UNITED STATES

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U.S. looks to software to help open 3 nations

U.S. officials said they were allowing U.S. technology companies to export chat and social media software to Iran, Sudan and Cuba, with the hope it will help their citizens communicate with the outside world.

Daily Forecast - 9/3/2010

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The Aussie dollar began the week on a positive note rising in Asia amidst optimism of a global economic recovery and speculation Greece will be supported financially by other European nations.
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MetLife seals Alico deal after two-year quest

MetLife Inc pursued AIG's foreign life insurance business for two years before finally clinching a $15.5 billion purchase that will give it beachheads in 47 nations from Peru to Bangladesh.
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Roche, Biogen suspends arthritis drug after deaths

Swiss drugmaker Roche Holding AG and U.S. biotechnology company Biogen Idec are suspending experimental rheumatoid arthritis and lupus treatment ocrelizumab after deaths following its use, casting doubt over its future.
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FDIC's Bair eyes low interest rates, more lending

U.S. banking regulator Sheila Bair said on Monday that a low interest rate policy is clearly appropriate to get credit flowing, while also saying regulators should stop short of ordering banks to lend.
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Market barely budges; AIG, McDonald's help

U.S. stocks were nearly flat on Monday as upbeat sentiment from AIG's sale of a unit and McDonald's sales data were offset by falling healthcare shares after President Barack Obama's criticism of health insurers.
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McDonald's same-store sales up 4.8 percent

McDonald's Corp reported a better-than-expected 4.8 percent rise in February sales at established restaurants as Asia helped offset softness in the United States and Europe, sending its shares up nearly 3 percent.
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Obama takes aim at health insurers

President Barack Obama on Monday criticized U.S. health insurance companies for raising premiums and denying coverage to the sick, as he sought to rally Democratic support for his healthcare bill.
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Obama to take aim at health insurers in speech

(Reuters) - President Barack Obama on Monday criticized U.S. health insurance companies for raising premiums and denying coverage to the sick, as he sought to rally Democratic support for his healthcare bill.
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FDIC's Bair says low interest rates appropriate

A low interest rate policy is clearly appropriate due to the still struggling economy, a top U.S. bank regulator said on Monday, while also expressing frustration that banks are not doing enough to get credit flowing.
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EU considers creating IMF-style rescue fund

The European Union is considering creating a rescue fund that could herald fundamental changes in the 27-country bloc and bring closer economic cooperation following Greece's debt crisis.
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Gold may cross $1,200 in March

Will gold prices hit $1,200 per ounce this month? If you go by the opinion of bullion market analysts, the yellow metal may cross $1,200 mark this month as the bull run in bullion has lreay started. In January, the yellow metal had crossed $1,160 per ounce. And analysts now say that this will go beyond $1,200 this month.
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Vineyard breakthrough wins water startup prize

A Web application that alerts wine grape farmers when their vines are thirsty has won first place in a competition to spur entrepreneurs in the investment-starved water sector, organizers said on Monday.
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Drive The Famous Route 66

The famous Route 66 is a historic highway that ran from Chicago, Illinois and ended at the coastal city of Los Angeles, California.
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Job market gauge up for 6th straight month

The U.S. job market continued to improve in February for the sixth consecutive month, largely due to a strong recovery in manufacturing production, a research group said on Monday.
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MetLife buying AIG's Alico unit for $15.5 billion

AIG is selling its foreign life insurance unit to MetLife Inc for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a $182.3 billion U.S. government bailout.
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Panasonic ties with Best Buy for 3D TV promotion

Panasonic Corp will launch its 3D televisions in the United States on Wednesday, and work with top U.S. electronics retailer Best Buy Co to promote the products, the Japanese electronics maker said.
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GM to pay vice chairman Girsky $5 million

General Motors will pay Stephen Girsky, recently appointed vice chairman in charge of corporate strategy and business development, around $5 million a year, mainly in stocks, the company said on Friday.
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Coming to Israel, Biden flags U.S. support vs Iran

The Obama administration has boosted U.S. defense ties to Israel and will close ranks with its ally against any threat from a nuclear-armed Iran, Vice President Joe Biden said on Monday ahead of a trip to Israel.
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Sarkozy seeks funding, training for nuclear energy

International development banks must finance civilian nuclear projects to help emerging nations build energy plants, French President Nicolas Sarkozy said on Monday, laying out ambitious plans to develop the industry.

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