Wall Street expectations for a faster turnaround as the economy improves, sending its shares down more than 8 percent.
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German bank severs Goldman ties, France eyes probe

A German state bank said it had severed business ties with Goldman Sachs Group Inc, citing U.S. regulators' allegation that the dominant Wall Street bank committed fraud, while France eyed an investigation of its own.
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With Goldman charged, rivals smell blood

Within days -- perhaps even hours -- of news that Goldman Sachs was facing fraud charges from U.S. regulators, rivals seized on a chance to elbow in front of Wall Street's most profitable bank.
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U.S. muni board looks into changing pricing system

The board overseeing much of the U.S. municipal bond market is investigating whether prices charged and paid by brokers and dealers are fair to customers, according to a notice released on Wednesday.
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GM repays U.S. loan, government loss on bailout falls

General Motors Co and Chrysler on Wednesday reported progress in their government-backed turnarounds, while the Obama administration still expects a loss on the taxpayer bailout of the industry although smaller than initially forecast.
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Fast-growing Facebook aims for more social Web

Facebook's user base is growing at its fastest rate ever, the online social network company said on Wednesday as it rolled out features that link the company's platform more tightly with outside Web sites.
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McDonald's gains share amid Starbucks attack

McDonald's Corp is muscling in on business from other fast-food chains and turning up the heat on coffee chain Starbucks Corp by expanding its lower-priced roster of competing drinks.
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Starbucks profit tops view, U.S. sales jump

Starbucks Corp reported a profit that topped analysts' views and boosted its 2010 profit forecast, as a healing U.S. economy brewed up an increase in customer visits and sales.

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