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CF finally nabs Terra after Yara walks

Fertilizer maker CF Industries Holdings Inc on Friday said it will buy rival Terra Industries Inc for more than $4.6 billion in cash and stock after Norwegian rival Yara International ASA decided not to raise its offer for Terra.

Toyota hit by California lawsuit

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Toyota Motor Corp was hit by a planned lawsuit by California prosecutors on Friday over vehicle defects and by renewed political pressure to cooperate with investigators on cases of runaway cars.
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Carrier exec sees bottom in U.S. HVAC demand

U.S. demand for residential heating and cooling systems, which was pounded by the long housing slump, may have hit bottom, the head of United Technologies Corp's Carrier air conditioner arm said.
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UBS urges parliament to back U.S. tax deal: report

Switzerland's UBS has warned parliamentarians failure to back a deal to end its bitter U.S. tax row with the bank could result in a damaging backlash for Swiss banks as well as the Alpine nation's economy.
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Toyota discounts boost sales

Unprecedented discounts after a series of damaging recalls boosted Toyota Motor Corp's U.S. sales in early March, as U.S. regulators weighed new auto safety measures.
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U.S. setting bad example on protectionism: Sarkozy

President Nicolas Sarkozy of France accused Washington on Friday of setting the wrong example on protectionism, suggesting there had not been a level playing field in the race for a $50 billion refueling plane contract.
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Yara exits Terra battle, shares jump

Norwegian fertilizer group Yara International ASA shied away from raising its offer for Terra Industries Inc to top a rival bid, boosting its shares on Friday but scuppering U.S. expansion plans.
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S&P 500 dips on pharmaceuticals and technical resistance

Major U.S. stock indices erased earlier gains to trade negative for the day. Lower than expected consumer sentiment index, a technical resistance for the S&P 500, and declining shares of drug companies pushed the market down.
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Retail sales unexpectedly rise 0.3 percent

Sales at U.S. retailers rose unexpectedly in February despite a drop in vehicle purchases and inclement weather that was expected to curtail shopping, according to a government report on Friday that bolstered hopes of a sustainable economic recovery.
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KKR files for NYSE listing

Kohlberg Kravis Roberts & Co has filed to list its shares on the New York Stock Exchange, the private equity giant said on Friday.
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Democrats move closer to healthcare deal

(Reuters) - Congressional Democrats drew closer on Thursday to agreement on a broad healthcare overhaul that could clear the way for a final vote in the next few weeks, but vowed not to be bound by White House deadlines.
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Drugmakers agree on landmark vaccines deal for poor

(Reuters) - Several drug firms have agreed on a landmark deal to supply up to 200 million doses a year of cut-price pneumococcal vaccines to developing nations, according to the global immunization alliance that is overseeing the deal.
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States tap stimulus as more U.S. families seek aid

Many states have used funds from the $863 billion U.S. economic stimulus plan to help give a rising number of poor families emergency cash assistance, the Government Accountability Office said on Thursday.
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Canada posts firm job growth; currency rallies

Canada posted firmer-then-expected jobs growth on Friday, confirming its recovery is taking hold, with a report that raised rate hike expectations and sent the currency to its highest since July 2008.
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British hostage endured mock executions in Iraq

British computer expert Peter Moore, held captive in Iraq for 2-1/2 years until his release in December, has said he was tortured and subjected to mock executions by a well-trained kidnap gang.
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Cabinet shake-up tests Taiwan's pro-China president

China-friendly Taiwan President Ma Ying-jeou faces a new test of public confidence ahead of tense year-end elections after the sudden resignation of his justice minister and the health minister's threat to quit.

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